Getting In The Game - My 6 Principles For Building A $350M Real Estate Portfolio From $0 with Jeremiah Boucher (Patriot Holdings CEO) and Marty Grizzanti
Jeremiah Boucher built a $350 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.
In this episode:
- Debt funds provide a secure and protected position as a lender in real estate investment, offering steady cash flow and the potential for high returns.
- The current real estate market in 2024 is challenging, with high interest rates, tough access to loans, stagnant rents, and slow project timelines, emphasizing the need for prudence and defensive strategies.
- Jeremiah stresses the importance of focusing on core strategies and value creation in real estate to succeed in the current market climate.
- Building relationships is essential for success in real estate investment, with emphasis on networking groups, conferences, and values such as honesty, integrity, passion, and innovation.
- True generational wealth is created by investing in hard assets, with the added benefit of continually increasing value due to inflation.
- Six principles for successful real estate investment are finding value in the deal, having a competitive edge, being innovative, staying the course, building relationships, and trusting instincts.
- Understanding different stages of careers and their risk approaches is crucial in real estate investment.
- The importance of remaining calm and focused in the face of life's drama is highlighted, including daily practice to maintain composure.
- Investing in debt products as a lender in real estate can provide a secure position with potential for high returns, emphasizing the need to master individual asset classes to unlock their value.
- Consistency in long-term investments in real estate pays off, and belief in oneself is essential for making decisions and taking chances in business.
Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com