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Published Jun 30, 2021

A Discussion on Sam & Shaan's Recent Investments | My First Million #195

Sam Parr and Shaan Puri uncover the dynamics of their recent diverse investment ventures, discussing strategies in startup and international markets, the impact of real-time data in tech investments, and the innovation in real estate platforms like Ruumr, while sharing their decision-making insights and risk management approaches.
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  • Online Auctions

    The podcast explores the innovative approach of online auctions in real estate, particularly through platforms like Ruumr. and discuss how Ruumr allows users to view properties, make offers, and engage in live bidding, creating a dynamic marketplace 1. This model aims to solve traditional real estate challenges by providing transparency and competitive pricing. highlights the potential of this approach, noting, "If you're bidding half a million dollars for a house and you see that the winning bid was 505, you're like, well, if you guys would have told me, I would have bet 510 and you would have made more money and I would have got what I wanted" 1.

       

    Real Estate Innovations

    The discussion moves to broader real estate innovations, with expressing interest in unconventional business models. He shares his belief that in the future, buying homes online will become as common as purchasing clothing 2. This vision includes embracing wild ideas that could lead to significant breakthroughs. states, "I put a small amount of money into it because I'm just really interested to learn. And this is a wild idea that I think the portfolio has to have some wild ideas" 3.

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