Fear can hold people back from making investments in real estate. And analysis paralysis is a common problem for many investors who have difficulty moving forward with their first deal. In today’s episode, guest Jason Baik shares how you can overcome this and his insights on the importance of leveraging analytical skills in real estate investing and the importance of understanding underwriting and the numbers behind real estate.
He also teaches us how to provide practical and realistic resources for aspiring investors and explains to us the definition of primary, secondary, and tertiary markets. Tune in now and find out the key metrics they look for when analyzing a market so you can enjoy having time and financial freedom according to your will!
Key Points From This Episode:
Tweetables:
“I decided to create a product that shows you a more behind-the-scenes look at multifamily as a business, about real benchmarks and real assumptions, and tough calls that you have to make.” - Jason Baik
“I tell people a lot of times to focus on the operator, especially if you tend to be working with successful people who have made money in some other industry.” - Jason Baik
“If you're choosing a market, as a small investor, if you're just beginning if you just have a small team, you need to find a price differential, more than you need to focus on macro metrics.” - Jason Baik
“You can't compete on price when you're competing with the BlackRocks and the Blackstones.” - Jason Baik
“You can make money in most places, and it's just about finding a market where you personally have some sort of competitive advantage in.” - Jason Baik
“You develop some sort
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