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The Real Estate Way to Wealth and Freedom - Jacob Ayers EPISODE 310, 11th May 2020
Joint Ventures and Building Communities with J Myers
00:00:00 00:59:04

Joint Ventures and Building Communities with J Myers

Jerome Myers, also known as “J”, is a developer of people and place, an engineer, real estate entrepreneur, an expert in multifamily, investor, educator, coach, and the host of the podcasts DreamCatchers and Myers Methods Presents Multifamily Missteps. J is the founder and the Chief Inspiration Officer of DreamCatchers and the Myers Development Group, who built a multi-million-dollar portfolio following the principles of Myers Method - a real estate education company created to educate investors on his 4-step process to owning and operating apartments.

KEY POINTS

  1. Why engineers make great multifamily investors
  2. How to start in multifamily investing with no experience
  3. Joint venture model versus Syndication
  4. Why it’s an opportunity to be turned down by banks
  5. The process of Myers Method (4Fs)
  6. Mistakes to avoid when starting out in joint ventures
  7. The 4 challenges of every investor to overcome
  8. The power of using leverage in real estate
  9. Why invest in multifamily real estate
  10. Landlords responsibilities to their tenants & sense of community

LIGHTNING QUESTIONS

What was your biggest hurdle getting started in real estate investing, and how did you overcome it? -

  • J couldn’t get into the game because he didn’t know anybody and he didn’t have the experience. J went out and met with people who were already in the field and learned from them.

Do you have a personal habit that contributes to your success?

  • Get up early and walk 6 miles a day to devote time to thinking, reflecting, & strategizing things.  

Do you have an online resource that you find valuable?

What book would you recommend to the listeners and why?

If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?

  • Go to your local REIA (real estate investment association) meeting. Educate yourself and go network.

 RESOURCES

Visit Audible for a free trial and free audiobook download!

Fake by Robert Kiyosaki

Myers Methods Website

LinkedIn

Instagram

Myers Methods Presents Multifamily Missteps Podcast

Dream Catchers Podcast