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 # 4 with Will Harvey: Do You Know Your Exit Before You Enter the Deal?
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
In this part of the conversation, Will Harvey III breaks down one of the biggest mistakes he sees newer borrowers and investors make: they do not think clearly enough about their exit strategy.
A lot of people focus on the upside. They think about the profit, the best-case scenario, and how well the deal could go. But Will reminds us that disciplined investors need to spend more time studying the downside. 📉
Because the upside can take care of itself when you buy right, execute well, and stay disciplined.
The real danger is putting yourself in a position where one mistake can damage the whole deal.
Will connects this to a lesson from football: before you can win, you have to learn how not to lose. That means avoiding the mental errors, preparing properly, understanding the numbers, and making sure your analysis is solid before you move. 🏈
Whether it is a flip, rental, multifamily property, or commercial deal, the principle stays the same:
Do the work on the front end.
Know your exit.
Protect the downside.
Do not make yourself lose. 🎯
#InvestorMindset #RealEstateInvesting #WealthBuilding
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Email me at:
hutch@hsquaredcapital.com
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I think what I see the most from newer borrowers when they come to us is that, they don't really think through their exit strategy as clearly as how I would probably want them to, or what I would do if I were in their shoes and. They're more optimistic than they should be. I think as investors we should be way more focused on the downside than the upside. The upside will take care of itself. If you do, if you buy right and you execute well and you do good deals, the upside will take care of itself over time. You might not have a home run every deal, but, As long as you can avoid the big losers, that's definitely something that I would say is important. there's, a Bill Belichick, quote, he's arguably the greatest football coach of all time. And he would say. He would talk to his team and just tell them, in order to win we must first learn not to lose. And that means. Stretching. He we, to put it in football terms, that means, staying hydrated and stretching and not going out to drink the night before so you don't pull a hamstring. If you pull a hamstring, you're hurt for the game. That's gonna hurt the team's chance of winning. And if you jump off sides, those mental errors, Those are the little things that prevent you from winning over time. So it's the little stuff like that, making sure that you're diligent and you're paying attention to all the details. Focusing on, not losing, don't put yourself in a position where you're gonna make yourself lose.