JF3391: Why I Sold My Entire Portfolio: Balancing Cash Flow, Equity, and Legacy ft. Bill Ham

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 17 December 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bill Ham, founder of Real Estate Raw and previous owner of over 1,000 multifamily units, shares his wisdom on gauging market cycles, the importance of cash flow and net worth, and why he chose to sell his entire real estate portfolio. Key Takeaways: Cash Flow vs. Equity: Bill emphasizes the importance of balancing cash flow and equity in your commercial real estate investments. He aptly states, "Cash flow gets you out of a job, but equity keeps you there." This insightful perspective highlights the need to consider both short-term profitability and long-term wealth-building when making investment decisions. Legacy Wealth and Business: Bill challenges the notion of leaving behind individual assets as a legacy. Instead, he suggests focusing on leaving a legacy of education, business models, and systems, emphasizing that individual assets may not always be the best gift to pass on to the next generation. Getting Started: Bill's best advice for aspiring commercial real estate investors is simple: get started. He encourages listeners to acquire an education, analyze deals, and network within the industry. Bill dispels the myth that real estate investing is only for a select few, emphasizing that anyone can succeed in the business with the right knowledge and determination. Bill Ham | Real Estate Background Real Estate Raw Portfolio: Nothing - sold everything in 2022 Based in: Atlanta, GA Say hi to him at: realestateraw.com Best Ever Book: Creative Cash by Bill Ham Greatest Lesson: Get an education and get started. It's always the right time to buy real estate. Check out Bill’s previous episode: 2449 - Master Seller Financing, Leasing and Creative Financing Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:56.6	That's Invest Her, H-E-R, Con.com, promo code 100 best ever to get $100 off your ticket.
1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for
1:09.0	informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.5	consider any investment or course of action.
1:18.7	For more information go to Best Ever Show.com.
1:21.8	I always tell everybody the cash flow will get you out of a job,
1:24.7	but equity will keep you there.
1:26.3	If it goes straight dovetail into the question of,
1:30.0	should I buy for cash flow or should I buy for appreciation?
1:33.1	And what I have found is when people ask that question,
1:34.8	or even really entertain that conversation seriously
1:36.9	at all, they don't know what you're talking about.
1:38.4	Welcome to the best ever show,
	...

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