Jay is the founder and managing principal of the Compounding Capital Group. Jay started investing in real estate in 2020 to diversify his investment portfolio. Although Jay was always interested in learning about and investing in real estate, he became passionate about real estate after doing his first few multi-family repositioning deals after realizing the true potential of real estate to create freedom of time, money, and location. Jay specializes in cash-flowing commercial multifamily real estate. We talked to Jay about the importance of good broker relationships, the value of relationships, and being a credible investor.
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Groundbreaker: Click here to learn how to raise more money and speed up the syndication process by 80%! [00:01 – 04:58] Opening Segment
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Jay talks about his background;
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How he started his investing journey;
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Why enjoying the process is more important than the results;
[05:16 – 15:32] Brokers vs. Off Market
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Jay talks about some of the challenges that he faced stabilizing a value add property;
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Key lessons learned from Jay’s first deal;
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The value of relationships;
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How Jay added 560 units to his portfolio in 2 years;
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Why you should find the deals that make sense;
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Why having a good relationship with brokers is key;
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Brokers vs. Off Market;
[15:32 – 25:46] Credibility
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How you can get credibility early on to build relationships;
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The importance of getting in the right circles,
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The reasons why you need to be a part of a mastermind, and have coaches,
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Why you should establish yourself as someone who should be treated as a credible investor;
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The things you can do to show that you are credible;
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Working on a business vs. Working a job;
Announcement: Download Our Sample Deal and Join Our Mailing List [25:46 – 31:10] Round of Insights Apparent Failure: The rehab budget in his first deal Digital Resource: Asana Most Recommended Book: The Gap and The Gain Daily Habit: Meditation #1 Insight for Multifamily Investing: Find the right people. Best Place to Grab a Bite in Cincinatti: Dewey’s Pizza and Skyline Chili Contact Jay: To learn more go to Jay’s website or find him on Linkedin.
Tweetable Quotes: “Real estate is a get rich slow game, not a get rich quick game. So you have to be very patient.” – Jay Balekar Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.