In this episode, Anash Parayil welcomes Dale Wills, founder of Central Capital, as he shares his real estate journey and the evolution of Centra Companies. Dale discusses surviving the 2008 crash, his passion for improving lives, and insights on the current real estate market, including affordable housing and built-for-rent projects. They explore the impact of COVID, high interest rates, and shifting away from office investments. Dale highlights the importance of mindset during downturns, shares strategies for success, and recovering from bankruptcy. He offers advice for aspiring investors and updates on Centric Capital Partners. The episode wraps up with sponsor acknowledgments and closing remarks.
(0:00) Introduction of Dale Walls, mastermind of Central Capital
(1:06) Dale Walls' background and journey in real estate
(2:14) Evolution of Centra Companies and surviving the 2008 crash
(3:28) Passion for improving everything touched and its impact on people's lives
(5:46) Current state of the real estate market and affordable housing focus
(8:21) Definition and creation of affordable housing
(11:22) Impact of high interest rates and inflation on housing affordability
(14:21) Focus on for-sale housing and built-for-rent projects
(16:25) Effects of COVID on different real estate asset classes
(19:25) Government pressure on office returns and commercial real estate impact
(21:00) Shifting away from office investments due to uncertainties
(23:20) The importance of mindset in finding opportunities during downturns
(25:20) Strategy for success in the 2012-2013 market
(28:39) Key elements of stability in deal-making
(31:45) Learning from the biggest mistake: bankruptcy
(35:50) Recovering and rebuilding after financial setbacks
(38:37) Actionable advice for getting started in real estate
(40:57) What's new with Centric Capital Partners
(42:22) Connecting with Dale Wills on LinkedIn
(43:08) Sponsor: Haildale
(43:30) Closing remarks with Dale Wills
(43:39) Episode wrap-up