#310 In this episode, Justin Williams talks to Jason and Pili Yarusi about their journey and experiences in the world of commercial real estate investing. The Yarusi's began working in the restaurant and bar industry, moved to house moving and flipping, before venturing into large-scale multifamily investing back in 2016 and have since acquired a significant real estate portfolio. They discuss how to make the transition from single-family homes to apartment buildings and share insights into establishing broker relationships, understanding the difference between active and passive investing, and the importance of mentoring. They also delve into the importance of understanding the dynamics of taking calculated risks, seeking a business-savvy network, and the tax advantages investment properties offer. Furthermore, they delve into the different opportunities available for both accredited and non-accredited investors. To have a successful and thriving real estate business, The Yarusi's emphasize the significance of constantly learning, taking action, building relationships and educating oneself.

(Original Air Date - 11/30/23)

What we discuss with Pili and Jason:

+ Introduction and Background

+ Guest Introduction: Jason and Pili Yaroussi

+ Journey into Apartment Investing

+ Transition from Restaurant Business to Real Estate

+ Challenges of Running a Construction Business

+ Transition into Real Estate and House Flipping

+ Scaling the House Flipping Business

+ Venturing into Large Multifamily Investing

+ The Power of Networking and Mastermind Groups

+ The Benefits of Commercial Investing

+ The Process of Finding and Acquiring Properties

+ Establishing Contact with Property Owners

+ Broker Relationships and Direct Marketing

+ The Role of Brokers in Property Acquisition

+ Finding Opportunities through Various Channels

+ Understanding the Market and Building Broker Relationships

+ The Importance of Real Estate Resumes and Mentors

+ The Role of Sponsors in Property Acquisition

+ Sourcing Deals and Becoming an Acquisition Specialist

+ Active vs Passive Partners in Property Investment

+ Understanding the Role of Limited and Active Partners

+ The Potential of Passive Investing

+ Understanding the Concept of Accredited Investors

+ The Importance of Building Relationships with Investors

+ The Journey to Success in Business and Investing

+ The Importance of Planting Your Financial Tree

+ Closing Remarks and Future Plans

Links and resources from this episode:

https://www.yarusiholdings.com/

https://www.costar.com/

https://cre.moodysanalytics.com/

https://www.yardi.com/products/matrix/

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