Finance Bites™ | Real Estate
The Purpose-Driven Real Estate Investor
Has the means become your mission?
Is your real estate investment still serving its purpose?
Real estate investors: Sell or hold?
Wally Smith: Mike, let’s talk about cap rates. Can you describe in layman’s terms what is it cap rate? Mike Jones: It took me a couple years…
Wally Smith: That’s what you said. How many deals have you guys done total? Patrick Lam: Total since inception, we’re probably at our 21st deal altogether now.…
Wally Smith: Mike, can you talk through your due diligence process just a little bit? So when my clients ask me, how do we know this is…
Wally Smith: And so Mike, where do you find properties? Where do you start? How do you source them? Mike Jones: Yeah. We look nationwide and we…
Wally Smith: That’s nice. That’s excellent. Mike, you mentioned you’ve been in the healthcare industry for 10 years or so. We’re talking here mostly about senior living…
Wally Smith: Getting into the structure of some of the deals, you offer both all-cash and leverage deals. I know in the past, it has flip flopped.…
Wally Smith: COVID. COVID shocked everybody’s system. How did it affect you guys? Patrick Lam: I think the biggest misconception about COVID was the fact that it…
Wally Smith: So with the DSTs for a lot of our viewers, they don’t know how that works. You have a master lease arrangement, and the master…
Wally Smith: Very good. Well, this sounds like a lot of depth definitely in this sector and obviously in the industry as a whole. You guys, you’ve…
Wally Smith: It’s been a few months since we’ve had you guys on. Why don’t we start from scratch? And Patrick, Mike, why don’t you introduce yourselves…
Learning Video: 1031 Exchange and DST
