35 min listen
JF3391: Why I Sold My Entire Portfolio: Balancing Cash Flow, Equity, and Legacy ft. Bill Ham
JF3391: Why I Sold My Entire Portfolio: Balancing Cash Flow, Equity, and Legacy ft. Bill Ham
ratings:
Length:
36 minutes
Released:
Dec 17, 2023
Format:
Podcast episode
Description
Bill Ham, founder of Real Estate Raw and previous owner of over 1,000 multifamily units, shares his wisdom on gauging market cycles, the importance of cash flow and net worth, and why he chose to sell his entire real estate portfolio. Key Takeaways: Cash Flow vs. Equity: Bill emphasizes the importance of balancing cash flow and equity in your commercial real estate investments. He aptly states, "Cash flow gets you out of a job, but equity keeps you there." This insightful perspective highlights the need to consider both short-term profitability and long-term wealth-building when making investment decisions. Legacy Wealth and Business: Bill challenges the notion of leaving behind individual assets as a legacy. Instead, he suggests focusing on leaving a legacy of education, business models, and systems, emphasizing that individual assets may not always be the best gift to pass on to the next generation. Getting Started: Bill's best advice for aspiring commercial real estate investors is simple: get started. He encourages listeners to acquire an education, analyze deals, and network within the industry. Bill dispels the myth that real estate investing is only for a select few, emphasizing that anyone can succeed in the business with the right knowledge and determination. Bill Ham | Real Estate Background Real Estate Raw Portfolio: Nothing - sold everything in 2022 Based in: Atlanta, GA Say hi to him at: realestateraw.com Best Ever Book: Creative Cash by Bill Ham Greatest Lesson: Get an education and get started. It's always the right time to buy real estate. Check out Bill’s previous episode: 2449 - Master Seller Financing, Leasing and Creative Financing Sponsors BV Captial BAM Capital
Released:
Dec 17, 2023
Format:
Podcast episode
Titles in the series (100)
JF 10: Ignore the Crazy Talk and Follow Your Vision: Lisa Phillips buys homes for 30k or less. Thats her model and despite all the people who said she was crazy buying at that price point in suspect neighborhoods, she followed her vision and continues to reap the rewards. by Best Real Estate Investing Advice Ever