#168 with Yosef Lee: Finding Multifamily as a Tool to Build Wealth & Closing a 44 Unit for His First Deal
Millennial Millionaire Real Estate Podcast
English - February 04, 2021 21:37 - 50 minutes - 92.9 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Yosef Lee on his path from finding multifamily as a tool to build wealth to closing a 44 unit in his first deal. Yosef is a full time lawyer and side hustle syndicator based in New York City. In this episode, we delve into topics like: selecting an asset class, deciding if you need a mastermind, why you need to invest at distance, and more!
Top Takeaways:
Choosing an asset class based on your needs - 11:45 - 14:00
Compare the various types of property and determine what will help you reach your goals
Multifamily has benefits that help many people, specifically the work to scale ratio
Commercial real estate can fluctuate with the economy, but people will always need housing
Is a mastermind right for you - 15:15 - 17:00
Although there are many free resources available, they can’t help you take action
A mastermind or a coach can be there to give you the kick and confidence you need to act
Shop around different groups and look for who you can relate to
The power of investing outside your home market - 17:15 - 20:15
If you live in an expensive housing market, investing there is setting yourself up for struggle
You will eventually learn that a good system can run a property anywhere
This expands your potential market to anywhere with an internet connection
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