In this episode, Jake Harris talks about investing in distressed real estate. He digs into principles he uses to identify distressed real estate opportunities, and mistakes that new distressed real estate investors make. Jake shares his experience as an investor and how we can learn from his experience to be a better and informed investor.

 

 

[00:01 - 07:52] Distressed Real Estate Opportunities

Jake shares about his background and how he got into real estate

When investing in distressed real estate, there are many pitfalls to consider 

New investors in distressed real estate should prepare for things before they happen 

 

[07:53 - 23:37] Catching Knives and Learning from Mistakes

Do your homework and research to understand the value of an asset

It's a team sport; assemble your "dream team" of people with different skillsets 

Understand fundamentals of the market and consumer confidence

 

[23:38 - 32:23] Avoiding Mistakes and Utilizing Due Diligence                                                                                                

Cash flowing assets are a good way to mitigate any market correction or dip in the future

Low interest rate debt can be an asset

When investing in distress real estate always do due diligence

 

[32:23 - 39:35] Closing Segment

Quick break for our sponsors

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What is the best investment you've ever made other than your education?

People who help him in his business

Jake Harris’s worst investments 

Limiting beliefs 

What is the most important lesson you’ve learned in business and investing?

embracing your unlimited nature

 

 

Connect with Jake Harris:

Website: https://www.catchknives.com/

 

 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

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Tweetable Quotes:

“Embrace your unlimited nature and you can do impossible things.” - Jake Harris