RG 285 - People, Deals, and Risks: What Every Private Investor Needs to Know – w/ Michael Episcope

Managing risks is always going to be one of the toughest parts of real estate investing. Thankfully, we have risk management and value creation expert Michael Episcope with us today to shed some light on how you can prevent all of your cards from toppling over. Michael Episcope is the Principal and Co-Founder of Origin Investments, a private equity real estate firm that serves high net worth individuals, family offices, and wealth management firms. With his co-founder David Scherer, he created Origin to provide the same caliber of service, terms, and results that were exclusive to only large institutions before. To date, Origin has over $600 million in assets under management and works with more than 400 investment partners. Michael, David, and their team found a way to scale in the individual market and created a wonderful product out of it. In this episode, we talk about how Origin came to be since its birth in 2007; the hits and misses Michael and David came across; how they applied their risk management skills in investing; as well as how they are managing their deals in the middle of a frothy COVID market, among many other interesting touchpoints. KEY TAKEAWAYS 1. You are going to make mistakes, but you have to fall forward. 2. The things that you don’t do are equally important as the things you do. 3. The people that you decide to work with can influence your success in the long run. 4. When the fundamentals don’t make sense, walk away. 5. Bet on people, not deals. Everything revolves around the people. 6. Don’t cross-collateralize. LINKS https://origininvestments.com/ https://www.linkedin.com/in/michaelepiscope/ Want to invest in my deals? - Click Here to Find out More! reedgoossens.com/investment-portfolio/