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Invest Like the Best with Patrick O'Shaughnessy
Keith Wasserman – Real Estate Investing - [Invest Like the Best, EP.120]
Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Hear stock market and boardroom insights you can't find anywhere else. If you're a professional investor, CEO, entrepreneur, or business strategist, this is for you. Explore all our episodes and learn more at https://www.colossus.com
Show Notes
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My guest this week is Keith Wasserman, co-founder of the real estate investment firm Gelt.
This was my first fully dedicated conversation on direct real estate investing, so we cover many different topics, including the pros and cons of different types of real estate, current valuations, risk vs. reward, tax protection, and the most interesting emergent areas.
You can tell Keith is an entrepreneur at heart so I enjoyed his energy and all that he has learned. Please enjoy.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
(First Question) – Their interest in apartments and mobile homes as investments
– The returns spectrum for different classes of real estate
– His early entrepreneurial ventures and the start of Gelt
– Don’t be afraid of negotiating
– Going through early deals in real estate
– How he determines when it’s time to sell a property
– How do they think about taxes in their investment offerings
– Depreciation strategies in real estate investing
– The evolution of the types of real estate properties they’ve invested in
– Most important factors when evaluating a building to invest in
– Barriers to entry
– Changes in his cost of capital
– Cost of debt and deciding how much to put into a building
– A look at the competition
– Effective marketing strategies
– How demographics impact their strategies
– The co-living space
– Cloud kitchens and how he would invest in these
– How autonomous vehicles will impact real estate
– Pros and cons of developing new properties vs buying existing ones
– Early stage investing interest
– Favorite business/entrepreneur story
– Advice for younger entrepreneurs
– Kindest thing anyone has done for Keith
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
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