09/02/2022
From this video...
Joel Friedland: I once had a professor that taught me an important lesson. He said, if we learn nothing else in his course, to remember this: always take a position on things. Don't be wishy-washy. Even if you're wrong, your willingness to take a position will force you to become more informed on the topic. If you don't take a position, you'll never think things through. While I'm generally a pretty amenable guy, there are instances where I take a firm position and will draw a line in the sand. I unfortunately learned this lesson first-hand. Twelve years ago, I had a partner who was more aggressive than me. He wanted us to continue buying properties using debt and we soon became over-levered. Through this process I learned that having moderate debt (say, 30-50% loan to value instead of 65-80%) is the best way to protect yourself in the event of any unforeseen circumstances, albeit a sudden loss of tenant or economic downturn.
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The Importance of Taking a Position and My Single Strongest Real Estate PositionLearn more about how to invest in industrial real estate here at our website:...