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Enjoy this week’s Investor Success Podcast, with special guest, Buck Joffrey as we discuss Investing in Real Assets To Hedge Inflation and Create True and Perpetual Wealth
“Invest in real assets to create real, lasting wealth” – Buck Joffrey
Discussion points:
- Straight A’s in high school, college and medical school were not enough prep for the real-life business Buck wanted to start
- In 2008, he was burned out and got fired, which was the turning point to great things to come as a serial entrepreneur
- Buck decided to invest in multi-family apartment complexes for the following reasons:
- Multiple doors = multiple rental income each month which hedges against 100% vacancy
- Scalable – you can buy as many as you want
- Value of investments based on Net Operating Income and Cap Rate which allows forced appreciation with higher rents and reduced costs
- The sweet spot for investing in multi-family today is in the $1M – $4M valuation range
- Real estate syndication works great for fractional ownership participation opportunities
- Investing velocity is critical to success
Buck’s Success Tip: “Fail often, it is a great educator!”
Resources:
Wealth Formula – Financial Education & Entrepreneurship for Professionals
About our guest:
Buck Joffrey is an accomplished Physician, Entrepreneur, Asset Manager and Podcaster. Since finishing his medical training in 2008, he has had tremendous success through his start-up businesses and investments going from being broke to having an 8 figure net worth. In order to help his high paid professional colleagues, he started a financial education website called WealthFormula.com and hosts the popular Wealth Formula Podcast. Buck knows the old mantra of “investing in a diversified portfolio of stocks, bonds, and mutual funds,” is outdated and dangerous for high paid professionals given the volatility and instability of the current global economy. Therefore, he advocates entrepreneurship and/or investing in hard assets that provide a cash flow as a more reliable way of approaching personal finance. Through a strong foundation of financial education and emphasis on cash flow investing, Buck teaches professionals how to take charge of their money and prosper.
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