Mon, 20 April 2015
Salvator Buscemi is the author of Making the Yield, a managing partner in Dandrew Partners and runs the Oasis Fractionalized Real Estate Equity. Mortgage Brokers took to the streets to get funding for homes in pre-foreclosure and that was the start of the real estate crisis. Investing with short money people (those who invest $50,000 and under) can be costly to the entire deal. Jason and Salvator agree on most things and being cynical is the best way to be in business.
[1:48] Hard money lending uncovered
[5:32] No exit strategy on Sub-prime loans
[6:30] Funds to buy other funds
[7:59] Inexperienced fund managers
[11:50] 10 commandments of investing
[13:15] The rack rate secret
[15:28] Operator should be local to the asset
[20:40] Short money?
[23:59] Federal Reserve’s no yield environment
[27:25] Massive interventions by Govt’s and Central Banks
[30:50] Resume of Bernie Madoff and others
[32:45] It’s all political
[34:20] Golden Age of Real Estate
[35:15] Intimate money management
[37:16] Fund Manager should skin in the game
[40:00] Where are you in the capital structure?
[42:52] Makingtheyield.com, 1st 20 are free
Mentions In This Episode:
Oasis Fractionalized Real Estate Equity
Making The Yield - Book