From W-2 Job to Financial Freedom: Balancing Active Income and Real Estate Ventures - Jeremy LeMere
- E181
- 40:48
- September 11th 2024
Welcome to The Cashflow Project! In this episode, we chat with Jeremy LeMere, founder of Navigator Wealth Fund, who shares his journey from a blue-collar background and engineering career to achieving financial freedom through real estate. Jeremy offers insights on transitioning from a W-2 job, maintaining cash flow, and building strong partnerships. He emphasizes continual learning, diversification, and networking as keys to success. Stay tuned for valuable lessons, book recommendations, and advice on overcoming challenges in real estate investing.
[00:00] Completed MBA during financial crisis; entered real estate.
[06:43] Scaled back to managing own portfolio, assisting friends.
[08:09] Investing journey: problem-solving, skillsets, capital raising, accessibility.
[13:20] Transitioning occupations to real estate as side gig.
[17:05] Understanding and systems prevent business failures and audits.
[18:38] Understanding bookkeeping and accounting ensures business integrity.
[23:55] Syndication offers portfolio risk balance and stability.
[25:58] Shift from multifamily to self-storage for better returns.
[30:01] Partnerships require alignment in commitment and values.
[32:35] Opportunities arise but beware of potential pullback.
[37:04] Prepare fully for entrepreneurial success and challenges.
[38:55] Jeremy Lemire’s experience, advice, giving back, education
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The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com