396. Innovating Real Estate Investments In Challenging Times With Tom Tom Higgins

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How can investors mitigate risks and seize opportunities in challenging times Today we ll learn about Tom Higgins s journey from an early passion for real estate to becoming a successful investor He discusses his experience with commercial conversion projects and why he decided to go out on his own and start a real estate investment company Tom stresses Terra Capital s strategy of investing in markets with strong underlying fundamentals and advises how to approach real estate investments during a credit crisis Take advantage of this insightful conversation Tom Higgins is the Co-Founder and Managing Partner of Terra Capital Tom has developed and renovated over 2 000 multifamily units throughout the United States As Co-Founder of Terra Capital Tom has played a vital role in creating Terra s innovative real estate investment strategies 00 01 – 07 33 Opening Segment Tom shares his journey growing up in World around real estate His experience working for large national developers Tom has developed and renovated nearly 2 500 units to date He started his career by doing commercial conversions of pre-war buildings 07 34 – 16 09 Exploring the Benefits of Investing in Recession-Resistant Mini Multis Commercial buildings are challenging to convert into apartments How Tom started his own real estate investment company with a business partner Acquiring 2-15 unit multi-family properties off-market and renovating them to top-of-market standards The bulletproof strategy 16 10 – 24 00 Investing in Recession-Resistant Markets The benefits of vertical integration and pre-vetted investment opportunities The mini multi-strategy would not be nearly as effective without innovation and property technology The firm is vertically integrated providing its own property management services The focus is on investing in affordable healthy markets and recession-resistant asset classes 24 01 – 31 31 Tips for Real Estate Operators on How to Protect Their Investments Why Terra Capital invests in markets that are over-index in healthcare and education Midwest has access to the highest multi-family yields Fed bailed out banks but still risk with a long tail of retail banks and consumer confidence Why real estate operators should take a conservative approach 31 32 – 39 35 Closing Segment Uncovering the levers operators can pull to bridge the gap in real estate investing Is multi-family less recession-resistant than other sectors Ask your operators what they expect in terms of stabilized debt Connect with Tom Website Usaterra Twitter tomchiggins Bigger Pockets Thomas Higgins Key Quotes When it comes to property management we like to hire internally and really handle tenant communications to make sure that people are treated fairly – Tom Higgins We want to build a really deep foundation and it s important for us to pick markets that have done well historically during the recession – Tom Higgins WANT TO LEARN MORE Connect with me through LinkedIn Or send me an email at sujata luxe-cap com Visit my website www luxe-cap com or my YouTube channel Thanks for tuning in If you liked my show LEAVE A 5-STAR REVIEW like and subscribe Click here to visit this podcast episode