We Bought a Steel Mill With No Plan
Steve asks one question before he bids on any deal: why me?
In episode 11 of the Cash and Carried podcast, Steve Khoshabe, founding partner of Speedwagon Capital Partners, explains why he sold his mortgage lender in 2005 and wound down his real estate funds in 2020 instead of growing assets under management. He also covers how Speedwagon bought an abandoned steel mill with no redevelopment plan, why truck parking and mom and pop campsites caught his attention, and why winning a broker process may mean you paid more than everyone else.
The Guest
Steve Khoshabe is a founding partner of Speedwagon Capital Partners, a Chicago-based real estate investor focused on distressed, dislocated and complex opportunities.
About the Podcast
Cash and Carried is a podcast hosted by Shahrukh. Subscribe to get new episodes, or watch this one on YouTube.
The Off-Market
Investor Brief
Our monthly newsletter: founder perspective on off-market opportunities and the market trends behind them.