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Always Be Building
The Always Be Building Podcast explores business, entrepreneurship, markets, and current events with insightful commentary and engaging conversations. Whether it's building a company, expanding your knowledge, or creating a better life, we’re all building something.
Hosted by entrepreneur Max Gagliardi—who has founded companies across Energy, Real Estate, Tech, Hospitality, and Media—the show brings unique perspectives on the forces shaping our world.
Originally launched as Talk Energy, the podcast ran for 160 episodes focused on the energy sector before evolving into Always Be Building. New episodes drop weekly.
Always Be Building
#217: Luminus Capital - Karl Graham
This episode's guest is Karl Graham, co-founder and principal at Luminus Capital, an investment firm specializing in self-storage and industrial real estate. Karl is also a small business entrepreneur that has founded various start-ups.
This episode we discuss Karl's journey from a geologist in the oil and gas industry to building a thriving real estate business. We talk about his strategies for identifying value-added opportunities and his data-driven investment approach.
Episode flow:
- Transitioning from geology to real estate
- Self-storage investments
- Future Opportunities in Real Estate
- Operational leverage and market trends
- SMB Build vs Buy
- Partnerships and creating long-term value
Connect with Karl Graham:
- Luminus Capital Website: https://luminuscapital.com)
- Karl's Twitter: https://twitter.com/Karl_Luminus
Hope you Enjoy the show!
Timestamps:
00:00:00 - Intro
00:01:52 - Karl's Background and Journey into Real Estate
00:03:43 - Transition from Oil and Gas to Real Estate
00:07:24 - Challenges and Opportunities in Starting a Real Estate Business
00:13:13 - Utilizing Global Talent and Sacrifices in Starting a Business
00:16:45 - Strategy for Self Storage
00:20:12 - Capital and Risk in Business
00:23:14 - Advantages of Real Estate Investment
00:26:01 - Debt Management in Business
00:33:13 - Future Plans in Real Estate
00:35:29 - Exploration and Expansion in Business
00:40:46 - Initial Business Ventures
00:43:54 - Challenges with Google Business Profiles
00:46:43 - Reflections on Business Failure
00:48:11 - Starting a Business vs Buying a Business
00:51:31 - Starting a Fencing Business
00:55:52 - Marketing Strategies for Fencing Business