Prosperity Through Multifamily Real Estate Investing

How To Hedge Against the Downside with Bruce Wuollet

• Cody Laughlin • Episode 112

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Episode 112:

“Creating Legacy High performing Assets”

Bruce is the founder, visionary and owner of Bakerson. Growing up in the bakery business in the Twin Cities in Minnesota, Bruce wanted to pay homage to his now late father; hence the name “Bakerson”. 

After trying his hands in a few different ventures in Minnesota, Chicago and Phoenix, he finally found his passion in real estate. He has a proven track record of success throughout Bakerson’s nearly 18 years in business with thousands of individual units bought, repositioned and sold. Bruce has overseen all aspects of the business including operations, acquisition, project leadership, equity fund management, property specific syndications, legal, finance and more. 

His focus is finding good deals while his passion is serving the residents by providing them with one of their basic human needs – shelter. Prior to launching Bakerson in 2002, he served on the acquisition team at a Phoenix-based real estate investment company.

For today’s episode we will cover: 

[ 00:00 - 06:16 ]  Opening Segment.

  • Getting to know Bruce Wuollet.
  • Updates in the last year and a half.

 

[ 06:16 - 09:51 ] Finding opportunities that align with your investment thesis

  • Buying properties without the high execution risk.
  • Challenges facing the new construction.
  • Classes that are underserved.

 

[ 09:51 - 15:39 ] Being priced out of today’s marketplace.

  • Supply chain issues and price increases.
  • What happens when people lose hope.
  • Living paycheck to paycheck

 

[ 15:39 - 24:34] What to consider before expanding

  • Seeing the recent migratory patterns.
  • Protecting in the downturn.
  • Taking care of your investor first.
  • Investing in the long term
  • Looking at the stability of the market

 

[  24:34 - 28:16 ] How the European situation is affecting the Real Estate market

  • Putting money outside the normal market
  • Why Europeans are investing into the US

 

[ 28:16 - 35:25] More ways to hedge against the downside

  • Having good debt
  • Never leverage more than 65% of your assets
  • The 18 year land cycle

 

[  35:25 - 44:25 ] Finding investors who align with your ideals

  • Different group of investors from all age groups
  • Building and preserving wealth
  • Understanding that real estate isn’t for the short term gains

 

[ 44:25 - 48:42 ] Closing Segment

  • The 1-1-5-3-1 method to continue your education
  • Looking beyond the short term

 


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