WS117: How I Built a Successful Real Estate Investing Business at the Age of 25 with Joel Florek

Listen to the podcast here:

Summary:

Joel Florek, Founder, JF Holdings LLC shares some little-known tips pertaining to financing, property management and networking that can help you mitigate risk and generate greater ROI on your real estate investments.

How do you purchase a property with low money down? What are some skills that you should cultivate before making the transition from small single-family properties to large multifamily deals? You will learn how investing in projects that generate the greatest ROI can help you mitigate risk and ride out down-turns with ease. Tune in for some great insights!

Time Stamped Show Notes:

00:29 – Whitney introduces Joel to listeners
01:22 – How did Joel manage to build up an impressive portfolio at a young age?
02:02 – Joel transitions to multifamily investing in order to enjoy a good work life balance
03:41 – Joel purchases his first multifamily property
04:46 – How did Joel manage to buy his second property at low money down
07:26 – How did Joel arrange financing for his first 4 unit multifamily property?
09:00 – Challenges that Joel had to overcome in the initial phases of his career
12:16 – Joel shares his future plans
13:34 – Why is Joel contemplating syndicating larger deals?
15:58 – Joel’s advice for folks who are planning on transitioning to larger real estate deals
17:12 – Does Joel prefer to invest in deals that are cash flow positive from the get-go?
17:39 – How to maximize ROI on your real estate investments
19:48 – Effective ways of mitigating risk in real estate investing and riding out down-turns
21:16 – Joel reveals how he is dealing with drainage issues on his last property investment
23:32 – What is the ONE thing that helps assure success in real estate investing?
25:18 – Discovering your “Why” is important for finding success in real estate investing
26:53 – Joel shares his contact information
27:17 – Schedule a call with Whitney!
[spp-timestamp time=”27:29″] – A Special Thanks to our sponsor, Life Bridge Capital