Jim Lee: How To Acquire 600 Units In 2 Deals

REL Freedom Podcast

English - March 23, 2023 15:00 - 23 minutes - 16.5 MB - ★★★★★ - 10 ratings
Entrepreneurship Business entrepreneurship real estate real estate agent financial freedom streams of income building wealth business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Yoni Rios: From Immigrant To Ex-Felon To Earning 7 Figures

Next Episode: Robin Binkley: Stewarding Other People's Money In Real Estate

How can you own 600 units in just 2 deals? This is the power of real estate syndication! In this situation you don't own them 100%, but it's a fractional stake in the properties. However, there is a lot of power in the economies of scale and the way the syndication is set-up and run. Meet Jim Lee, who was born and raised in Taiwan and came to the United States at the age of 11. He graduated with a degree in Economics from UCLA in 2010 and began working as a sales rep with LoopNet & Costar, which exposed him to commercial properties. During the COVID lockdown is when he began to explore ways to scale his real estate investment business more quickly and discovered syndications. He formed Formosa Investing and acquired 600 units in Florida, along with other general partners on the deal. Jim shares why syndications are such a powerful asset to investing in and how you can get started in your journey today.

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