41: Stewart Heath - Harvard Grace Capital

Summary

Stuart Heath, CEO of Harvard Grace Capital, shares his journey as a real estate investor and discusses the transition from residential to commercial properties. He emphasizes the importance of cash flow and the role it plays in surviving and thriving in the real estate market. Stuart also discusses the different types of office spaces and their viability in the current market. He highlights the importance of tenant mix and the stability of medical office spaces. Stuart shares his insights on deal flow, underwriting parameters, and the potential for liquidity in real estate investments.

Takeaways

  • Real estate can be a slow but steady way to build wealth over time.

  • Cash flow is king in real estate investing. If tenants are paying rent, there are opportunities for survival and growth.

  • Different types of office spaces have different levels of viability. Class A office spaces in central business districts may struggle, while suburban and medical office spaces tend to be more stable.

  • Deal flow quality has improved in the current market, and underwriting parameters remain consistent.

  • The potential for liquidity in real estate investments could be a game changer, providing more options for investors.

  • Investors should focus on long-term investing rather than short-term trading, as real estate is a long-term asset class.

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