WS1521: Why Invest in Multifamily | Tom Burns

Published: Dec. 20, 2022, 8 a.m.

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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:\\xa0

  • 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\\u2019s predictions in the real estate market over the next six to 12 months.
  • Tom\\u2019s 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:

\\u201cAlthough 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.\\u201d

\\u201cIt'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, some official.\\u201d

\\u201cI think everybody needs to keep their eyes open and not have blinders and always look at other asset classes. Multifamily is one of them that I think the worthwhile thing to look at.\\u201d

\\u201cFigure out why you're doing all this real estate investing. Have a good reason why you're doing it because times are going to be up and down. You got to want to be able to stay the course.\\u201d

\\u201cAs your education grows, so can your investment and so will your passi

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