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JF3343: Jay Balekar - Strategies for Growing 400+ Units in Two Years

JF3343: Jay Balekar - Strategies for Growing 400+ Units in Two Years

FromBest Real Estate Investing Advice Ever


JF3343: Jay Balekar - Strategies for Growing 400+ Units in Two Years

FromBest Real Estate Investing Advice Ever

ratings:
Length:
44 minutes
Released:
Oct 30, 2023
Format:
Podcast episode

Description

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. In this episode, we delve deep into the world of commercial real estate with Jay Balekar, a seasoned investor who has scaled his portfolio significantly in just two years. Jay shares valuable insights into strategies for success, market conditions, and tackling the affordability crisis. Whether you're a seasoned commercial real estate investor or just starting, you won't want to miss this conversation. Key Takeaways: Adapting to Market Conditions: Jay emphasizes the importance of staying adaptable in today's commercial real estate market, which is seeing rising costs, inflation concerns, and shifting rent dynamics. His strategy involves being patient, underwriting deals carefully, and maintaining a focus on operations to navigate these challenges effectively. Solving the Affordability Crisis: Addressing the affordability crisis in real estate requires more than just handing out subsidies to tenants. Jay suggests incentivizing developers and private investors to create affordable housing by reducing construction costs in targeted areas. He argues that this approach can lead to sustainable, financially viable solutions. The Power of Delegation: Jay highlights the value of delegation in real estate investing. He recommends focusing on your strengths, leveraging your team, and improving operational efficiency. By doing so, investors can scale their portfolios and make more informed decisions in the complex world of commercial real estate.   Jay Belekar | Real Estate Background Founder of Compounding Capital Group Based in: Cincinnati, OH Say hi to him at:  LinkedIn Best Ever Book: Who Not How by Dan Sullivan Greatest Lesson: Be careful who you listen to, which guru you choose, which books you read. Don't just look at those feel good YouTube videos about how in one year people quit their jobs and are now driving Lamborghinis. That does not happen. That's not sustainable. So you gotta put in the work.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct
Released:
Oct 30, 2023
Format:
Podcast episode

Titles in the series (100)

Are you ready for the best real estate investing advice EVER? Welcome to the world's longest running, DAILY real estate investing podcast hosted by Joe Fairless. Joe went from buying $35,000 single family homes to controlling over $500,000,000 worth of large apartment communities in under a decade. Join Joe as he interviews flippers, renters, builders, passive investors, and many other successful professionals ready to give you their Best Ever advice without the fluff. Plus, tune in every Friday for a special episode as Joe shares his own real estate investing and personal development knowledge.