Host Tate Siemer welcomes Christopher Huffman, who brings his experienced and informed perspective to the "Guys". While none of us knows how things will play out, we have control over certain aspects of our lives and businesses.
A few takeaways:
There is so much good and so much opportunity in the market. There are sellers that are going to NEED US.
There will be more deals, but prices won't come down much due to low interest rates keeping cap rates compressed.
Keep your feet moving. Stay in connection with your key relationships.
Be an apprentice for a successful investor. Work for someone for free. What value can you bring to a team like Christopher's or mine?
The S.H.A.R.P.E. ratio: adjusted returns based on volatility and risk. Multi-family assets are at the top of the list, they weather storms VERY well. They provide great returns, even in a recession (usually) and have a very low level of volatility.
Joe Fairless-"The Best Ever Apartment Syndication" Book
The Apartment Gurus