Summary
Warren Buffett's first rule of investing — applied to private real estate. Jabari Long breaks down the risk controls, underwriting standards, and structural protections that keep investor capital preserved through every market cycle.
Key Takeaways
- Why capital preservation is the operator's first job, not the investor's.
- The underwriting screens that eliminate the majority of Detroit deals.
- How first-position liens and insurance stack up as layered protection.