The Multifamily Real Estate Experiment Podcast
“Multifamily Real Estate Investing for the Career Professional.” Join Shelon "Hutch The Marine Investor" Hutchinson who talks to military veterans and real estate professionals about the results of their journey and multifamily real estate experiments. Each week, Hutch discusses Multifamily Real Estate Investing for Career Professionals and military veterans to help you build wealth and financial independence. Questions about Multifamily real estate investing are systematically dissected as your host works through observations and data to answer the week's question.
The Multifamily Real Estate Experiment Podcast
MFREE 127 Trailer # 1 with Will Harvey: Can the Right Buy Protect You From the Wrong Market?
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“You make money when you buy, not when you sell.” 💰
In this episode, Hutch asks Will Harvey III about the quote or mantra that guides the way he makes decisions in real estate.
Will’s answer points to one of the most important lessons in investing: the price you pay matters.
When you buy with discipline, you create a margin of safety. That margin can help protect you when the market shifts, repair costs run higher than expected, contractors miss the mark, or the deal does not go exactly according to plan. 🧠
Will shares that even during his house-flipping days, the main focus was buying right. They made mistakes in other areas, but because they stayed disciplined on the purchase, they were able to protect the deal.
That is a leadership lesson too. You do not win by chasing every opportunity. You win by making clear decisions before pressure shows up.
Disciplined investors protect the downside first, then let the upside take care of itself. 🎯
#RealEstateInvesting #InvestorMindset #PassiveInvesting
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hutch@hsquaredcapital.com
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before we get into the meat and potatoes of the podcast, do you have a favorite, realistic quote or mantra to drive the way you make decisions in real estate?
SpeakerYou make money when you buy, not when you sell. Okay. That's been ingrained in my head for a long time.
Speaker 2Sounds like a simple concept, but explain.
SpeakerSo your basis that you buy something for is absolutely the biggest weapon against mitigating risk against, market uncertainty against really anything that can come up. The better you buy something and this goes back to, Warren Buffet and value investor guys like him. just the better that you can buy something. The cheaper price you can pay, if you can buy a dollar for 50 cents, it's okay if that dollar ends up going down in value to 80 cents.'Cause you're still gonna do okay, you're still gonna make money. But if you're overpaying for something or you're paying near what it's worth today, then you don't have that margin of safety built in. That's why I always, I don't flip houses anymore, but when I did, me and my partner, we, focused heavily on just buying it, right? And, we only had one instance. we broke even on a deal, and that was our worst one. And I attribute everything to, just being very disciplined on the buy. We made every mistake in the book that you could make as far as, yeah. Overpaying contractors and, over repairing a property that's in a not great area, but as far as buying, that was something that we just absolutely put all our focus on. And because of it, I think we did, did pretty well,
Speaker 2man. That is pretty cool, man.