Welcome to the Investing in Iowa show! In this episode, I sit down with Kurt Mumm, the president of Cushman & Wakefield Iowa Commercial Advisors. Kurt shares his fascinating journey from growing up in Missouri Valley, Iowa, to becoming a leading figure in the commercial real estate sector in Des Moines. We delve into his early experiences, the lessons learned from the 2008 financial crisis, and his recent venture into the restaurant business. Kurt's insights into market resilience, the importance of relationships, and strategic growth offer valuable lessons for both seasoned and aspiring investors.
Key Talking Points:
- [0:00] Introduction to the Investing in Iowa show and host Neil Timmins.
- [0:53] Kurt Mumm's background and journey into commercial real estate.
- [3:00] Early career and the importance of financial analysis in real estate.
- [6:06] Transitioning from support roles to leading major deals.
- [9:00] Investment strategies and the importance of long-term ownership.
- [11:07] Experiences and lessons from the 2008 financial crisis.
- [16:03] Common traits of successful and unsuccessful investors.
- [18:59] Strategic approach to investments and market opportunities.
- [20:31] The resilience of the Des Moines real estate market.
- [25:35] Kurt's venture into the restaurant business and what he's learned.
Links & Resources:
- Join our next investor workshop: Legacy Briefing (http://LegacyBriefing.com)
- Connect with Kurt Mumm: Cushman & Wakefield Iowa Commercial Advisors (http://www.iowacommercialadvisors.com)
- Little Guy Loans: Little Guy Loans (http://LittleGuyLoans.com)
- Kurt's Restaurant: Destination Grille (http://destinationgrille.com)
Closing Remark:
Thanks for tuning in! If you enjoyed this episode, please subscribe, rate, and leave a written review on Apple Podcasts. It helps us a lot and we love reading your feedback. If you know an Iowan who would be a great guest or if you're interested in being a guest yourself, visit Investing in Iowa to fill out an application. To connect with me directly, go to Legacy Impact Investors and click on the "Invest with Us" button. Until next time, keep investing in Iowa!