Aug 29 2023 30 mins 1
Dive into the world of real estate investing and discover how Dan Calonge, a seasoned executive with an MBA and a multi-family investor, is on a mission to help immigrants achieve generational wealth through real estate. Drawing from his family's journey of moving from Cuba to the US, Dan shares insights into the challenges immigrants face and how he's dedicated to guiding them through unfamiliar investment opportunities.
Dan discusses his personal experiences in real estate, from his initial exposure as a limited partner to the critical factors he considers when choosing investments. The conversation also delves into the current state of multi-family commercial real estate and future predictions, highlighting the importance of strong operators and adaptability in navigating changing economic conditions. Join us for a rich exploration of real estate, integrity, and investment strategies in this informative episode.
LISTEN FOR THIS
- Dan's initial interest in real estate dates back to the early 2000s, but it wasn't until the pandemic that he fully immersed himself in the field.
- Dan's background drives his commitment to assisting immigrants, as seen through his involvement in an advisory council aiding immigrants in Cincinnati.
- Dan's personal journey as an immigrant aids his commitment to overcoming challenges and achieving success in real estate.
- Emphasis on long-term commitment in real estate investing, appreciating the importance of investing with trustworthy teams in growth areas.
- Addressing the current challenge of finding profitable deals with rising interest rates.
- The dynamic nature of real estate and the importance of preparation for various scenarios.
QUOTES
“Given that the interest rates are going to be somewhat higher for a while, I have a feeling that in the next six months or so we're going to see a lot more distressed opportunities…distressed in terms of the financing and the way it was set up.”
“Listening to this podcast is a great way to educate yourself because you hear from different people on their different perspectives and on real estate and investing.”
ABOUT
Dan is a seasoned executive with an MBA and also a multifamily investor focused on helping immigrants get exposed to power real estate investing. His family is from Cuba, so he identifies with the challenges of not knowing how things work in a new country. His mission is to assist other immigrant families in creating generational wealth.
CONNECT WITH DAN
Website: avanzainvest.com
Free Download: immigrantinvestorclub.com
CONNECT WITH US
Learn more about passively investing in apartment buildings:
Website: hansenholdings.com
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