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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI154: Carwashes are Cash Cows w/ Dan Handford

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 26 December 2022

⏱️ 65 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 03:13 - The current market environment and emerging trends for 2023. 03:51 - How rising interest rates are affecting the industry. 13:16 - Red flags to look for as a limited partner in a syndication. 27:35 - What he views as the most stable asset class to own in a downturn. 33:38 - How to think about asset allocation. 50:56 - What markets Dan sees as most promising. 01:01:11 - Why you might want to consider attending the Multifamily Investor Nation conference. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Related Episode: Listen to TIP448: A Way to Hedge Inflation? w/ Dan Handford, or watch the video. Related Episode: Listen to REI142: Real Estate Syndications w/ Dan Handford, or watch the video. Multifamily Investor Nation conference. PassiveInvesting.com’s Self-Storage fund. Joe Fairless’ book Best Ever Apartment Syndication. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Website | Instagram | Twitter Connect with Dan: Website | LinkedIn   Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.1

I'm at the airport, you know, getting ready to load on the plane.

0:21.8

And the guy comes out and he's like, hey, do you see that jet over there? I'm like, yeah. He goes, that's a citation 10. He goes, yeah, I can tell that. I know my jets, you know, you can see my jets on the screen up here behind me. I said, I was like, okay. He goes, do you know who owns that? And I was like, well, no.

0:23.7

I don't know people who buy who own these random jets in Columbia, South Carolina. And he goes, oh, that's the guy

0:29.2

who owns the local Franks car washes in town. I was like, you got to be kidding me.

0:36.8

In this week's episode, I talk with Dan Hanford about how the current interest rate environment

0:41.7

and tightening capital markets are impacting the real estate industry, how this new

0:46.8

environment has changed his acquisition strategy, what assets will be most stable in a downturn,

0:52.5

how to do proper due diligence on a syndicator?

0:55.0

What markets he's focused on? What trends he foresees for 2023? And much, much more.

1:01.3

We even get into a fun conversation about car washes and owning jets. Dan Hanford is the managing

1:07.8

partner of passive investing.com, founder of multifamily investor nation,

1:13.3

co-host of the Tough Decisions for Entrepreneurs podcast, and a successful serial entrepreneur.

1:19.7

It's always great to catch up with Dan and get his views on what he's seeing unfold in today's

1:24.9

rapidly changing market. And one quick housekeeping note before we get into today's episode with Dan,

1:31.9

next week is going to be my last week as the full-time host of this show here,

1:37.3

just like we did with millennial investing.

1:39.6

I took a step back as the host and handed it off to Clay Fink,

1:43.7

who has now handed it off to Rebecca.

1:46.5

Next week is going to be my last interview with the Twitter famous Moses Kagan.

1:51.1

And then after that, we will have Casey Miracle, who is going to be hosted by your new host, Patrick Donnelly.

1:57.0

So next week, you will hear my voice here as the host.

...

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