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Cory Beattie is an experienced Chief Financial Officer with a demonstrated history of working in the construction industry. He is skilled in Real Estate Financing, Commercial Real Estate, Corporate Finance, Managerial Finance, and Mergers & Acquisitions....
Cory Beattie is an experienced Chief Financial Officer with a demonstrated history of working in the construction industry. He is skilled in Real Estate Financing, Commercial Real Estate, Corporate Finance, Managerial Finance, and Mergers & Acquisitions. Strong professional with a Bachelor's Degree focused on Business/Commerce, Major in Accounting With Distinction from the University of Alberta.
In this episode, Cory shares the most significant advantages of having multifamily over single-family properties and how it serves you well whether the economy is up or down.
What you'll learn from today's episode:
Resources:
Website: https://corybeattie.com
Topics Covered:
00:40 - His primary investment strategies and the deal size
01:09 - Number of years he's been in real estate and what led him to invest in real estate
02:18 - Different profit centers you can earn money from real estate
03:19 - Why multifamily over single-family
03:43 - How is that risk spread all over other units in multifamily
04:54 - Other big advantages of multifamily
05:35 - Multifamily in terms of efficiency of scale and cost-effectiveness
07:23 - Increasing the value of a property and having that exponential growth exit
10:41 - The line item that banks love to see in multifamily properties
11:00 - Which market location do they find multifamily deals and why this location is looking positive and is an attractive one
12:42 - What makes it a recession-proof investment portfolio
13:42 - One thing that's making him unique and stand out in his real estate business
15:54 - The biggest lesson learned in all the years he's been in the real estate industry
Key Takeaways:
"The number one thing that attracts me to real estate from an investment point of view is the passive nature of it in the sense that compared to things like the stock market, which are a lot more volatile, real estate, to me has always been more manageable risk, more calculated risk. And that's something I'm a lot more comfortable with." - Cory Beattie
"The other thing that interests me about the industry itself is that there are so many different ways that you can get involved in so many different ways that you can actually make some money and make a living." - Cory Beattie
"Multifamily is a nice way to spread your risk, because if you compare that with single-family, all your eggs are in that one basket in that one house." - Cory Beattie
"Right now, there's actually a lot of really attractive financing for multifamily. Believe it or not, you can get sub-four and sub-five interest rates. I can't think of a better time to get involved with that type of investment. It's quite attractive compared to what I've seen in the last ten years." - Cory Beattie
"The number one thing for people to keep in mind is that, for me, the biggest lesson I've learned is you always have to have an exit strategy in mind." - Cory Beattie
"I think it's great for everyone to have some real estate in their portfolio simply because of the returns. But on the flip side of that, it's not necessarily for everyone in terms of being hands-on." - Cory Beattie
Connect with Cory Beattie:
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