Episode 73: Deal Structuring and Investment Analysis in Real Estate

In this new episode, we have the privilege of interviewing Forrest Corral, a highly experienced expert with an impressive track record spanning more than two and a half decades in the realms of enhancing financial results and strategic investments. Forrest currently serves as the Principal and the Chief Investment Officer at Praxis Capital, where he generously shares his expertise in deal structuring, investment analysis, and program management. We also delve into Praxis Capital's remarkable portfolio,  explore their innovative vertical integration approach, and interestingly talk about the  concept of success and its measurement beyond financial wealth. Join us for a deep dive into Forrest's extraordinary journey in the real estate industry, where he unveils invaluable strategies and mindset for achieving optimal financial outcomes.

Enjoy this episode on your preferred podcast platform!

✅ Apple →  https://podcasts.apple.com/gb/podcast/deal-structuring-and-investment-analysis-in-real-estate/id1625806145?i=1000629636374

✅ Youtube → https://youtu.be/VRXc3JRI5y8


Let’s Stay Connected

✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/


Connect with Forrest

✅ LinkedIn → https://www.linkedin.com/in/forrest-corral-01346817/
✅ Website → https://praxcap.com/


Time Stamps

[00:01:08] Real estate inspiration
[00:06:42] Family's net cash flow
[00:10:21] The power of perseverance
[00:13:43] Market cycles and success
[00:18:38] Learning through investment models
[00:22:01] Seeking multiple opinions for decisions
[00:28:24] The secret of success
[00:30:32] Immigrants and success in America
[00:35:07] Property fires and incidents
[00:38:03] Beyond success metrics and fulfillment
[00:42:30] Location-based investment strategies
[00:46:13] Living in California and beyond
[00:51:21] Doing business in blue states

Quotes

"But I just thought in my heart of hearts, as a teenager, I thought, I want to live like this. I want to live like these folks."
 
"And I did buy those books when they first went out and they were fundamental to my thinking in those days."

"Anybody could do this business."

"And it was at that moment I thought, if he could do this, anybody could do this."

"If you want to get hit by the cash bus, you need to walk out in the middle of the street."

"If you just take a, put one foot in front of the other, buy a book, go to a seminar, you know, nobody's going to have 100% of the information, but you'll figure it out if you keep on swinging."

"You do make your own luck."

 "If you are committed, you'll be successful."

"What's the point of having a lot of zeros in an accounting metric if we don't feel internally fulfilled and connected?"

 "We usually say that part of our thesis is a good alpha and beta strategy."

"But legislative headways in blue states are our biggest, you know, is like the is like Godzilla coming to the your your your city legislative headways."

 "There are some markets that are easy to get into, but they're just hard to get out of."

"So I have a heart for people who want to get into this business because more people in this business eventually gets better."

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