“For people who tend towards risk aversion in their investments. I think real estate makes a ton of sense.”
Brian Armstrong is such a great guy! He is a structural engineer for over 20 years at PARADIGM Structural Engineers, Inc. which is based in San Francisco, CA. He always enjoyed buildings and watching buildings get created, which he thinks dovetails well with the multifamily space. Go give him a follow on LinkedIn at https://www.linkedin.com/in/brian-armstrong-se-bb064866/.
Brian Armstrong is the founder and managing partner of Progress Capital Group, LLC which is a real estate investment company focused on offering investments that generate passive income for busy professionals. He has been active in real estate since 2012 investing in multifamily and fixing & flipping single-family homes.
He always liked math, physics and chemistry which steered him toward engineering, but deep down, he thinks there was an interest in real estate and buildings all along. He loves real estate and believes that it has a lower risk threshold than other modes of investments. He thinks that a common misconception is that you need to have a lot of money or know someone who knows somebody to get into it. It doesn't take being a millionaire to invest in real estate. You just have to find a group of people that you think you can trust and have some integrity in owning and operating the investment property.
Brian resides in the San Francisco Bay Area with his wife and 2 children where he enjoys spending time with his family and attending multiple youth sporting events during the weekends.
In this episode we discuss:
✅ Structural Engineering
✅ Mechanical Engineering
✅ Risk Aversion / Low-Risk Threshold
✅ Asset Appreciation
✅ Learning Real Estate via Social Media Platforms
✅ Ebook: 7 Reasons Savvy Investors Choose Real Estate In Addition To Stocks
Great quotes from the episode include:
“There is a lot of repetition across different projects as far as you know, big picture stuff, but the nitty-gritty of each project has its own little subtle differences all the time.”
“It's constantly changing and growing and you feel like you're learning a lot every time.”
“Real estate is a great industry for someone who is interested in investing.”
“I really like everything about multifamily and apartments, and you know, making them better and creating communities that people really enjoy living in.”
“Multifamily apartments are still in very high demand because there isn't enough single-family supply to keep up with that market.”
“Real estate is a great match for an investment type and someone in the AC community.”
“One thing that I like a lot about real estate is you can't really manipulate it.”
“When you invest in real estate, you have real ownership in real property, and that real property is making real money every single month.”
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