Real estate, just like other industries, is facing tumultuous times amid the current economic climate. So, is it still ideal to invest in real estate, specifically in multifamily? In this second part of our three-part series with Tom Burns of Presario Ventures, he answers these questions and more.
Rob first talks about his investing journey and the reason why he eventually focussed on the multifamily asset class. He then explains the importance of having a combination of short-term and long-term investments, the future of multifamily, areas that can be a good place to invest, and his predictions in the real estate market over the next six to 12 months. Click the play button now!
Key Points From This Episode:
Tweetables:
“Although mistakes are great teachers. Mistakes are awesome teachers. It's a lot more fun to learn from somebody else's mistake, it hurts a lot less.”
“It's (having a coach) always an investment that pays multiple times the investment that you make. It's not a cost. It's an investment. And so I've had so many mentors, some of them unofficial, some official.”
“I think everybody needs to keep their eyes open and not have blinders and always look at other asset classes. Multifamily is one of them that I think the worthwhile thing to look at.”
“Figure out why you're doing all this real estate investing. Have a good reason why you're doing it because times are going to be up and down. You got to want to be able to stay the course.”
“As your education grows, so can your investment and so will your passi
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