052 - Hello Realworld! with Justin Mitchell

The Kurty D Show

Key Takeaways:

• Unpacking the Journey: Real Estate, Tech, and Finance
• The Perfect Office and Unexpected Connections
• Unforgettable Meeting and the Birth of a Business
• Uncovering the Truth: A Risk Manager's Journey Through the Financial Crisis
• Building a Community and Embracing the Power of Giving
• The Power of Giving: How the Universe Rewards Selflessness
• The Impact of Macro Trends on Risk Management in Real Estate
• The Ultimate Music Fan: Dream Band and Venue

Tweetable Quotes:

• “Trust, but verify.” – Justin Mitchell
• “People pay back, but properties don’t. When you focus on creditworthiness and the borrower, you, most of the time, stay out of the trouble.” – Justin Mitchell
• Sometimes, the best deal you’ll ever do is the one you didn’t do.– Justin Mitchell
• “One of the things that made me relevant in this business is that when you deal with the best in the business, they start to appreciate your opinion and your insight.” – Justin Mitchell
• “Saying no is probably the best trait I have where not everything will work out, and it's not meant for me. It doesn't mean that someone else won't do it for them.” – Justin Mitchell
• “When you start doing business with the best borrowers, their competitors want to know why they're doing business with you and what makes you special. That leads to referrals and inquiries from the best borrowers.” – Justin Mitchell
• “We know what it's like to be a borrower and the sensitivities and speed of execution. Most of all, creativity is everything, and there's a balance to that.” – Justin Mitchell
• “It's being creative, but also managing risk, whether that's with the asset that I'm lending on, or maybe I take additional collateral outside of that asset.” – Justin Mitchell
• “In the context of private credit, if you don't do any background or underwriting on the borrower, that can lead to problems quickly.” – Justin Mitchell

Links Mentioned:

• Kurt’s Twitter
• Kurt’s Instagram
• Kurt’s LinkedIn
• Justin Mitchell
• Aaron Ross
• Andrew Smith
• Brian Standing
• Brook Fain
• Charles Schwab
• Elias Badin
• Gregor Watson
• Howard Marks
• Jeff Sarti
• Rob Bloemker
• Stacey McKinnon
• 1Sharpe Capital
• AFLAC
• Bank of America
• Blackstone
• CohnReznick
• Fidelity
• Genesis Capital
• Goldman Sachs
• Morton Wealth
• Oakland Capital Management
• Quanta Finance
• Realworld Asset Group