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JF3407: Strategies for Success in Medical Real Estate and Mentorship ft. Sterling Griffin

JF3407: Strategies for Success in Medical Real Estate and Mentorship ft. Sterling Griffin

FromBest Real Estate Investing Advice Ever


JF3407: Strategies for Success in Medical Real Estate and Mentorship ft. Sterling Griffin

FromBest Real Estate Investing Advice Ever

ratings:
Length:
43 minutes
Released:
Jan 2, 2024
Format:
Podcast episode

Description

Sterling Griffin, Founder of Sterling Capital, shares his journey from homelessness to financial freedom through medical real estate investing. He discusses the unique strategies he employs in this niche market, the importance of mentorship, and valuable lessons learned along the way. Key Takeaways: Buy Off Market, Sell on Market: Sterling emphasizes the importance of buying off-market properties in the medical real estate sector. By identifying hidden opportunities that haven't yet been priced at their full market value, investors can secure unique deals that offer significant potential for profit. The Power of Mentorship: Sterling attributes much of his success to mentorship. He highlights the value of learning from those who have already achieved what you aspire to accomplish. Mentorship can provide essential insights, shortcuts, and the right mindset needed to thrive in the world of commercial real estate. Investing in Medical Real Estate: Sterling's approach to medical real estate investing involves securing existing properties, planning for specific tenants, and having exit strategies in place. While the market dynamics may change, Sterling focuses on delivering consistent returns, typically targeting around 30-31% returns, showcasing the importance of adaptability in real estate investment. Sterling Griffin | Real Estate Background Founder of Sterling Capital Portfolio: $20 million in medical real estate $9.5 million in other NNN commercial properties Based in: Austin, TX Say hi to him at:  LinkedIn Passivemedicalrealestate.com Twitter Best Ever Book: The Success Principles by Jack Canfield Greatest Lesson: Not getting everything in writing and relying on a tenant's word as I invested heavily into specialized development for their needs.   Sponsors BAM Capital
Released:
Jan 2, 2024
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.