5 Talents Podcast - How To Build Wealth Through Real Estate
Welcome to the 5 Talents Podcast - How To Build Wealth Through Real Estate. Your host Abel Pacheco interviews real estate investors, wealth managers, syndicators, operators, and other wealth management strategists. If you’re a top earner in your field, an accredited investor and focused on building wealth through real estate... then this podcast is for you.
Abel served his local church for nearly 10 years as a deacon and finance board member and now combines his passion for real estate investing, professional successes, faith, leadership, and core beliefs to serve his investment community.
If you want to learn what other multi-millionaires, wealth managers, and surrounding industry experts are doing to build and preserve wealth... then this podcast is for you.
www.5Talents.Capital
5 Talents Podcast - How To Build Wealth Through Real Estate
Forrest Corral - 80+ Transactions Closed Worth $10M-$2B; How I'm Buying a Billion Dollars of Multifamily in My Underwear
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 Segment
- Let’s get to know Forrest Coral
- A “financial mercenary”
- He talks about his humble beginnings in real estate
[06:47 - 16:08] Build Generational Wealth
- Why “timing is everything” for Forrest
- Do you want to build generational wealth?
- Real estate is a way to go
- The 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 Feeling
- How Praxis Capital leverages the skillsets of its members
- Don’t trust your gut feeling all the time
- Forrest 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 Segment
- The foundation of success and reason for failure for Forrest
- Connect with Forrest! Links below
- Final words from Forrest and me
Tweetable 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:
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Connect with Forrest on LinkedIn and Instagram. Check out Praxis Capital, Inc and their Twitter, Facebook, Instagram, and LinkedIn pages.
Guest email: forrest@praxcap.com
Connect with me:
https://www.5tcre.com/
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Email us --> abel@5tcre.com