Competence and ethics are the two most important things that Omar looks for in syndicators and operators. He stresses in this episode that when you put your money in a deal, you are also investing in people. So, when you’re analyzing a deal, don’t focus too much on the quantitative aspect – whether it’s 15% or 15.5% IRR. Focus on the people you will be working with. Screen them religiously and look at their trench experience.
You don’t need to be an expert in every part of the deal before you can start to invest. Just look for the right people – operators and syndicators that are really good at what they do. As Omar puts it, you may have a sub-optimal deal in an average market, but with a fantastic operator, you’ll be fine. Or, you may have a phenomenal market and great asset but if you’re working with an incompetent team, you will really have a bad time. Investing in people is the key!
Key Points from This Episode:
“All roads lead to who you are investing with." [00:08:47]
“Focus a lot on the people. And a lot of times what your gut even tells you.” [00:09:05]
“Consistency, I feel is very important in pretty much all areas of life. I think like relationships, health, business investing, consistency is everything.” [00:19:53]
About Omar Khan
Omar is the principal at Boardwalk Wealth. He is responsible for capital raising, strategic planning, and investor relations. He has over 10 years of global investment experience.
He has participated in capital financing and M&A transactions valued at $3.7 billion. He is a CFA Charter holder and graduated with honors from the University of Toronto with a B.Com in Finance.
Omar moved from Canada and lives in Oklahoma with his wife and sons.