Blockchain and Future Cap Rates with Ellis Hammond
Today we sat down with Ellis Hammond, Principal from Symphony Capital Group. We discuss what future cap rates look like as well as real estate on the blockchain. Ellis worked in the ministry and then had an experience that made a major impact on the way he views money. He now works full-time in real estate and has an incredible story that led him to do large multifamily deals.
00:00 – Introduction to Ellis and his story
02:52 – Blockchains impact on real estate
08:24 – Symphony Capital Group leveraging Blockchain
12:12 – Devil’s advocate thoughts to RE on the blockchain
16:42 – Buying 1 billion dollars in real estate
17:29 – Cap Rates and their future
22:46 – If you have money sitting in the bank
24:25 – What assets to hold, or not to hold?
29:15 – What is Symphony working on now?
32:33 – Ellis 1-2 recommendations for someone new?
35:02 – How to connect with Ellis Hammond?