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 POINTSWhy engineers make great multifamily investorsHow to start in multifamily investing with no experienceJoint venture model versus SyndicationWhy it’s an opportunity to be turned down by banksThe process of Myers Method (4Fs)Mistakes to avoid when starting out in joint venturesThe 4 challenges of every investor to overcomeThe power of using leverage in real estateWhy invest in multifamily real estateLandlords responsibilities to their tenants & sense of communityLIGHTNING QUESTIONSWhat 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? RentometerWhat book would you recommend to the listeners and why?Millionaire Success Habits book by Dean GraziosiIf 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.