Strategic Investment Approach: Embracing Cash-Flow-First with Joel Friedland | Know your why #250

EPISODE SUMMARY:

We're excited to bring you an insightful conversation with remarkable entrepreneur and seasoned real estate investor, Joel Friedland. Known for his resilience, determination, and business acumen, Joel takes us back to his humble beginnings as a 14-year-old landscaper going door-to-door to his present-day venture in real estate syndication. Immerse yourself in his wisdom as he stresses the importance of good judgment, the power of apology, and the role of mentors in shaping his career path.

Buckle up as we navigate the turbulent terrain of real estate investing, with Joel guiding us through the market changes of the past four decades. Learn from his experiences to understand the significance of trust in successful investing and managing inherent risks effectively. Be prepared to be inspired as he candidly shares how being open to opportunities paved the path to his fortune.

In the final stretch of our conversation, Joel imparts profound lessons on learning from losses and harnessing the power of resilience in the face of adversity. He emphasizes the importance of a receptive mindset towards opportunities and his mission to enrich others with investment knowledge. To wrap it all up, Dr Jason Ballara engages with real estate investors and mindset specialists, dissecting the motivations that drive high achievers. This episode is a treasure trove of inspiration and practical tips for anyone looking to elevate their professional life. So, grab a notebook and get ready to glean some invaluable insights from our conversation with Joel Friedland!

JOEL'S BIO:

Joel's story is genuinely remarkable. He began his entrepreneurial journey at the age of 14, running a landscaping business where he convinced 70 families in one weekend to allow him to manage their landscaping, and hired 40 other high school and junior high students to manage the workload. Eventually, he started his own brokerage firm which grew to manage over twenty brokers.

Over the last 40 years, Joel has been involved in nearly 100 acquisitions, totaling around 3 million square feet, and has raised over $250 million in private capital. Today, he focuses on low-risk, cash-flow-centric investments and manages an industrial portfolio of 18 buildings.

Joel's experience and the lessons he's learned, especially during the Great Recession of 2008, provide a unique perspective on real estate investment. His shift towards conservative (all cash, no mortgage!) investments and a cash-flow-first approach is particularly relevant in today's market. His insights can resonate with your audience, especially those interested in real estate, finance, and prudent investment strategies.

GET IN TOUCH WITH JOEL:

www.britproperties.com

https://www.linkedin.com/company/11769890

EPISODE CHAPTERS:

(0:00:01) - Entrepreneur's Journey in Real Estate Syndication Joel recounts his journey as a successful entrepreneur and real estate investor, from starting a landscaping business at 14 to learning from his mentor Milt and becoming a syndicator.

(0:13:24) - Shy Kid to Business Owner I overcame shyness to become a successful entrepreneur and real estate investor, learning fundamentals of pitching and leveraging debt.

(0:20:36) - Investing in Real Estate and Volatility Joel emphasizes trust, risk mitigation, and caring deeply when investing in real estate.

(0:26:37) - Real Estate Investment Joel shares advice on building a successful business, real estate investing, having smart advisors, due diligence, vulnerability, and avoiding shame.

(0:35:34) - Real Estate Investment Structure and Strategy Joel emphasizes open opportunities, explains why flipping isn't always best, and shares a story of making a million and a half dollars.

(0:41:27) - The Importance of Learning From Losses Joel shares his journey of successful business and real estate investing, emphasizing open-mindedness, judgement, and learning from losses.

(0:55:00) - Power of Your Why Podcast Dr. Jason Ballara speaks to real estate investors and mindset specialists to motivate success and build life according to their own terms.

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/