Warren Wisdom

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!