Episode Details

Artist finding his path to Financial Freedom through small multifamily - Jamie Burmeister

Season 1 Episode 7 Published 2 years, 7 months ago

Description

Jamie Burmeister, an artist and musician, shares his journey in real estate investing. He started investing in real estate in 1993 and completed several fix-and-flip projects and rental units. After a break to focus on his art and music career, he returned to real estate in 2012 and now has a portfolio of 16 small multifamily properties and single-family rental units.

Takeaways

Find good people to work with and delegate tasks to scale your real estate business.
Hold properties for the long term to maximize value and cash flow.
Build a contingency fund to handle unexpected expenses.
Kindness is a form of intelligence and can lead to success in business and life.

Chapters

00:00 Introduction

00:57 Jamie's Background and First Real Estate Investments

04:42 Transition to Art and Music Career

09:23 Second Round of Real Estate Investments

11:26 Goals and Long-Term Plan

14:10 Advice for Aspiring Investors

16:03 Managing Properties and Dealing with Challenges

18:20. Overcoming Fear and Taking Risks

24:37 Property Strategy and Location

27:54 Determining Property Numbers and Cash Flow

29:38 Recommended Books