BFB 011: Discover How Harvard MBA and Physicist Arthur Zwern Follows Warren Buffet’s Advice
1:09 – Background on Arthur and his technical yet entrepreneurial career.
2:24 – Arthur’s incorporation of passion and inventiveness throughout his career.
3:20 – How Tom and Arthur met and what Arthur’s progression into real estate was.
6:08 – Cash flow on properties and how the values of properties Arthur has dealt with have changed.
7:11 – Definition of “1031” as essentially a tax deferment.
8:19 – The Dot Com Crash’s effect on Arthur and his approach to real estate.
9:27 – Learning about external market drivers and the biggest mistake Arthur made in his career.
12:12 – Learning that real estate is all about people, rather than land or buildings; the dedication required to stick with it and make it work.
13:34 – Some of the big things Arthur learned from his own mistakes.
14:35 – How Arthur got started utilizing syndication for projects.
16:39 – Buying “when there’s blood in the streets” and Warren Buffett’s letters to shareholders; the cyclical nature of markets.
20:56 – Lessons Arthur learned in moving around in different states and to Costa Rica.
24:40 – Assessing risk factors in different places like Costa Rica or even from state to state.
27:58 – Additional beneficial aspects to working in Costa Rica.
30:33 – Working effectively in an inefficient market.
34:14 – The first thing Arthur tells new real estate investors: diversify into different states and disaster zones.
38:18 – Always feel free to submit topics or feedback to firstname.lastname@example.org.
39:02 – Details on the project that Arthur and Tom are working on in Costa Rica.
43:44 – Arthur’s biggest piece of advice, recommended resource – Stansberry Research, and his key number to watch in the economy.
49:50 – Arthur’s parting thoughts on diversifying internationally.
Resources and Links Mentioned:
October 20, 2017
October 17, 2017
October 13, 2017