#405: Investing While Working Full-Time, Cincinnati Real Estate, and so much more!- with Jay Balekar
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 7 March 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
Jay Balekar is a Real Estate Investment Expert.
Jay is a principal at Compounding Capital Group, a private real estate investment firm that operates more than 5,000 multi-family units in 14 cities, across 8 states.
Jay is a successful business and technology leader with roots in technology consulting. Jay started investing in real estate in 2015 to diversify his investment portfolio. Jay grew passionate about real estate after doing his first few multi-family repositioning deals after realizing the true potential of real estate to create generational wealth, passive income, tax benefits, and a positive impact on society by providing people the most basic need of housing.
Quote:
“One thing I realized was when you actually work as a team, you’re not doing everything yourself…everything is shared which is the biggest benefit when investing together with other people. In retrospect, if there is one thing I could change, I would probably start investing in a group with other people earlier than I did.”
“The lessons learned in any heavy-lift type of project is that whatever you estimate the rehab cost is going to be, just assume it’s going to be 2x…and have enough money raised.”
Highlights:
02:22 - Jay tells listeners more about his background in real estate and his first major real estate investment.
06:32 - Jay dissects how he moved forward after his first major deal and after having no more capital to invest.
08:20 - Jay discusses the challenges he faced during his first renovation project.
15:07 - Jay talks about the lessons he learned that he carries with him into new investments.
16:37 - Jay provides insight into self-management investments and why his company decided to go vertical instead of outsourcing property management.
21:10 - Jay discusses benefits and opportunities within the Cincinnati market and why he invests in it.
23:33 - Jay dives into the real estate team he put together and everyone’s role.
Guest Website:
https://www.facebook.com/CompoundingCapitalGroup/
https://www.linkedin.com/in/jaideepbalekar/
https://www.compoundingcapitalgroup.com/
Recommended Resources:
- Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
- Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
- Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals!
- Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Transcript
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| 0:00.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
| 0:09.5 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.3 | Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen. |
| 0:21.7 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.2 | Now, here's Kevin Bup. |
| 0:30.0 | Hey guys, Kevin Bup here, and I want to welcome you to another episode of the Real |
| 0:33.5 | Estate Investing for Cashflow podcast. |
| 0:35.6 | Our mission is to help you build and maintain massive amounts of cash flow through income producing real estate investments. |
| 0:41.8 | Our guest for this week's show is real estate investment expert, Jay Bellacar. |
| 0:45.8 | Now, Jay is the founding principal at Compounding Capital Group, which is a private real estate |
| 0:51.4 | investment firm that operates multifamily communities in the Cincinnati, |
| 0:55.1 | Ohio market. Jay is a successful business and technology leader, and he's got roots in the technology |
| 1:00.6 | consulting space. And he started his real estate journey back in 2015, really to diversify his |
| 1:07.2 | investment portfolio. And then Jay ultimately grew incredibly passionate about real estate |
| 1:11.8 | after doing his first few multifamily repositioning deals after realizing the true potential and |
| 1:17.3 | power of real estate to create generational wealth, passive income, all the tax benefits that we |
| 1:22.6 | know about, and also to create a positive impact on society by providing people with the most basic need of housing. |
| 1:29.4 | And so, guys, I think, you know, I'm excited to have Jay here on the show, but I'm more excited about, you know, Jay's story. |
| 1:37.7 | Because at present time, Jay's been doing this now a little over six years. |
| 1:41.9 | He's holding down a full-time job all while building this multi, |
| 1:45.4 | multimillion dollar real estate portfolio. And I think that's quite impressive in and of itself. |
| 1:50.1 | And so I'm excited to chat about, you'll chat with Jay about all the things real estate, |
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