Finding your competitive advantage with Bernard Pierson

2021-12-21

Join Vince with his guest Bernard Pierson as he shares how discovering his competitive advantage shortened his way to a successful real estate footing. Bernard knows what role the Latin American demographic plays in the real estate industry. Understanding their behavior in the real estate space here in the US—like it's the back of his hand—has been Bernard's weapon when it comes to forming perfect deals. In this episode, Bernard expounds on the American Dream, the boons and banes with entrepreneurship and real estate, his experience of jumping from LP to GP, and the pot...

Outline of the episode:

● [02:05] Developing in Nicaragua and Costa Rica

● [03:32] Is the American dream still valuable today?

● [05:03] Entrepreneurship vs. Real Estate

● [08:16] The challenges and obstacles to entering the multifamily space

● [12:40] Taking the jump from an LP to GP

● [18:12] On getting involved with asset management

● [22:42] There is great potential in introducing Latin America to the multifamily space here in the US

● [26:12] Every time condo prices rise…

● [31:31] The book Best in Class, by Kyle Mitchell and Gary Lipsky

● [35:43] Take real estate one step at a time

● [38:46] Finding your competitive advantage shortens your way to success