I apologize for the delay in posts! But maybe I was just waiting for something worthwhile
so you get to read something interesting? No that’s not it, I recently got engaged! This means I am completely distracted
and my usual excitement towards rentals turned into excitement about
dresses. Luckily my trusted circle has
gotten me back on track.
One of my favorite people in the investing world is Warren
Buffet. A long time ago my parents took
me and a friend to his conference in Omaha and I have been in awe of his humor since. Maybe it’s because I’m a Nebraskan and find
him relatable but his wisdom is always so simple and clear, don’t invest in
something you know nothing about.
Example “tulip bulbs.” Seriously! Just Google the ponzi scheme on tulip bulbs
and you will find yourself judging people in history who thought tulip bulbs
would make them rich. Regardless, hindsight is always 20/20 and you can’t help but get excited thinking something
as simple as tulip bulbs might get you rich.
Well back to the point, Warren Buffet’s company, Berkshire Hathaway,
recently acquired a new company, Hendricks-Berkadia, formally Hendricks &
Partners.
Now in some of my earlier posts I commented on how you need
a group of people to help you successfully find a property. You would need a management firm, a bank,
accountant and a lawyer to have a successful investment. What if you are too lazy to find all of
this? Well Hendricks Berkadia looks like
a nice solution. They solely focus on
multifamily investment and can cater to any sort of “team” you need. They help fund investments, find, sell,
market and analyze properties. They only
thing I don’t see them doing is the actual management. They are there to help you in the beginning
and end of your investment. I see that
they have an office in San Diego and I think I just might have to stop by. More to come on that experience!
