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Multifamily Investing Made Simple - Return on Time Metric Made Simple with Joel Florek

Return on Time Metric Made Simple with Joel Florek

01/26/21 • 42 min

Multifamily Investing Made Simple

Our guest for today is Joel Florek, owner, and Principal of JFH Capital, which buys and holds multifamily assets in Michigan and Indiana. Joel and his team specialize in underwriting deals quickly and creatively, focusing on finding properties with below-market rents, lack branding, and are not managed well.
Today, Joel joins us to talk about an important metric that you should consider in real estate investing. At the end of the day, real estate is a long game that can pay massive dividends when done right.

Listen to Joel and learn how he made the “return on time” metric simple!

[00:01 – 06:45] Opening Segment

  • We introduce Joel Florek
  • Listen to Joel’s elevator pitch on why he’s awesome

[06:46 – 17:10] Different Levers to Pull

  • Joel’s bad investing advice of the week
  • Hear from Joel how he underwrites a deal
  • Why his company is focused on landscaping

[17:11 – 29:59] Return on Time

  • What’s Joel’s absolute priority in real estate?
  • 2 factors that can maximize the appreciation of properties
  • Joel talks about the “return on time” metric

[30:00 – 40:18] 10-Year Outlook

[40:19 – 41:11] Closing Segment

  • Connect with Joel! Links below.
  • Final thoughts

Tweetable Quotes:

“For me, I look at multifamily properties in particular as levers. How many levers does this property have that we can go and pull?.” - Joel Florek

“I always know at the end of the day, when push comes to shove, I’ve got the fortitude and the skills necessary to roll up my sleeves and cut out some massive cost on labor.” - Joel Florek

Email [email protected] or call 906.458.8356 to reach out to Joel. Connect with him on LinkedIn, Facebook, and Instagram. Visit his company online and check them out on Facebook and LinkedIn.

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

Facebook: https://www.facebook.com/InvictusMultifamily

YouTube: https://bit.ly/2Lc0ctX

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Our guest for today is Joel Florek, owner, and Principal of JFH Capital, which buys and holds multifamily assets in Michigan and Indiana. Joel and his team specialize in underwriting deals quickly and creatively, focusing on finding properties with below-market rents, lack branding, and are not managed well.
Today, Joel joins us to talk about an important metric that you should consider in real estate investing. At the end of the day, real estate is a long game that can pay massive dividends when done right.

Listen to Joel and learn how he made the “return on time” metric simple!

[00:01 – 06:45] Opening Segment

  • We introduce Joel Florek
  • Listen to Joel’s elevator pitch on why he’s awesome

[06:46 – 17:10] Different Levers to Pull

  • Joel’s bad investing advice of the week
  • Hear from Joel how he underwrites a deal
  • Why his company is focused on landscaping

[17:11 – 29:59] Return on Time

  • What’s Joel’s absolute priority in real estate?
  • 2 factors that can maximize the appreciation of properties
  • Joel talks about the “return on time” metric

[30:00 – 40:18] 10-Year Outlook

[40:19 – 41:11] Closing Segment

  • Connect with Joel! Links below.
  • Final thoughts

Tweetable Quotes:

“For me, I look at multifamily properties in particular as levers. How many levers does this property have that we can go and pull?.” - Joel Florek

“I always know at the end of the day, when push comes to shove, I’ve got the fortitude and the skills necessary to roll up my sleeves and cut out some massive cost on labor.” - Joel Florek

Email [email protected] or call 906.458.8356 to reach out to Joel. Connect with him on LinkedIn, Facebook, and Instagram. Visit his company online and check them out on Facebook and LinkedIn.

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

Facebook: https://www.facebook.com/InvictusMultifamily

YouTube: https://bit.ly/2Lc0ctX

Previous Episode

undefined - Cash Out Refinance Made Simple

Cash Out Refinance Made Simple

Welcome to another episode of Multifamily Investing Made Simple in under 10 minutes. Today, we’re going to demystify cash out refinance, one of the most powerful mechanisms to get back the money that investors have allocated in a value-add deal. Typically, most of the money created in a value-add deal is realized only when that deal is sold.
That means investors have a lot of money sitting in a property that has just boosted its value. To allow the investors to recoup the money they have invested while still owning the property, we need to do the cash-out refinance. Let’s tune in now to learn the cash out refinance process!

Tweetable Quotes:

“Cash out refinance is a great way to appreciate some of the profits you’ve created in your deal prior to actually selling the deal.” - Dan Krueger

“Now you own just as much of the building as you did before but you have less money invested in it. So, even if everything goes to crap, you’ve already recouped so much of your money...so you’ve de-risked your investment.” - Anthony Vicino

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

Facebook: https://www.facebook.com/InvictusMultifamily

YouTube: https://bit.ly/2Lc0ctX

Next Episode

undefined - The Self Directed IRA Made Simple in Under 10 Minutes

The Self Directed IRA Made Simple in Under 10 Minutes

The Self-Directed IRA is one of the most underutilized tools when it comes to maximizing your retirement investments.
Most people simply don't realize they have the ability to invest in real estate (and other alternative assets) through this investment vehicle.
Are you tired of riding the stock market rollercoaster?
Well, with the Self-Directed IRA there's no need to watch the market go up one day and down the next.
Instead, invest in stable, cash-generating assets that deliver tax benefits (ie: real estate).
Tune into this week's episode to learn how!

LEAVE A REVIEW if you liked this episode!!

Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.

To learn more, visit us at https://invictusmultifamily.com/.

**Want to learn more about investing with us?**

We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/

**Let’s Connect On Social Media!**

LinkedIn: https://www.linkedin.com/company/11681388/admin/

Facebook: https://www.facebook.com/InvictusMultifamily

YouTube: https://bit.ly/2Lc0ctX

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