“Whenever something comes about, always look for your option, and how you can be methodical about it.”

 

Today I had the pleasure of speaking with Jennifer Joyce, an experienced real estate professional with over 500 units specializing in Texas. Her investing skills and experience span over 20+ years performing various real estate investment activities. She has an excellent reputation for building relationships with brokers, professional services, investors, and vendors. 

 

Let’s jump right into this episode and learn more about leveraging the situation for your business.

[00:01 - 07:00] Opening Segment

• Let’s bring Jennifer Joyce to the show.
• Jennifer shares about the things she has learned from starting in the single-family.
• Jennifer talks about her background and childhood life that motivates her to enter real estate.
• • Exposed to single-family real estate as a kid and experienced a refi boom
  • Get a real estate for her retirement plan.
  • She met her husband, who has a construction background.

 

[07:01 - 15:29] Leveraging the Situation for your Business 

• Jennifer bought her first multi-family in 2007
• • Scaling her own money and building her portfolio.
  • She had difficulties increasing the progress and cashflow of her business.
• She discovered syndication about four years ago.
• • It was finally a game changer for her business. 
• Jennifer finally took massive action once she understood the concept. 
• • She fully subscribed to her third property in 2020.
•  Assumption causal in real estate. 
• • In assumption, they check more into the details.
  • The assumption with yield maintenance. 
• Looking at some other loan products
• • She is In the work of doing a refi through the application process.
• Jennifer talks about the impact of COVID-19 on the assumption.
• • Take advantage of what is happening at the moment to get a lower price and additional discount.
  • Whenever something comes about, always look for your option and how you can be methodical about it.

[15:30 - 24:17] Dry Powder

• Jennifer talks about the dry powder strategy.
• • Change message to her brokers and the owners
• The longer that this economic change happens, she turns it more to the buyers market.
• • Change your way of messaging so people know where you stand inside of this change.
• Moving away from the syndication model
• • Compete with the massive transfer of wealth.
• When it becomes a buyer's market, and it is not performing at its top capacity, that’s when our best business plans are implemented.
• The true value comes where do you comparing it against.
• Jennifer talks about the accounted cost of educating your tenant to get a rental assistant.

Tweetable Quotes:

“Take advantage of what is happening at the moment to get a lower price and additional discount..”-  Jennifer Joyce.

“When it becomes a buyer's market, and it is not performing at its top capacity, that’s when our best business plans are implemented.”- Jennifer Joyce.

“If you really want to be in real estate investing, you have got to realize that there will be some challenging times, and it is better to have these challenges and own rental real estate.”- Jennifer Joyce.

 

You can connect with Jennifer on Linkedin.

 

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