#217: Luminus Capital - Karl Graham

This episode"s guest is Karl Graham, co-founder and principal at Luminus Capital, an investment firm specializing in self-storage and industrial real estate. Karl is also a small business entrepreneur that has founded various start-ups. This episode we discuss Karl"s journey from a geologist in the oil and gas industry to building a thriving real estate business. We talk about his strategies for identifying value-added opportunities and his data-driven investment approach.  Episode flow:   - Transitioning from geology to real estate   - Self-storage investments  - Future Opportunities in Real Estate - Operational leverage and market trends - SMB Build vs Buy - Partnerships and creating long-term value Connect with Karl Graham:   - Luminus Capital Website: https://luminuscapital.com)   - Karl"s Twitter: https://twitter.com/Karl_Luminus Hope you Enjoy the show! Timestamps: 00:00:00 - Intro 00:01:52 - Karl"s Background and Journey into Real Estate 00:03:43 - Transition from Oil and Gas to Real Estate 00:07:24 - Challenges and Opportunities in Starting a Real Estate Business 00:13:13 - Utilizing Global Talent and Sacrifices in Starting a Business 00:16:45 - Strategy for Self Storage 00:20:12 - Capital and Risk in Business 00:23:14 - Advantages of Real Estate Investment 00:26:01 - Debt Management in Business 00:33:13 - Future Plans in Real Estate 00:35:29 - Exploration and Expansion in Business 00:40:46 - Initial Business Ventures 00:43:54 - Challenges with Google Business Profiles 00:46:43 - Reflections on Business Failure 00:48:11 - Starting a Business vs Buying a Business 00:51:31 - Starting a Fencing Business 00:55:52 - Marketing Strategies for Fencing Business