Most investors chase the next deal. Ryan Cadwell, Managing Partner at Resolute RDM, argues that disciplined underwriting, asset management, and knowing when to walk away build lasting real estate wealth. He shares how to pressure-test pro forma projections, read exit cap rate assumptions, and evaluate operators before committing capital.
Listen to the podcast here or on your favorite podcast app:
Watch the Episode:
Main Points:
- Question the pro forma. Treat IRR presentations as marketing, not guarantees.
- Test exit cap rate assumptions against 10-, 15-, and 20-year historical averages.
- Evaluate the operator first. Ask whether they can deliver before you look at the property.
- Separate your emotions from the numbers. Let opportunity cost and cost of capital drive go/no-go decisions.
- Shift from deal hunter to asset manager. Define your capital goal, delegate day-to-day tasks, and track tax impact.
Connect with Ryan Cadwell:
- ryan@resoluterdm.com
- https://resoluterdm.com/
- https://www.linkedin.com/in/ryancadwell/
- https://www.facebook.com/ResoluteRDM
- https://www.instagram.com/resoluterdm/