Ral West

And we had a different idea as to how to present cruises to people visiting Alaska instead of just going from port to port. We felt that they would have a better experience of Alaska by leaving from a port and going out into the wilderness, getting onto a skiff and playing with the whales, going kayaking, going ashore and taking hikes in the forest or even walking on a glacier.

And we had a different idea as to how to present cruises to people visiting Alaska instead of just going from port to port. We felt that they would have a better experience of Alaska by leaving from a port and going out into the wilderness, getting onto a skiff and playing with the whales, going kayaking, going ashore and taking hikes in the forest or even walking on a glacier.

And these things were things that we were enjoying on our own boat in Alaska, because by that time, my husband's a boataholic, so we had to have boats up here. And so we found a couple of cruise ships that were bank owned. They had been owned by a company that went bankrupt. And so the bank held them and they were sitting at a dock rotting. So again, it was an opportunity.

And these things were things that we were enjoying on our own boat in Alaska, because by that time, my husband's a boataholic, so we had to have boats up here. And so we found a couple of cruise ships that were bank owned. They had been owned by a company that went bankrupt. And so the bank held them and they were sitting at a dock rotting. So again, it was an opportunity.

And we seized that opportunity and bought those ships out of rather low price point and fixed them up and bought them.

And we seized that opportunity and bought those ships out of rather low price point and fixed them up and bought them.

found somebody to operate them for us and then later there was another company that went bankrupt and we bought some more cruise ships so we ended up having five small cruise ships under 100 passengers each that were operating in alaska and providing the kind of adventure that wilderness experience that we felt that people would really enjoy in alaska so that lasted for about 10 years and we were selling the vessels one by one to the company that operated them

found somebody to operate them for us and then later there was another company that went bankrupt and we bought some more cruise ships so we ended up having five small cruise ships under 100 passengers each that were operating in alaska and providing the kind of adventure that wilderness experience that we felt that people would really enjoy in alaska so that lasted for about 10 years and we were selling the vessels one by one to the company that operated them

But COVID happened then. We had one ship left and it got tied up to a dock because no cruise ships were operating anywhere in the world. So that was a pretty obvious sign to us that it was time to pivot away from cruise ships. So we sold that last ship.

But COVID happened then. We had one ship left and it got tied up to a dock because no cruise ships were operating anywhere in the world. So that was a pretty obvious sign to us that it was time to pivot away from cruise ships. So we sold that last ship.

and then we spent a fair amount of time studying the landscape of world economy where were the opportunities where was the world going next what would be the outcome after covid we would listen to podcasts and we would read we would attend workshops that's when we decided that the future seemed to be in going in the direction of real estate and particularly multi-family real estate

and then we spent a fair amount of time studying the landscape of world economy where were the opportunities where was the world going next what would be the outcome after covid we would listen to podcasts and we would read we would attend workshops that's when we decided that the future seemed to be in going in the direction of real estate and particularly multi-family real estate

Because buying an individual home was becoming more and more cost prohibitive, which meant that people were going to be renting. So we decided that that would be a good place to put our money. And we started investing as a general partner, limited partner in various syndications. where we were involved in purchasing complexes that had 100 or more apartment units in a complex.

Because buying an individual home was becoming more and more cost prohibitive, which meant that people were going to be renting. So we decided that that would be a good place to put our money. And we started investing as a general partner, limited partner in various syndications. where we were involved in purchasing complexes that had 100 or more apartment units in a complex.

And we now own over, or we're part owners anyway, in over 6,000 of these apartment units in five states across the U.S. So it's a combination of seizing opportunities, but also just keeping your eyes on what's going on around you. The world is changing all the time. And if you're not Staying aware and keep your eyes open to what's going on around you, you can miss some of these opportunities.

And we now own over, or we're part owners anyway, in over 6,000 of these apartment units in five states across the U.S. So it's a combination of seizing opportunities, but also just keeping your eyes on what's going on around you. The world is changing all the time. And if you're not Staying aware and keep your eyes open to what's going on around you, you can miss some of these opportunities.

So that's the main key.

So that's the main key.

I think that I definitely am a risk taker. And that comes from my family culture as well and coming from the entrepreneurial background that I have. But I do take calculated risks and I do the homework and I run the numbers and I do some research and investigate the market. And I've learned along the way because sometimes I didn't do my research and my homework. as well as I should have.

I think that I definitely am a risk taker. And that comes from my family culture as well and coming from the entrepreneurial background that I have. But I do take calculated risks and I do the homework and I run the numbers and I do some research and investigate the market. And I've learned along the way because sometimes I didn't do my research and my homework. as well as I should have.