In this episode, Steven Speck, Managing Partner of Rustbelt Capital, shares his insights on key principles for sound investing. Steven's career path, from studying commodities to investment in multifamily real estate, highlights his emphasis on identifying the optimal investment "vehicle." The conversation breaks down the critical importance of due diligence, thorough underwriting, and property inspection, to accurately assess value and potential risks. Steven and Drake discuss the power of leverage, which extends beyond debt to include networking, skilled teams, and efficient systems, as a means to maximize returns. The discussion also contrasts the advantages of multifamily real estate—simplicity, cash flow, and leverage—with less desirable options like triple-net leases. A long-term investment perspective and avoiding emotional decisions swayed by short-term market volatility or political influences are essential. Ultimately, Steven discusses his focused approach, emphasizing the necessity of staying committed to core competencies and resisting distractions to achieve sustainable investment success.Find Rustbelt Capital & Steven Speck:LinkedIn (Steven Speck)LinkedIn (Rustbelt Capital)WebsiteBook: "An Infinite Game" on AmazonMore About Holy Hill Media:WebsiteLinkedInInstagramFind Drake:LinkedInInstagramSponsor:This episode is brought to you by Freedom Path Planning! Struggling to define your business endgame? FPP provides the clarity and expertise you need to sell your business and secure your legacy. Get $500 off their Strategic Business Valuation Package with code DoubleClickPodcast (during qualification). FPP helps business owners define their ideal exit, simplifying decision-making and maximizing business value.-Find Your Business Valuation Today

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