I'm happy to have Dr. Kevin Mailo back on the show to discuss what he's learned from investing in real estate (RE) over the last 15 years. We talk about winners and laggards in the portfolio, property managers, challenges with direct ownership in RE, the importance of due diligence in private equity, & how critical it is to understand your "why" in investing.
Physician Empowerment's Toronto conference occurs May 25-26 this year and you can save $100 using the discount code YATIN24 at: https://www.physempowerment.ca/live
Discussion Points:
- Kevin's reflections on his RE investing journey so far (4:09)
- Property managers and cognitive overload (8:55)
- Letting go of (challenging) properties & learnings (10:30)
- Kevin's RE portfolio (13:06)
- Characteristics of good RE investments in the portfolio, investing in Alberta (14:42)
- Properties that haven't worked out, details on preconstruction condos (17:10)
- Advice for those starting RE investing today (23:05)
- Reflecting on how many properties to hold for retirement (27:10)
- How does private equity investing work? (29:55)
- Private equity and due diligence (33:34)
- Private equity investment timelines & return types (36:68)
- Public vs Private investment breakdown/rules of thumb (39:15)
- Public REITs (40:08)
- Goals for the next few decades (40:59)
Links:
Yatin's Links:
Kevin's Links: