EP 106: Turbocharge Your Cashflow with Turnkey Multifamily with Jeff Schecter
In this thrilling episode of the Real Estate Investor MBA podcast, we have the pleasure of welcoming the incredible Jeff Schecter as our guest. Prepare to turbocharge your cash flow with turnkey multifamily and be inspired as Jeff takes us on a journey through his remarkable accomplishments in the world of real estate investing. From overcoming challenges to achieving success, Jeff shares how he built reliable construction and property management teams that have propelled his projects to new heights. But that's not all – he also dives into his involvement in a tax firm and how he's helping fellow investors save money on taxes through strategic real estate investments.
Get ready to learn about the concept of turnkey real estate and how it can be a game-changer for investors. Jeff shares his insights on operating in the St. Louis area and his affiliations with other vetted companies. Plus, he emphasizes the importance of building relationships with investors through good old-fashioned phone calls instead of relying solely on emails. As if Jeff's expertise wasn't enough, he also reveals his secrets on gradually building a portfolio of properties and leveraging equity to expand investments. And that's not all – he gives us a positive outlook on real estate as a safe haven and a fantastic investment option. Plus, he shares valuable advice on avoiding deals in low-income neighborhoods and instead focusing on B-class properties in trendier areas. Don't miss out on this enlightening episode – tune in now!
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Introduction of Jeff Schecter as a guest on the Real Estate Investor MBA podcast
Jeff's journey in real estate investing and the challenges he faced
Success achieved through building reliable construction and property management teams
Involvement in a tax firm and helping investors save money on taxes through real estate investing
Discussion on the concept of turnkey real estate and its benefits for investors
Operating in the St. Louis area and affiliations with other vetted companies
Importance of building relationships with investors and having phone calls instead of email communication
Gradually building a portfolio of properties and leveraging equity to expand investments
Positive outlook on real estate as a safe haven and good investment option
The importance of avoiding deals in low-income neighborhoods and focusing on B-class properties in trendier areas
Tweetables:
“Now that we've got a few years behind our belt, of course, hindsight always being 2020, we're starting to see some really beautiful journeys that different investors are on.” –Jeff Schecter
“Align yourself with some really, really good people. It’s very tough to do this business alone.” –Jeff Schecter
“What I see over the next year or so is some tumultuous times that are very unpredictable. But I think we're headed for some really, really beautiful blue skies.” –Jeff Schecter
“Even in a more tumultuous period, I am of the opinion that owning real estate is one of the best safe havens you've got.” –Jeff Schecter
“You can't always go buy a piece of paper. Sure, it's important to do your due diligence and do your research, but you also have to really have a feel for what you're buying.” –Jeff Schecter
“I don't think we have a housing shortage. I think we have a shortage of affordable housing.” –Jeff Schecter
Resources
High Return Real Estate website
About Jeff Schecter
Jeff Schechter is the President and Co-Founder of High Return Real Estate LLC. Known fondly as "Shecky" by his friends, Jeff has always had an innate passion for entrepreneurship and connecting with like-minded individuals. Right after graduating college, he wasted no time in starting his first venture and honing his skills in sales and marketing – skills that would prove successful across various industries.
Throughout his career, Jeff has been actively involved in numerous business ventures, but it was in the 1980s that his love for real estate investing truly took root. Starting with flipping homes, he quickly delved into buying and selling properties, establishing himself as a seasoned investor.
Jeff's passion for helping others unlock their full potential extends beyond his investment endeavors. He operates a private consulting practice, where he finds fulfillment in guiding individuals towards success in all aspects of life, not just business.
It was through a fortuitous combination of events and professional relationships that Jeff crossed paths with Jack Gibson during a consulting call. In those initial conversations, they discovered a shared interest and passion, laying the foundation for what would become Jeff's favorite venture – High Return Real Estate, LLC.
When he's not tirelessly working, Jeff enjoys indulging in his hobbies. He finds solace in riding his bike, going on hikes, practicing yoga, and immersing himself in the world of music. For Jeff, life is meant to be lived to the fullest extent.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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