Market cycles play a crucial role in the success of real estate investors. In the latest episode of the Real Estate Investor MBA podcast hosted by Tejas Gosai, guest Dr. Tom Burns shares his expertise on navigating market cycles and challenges.
Dr. Tom brings a unique perspective to the conversation, having transitioned from medicine to real estate. He shares his experiences and insights gained from successfully navigating challenges such as the 2008 financial crisis and the ongoing COVID-19 pandemic.
One of the key topics discussed is the current market undersupply. Dr. Tom dives into the reasons behind this supply shortage and explains why it’s important for investors to understand this dynamic.
Additionally, Dr. Tom shares his criteria for property acquisition, highlighting the key factors he considers before making a purchase. His insights in this area will be invaluable to both new and experienced investors looking to make smart investment decisions.
Throughout the conversation, Dr. Tom emphasizes the importance of education and networking for new investors. He shares the resources and strategies he used to expand his knowledge and build a network of like-minded professionals.
Don’t miss this insightful episode filled with valuable information and practical strategies for navigating market cycles and challenges. Listen now, share with fellow investors, and make sure to subscribe to the Real Estate Investor MBA podcast for more valuable insights on real estate investment.
💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
- Dr. Tom’s journey from a career in sports medicine and orthopedic surgery to becoming a successful real estate investor
- Real estate cycles and challenges in the real estate market
- Initial foray into real estate in the late 1980s and learning from mistakes and successes
- Transition from investing in smaller properties to taking on larger projects
- Shift towards the development side of the multifamily real estate market
- Regulatory aspects of raising capital from investors
- Navigating through the uncertainties in the market during the COVID-19 pandemic
- Transition from development to acquisitions
- Significant undersupply in the real estate market
- Criteria for acquisitions and strategic approach to selecting properties
