Slow Things Down And Control Investments For The Future With Simcha Davidman

Weiss Advice

English - February 08, 2023 12:00 - 27 minutes - 19.1 MB - ★★★★★ - 233 ratings
Investing Business Entrepreneurship advice apartment investing real estate commercial real estate multifamily investing cost segregation cre linkedin real estate investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Balancing Commercial Brokerage And Private Equity With Rav Singh

Next Episode: Taking Advantage Of Opportunities In A Downturn With John Azar

Simcha quit his job and went full-time in multifamily investing in 2019. Since then, he and his investors acquired 5 properties totaling almost $8m, including 108 multifamily units, almost 11k sqft of medical office, and over 15k sqft of industrial/storage space. He's gone full cycle on two deals. His investors received an average IRR of 91.4% and an EM of 2.21 in under 1.5 years. He's currently trying to figure out how to go big or go home, which has a completely new definition compared to what it meant to him just a few years ago

[00:01 - 03:07] Opening Segment

We welcome, Simcha Davidman!Transition from being an attorney to becoming a real estate investor

[03:08 - 20:11] Slow Things Down And Control Investments For The Future

“Parachute Investing” was named as an analogy for helping people who are not educated or confident in dealing with their money“Best Real Estate Investing Advice Ever” by Joe FairlessSkills from professional settings can be applied to real estateUnderwriting needs to be tighter due to higher costs and interest ratesOnly buy if it makes sense and no acquisition feesLarger deals have more impact on society

[20:12 - 27:42] THE FINAL FOUR

What's the worst job that you ever had?Working at a law firmWhat's a book you've read that has given you a paradigm shift?“Thinking in Bets” by Annie DurkeWhat is a skill or talent that you would like to learn?To have more courage in entrepreneurshipWhat does success mean to you?Simcha Davidman says, “It's no regret. If you could go through a decision and be like, that was the right decision for me at that time. I think that's the epitome of success.”

Connect with Simcha Davidman:

Website: Parachute Investing

LinkedIn: Simcha Davidman

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Tweetable Quotes:

“It's always a good time to buy a good asset, but just have to be more careful about how you define it.” – Simcha Davidman

“I see a very clear path that wouldn't take that long to get very comfortable for my family… So, I feel like God has given me the ability to learn a certain skill set and we can now take that and try to give back.” – Simcha Davidman

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