Insider Secrets 41 with Rob Beardsley

<p><strong>Standout Quotes:</strong></p> <p><span style="font-weight: 400;">"Have you been thinking about your intentions and where you want to go?" - [Mike]</span></p> <p><span style="font-weight: 400;">"Being able to harness the power of delayed gratification is one of the keys to success" - [Rob]</span></p> <p><span style="font-weight: 400;">"Network, and don't be afraid to ask questions because the people that want to seem smart and not ask questions, they're just not going to learn" - [Rob]</span></p> <p><span style="font-weight: 400;">"Can you find your courage and go step outside your box, do something different that's going to help forward your business?" - [Mike]</span></p> <p><span style="font-weight: 400;">"Underwriting is, in my opinion, the most important component of any investing because all underwriting is valuation and we need to know and be able to value what we're buying" - [Rob]</span></p> <p><span style="font-weight: 400;">"Move very fast, take a lot of action but do your due diligence slowly, make decisions slowly" - [Rob]</span></p> <p><strong>Key Takeaways:</strong></p> <p><span style="font-weight: 400;">- Multi-family investing places more emphasis on long term wealth and cash flow creation, in contrast to single-family investing, which offers limited ability to build long term wealth.</span></p> <p><span style="font-weight: 400;">- Rob explains the concept of Delayed Gratification as a key to success.</span></p> <p><span style="font-weight: 400;">- While the general misconception is that a huge track record is needed to partner with an institution, there is an institution type partner for different levels of investments.</span></p> <p><span style="font-weight: 400;">- For those who don't have an extremely strong track record, you're most likely going to start at the 'co GP level'.</span></p> <p><span style="font-weight: 400;">- All Underwriting is valuation and we need to be able to value what we're buying.</span></p> <p><span style="font-weight: 400;">- Rob shares that the reason for wr