Pejman Ghadimi
๐ค PersonAppearances Over Time
Podcast Appearances
Very few Lamborghinis break down, very few Ferraris break down if they're driven properly. So while most people believe exotic cars constantly deteriorate, depreciate, break down, that isn't true. And most real owners will tell you they can drive plenty of exotic cars without ever having an issue. But lease companies have worked very hard to disguise this idea that a tax write-off is better.
Very few Lamborghinis break down, very few Ferraris break down if they're driven properly. So while most people believe exotic cars constantly deteriorate, depreciate, break down, that isn't true. And most real owners will tell you they can drive plenty of exotic cars without ever having an issue. But lease companies have worked very hard to disguise this idea that a tax write-off is better.
And if you think about it, if you lose 50 grand in your write-off and that means you lost 30 grand instead, It still means you lost 30 grand. I will teach you to drive the exact same Lamborghini and lose five grand. So the argument is what's better that you didn't write off the five grand you lost or that you lost 50, you wrote it off and it ultimately netted you 30 loss.
And if you think about it, if you lose 50 grand in your write-off and that means you lost 30 grand instead, It still means you lost 30 grand. I will teach you to drive the exact same Lamborghini and lose five grand. So the argument is what's better that you didn't write off the five grand you lost or that you lost 50, you wrote it off and it ultimately netted you 30 loss.
So we teach real estate in a very different manner. We don't really teach real estate investing. There's people that are probably better at that than I do. I don't really look at it from a sense of like, which houses do you buy, create income or anything else?
So we teach real estate in a very different manner. We don't really teach real estate investing. There's people that are probably better at that than I do. I don't really look at it from a sense of like, which houses do you buy, create income or anything else?
Because I'll tell you this, in the game of watches and cars, we make so much money off of such little capital and no leverage needed, no bank loans needed, no bank ties, no need to take out a $10 million loan to get out of that $20,000 a month in hopes of blah, blah, blah. We don't really think that's a viable strategy in wealth creation.
Because I'll tell you this, in the game of watches and cars, we make so much money off of such little capital and no leverage needed, no bank loans needed, no bank ties, no need to take out a $10 million loan to get out of that $20,000 a month in hopes of blah, blah, blah. We don't really think that's a viable strategy in wealth creation.
And we think that it was a viable strategy 10 years ago because these other alternative markets didn't exist as much. Where I think there's a huge opportunity for people to play in real estate no matter what. Like I'm a big proponent for owning your own home, owning your own office, like buying commercial and residential estate, as long as it has utility.
And we think that it was a viable strategy 10 years ago because these other alternative markets didn't exist as much. Where I think there's a huge opportunity for people to play in real estate no matter what. Like I'm a big proponent for owning your own home, owning your own office, like buying commercial and residential estate, as long as it has utility.
which means that there's a lot of opportunities in buying commercial real estate where you can build a really good business out of it instead of just renting it out and leasing it out to someone else. I think taking on so much leverage to create such little income with so much problem in between if something happens is just too high of a risk when you have other alternative ways of making money.
which means that there's a lot of opportunities in buying commercial real estate where you can build a really good business out of it instead of just renting it out and leasing it out to someone else. I think taking on so much leverage to create such little income with so much problem in between if something happens is just too high of a risk when you have other alternative ways of making money.
So what we teach is how to select homes or commercial buildings in areas that are likely to have accelerated appreciation based on changes of demographic over the next, let's say, six or 12 or 24 months, and therefore putting you in a position where you can buy a building and ultimately let it keep going up in value, use it for your business, and then choose to get out of it.
So what we teach is how to select homes or commercial buildings in areas that are likely to have accelerated appreciation based on changes of demographic over the next, let's say, six or 12 or 24 months, and therefore putting you in a position where you can buy a building and ultimately let it keep going up in value, use it for your business, and then choose to get out of it.
Like I'll give you an example of my own unit. I bought myself an 18,000 square feet location in the middle of Boca Raton. And Boca Raton is a very hard place to find good locations for car storage and things like that. So I wanted a place to house my 35 car collection. And I was like, this is impossible to find here.
Like I'll give you an example of my own unit. I bought myself an 18,000 square feet location in the middle of Boca Raton. And Boca Raton is a very hard place to find good locations for car storage and things like that. So I wanted a place to house my 35 car collection. And I was like, this is impossible to find here.
So it literally took me a year, but when I found the building for $5 million, I immediately bought it. I renovated for 500 grand, and I'm using it as my office. I have gotten probably about 15 to 20 offers to sell that building for $7 to $10 million within three weeks of moving in all the way to today because these type of buildings don't exist, meaning they're very hard to come by.
So it literally took me a year, but when I found the building for $5 million, I immediately bought it. I renovated for 500 grand, and I'm using it as my office. I have gotten probably about 15 to 20 offers to sell that building for $7 to $10 million within three weeks of moving in all the way to today because these type of buildings don't exist, meaning they're very hard to come by.
So it's almost the same thing with my personal house. So like I bought this 10,000 square feet house with a 10 car garage and no one has that anywhere. And it's brand new and it's like this crazy design building. So when you buy stuff that's really exclusive, hard to get and unique in nature, they typically target a very unique buyer. So it's not as generally exclusive.
So it's almost the same thing with my personal house. So like I bought this 10,000 square feet house with a 10 car garage and no one has that anywhere. And it's brand new and it's like this crazy design building. So when you buy stuff that's really exclusive, hard to get and unique in nature, they typically target a very unique buyer. So it's not as generally exclusive.