Starting with a top-down approach and asking what you want your life to look like can help you make better decisions. In this episode with Kimberly Hawkins, she shares her criteria for choosing an asset class, and why she opted for multi-tenant industrial over multifamily investing. She told us the story of why and how she moved from academia to entrepreneurship in the real estate industry.

Kim makes us understand multi-tenant industrial and neighborhood retail investing, the math behind it, and teaches us how to get started in the industry. Listen in and learn how to dissect your investment plan and take the right action. Tune in too for an extra tip on why you should include your kids in the business. Hit the play button now!

Key Points from This Episode:

• Kim shares her background and what got her into iron peak properties. 
• What type of real estate does Kim love?
• Why was the Rich Dad Poor Dad book revolutionary to Kim?
• Kim talks about how she got into the industrial space.
• The first property that Kim brought and how she started with it.
• Understanding the cap rate and cash on cash.
• What is life insurance and how much money does that distribution costs?
• Kim’s purpose when syndicating.
• The importance of involving your kids in the business.

Tweetables:

“After I got financial freedom, then I realized I want even more freedom. I want freedom of time. I want freedom to work on what I want, and I want to work with the people I want to work with..” – Kimberly Hopkins

“I believe that life is all about concepts and pattern recognition, and solving problems and solving problems.” – Kimberly Hopkins

“Every time you get a new Office tenant, they want the walls rearranged. They want the new floor, the drop ceilings, the creative office space, now they want individual offices, it's very expensive and time-consuming. So that opportunity cost is a lot you know, and then we at the time, we didn't really want retail either for similar reasons. So that left us with industrial and we knew we wanted multiple tenants that's multi-tenant industrial.” – Kimberly Hopkins

“In retrospect, I realized that that was exactly what you want. In a property manager, you want a property manager who thinks of the property as his own, and just wants you to let him do his work or her work.” – Kimberly Hopkins

“As the market has changed, and as we all know, it's been really hard to buy deals lately. But by some stroke of luck or something, we've actually stayed pretty consistent with that entrance cap rate.” – Kimberly Hopkins

Links Mentioned

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