Chapter
The Benefits of Owning Real Estate
09:05 - 13:49 (04:43)
The speaker believes that owning real estate is a smart investment as long as it's in a good location and taken care of, because time and inflation are real estate's best friends and it's not as easy to sell as a stock.
Clips
After being treated rudely by a broker during a building tour, Gelt founders Keith Wasserman and Damien Langholz turned it around and ended up buying the building, with the broker eventually becoming a trusted friend and investor of theirs.
09:05 - 10:14 (01:09)
Summary
After being treated rudely by a broker during a building tour, Gelt founders Keith Wasserman and Damien Langholz turned it around and ended up buying the building, with the broker eventually becoming a trusted friend and investor of theirs.
ChapterThe Benefits of Owning Real Estate
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
Real estate investor discusses a deal where they invested $1 million in renovations, sold it a few years later for $27 million, and then the property resold a few years later for $45 million.
10:14 - 11:17 (01:03)
Summary
Real estate investor discusses a deal where they invested $1 million in renovations, sold it a few years later for $27 million, and then the property resold a few years later for $45 million. He also shares the adage that if you have a good property in a good location, it is best to refinance and never sell.
ChapterThe Benefits of Owning Real Estate
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
The speaker discusses the basics of real estate investment and the difference between owning a personal property and being a real estate investor.
11:17 - 13:49 (02:31)
Summary
The speaker discusses the basics of real estate investment and the difference between owning a personal property and being a real estate investor.