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The Academy Presents podcast


Aug 26, 2020

Today I had the pleasure of speaking with Jeffrey Holst, a recovering attorney who spends his time as a real estate investor and is also co-host of the Old Fashioned Real Estate Show. He succeeded in his career as an attorney, but then he hit rock bottom in life-altering circumstances when he got diagnosed with leukemia and faced bankruptcy simultaneously. He found his way back up by investing in real estate.

 

Let’s jump right into Jeffrey’s story of how living your best life is the best way to go, especially if you are faced with different circumstances and adversities in life. The key is to keep going and keep focusing on the positives.

 

[00:01 - 08:54] When to buy and sell during the market cycle

  • Jeff talks about the flow of occupancy
    • Buy whenever you want to buy and sell when it’s high enough for you
  • Long-term financing
    • Make sure you are comfortable keeping it for a long time
  • There’s no such thing as national market cycle
    • Every area and type of real estate is different
  • Jeff talks about the temporary shift in real estate trends during Covid-19 

[08:55 - 16:49] Market Capitalization rate 

  • Jeff shares about the market capitalization rate
    • Commercial property 
    • Operating income 
    • The lower the cap rate the higher the purchase price
  • How to raise the value of your building
    • Increase the net operating income 
    • Decrease the cap rate
  • Jeff talks about the workforce housing 
  • Jeff shares the story about his first deal on multifamily 
  • Jeff talks about his strategy to get infinite return
  • Jeff talks about his Old Fashioned Real Estate Show

[16:50 - 21:32] Passivity scale 

  • How much work do you really want to do in real estate
    • The more risk you take the higher return you going to get
    • Risk is mitigated in being more active
  • Jeff talks about self managing
    • Property manager consideration
  • The common misconception about property manager
  • Jeff talks about how to reach out to him and offers my listeners a free 15 minute call



Tweetable Quotes:

“Being more active will also help you get a higher return. So if you are self managing you’re going to make more on a deal.” - Jeffrey Holst

“The more risk you take the higher return you are going to get.” - Jeffrey Holst

 “Invest with the people you trust” - Jeffrey Holst

 

Resources Mentioned:

 

You can connect with Jeffrey Holst on LinkedIn and Facebook. Learn more about his life story and real estate journey by visiting his website at  https://www.jeffreyholst.com/.

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