[1:04] What is it that the wealthy are doing that is setting them apart
-They surround themselves with the best in the world
-They are extremely good at one thing
-They critically analyze investments
[3:16] How to critically analyze an investment
-Who are they key players in the industry?
-Own the key details
-Cheap and good aren’t always congruent in investment
-“Don’t oversell yourself on any deal. Be emotionally unbiased with your investments” – Samson Jagoras
-Learn how to understand the key numbers in a business.
[5:30] Samson shares how he and his team identify multi-family complexes to buy
-Employment growth and income growth will ultimately determine how full your complex will be.
-Pay attention to inventory on the market at any given time.
-He looks for opportunities to improve management and operations, not necessarily a specific property.
[7:48] Samson shares one of the deals he just made
-This company was operating at suboptimal rates and his team stepped in to fix these operations.
[9:46] What would make you want to invest in real estate over investing in a new business?
-It comes down to horizontal streams of income
-Multi-family units maximize on all of the tax benefits available to both a business and a real estate investment.
-“Don’t just hop in and expect that your success will translate from one industry to another” – Samson Jagoras
[11:29] Samson shares the story of having to cut his pay
-He remembers telling himself never again
-Invest horizontally not vertically. Lay the foundation of your wealth.
[13:18] Josh shares the risks for investing in only one industry
[13:52] The new course for investing in multi-family complexes
-“When we are uncertain, we are programmed to retreat” – Samson Jagoras
-This program is meant to educate you and help you feel certain with which investments will be the best for you.
[18:11] Samson’s parting piece of guidance
-Every dollar I make now is future time earned