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Dave:
Yeah, exactly.
Henry:
In this market you’re going to make mistakes, and so let’s limit those mistakes. Let’s start with a single family or a small duplex or a duplex, and let’s bump our head on a deal that if we have to pivot, we’re going to be okay.
Dave:
Totally. This is probably just good advice for investing in anything right now, generally speaking, when there’s as much uncertainty as there is in the market right now, my philosophy is I’d rather miss on a huge upswing than expose myself to downside risk. That’s just the way I think about it, and I know other people think about that differently and the FOMO of missing out on some amazing deal is too much for them to handle. I’m sort of the opposite. I’m like, I could live with not the optimal perfect returns.
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