Chad Sutton welcomes back entrepreneur and real estate investor Reid Goossens to discuss multi-family real estate investing, life with a new baby, navigating the current market conditions, and strategies for success. With his background in real estate, Reid shares his insights on striking a balance between family, business, and health. They also dive into the impact of the Federal Reserve's decision to raise interest rates over the past year and how these changes are affecting the multifamily space. Whether you’re an experienced investor or just starting in the real estate world, tune in for this valuable conversation that will help move your business forward!
In 2012, Reed quit his job in Australia and moved halfway across the globe to the US to change his life, and chase a dream. With limited funds, no investing experience, and no credit, Reed went from purchasing a small duplex to growing his real estate investment firm, SN Property Group. Reed now syndicates large multi-million dollar deals across the U.S.: he has now achieved financial freedom and taken control of his life.
Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL!
[00:00 - 05:43] Opening Segment
Welcoming Reed back to the show
[05:44 - 12:05] Finding Balance in Life
Having a balance between family, business, and health is key
Americans are often raised to work to live rather than live to work
Entrepreneurs should not be afraid to take time off and test their systems and processes
Hire enough people and put systems processes and people in place to replace you out of the business
[12:06 - 23:46] Inflationary Pressure Causes Standstill in Multifamily Space, Fed Quadruples Interest Rates in 12 Months
Global inflation is causing pressure on people's pockets and the cost of living is going up
Central banks are trying to control inflation by raising interest rates
Cash Flow problems due to rising interest rates faster than business plans can be implemented
Midterm elections are also causing historically slow market movements
Increased interest rates are having pain on the single-family housing market
[23:47 - 29:27] How to Make Decisions and Find Buying Opportunities
Arbitrage between what is paid for a property and the interest rate
Cap rates will follow interest rates
Expectations for rent growth may be reduced
Focus on adding value to an asset
Hard money has gone out the window in competitive markets
Fed will have to reduce interest rates to prevent inflation
Recession is short-term and will pass
[29:27 - 36:00] The Quattro Trio
What is your superpower?
Biggest mistake and lesson learned
Standing in my true value sooner
Links and podcast
See the links below
“As you start getting some success and the business starts making money, do you decide to hoard those like a chipmunk to an acorn, or do you go and reinvest in good talent and the business?” - Reed Goossens
Connect with Reed Goossens through LinkedIn, or visit http://www.reedgoossens.com. Check out his podcast, Investing in the U.S.
LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.
Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.