Creative Capital Podcast 330: Our 2024 Acquisition Strategy with Josh Ferrari
Creative Capital
Josh Ferrari
5 • 1.1K Ratings
🗓️ 29 December 2023
⏱️ 36 minutes
🧾️ Download transcript
Summary
This week we are wrapping up the year with a solo episode to share some valuable insights and strategies for 2024. As we close out the year, I wanted to give you all a peek into how we're approaching new acquisitions and our investment focus for the upcoming year.
Wishing you all a happy new year and successful investing in 2024!
Transcript
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| 0:00.0 | You're listening to the Creative Capital Podcast. You're dying to learn about how you can |
| 0:09.3 | create wealth through real estate investing, then you can come to the right place. |
| 0:13.0 | Join in every week as we go over the ends and outs of real estate investing |
| 0:18.0 | and learn how you two can become financially free. |
| 0:21.0 | What's up everybody? financially free. |
| 0:35.4 | What's up everybody? This is Josh Ferrari host of the Creative Capital Podcast and today the guest speaker is none other than your truth. Right, we have no actual guest speaker for today right here at the end of the year. |
| 0:40.4 | We will have some great new guest speakers coming in as we approach the new year, but right here the last day of the year I thought I'd but in a little bit. I know you guys are probably tired of hearing from me, right? But I thought I'd butt in and give you some insight into how we are actually |
| 0:57.2 | approaching new acquisitions in 2024. So what is the strategy? What's the plan? What's the outlook? You know, world has |
| 1:10.4 | changed. The market has changed pretty significantly in the last 18 months. |
| 1:16.6 | So where do we see ourselves going? We're going to talk about some data points. We're |
| 1:21.1 | talking about why we're targeting what we're targeting. We're talking about what we're targeting and try to just give you some insight into what we're specifically going to be doing in 2024 so that you can take some of the data and the stuff that we talk about today and try to make a determination on whether or not you think you'll be trying to do the same thing. |
| 1:39.0 | So jumping, jumping in, starting us off here, if I'm being completely and totally honest with you |
| 1:45.7 | we are probably not looking to target new multifamily acquisition specifically in |
| 1:52.0 | 2024 now I'm not saying that's because acquisition specifically in 2024. |
| 1:53.3 | Now I'm not saying that's because multi-family is not a good asset class |
| 1:56.8 | to invest. |
| 1:58.0 | I'm also not saying that because we don't want to buy multifamily. |
| 2:02.5 | None of that would be true. |
| 2:03.8 | The reason is, is because our portfolio right now, |
| 2:08.3 | our level of diversification is not very much so, right? We have about 874 units right now of multifamily and then another |
| 2:17.2 | 106 pad RV park deal. So we're weighing significantly heavily towards the multifamily sector. |
| 2:26.2 | So due to simple desire to want to diversify, we're focusing a little bit more |
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