Please allow me to reiterateโฆ Based on my observation, what allowed Ben to survive was:. A He was local to the investments, so he had a team and could be hands-on. All of the above investors benefited from the market, time in the market; they are skilled investors, already made good incomes before investing, and some have extensive renovation and construction experience.
In addition, some benefitted from intergenerational wealth. None of the above investors went as highly leveraged with expensive debt as the folks losing their shirts right now.
One said it was refreshing to hear an episode that was not all cheerleading Ra-Ra, getting rich quickly with high leverage in real estate. Ben is hearing the same, including some big names in the industry sending along positive messages. Even Warren Buffet shared his lessons from the Kraft-Heinz merger and why his airline investments were losers.
Shout out to professional coach Elizabeth Kelly for referring Ben Bergen to me as a guest on this show! On a personal front, Cherry and I had a fantastic March Break. We skied for five daysโฆ well, at least the kids and I did, as they were in March break camp. By midweek the kids had learnt how to lift and raise the restraint bar, so I was getting ditched, which made me emotional.
With no money and anyone to teach them, they had never skied before, so I only ever skied on school trips growing up. To this day, I remember seeing my friends at school collecting ski lift passes attached to their ski jackets and as silly as it is. SingleKey is the largest tenant screening service out there with their recent acquisition of Naborly.
