Episode
#8 - Real Estate: How The Wassermans Do What They Do
57:44
Published: Wed Aug 14 2019
Description
We have on Gelena (@gelenasays) & Keith Wasserman (@Keith_Wasserman), a husband and wife Real Estate duo who borrowed $5k during the end of the 2008 recession and have turned it into a $1.3 billion dollar portfolio. Learn how they create monthly income streams and sometimes double, triple or quadruple their equity from multi-family real estate. See acast.com/privacy for privacy and opt-out information.
Chapters
The founders of a successful real estate investing company share how they got started in real estate and their journey to purchasing over a billion dollars in assets.
00:00 - 02:44 (02:44)
Summary
The founders of a successful real estate investing company share how they got started in real estate and their journey to purchasing over a billion dollars in assets.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
Jesse McCurry shares his experience with starting in real estate investment with a 2.5% down payment on a multi-unit property, and then transitioning into urban infill development and extensive renovation.
02:44 - 06:11 (03:27)
Summary
Jesse McCurry shares his experience with starting in real estate investment with a 2.5% down payment on a multi-unit property, and then transitioning into urban infill development and extensive renovation.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
In this episode, the speaker shares their approach to real estate investing, which involves looking for value where others don't see it, whether that be through renovation, better management or building from the ground up.
06:11 - 09:05 (02:53)
Summary
In this episode, the speaker shares their approach to real estate investing, which involves looking for value where others don't see it, whether that be through renovation, better management or building from the ground up. They also discuss their disagreement with the idea of "making money on the buy," preferring instead to focus on finding opportunities others may overlook.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
The speaker believes that owning real estate is a smart investment as long as it's in a good location and taken care of, because time and inflation are real estate's best friends and it's not as easy to sell as a stock.
09:05 - 13:49 (04:43)
Summary
The speaker believes that owning real estate is a smart investment as long as it's in a good location and taken care of, because time and inflation are real estate's best friends and it's not as easy to sell as a stock.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
The speaker mentions an investment opportunity in renovating a property, which promises cash on cash return if the returns are achieved, after accounting for operating expenses and renovation costs.
13:48 - 19:15 (05:26)
Summary
The speaker mentions an investment opportunity in renovating a property, which promises cash on cash return if the returns are achieved, after accounting for operating expenses and renovation costs.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
An ambitious woman in real estate started with a fourplex and gradually bought larger properties.
19:15 - 24:36 (05:20)
Summary
An ambitious woman in real estate started with a fourplex and gradually bought larger properties. She reinvested all the acquisition fees made from the properties and hit her first million when she started selling them.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
Sully recounts his failed business experience while Keith is asked about his partner's intentions to quit their real estate partnership.
24:36 - 27:30 (02:54)
Summary
Sully recounts his failed business experience while Keith is asked about his partner's intentions to quit their real estate partnership. The podcast also touches on filling out job applications.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
The real estate business is more than just owning and selling properties, as it offers long-term benefits to both investors and the business itself.
27:30 - 33:23 (05:52)
Summary
The real estate business is more than just owning and selling properties, as it offers long-term benefits to both investors and the business itself. Selling a portion of an LLC owning property to an interested party can fund future ventures and provide financial stability.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
The best way to get deals in real estate is through relationships, while angel investing requires expecting to lose on most ventures.
33:23 - 41:27 (08:03)
Summary
The best way to get deals in real estate is through relationships, while angel investing requires expecting to lose on most ventures.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
The key to investing in real estate is to put a little bit of money into a lot of deals and to provide design-centric apartments that feel like home with the amenities of a hotel.
41:27 - 49:22 (07:55)
Summary
The key to investing in real estate is to put a little bit of money into a lot of deals and to provide design-centric apartments that feel like home with the amenities of a hotel. Buildings also have issues that require maintenance over time.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
This podcast episode discusses how overcoming obstacles is necessary when striving for equality in the workplace, including challenges such as questioning someone's abilities after starting a family, and showcases an example of how a woman successfully overcame barriers to secure millions in loans for land acquisitions.
49:22 - 52:00 (02:37)
Summary
This podcast episode discusses how overcoming obstacles is necessary when striving for equality in the workplace, including challenges such as questioning someone's abilities after starting a family, and showcases an example of how a woman successfully overcame barriers to secure millions in loans for land acquisitions.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
Real estate mogul gives advice on building a network in the industry, emphasizing the importance of meeting as many people as possible.
52:00 - 54:45 (02:45)
Summary
Real estate mogul gives advice on building a network in the industry, emphasizing the importance of meeting as many people as possible.
Episode#8 - Real Estate: How The Wassermans Do What They Do
PodcastMy First Million
The speaker discusses how their real estate and apartment business is helping renters stay in their homes during times of financial hardship, and how they hope to expand their efforts with government funding and more partnerships in the future.
54:45 - 57:31 (02:45)
Summary
The speaker discusses how their real estate and apartment business is helping renters stay in their homes during times of financial hardship, and how they hope to expand their efforts with government funding and more partnerships in the future.