Slow Things Down And Control Investments For The Future With Simcha Davidman

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Simcha quit his job and went full-time in multifamily investing in 2019. Since then, he and his investors acquired 5 properties totaling almost $8m, including 108 multifamily units, almost 11k sqft of medical office, and over 15k sqft of industrial/storage space. He's gone full cycle on two deals. His investors received an average IRR of 91.4% and an EM of 2.21 in under 1.5 years. He's currently trying to figure out how to go big or go home, which has a completely new definition compared to what it meant to him just a few years ago

[00:01 - 03:07] Opening Segment

• We welcome, Simcha Davidman!
• Transition from being an attorney to becoming a real estate investor

[03:08 - 20:11] Slow Things Down And Control Investments For The Future

• “Parachute Investing” was named as an analogy for helping people who are not educated or confident in dealing with their money
• “Best Real Estate Investing Advice Ever” by Joe Fairless
• Skills from professional settings can be applied to real estate
• Underwriting needs to be tighter due to higher costs and interest rates
• Only buy if it makes sense and no acquisition fees
• Larger deals have more impact on society

[20:12 - 27:42] THE FINAL FOUR

• What's the worst job that you ever had?
  • Working at a law firm
• What's a book you've read that has given you a paradigm shift?
  • “Thinking in Bets” by Annie Durke
• What is a skill or talent that you would like to learn?
  • To have more courage in entrepreneurship
• What does success mean to you?
  • Simcha Davidman says, “It's no regret. If you could go through a decision and be like, that was the right decision for me at that time. I think that's the epitome of success.”

Connect with Simcha Davidman:

Website: Parachute Investing

LinkedIn: Simcha Davidman

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Tweetable Quotes:

“It's always a good time to buy a good asset, but just have to be more careful about how you define it.” – Simcha Davidman

“I see a very clear path that wouldn't take that long to get very comfortable for my family… So, I feel like God has given me the ability to learn a certain skill set and we can now take that

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