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    Short

    Why Investing in Dogs Is a Massive Opportunity

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    Pet spending has stayed durable through downturns while most discretionary categories have not. Robert Capelli lays out why he underwrites boarding facilities as recession-resistant, real-asset-backed credit rather than a novelty niche.

    • #petindustry
    • #privatecredit
    • #alternativeinvestments
    • #recessionresistant
    • #investing

    From the full episode

    Inside a New Private Credit Asset Class: Dog Boarding and Kennels

    Was able to put 35 million together to build big houses in nice neighborhoods and then have our investors sell those and so that I've been a little bit a part of it since the beginning.
    Listen to the full episode with Robert Capelli

    Frequently Asked Questions

    How big is the dog boarding market?
    About $25 billion a year, inside a US pet care market of roughly $150 billion that is projected to reach $200 billion by 2032. The boarding segment itself is growing around 8 percent a year.
    What return does Canine Capital offer investors?
    A 14 percent fixed return paid monthly, with a 1.5 percent management fee on top and a three-year hold, after which investors can either recycle the capital or cash out.
    Why do self-directed IRAs suit this kind of investment?
    Because the return is fixed, the term is fixed, and payouts are predictable — Robert points out that retirement accounts fit naturally with private credit for exactly that reason.

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