REI154: Carwashes are Cash Cows w/ Dan Handford
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 26 December 2022
⏱️ 65 minutes
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Summary
Transcript
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| 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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