You’ve got to learn to pivot and course-correct to succeed in business. That’s the first lesson our guest learned as he got into the real estate industry. Meet Joseph Evangelisti in this #TechandTacticsTuesday episode! How Joe got into real estate started in childhood. His dad was in construction, so he grew up on a construction site. Joe loved seeing houses get built or turned into something more beautiful. He jumped into real estate in 2007 but shortly after, the market collapsed, and he had to shift gears quickly.
Our Gracious Sponsor
Get educated on current and forecasted market trends and valuable insight on real estate-related topics from accredited experts; giving you a competitive edge in the industry.
Sign up for the next Agent Ignite session at www.theruethteam.com/events.
Watch the episode here:
Listen to the podcast here:
Because Joe was quick to pivot and make changes when necessary, he has grown tremendously in his business. He’s not just successful financially, but he’s also created a business that fits his lifestyle. Joe has time to be with his family and build relationships. He decided to pivot to self-storage from flipping houses, and he’ll share with us the opportunities he found in this industry. Listen now!
Key Points From This Episode:
- Joseph talks about his years as a Navy Construction Battalion (CB) where he got into construction while wearing a uniform.
- In 2007, he went full-time into real estate and got into rehab deals.
- In 2008, the market turned and they had to pivot and course-correct. Joe had to learn how to do things differently to stabilize their assets.
- About seven years after, Joe was running multiple different companies.
- Amid great business success, Joe had to make the second biggest pivot in his life. What forced him to leave his comfort zone?
- Joe speaks on hiring mentors and coaches, getting involved in masterminds, and surrounding himself with people who are not just successful financially but also living the type of life he wanted to live.
- How did he find the right mentor?
- Joe talks about pivoting to commercial real estate and into the self-storage business.
- Joe talks about developing versus buying pre-existing storage.
- He mentions three options for self-storage: ground-up construction, big-box reconstruction, and value add.
- How has the pandemic affected the self-storage business?
- How do Legacy Developers operate differently in the self-storage space?
- How did Joe’s team pivot from flipping houses to doing self-storage?
- Joe talks about how he developed his leadership skills.
“I think it’s critical for any business success is you have to learn how to course-correct, you have to learn how to pivot.” [00:05:32]
“Adversity sometimes forces us to do the things that we maybe should have been doing all along.” [00:05:41]
“I think that, when they say 65% of small businesses fail in the first three years. I think it’s because a lot of people are just so set in their ways, they’re afraid to pivot, they’re afraid to make change, they’re afraid to course-correct, and then they just get sunk.” [00:05:53]
“You can create businesses that support your lifestyle. You can do things that you love to do and make time for your family and be a good dad and be a good husband and all that kind of good things, be with good friends, build great relationships.” [00:08:34]
Links Mentioned in Today’s Episode:
About Joseph Evangelisti
Once known as “The Flip King”, Joe Evangelisti is now the host of The Legacy Blueprint podcast and a leading expert in real estate investing – specifically in the self-storage industry.
After experiencing “burnout” from chasing single and multi-family deals, Joe walked away from his wildly successful flipping empire and transitioned to the world of Self-Storage.
Today, Joe’s mission is to show others how to tap into the massive opportunities hidden inside the self-storage industry. Opportunities that require far less time, less risk, and exponentially more profits than any industry in real estate.
In addition to The Storage Syndicate, Joe also serves as the CEO of three 7 and 8-figure companies.
Prior to building his business and real estate empire, Joe served in the military as a Builder in the US Navy Seabees. He holds Letters of Commendation from the US Navy and The White House, a Letter of Appreciation from President Clinton, and numerous service medals. Joe lives with his wife Ashley and their 2 girls in beautiful Haddonfield, New Jersey.
Love the show? Subscribe, rate, review, and share!
Join the Real Estate Syndication Show Community: