You don’t know what you don’t know. And if you’re doing your very first multifamily acquisition, every little thing that comes up can seem insurmountable.
But if you have the support of a mentor, they can talk you through those obstacles, prevent rookie mistakes, and alleviate your concerns as an aspiring investor.
Jeremy Lemere is a successful investor and operator of multifamily, commercial, and self-storage facilities in Northeast Wisconsin.
He is also a mentor with the Michael Blank program, and his investment portfolio of $15M is made up of personal investments, self-directed IRA funds, solo 401(k) funds and real estate syndications.
On this episode of Financial Freedom with Real Estate Investing, Jeremy joins guest host Marybeth Noonan to explain how being a student in our mentoring program helped him transition out of his W-2.
Jeremy describes how he stayed connected to our network through a mastermind and eventually joined the team as a mentor, sharing his strengths in understanding finance and capital markets.
Listen in for insight on playing in different asset classes for the best return and learn how a mentor can help you learn the business of being a real estate investor!
Key Takeaways
How Jeremy got into real estate investing
- Worried as sole provider for family of 4 in 2008
- Started with BRRRR method but ran out of money
- Used self-directed IRAs and flips to raise capital
- Shifted to multifamily to transition out of W-2 job
- Expanded to invest in other asset classes in 2020
How Jeremy became a mentor with Michael Blank
- Enrolled as student in Michael’s program in 2017
- Stuck with mastermind group as portfolio grew
- Michael asked him to join team as mentor
Jeremy strengths as a mentor in our program
- Understanding of finance and capital markets
- Experience in how to scale out of W-2 job
The benefit of having a mentor as a multifamily investor
- Don’t let fears become insurmountable
- Someone to check your work in deal analysis
What you need to find success in Michael’s program
- Adapt to learning process
- Learn end-to-end business operations
Jeremy’s take on the key to successful investing
- Prioritize revenue coming in and manage expenses
- Must carry profit for investors and yourself
What Jeremy looks for in an investment opportunity
- Understand and manage market cycles
- Play in different asset classes for best returns
Why Jeremy is excited about his future
- Work toward truly passive income in real estate
- Hand off operations for more time freedom
What Jeremy would change if he could go back in time
- Leave W-2 job sooner to have control of time
- Think of it as changing career to real estate
Jeremy’s advice to aspiring real estate investors
- Leverage paid mentoring program as foundation
- Join mastermind to stay informed, find partners
Connect with Jeremy Lemere
Connect with Michael Blank
Apartment Investor Network Facebook Group
Email [email protected]
Resources
Explore Michael’s Mentoring Program
Watch Michael’s Apartments 101 Masterclass
Join the Nighthawk Equity Investor Club
Schedule a Call with Michael’s Team
Review the Podcast on Apple Podcasts
Financial Freedom with Real Estate Investing by Michael Blank