On today’s episode, we are joined by Buck Joffrey to talk about his career in real estate syndication. Choosing to leave his medical practice freed Buck up to focus on his real estate investing, which quickly become profitable for him. He shares some insights into how he managed to achieve such prolific success in a short space of time.
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Often people in the syndication business think that it is a one man show, but Buck believes that this could not be further from the truth. Instead, having the right, supportive team is crucial to success. In building a team, it is important to understand what you are good at and stick with that, rather than trying to be a jack of all trades. Instead of viewing a team as potential competitors and a threat to profitability, surrounding yourself with the right people allows everyone to do what they are best at enabling the company to thrive. Buck also shares some other insights, such as the importance of finding the right deals, the power of personal branding and much more. For all this, join us today!
Key Points From This Episode:
- Some of Buck’s background and how he got involved in real estate syndication.
- Why defining what syndication means is important in achieving success.
- How Buck managed to find his niche so early on in his investing career.
- What Buck has done to raise 70 million dollars in 12 months.
- How Buck approaches marketing for his business.
- The specific asset class that Buck is currently focusing on and his motivations for doing so.
- Why it is not a good idea to have a ‘buy and hope model’ in the current climate.
- It is so important to ensure that investors understand the deal thoroughly.
- Be aware of your strengths and weaknesses when building your team.
- Some techniques to use to ensure that clients are aware of the full extent of a deal.
- Having the right team in place allows you to a better job for many reasons.
- The problems with having people who are too quick to latch onto deals.
- Being hyper protective of your personal brand at the expensive of profit is often necessary.
- Transparency is the most important thing when caring for investors.
[bctt tweet=”You want people who invest in your offerings to believe in it the way you do. — @BuckJoffrey” username=”Whitney_Sewell”]
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About Buck Joffrey
Dr. Buck Joffrey is a surgeon turned serial entrepreneur, asset manager, and podcaster. Dr. Joffrey finished his surgical training in 2008. Since then, he has started multiple seven and eight figure businesses and has amassed a substantial portfolio of investments in the real estate, energy, internet, and health sectors. He is also a financial educator as well as the host of the highly regarded Wealth Formula Podcast and international #1 best-selling author of 7 Secrets of Eternal Wealth. His book focuses on financial education for high paid professionals. Dr. Joffrey is also dedicated to providing institutional grade private investment opportunities to individuals as an alternative to the traditional Wall Street investing paradigm.
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