Exploring Asset Classes in Real Estate Investing with Ryan Carr
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Ryan Carr is an established real estate investor with years of experience across multiple asset classes. He is the host of The Highest and Best Use podcast, he is a co-host on HGTV, he is the author of The Highest and Best Use Playbook, and he is on the Self Wealth Real Estate podcast with us today to talk about his experience in different asset classes and the lessons he learned that helped him get to where he is today.
Listen now to learn more about what it is like to invest in different real estate asset classes and some best practices from a true industry expert!
Key Talking Points of the Episode
00:00 Introduction
01:24 What is Ryan’s background?
05:38 How can you become more efficient in life?
09:02 How did Ryan get into real estate investing?
11:53 What was Ryan’s experience like with his first rental?
14:41 How did Ryan transition into real estate investing full-time?
16:47 What makes the vertical split a better conversion for duplexes?
18:53 What are the benefits of doing a vertical split duplex conversion?
24:33 What kind of deals has Ryan done through the years?
25:51 What kind of asset class does Ryan like the most?
28:25 What factors should you consider when you’re developing properties?
32:10 How does Ryan effectively manage construction costs?
37:37 Why did Ryan decide to focus on land development?
39:57 What was Ryan’s favorite deal like?
42:32 What was Ryan’s worst deal ever like?
49:17 What has changed in Ryan’s approach towards real estate investing?
50:17 What advice would Ryan give his younger self?
50:52 What is the most overhyped investing strategy today?
51:46 How can you connect and learn more about Ryan?
Quotables
“It’s different like you could read a book or study it, I was watching these shows to study them so that I could look in the background and see what was happening.” “They like the living style better because they have more natural light. They were happier tenants, they were more respectful, they always pay the rent on time – I never had an issue in a vertical split duplex.”
“For me, I was always looking at what is the highest and best use of my time and my staff’s time, and where we can be most efficient with our costs.”
Links
Book: The Highest and Best Use Playbook
https://www.thehighestandbestuse.com/habu-book
Podcast: The Highest and Best Use Podcast
https://podcasts.apple.com/ro/podcast/the-highest-and-best-use/id1636342615
Instagram: The Highest and Best Use
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