WS1521: Why Invest in Multifamily | Tom Burns

Real estate, just like other industries, is facing tumultuous times amid the current economic climate. So, is it still ideal to invest in real estate, specifically in multifamily? In this second part of our three-part series with Tom Burns of Presario Ventures, he answers these questions and more.Rob first talks about his investing journey and the reason why he eventually focussed on the multifamily asset class. He then explains the importance of having a combination of short-term and long-term investments, the future of multifamily, areas that can be a good place to invest, and his predictions in the real estate market over the next six to 12 months. Click the play button now!Key Points From This Episode: Tom shares his investing journey and the reason why he focuses now on multifamily investing.Tom says he worked 18 months for free to learn the ins and outs of the business.The importance of having a mentor.How does Tom look at short-term and long-term investments now?Is multifamily still a good inflation hedge amid the current economic climate?What areas are the best places to build or buy multifamily now?Tom’s predictions in the real estate market over the next six to 12 months.Tom’s advice for beginners who are looking to invest in commercial real estate.Tom elaborates on the power of educating yourself in the business.How does one should asses a deal to invest?How does Tom prepare for a downturn?Transparency and communication play a big role in your real estate business.Tweetables:“Although mistakes are great teachers. Mistakes are awesome teachers. It's a lot more fun to learn from somebody else's mistake, it hurts a lot less.”“It's (having a coach) always an investment that pays multiple times the investment that you make. It's not a cost. It's an investment. And so I've had so many mentors, some of them unofficial,After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/