#158 with Josh Gorokhovsky: How to Raise Capital for Flips & Why You Need a Mentor

Millennial Millionaire Real Estate Podcast

English - January 19, 2021 18:44 - 50 minutes - 92.3 MB - ★★★★★ - 56 ratings
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Previous Episode: #157 with Michael Glaspie: How to Scale to Buying Over 100 Rentals, Syndicating a Hotel, and Building a Brokerage for Investors

Next Episode: #159 with Anthony Metzger: Building Long Term Wealth and Finding a Top Mentor Without Having to Pay Anything

In this episode, Jonathan Farber interviews Josh Gorokhovsky on his journey from meeting a real estate mentor in college to having 24 deals either completed or in progress and over 30 units either under management or in construction. Josh is a flipper and developer based in Los Angeles, California. In this episode, we dig into topics like: leaving a corporate job, why you need a mentor and how to get one, how to find deals on a budget, and more!

Top Takeaways:

Deciding to leave a W2 for real estate - 7:45 - 8:45

Depending on your timeline, you may have to accept a knock to your quality of life at first
Consider the people that depend on you and whether they would accept your decision
If you live frugally and dedicate yourself to learning you can grow back quickly

Finding a mentor and the reason you should - 11:00 - 12:15

A mentor will help you develop the right perspective to be successful in real estate
Once you know someone you want to learn from, offer them all the effort you have
Anyone you’ll want to mentor you will be in high demand so show you’re worth it

Finding deals with pure grit - 16:00 - 17:15

A tried and true method is trying as many leads as you can find
Cold calling any numbers you can find, knocking any doors you see that fit your deals
Driving for dollars is easily accessible and has existing systems around it

How to bring value to Josh Gorokhovsky:

He’s looking for deals and qualified investors in the LA area

Resources:

todoist.com

yardi.com

Social Links:

biggerpockets.com/users/JoshGorokhovsky

@joshgorok

@telosproperties

linkedin.com/in/joshgorok

facebook.com/josh.gorokhovsky

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