Inspire Wealth with Prof M: Navigating Real Estate Investments with Jeffrey Holst

Описание: In this episode, Prof M interviews Jeffrey Holst, a recovering attorney, bestselling author, and real estate investor who hasn’t had a bad day in more than 25 years. Jeff splits his time between Chattanooga, Tennessee, and San Juan, Puerto Rico, and is often referred to as the most interesting man in the world. Sharing his expertise on diverse real estate investments, Jeffrey gives us insights into the importance of market knowledge, managing different property types, and understanding the differences between apartments and commercial properties. Gain life-changing lessons from Jeff's personal philosophy and be inspired to seize every opportunity in real estate investment!

EPISODE HIGHLIGHTS:
Introduction and Background: Jeffrey Holst was first exposed to real estate through his parents' rental properties; even with a degree in law and an MBA, real estate remained his interest.

Real Estate Journey and Early Investments: While in law school, Jeffrey began flipping properties. Later, during the recession, he purchased, remodeled, and rented Detroit homes, then sold them to investors to grow his portfolio.

Market Knowledge and Investment Philosophy: Jeffrey stressed that it is crucial to understand the market when investing. Familiarity in an area allows quick assessment of deals and reduces personal risks.

Managing Risks Through Diversification: To reduce risks, he uses a combination of tenants and asset classes, with some properties purchased speculatively with an eye on future growth rather than immediate cash flow.

Section 8 Housing: Pros and Cons
Pros: Section 8 can help stabilize a portfolio in lower-income locations and provide steady rent payments backed by the government.
Cons: Rent limitations, policy changes, and bureaucratic inefficiencies may restrict its flexibility and profitability.

Apartments vs Commercial/Industrial: Apartments provide stable cash flow and pricing flexibility but need more management; commercial buildings have riskier vacancies but are more passive and hands-off once leased.

Strip Mall Investment: Jeffrey invested in a strip mall for $1M, negotiating a 60-year extension on the property lease, and later used a 1031 exchange to buy out his partners. Despite some weak tenants, Family Dollar and a church provide stability.

Understanding Puerto Rico's Unique Tax Landscape: Puerto Rico provides residents with tax exemptions along with unique incentives, such as a 4% rate for specific businesses.

Entrepreneurial Ventures in Puerto Rico: He ventures into a cigar company and a shipyard in Puerto Rico, leveraging the tax benefits for manufacturing.

Book Recommendations:
1. Rich Dad, Poor Dad by Robert Kiyosaki
2. Crushing It in Apartments and Commercial Real Estate by Brian Murray
3. Investing in Duplexes, Triplexes, and Quads by Larry Loftis
4. No Bad Days by Jeffrey Holst

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Jeffrey Holst
Website: https://www.jeffreyholst.com/
Facebook:   / holstjd  
‪@jeffreyholst‬

Mallory Meehan
Website: https://www.inspirewealthmgt.com/
Spotify: https://podcasters.spotify.com/pod/sh...
Apple Podcasts: https://podcasts.apple.com/us/podcast...
For collaborations: [email protected]