🔥On this Real Estate Hustlers Podcast episode, we will be talking with Jay Balekar

Business and technology leader with roots in tech consulting B.S Honors in Computer Science from Texas A&M University and M.S. in Information Systems from Univ. of Cincinnati. 10+ years experience in Cyber Risk Consulting at a Big 4 Consulting Firm serving Fortune 100 clients Passionate about adding value and growing wealth through real estate investing. Founder of Compounding Capital Group (CCG) and has successfully stabilized and repositioned various apartments in Cincinnati MSA.

What actionable value will you provide to our listeners?

Focusing on education first, buying what you can manage, controlling the value add plan and operations, slow and steady growth for long term success

The goal of real estate investing for Jay

Jay's investment in two four-family properties in Cincinnati

The unexpected expenses Jay encountered during the renovation

The importance of thinking about ROI in real estate investing

The benefits of getting multiple bids and learning from contractors

The importance of attending meetups and conferences for learning and networking

The benefits of joining a Mastermind group

Jay's current portfolio and sustainable acquisition strategy

The importance of buying conservative and keeping what you buy in a changing market

Key Takeaways:

"As an employee, I'm running on a treadmill and I'm paying most of the taxes, while if you're an entrepreneur or self-employed, your tax liabilities go down a little bit, but at the same time you're building assets."

"You have to have a long-term mindset when investing in real estate. You can't just look at the short-term gains."

"The more people you talk to, the more you learn, and over time, the more you have learned and continue to talk to more people, you can give back, too."

"It's a good time to focus on operations and building your business, focusing on your processes rather than being greedy and buying more."

"My goal was never to raise too much capital because the goal for me is freedom of time and peace of mind."

"Trust is built on performance. If you're going to perform, you will naturally get trust of others."

"Real estate truly is a team sport. I would say that actually any business, for that matter, is truly a team sport. And life in general is a team sport. People who work with a team do better in life, period."

"Experience is everything in learning how these things are structured behind the scenes. There's not videos out there. You can't find a video on how a waterfall or how a general partnership is truly structured by percentages."

"Buying good deals that make sense to you and your investors rather than buying more deals makes more sense."

Connect with Jay:

LinkedIn: Compounding Capital Group

Facebook: https://m.facebook.com/CompoundingCapitalGroup/

Instagram: https://instagram.com/compoundingcapitalgroup

Connect with Josh Appelman

Facebook: ⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/josh.appelman.108/⁠⁠⁠⁠⁠⁠⁠

Facebook group: https://www.facebook.com/groups/realestatehustler

Linked in: ⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/josh-e-appelman-97767973/⁠⁠⁠⁠⁠⁠⁠

Website: ⁠⁠⁠⁠⁠⁠⁠https://www.appelmanproperties.com/⁠⁠⁠⁠

Growing the portfolio sustainably with Jay Balekar | Episode 37

Real Estate Hustlers with Josh Appelman