Insider Secrets 44 with Dan Handford

<p><strong>Standout Quotes:</strong></p> <p><span style="font-weight: 400;">"People ask me all the time, how come you like Real Estate so much? why are you so excited about it? That's why, because there's so much to learn" - [Mike]</span></p> <p><span style="font-weight: 400;">"Our goal with our company is not just to do one or two deals and go away, our goal is to have you invest in multiple investments with us and over multiple decades so we can continue to grow your wealth alongside our wealth" - [Dan]</span></p> <p><span style="font-weight: 400;">"The people who know how to pivot and move faster are the ones that actually survive, and the ones that curl up in a fetal position and do nothing are the ones that are actually going to get caught with their pants down later on" - [Dan]</span></p> <p><span style="font-weight: 400;">"One thing I've always learned is that no matter where the Cap rates are, I've been able to make money...   if you know how to work the market...you're going to make money" - [Mike]</span></p> <p><span style="font-weight: 400;">"If you can't measure something, then there's no way you will be able to manage it" - [Dan]</span></p> <p><strong>Key Takeaways:</strong></p> <p><span style="font-weight: 400;">- In one word, Dan describes himself personally and professionally as a Delegator.</span></p> <p><span style="font-weight: 400;">- The tax benefit was what brought Dan into Real Estate, realizing that investing cash flow into Real Estate creates an opportunity to keep more income and grow family wealth.</span></p> <p><span style="font-weight: 400;">- Dan shares that the goal of his company is to grow the wealth of investors over multiple decades alongside his wealth.</span></p> <p><span style="font-weight: 400;">- Dan's process for making tough decisions: Assess the situation, figure out what the parameters are, and then have a discussion with the other partners in the group.</span></p> <p><span style="font-weight: 400;">- Major factors to consider in investment include the 'Stabilization pe