• 168: The Unflashy Path to Multifamily Real Estate That Anyone Can Follow with Lee Yoder

  • Aug 29 2024
  • Length: 51 mins
  • Podcast

168: The Unflashy Path to Multifamily Real Estate That Anyone Can Follow with Lee Yoder

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  • Summary

  • Finding your real estate investing niche doesn’t have to be flashy or complicated. Being a one-trick pony can be a lucrative asset. On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Lee Yoder to the show. Lee is the founder and CEO of Threefold Real Estate Investing, which helps investors achieve passive cash flow, growth, and wealth through multifamily properties. Lee also stuck with his W2 physical therapy position while growing Threefold into the company it is today. Jonathan and Lee open their conversation by delving into Lee’s physical therapy career, revealing that his experience with a startup company exposed him to entrepreneurship. Lee shares the difference between wanting to be an entrepreneur and wanting money and why they aren’t the same. You’ll hear about the compound effect, Lee’s intentional decision to start small with gradual expansion, and how he reins in his desire to expand faster than he should while following the 1% rule. He reveals the criteria he uses to buy new properties while building more credibility, what Lee feels is the most challenging part of scaling his business, and when he decided to bring in property management. Finally, Jonathan and Lee discuss where Lee focuses his investing efforts, what you should look for in syndications, why he’s sticking to multifamily real estate, and the importance of being an active learner in this industry. Real estate investing doesn’t have to be flashy to succeed. Lee Yoder’s story is a prime example of that philosophy. In this episode, you will hear: What led Lee Yoder to real estate investing after a career in physical therapyThe difference between wanting to become an entrepreneur and wanting moneyThe compound effectStarting small and gradual expansionHow Lee reins in the urge to expand faster than he should and following the 1% ruleThe criteria he uses to purchase new properties and earn more credibilityThe most challenging part of scaling his business and when to hire property managementWhere Lee focuses his investing efforts and what to look for in syndicationsWhy he’s sticking to multifamily instead of branching outThe importance of being an active learner in the real estate business Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/168/ to download it. Supporting Resources: Threefold Real Estate Investing website - threefoldrei.com Find ThreeFold on YouTube - www.youtube.com/@threefoldrei4087 Threefold on Facebook - www.facebook.com/threefold.yoder Lee Yoder on Instagram - www.instagram.com/leeyoder_threefoldrei Connect with Lee on LinkedIn - www.linkedin.com/in/lee-yoder-25793215a Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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