Invest Like The Best
Episode 120 Real Estate Investing
Invest Like The Best

Episode 120: Real Estate Investing

Invest Like The Best

Episode 120

Real Estate Investing

Keith is co-founder of the real estate investment firm Gelt. We cover the pros and cons of different types of real estate, tax and depreciation strategies, and interesting new opportunities in real estate investing.

[00:00:00] – (First Question) – Their interest in apartments and mobile homes as investments

[00:01:29] – The returns spectrum for different classes of real estate

[00:03:01] – His early entrepreneurial ventures and the start of Gelt

[00:06:42] – Don’t be afraid of negotiating

[00:07:30] – Going through early deals in real estate

[00:10:54] – How he determines when it’s time to sell a property

[00:13:10] – How do they think about taxes in their investment offerings

[00:15:54] – Depreciation strategies in real estate investing

[00:17:24] – The evolution of the types of real estate properties they’ve invested in

[00:20:38] – Most important factors when evaluating a building to invest in

[00:22:47] – Barriers to entry

[00:24:38] – Changes in his cost of capital

[00:27:47] – Cost of debt and deciding how much to put into a building

[00:29:29] – A look at the competition

[00:33:48] – Effective marketing strategies

[00:36:04] – How demographics impact their strategies

[00:38:08] – The co-living space

[00:39:30] – Cloud kitchens and how he would invest in these

[00:45:07] – How autonomous vehicles will impact real estate

[00:46:49] – Pros and cons of developing new properties vs buying existing ones

[00:48:56] – Early-stage investing interest

[00:52:45] – Favorite business/entrepreneur story

[00:54:06] – Advice for younger entrepreneurs

[00:56:08] – Kindest thing anyone has done for Keith

Real Estate Investing

Introduction

Patrick
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 versus reward, tax protection, and the most interesting emerging areas. You can tell Keith is an entrepreneur at heart. So I enjoyed his energy and all that he has learned. Please enjoy.

Maybe we could begin with a sort of taxonomy of this world. So I know that Gelt specializes in apartments and mobile homes. We'll talk a lot about that in some detail, but maybe you could begin by describing why those two were attractive and kind of where those sit in an overall grouping or lineup of potential types of real estate investor.

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