real estate

“If you want to generate income, you should invest typically in public equities, which is like seven and a half, eight percent a year. You should not invest in a home unless it is cash flowing.”

“Over time, what happens is those arbitrage opportunities or the difficulty of doing something decreases, which means the return typically decreases too. And so this has happened in stocks. It's happened in real estate. It will happen in crypto, but I think we'…”

“If you're a GP like me and you're actually buying real estate and trying to make it more valuable and running it and answering the phones and collecting money from tenants, It's a business. It is a small business. There's people, there's management, there's hi…”

“When things turn around, there'll be half as many competitors. As there are right now, because over the last five years, everybody who has bought assets, no matter how well, how good of a job they do managing them has made money.”

“Sweat equity means almost nothing in real estate, in my opinion. The people with the cash call the shots.”

“But if you're starting with nothing, and you're trying to get, get somewhere and build wealth, I don't personally think that real estate's the best way. So I would agree with you like, wait till you have some money, then think about how to put that money to wo…”

“Real estate is where you meet the dumbest rich people. And I feel like that is kind of a truth. Like the, it's a grind type business. And if you can just show up and be like very studious with it, like you can make money there in my opinion”

“So the good news about newsletters is people know what a subscriber is worth, and people who buy newsletters know what a subscriber is worth, so you can sell it relatively quickly. It's almost like real estate, right? Like, of course, you can sell real estate …”