Welcome to another episode!
Patrick Has been investing since 2008. Since then he and his wife have managed to acquire an impressive net worth and amount of real estate in a short amount of time individually, no syndications or partnerships involved. He enlisted right out of high school in the year 2000, went through the nuke program as a sub guy and did not stop applying at the naval academy until they said yes. During his A school days, he met Chief McGrath who taught him the value of real estate and how to get into it while on active duty. Soon after, he went into brokerage with the goal of helping people do and achieve what he has.
Once you've made an investment on a property, you can decide where your returns will come from: appreciation or cash flow. Ideally, a property should be able to provide both but the reality is far from it. Patrick shares with us his strategies for buying properties, using the economy and demographics to predict which properties will provide returns on appreciation or cash flow, and the best time to invest for either one. There’s a lot to learn from this episode so don’t miss it!
Click the link below to find out how this information can help with your success https://www.pintocapitalinvestments.com.
In this episode, we explore:
-Patrick’s military background and how he got into real estate
-Buying owner occupied property -Going into brokerage -Financing that Patrick used to buy his first property
-Why your first purchase should be a duplex -When to use a VA loan
-Things to remember when working with realtors
-What your success or failure in real estate is based on -Strategy for buying properties
-The Gordon growth model
-Cash Flow and cap rate
-Where do you want your return to come from: appreciation or cash flow
-How to evaluate a market that you’re wanting to buy in
-Two things in real estate that are speculative
Patrick is an award-winning real estate agent, business owner, and investor with a focus on educating and serving clients at the highest level. In 2020, Patrick was awarded San Diego's highest real estate honor when he was recognized as San Diego's Team Leader Realtor of the Year by the San Diego Association of Realtors (SDAR) and the San Diego Union Tribune. Additionally, within SDAR, Patrick has earned Platinum Realtor status and Platinum Team status, recognizing him and his team amongst the top 1% of all Realtors and real estate teams within San Diego County. Patrick was also recognized as “40 Under 40” within San Diego real estate for three years in a row, between 2018 to 2020, as recognized by the San Diego Union-Tribune and SDAR.
Snapshot Timestamp: 43:28
1. What is your number one failure in real estate? /lesson learned
- Investing for capital appreciation rather than cash flow will usually make you wealthier faster.
2. As a veteran investor, what advice do you have for other military investors to be successful?
- The sooner you start the better. Don’t try and time the market just go out there and buy.
3. What inspired you to serve your country?
- My Grandfather was a WWII veteran. I wanted to follow in his footsteps.
4. What is your dream?
- A quote from Henry David Thoreau: “To live as many lives in this one as possible”
Connecting with the Guest:
Website: https://kappelrealtygroup.com/
LinkedIn: https://www.linkedin.com/in/patrickkappe
Email: patrick.kappel@compass.com
#valoans #investinrealestate #strategy