116: Why did ‘The Economist' feature this Investor of South American Real Estate? Find out with Michael Koh…

Background on Michael Koh of Koh Investments:

Michael Koh is the Founder and CEO of Koh Inversiones (Koh Investments). Michael has often been called a visionary by locals and foreigners alike for his foresight on the real estate market and his investment activities within Argentina. He was the largest buyer of residential real estate in Buenos Aires from 2003 to 2010. Under his leadership, Michael spearheads operations, provides strategic direction in alignment with bottom-line factors, and oversees long-term planning, global investment management, & marketing activities. Michael also demonstrates expertise in real estate development, complex financial transactions, as well as corporate and financial advisory services.

Koh Inversiones has helped finance, purchase, and provided consulting on some of the premier real estate projects in Buenos Aires, Argentina. Their firm has been involved with real estate development, property management, asset management and all aspects of construction.

Michael proudly call himself an Entrepreneur and has successfully founded, managed, and operated several multi-million dollar companies over the past 20+ years. His latest real estate start-up, fypio (rebranded as OpenHouse), he founded and built into a multi-million dollar company within 18 months, when it was acquired in June 2015. Quicken Loans went on to acquire the technology and software the fypio team built in January 2017.

Time-Stamped Show Notes:

[2:51] Michael Koh considers himself as a serial entrepreneur. He has started several companies through the years and he is the creator of Koh Investments.
[3:54] Before breaking into the real estate business, Michael was in the health care field and he co-owned a medical company.
[5:44] When Michael was in Buenos Aires, a business idea suddenly clicked in his mind. He tells a very interesting story about how he started this business idea.
[10:19] After college, Michael worked in the medical field as a physician recruiter. Soon, he joined a company that provides medical services for large companies.
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[15:35] He was an effective physician recruiter because he was following a common sense approach to doing business.
[19:31] Michael made 3 life changing decisions at once, which proved to be the right decision for him.
[23:32] In 2003, Michael completely moved to Argentina to run his consulting and investment company.
[25:03] Michael trained himself on how to use Google Adwords. He also gave some insight on how he initially runs his company.
[28:56] Michael explains why it can become very difficult to start a business in Argentina.
[30:29] Michael explains how his company makes money.
[33:57] There was a lot of risk when doing business in Argentina. Having a terrible banking system in the country can be a big factor in heightening those risks.
[36:33] Michael tells the story of how his company got broken into by robbers.
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[41:18] Michael talks more about his personal life. Having a family changed most of his perspective in life.
[47:15] Michael has sold his company but he still remains active by helping other companies and take on advisory roles. He also helps people sell and purchase properties in Buenos Aires.
[54:33] Michael believes that anything can be learned. He gave his last important advice to the listeners regarding how to achieve success.

Fabulous 4 Questions:

📖 📚 Favorite Book(s)? The Monk who sold his Ferrari by Robin Sharma
🙌😎 Favorite Amazon.com purchase? DJI Mavic Pro
🌱💸 Favorite Tool that's GROWN your Business? Microsoft Outlook
💭💡 BIGGEST Challenge keeping your Business from GROWING? Having 3 young kids. Really I could grow much faster and make more money if I didn't have kids but I really control the time I work as I want to spend so much time with my kids. Pre kids I routinely worked 18 hours a day.