Texas Growth Projections and Real Estate Strategies with Dan French
- E180
- 35:35
- September 4th 2024
Welcome back to The Cashflow Project! Today, we chat with Dan French, a certified property manager overseeing over 15,000 units and $2 billion in assets. Dan shares his journey from a working-class background to managing properties across various markets, highlighting how his firm adapted to market changes and Texas' resilience during the Global Financial Crisis. He emphasizes the importance of conservative underwriting, tenant care, and a long-term investment mindset. Tune in for valuable insights and actionable advice for real estate investors.
[00:00] Painter turned real estate entrepreneur in NYC.
[05:07] Market selection, experience, and financial stability crucial.
[07:46] Years of hard work, investor payback, growth.
[12:16] Impactful real estate investments can change communities.
[13:20] Real estate is about community and impact.
[17:59] Opportunity is everywhere, especially in tough times.
[19:39] People often seek opportunities elsewhere, but wait is dynamic.
[22:53] Team growth, risk mitigation, cost reduction strategy.
[26:13] Monetization through carports and storage units.
[31:05] Prepare for long journey to success, start now.
[33:52] Ownership mentality changes perspective and partnerships.
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The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com