JF2898: Why Teaming Up Is the Key to Scaling ft. Ismael Rey Reyes

The Best Ever CRE Show

Best Ever CRE

Entrepreneurship, Investing, Business

4.7 • 996 Ratings

🗓️ 9 August 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ismael “Rey” Reyes began investing in single-family homes during his 28-year career in the U.S. Army. Just before retiring as a Lieutenant Colonel, he learned about syndications and how they could allow him to continue to scale his real estate business and build wealth despite his hectic schedule. Today, Rey is president of MI Real Estate LLC, which primarily focuses on the acquisition and asset management of class B and C multifamily properties. In this episode, Rey discusses the system he uses to continuously improve, what to look for when it comes to the ideal contract timeline, and how he’s grown his team to compensate for his increasingly limited time. Ismael “Rey” Reyes | Real Estate Background President of MI Real Estate LLC, which primarily focuses on the acquisition and asset management of class B and C multifamily properties. Portfolio: GP of ~900 units across 14 properties and five states (AL, FL, GA, TN, TX) LP of ~100 units Author of BLUF: The Bottom Line Up Front about Passively Investing in Multi-family Properties Based in: Orlando, FL Say hi to him at: ismaelreyreyes.com Facebook Instagram LinkedIn YouTube MI Real Estate LLC Facebook Instagram LinkedIn Twitter Greatest lesson: The importance of establishing and maintaining passive investor trust. Be the first to get the newest podcast episodes sent to your inbox. Plus, investing tips and advice. Join the newsletter https://bit.ly/3OKRktV Want to be a guest on the Best Ever Show?Sign up here: https://www.bestevercre.com/podcast-sign-up Get the latest FREE eBook: An Investors Guide to Growing & Scaling a Business Through Podcasting: https://www.bestevercre.com/a-real-estate-investors-guide Register for this year's Best Ever Conference in Salt Lake City here! Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for
1:09.0	informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.5	consider any investment or course of action.
1:18.7	For more information go to Best Ever Show.com.
1:21.8	Don't wait until you think you have the perfect plan.
1:24.0	A lot of people get into this paralysis analysis situation where the deal is never quite right, and
1:29.1	it's never going to be.
1:30.6	What you can do is get an 80 to 85% solution on your business plan, go forward and
1:36.4	make some adjustments along the way and stay in the deal as opposed to not getting in it.
1:41.2	And then learning from that.
1:42.2	Welcome to the best ever show, the world's longest running daily commercial real estate
1:46.8	podcast.
	...

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