Maximizing Your Investment Strategy
Pascal Wagner talks with Pasha Esfandiary about building an investment strategy that fits you, from real estate to investing alongside other managers.
In this interview
Pasha Esfandiary describes his path from professional poker to real estate, and why he later began investing with other operators to spread his money beyond mobile home parks. He tells the story of an early investment that failed, and what he would have checked first: references, regular updates, and how openly the operator answers questions. He walks through what he looks at before joining a fund: the market, the operator, the assumptions behind the numbers, the fees, and how much of their own money the operator puts in. He also explains how depreciation and getting capital back early fit an investor’s plan, and why setting your own goals comes first.
Chapters
- Meet Pasha Esfandiary
- From poker to real estate
- Investing across asset classes
- When he began backing other operators
- What a failed investment taught him
- What he checks before investing in a fund
- Fees, and the operator’s own money
- Depreciation and getting capital back
The picture is YouTube’s poster for this episode. Published May 23, 2023 by Pascal Wagner, founder of DealStack. DealStack does not rate or recommend firms. Evoke Capital does not pay DealStack, so this page is not a paid placement.
More interviews
Investing in Hard Money Loans and Full-Time Operators
Pascal Wagner talks with Matt Faircloth about starting with hard money loans and choosing operators who work on their deals full time.
Understanding Self Storage
Pascal Wagner and Mike Klein talk with Ben Lapidus about self storage as an asset class, its risks, and how markets differ.
Pascal Wagner’s Portfolio: Debt Funds, Single-Family Rentals, Crypto, and Cash Flow
Chris Lopez talks with Pascal Wagner about how he splits his money across debt funds, single-family rentals, crypto and cash, and what he would change.