RG 331 - Building Generational Wealth Through Large Multifamily Assets w/ David Robinson
About a month ago, David Robinson invited us to his podcast, The Lead Sponsor. Today, David is on the other side of the table and tells us how he built his 18-year-old business from scratch.\n\nDavid Robinson is the CEO and Founder of Canovo Capital, a multifamily real estate investment firm that helps investors build passive income through multifamily assets. David has participated in over $400 million worth of acquisitions, sales, and brokerage throughout his career.\n\nDavid pivoted to multifamily with the goal of solving a problem for investors who want to build generational wealth. In this episode, we delve into how David built his business from scratch, including finding operators and partners. David also shares what he sees in the appetite for small multifamily, the shifts in demand throughout the years, the challenges he helps his investors solve, and more.\n\nWith his two decades\u2019 worth of experience, David is one of the best people to ask about what we can expect with a recession looming. If you want to learn more about buyer and seller behavior expectations amidst a recession and how to play your cards right amidst it all, join us on this week\u2019s episode.\n\nKEY TAKEAWAYS\n1. Partnering with great operators can be very beneficial in building your business.\n2. When you\u2019re not getting enough return on equity, you can sell, refinance, or sit tight and enjoy what you have.\n3. Some investors are still placing equity that they feel is recession-resistant instead of holding their reserves back.\n4. It takes to really get to know an operator, including their track record, values, weakness, strengths, etc.\n5. Take the time to know whom you\u2019re investing with.\n\nLINKS\nhttps://www.canovocapital.com/\nhttps://www.linkedin.com/in/davidtheonrobinson/\nhttps://podcasts.apple.com/us/podcast/the-lead-sponsor-podcast-real-estate-syndication/id1464256464\n\nINVESTMENT OPPORTUNITIES\nWant to invest alongside Reed? All investments are 100% PASSIVE. Historical returns to accredited investors have ranged 18-31% annualized! To find out more, head on over to\u2026 \nwww.reedgoossens.com