In this episode, host Allen Lomax and guest Jerry Miller discuss Warren Buffett’s quote about being fearful when others are greedy and greedy when others are fearful. They explore how this quote applies to the current real estate market and provide insights on investing in different asset classes. Jerry shares his experience in land development and explains the concept of the capital stack. They also discuss the importance of evaluating risk and return when deciding on the right investment for each individual investor.
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Main Points:
- Evaluate deals on an individual basis rather than following the herd mentality.
- Understand the specific market, asset class, and asset strategy when assessing real estate investments.
- Consider the balance between cash flow and appreciation when investing in syndications.
- Diversify your investment portfolio and consider how each investment fits into your overall strategy.
- Be aware of data manipulation and look at long-term trends rather than single data points.
- Land development can offer opportunities for attractive returns due to the housing shortage.
- The capital stack refers to the full amount of money required for a real estate deal, including debt and equity sources.
- Different types of land development projects, such as entry-level housing and high-end custom homes, offer varying levels of risk and return.
- Investors should consider their risk tolerance, investment horizon, and overall financial goals when deciding on the right investment for them.
Connect with Jerry Miller:
- jerry@largogroup2011.com
- largogroup2011.com
- https://www.facebook.com/largogroup2011
- https://www.instagram.com/jerrymillerrealestate/
- https://www.linkedin.com/in/jerry-miller-948b7a17/