Everything that will happen in the next six to twelve months is unprecedented but can definitely be speculated based on facts and can be prepared for to lessen the intensity of it being unpredictable. Today’s guest, Andrew Rosenberg, explains to us what he expects to happen in the next six to twelve months and everything he’s doing to prepare for it.
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Planning for the worst, being prepared for the worst, and hoping for the best are the three things we might consider moving forward. In this episode, Andrew also talks about the things he might consider as a deal breakers for every transaction he does. Also, find out why sticking to better operators as early as now helps you ace the next months so tune in now!
Key Points From This Episode:
- Andrew shares what is a deal breaker in every transaction.
- What to not invest with: a business plan that doesn’t have a high degree of succeeding because they don’t have the right skill.
- Andrew’s mentors and the people providing him guidance.
- Andrew talks about what he thinks is going to happen in the next 12 months.
- Why has it’s never been more important to pick the better operators?
- What are some of the most important metrics Andrew keeps track of?
“When you’re looking at investments, if you get the sense if something goes wrong, do they have the skill set and resources to pivot? If you can’t answer that question, it’s not a good deal.”
“If things go wrong and you’re with an unethical operator, you’re gonna be left hold in the bag.”
“I’m just saying you better be buying really good deals with really good operators. This is not an excuse to have money sitting in the bank.”
“There’s value, there’s an opportunity, sadly, in chaos. The greatest wealth is made during bad times.”
“It’s never been more important to pick the better operators. Markets can go down, but a better operator’s gonna find good ways to reduce expenses. Bad operators are gonna do things to reduce expenses that cause tenants to leave. And all of a sudden, problems compound.”
“I just genuinely like helping people. It’s my currency. Money’s nice, but I really prefer meaningful relationships.”
About Andrew Rosenberg
Andrew Rosenberg is a passive investor who works full-time for his family business, Ralph Rosenberg Court Reporters. He first became “hooked” on investments after buying his first stock at age 13. Today, Andrew is an LP of 3,400 units, along with small investments in office, farmland, and ATM syndications.
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