Show notes
Forrest Corral serves as the Chief Investment Officer (CIO) for Praxis Capital, responsible for investment strategy, acquisitions, and dispositions of the company.As the CIO, he has managed to convert more than 3,000 multifamily units into condominiums, which is only one of his many achievements in his over 25 years of experience. Today, he joins us to talk about the steps he’s taking to add tons of value to his company and to the industry in general. Listen to Forrest and learn how he’s buying billions of dollars of multifamily! [00:01 - 06:46] Opening SegmentLet’s get to know Forrest CoralA “financial mercenary”He talks about his humble beginnings in real estate[06:47 - 16:08] Build Generational Wealth Why “timing is everything” for ForrestDo you want to build generational wealth?Real estate is a way to goThe secret to starting your real estate career[16:09 - 28:27] Find the Available Data Forrest shares their approach to look for deals The metrics you should consider when looking for markets The role of natural disasters in driving up real estate demand[28:28 - 40:10] Don’t Always Rely on Gut FeelingHow Praxis Capital leverages the skillsets of its members Don’t trust your gut feeling all the timeForrest explains Are you planning to buy new multifamily deals?Here are Forrest’s advice for you What he means by “buy and watch”[40:11 - 49:52] Closing SegmentThe foundation of success and reason for failure for Forrest Connect with Forrest! Links belowFinal words from Forrest and meTweetable Quotes: “If anybody is thinking about being in this business, it’s just about starting and it’s about not giving up.” - Forrest Corral “You could be lucky some of the [time] but you can’t be lucky all the [time] with your gut. You gotta look at facts” - Forrest Corral Resource mentioned:Ernst & YoungBrian BurkeBook: The Hands-Off Investor------------------------------------------------------------------------------------------Connect with Forrest on LinkedIn and Instagram. Check out Praxis Capital, Inc and their Twitter, Facebook, Instagram, and LinkedIn pages. Guest email: [email protected] with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] the Show.