Jeremiah Boucher built a $400 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Introduction: Jeremiah Boucher introduces Jared Elmar, owner of the Geneva Group, who is launching his book "Built from Nothing." Jared has experience across multiple real estate sectors except self-storage and mobile home parks.
• Jared's Background: Jared initially had a radio show focused on financial services like life insurance and wealth transfer, which got affected during the global financial crisis of 2008. He reinvented himself by focusing on real estate investment.
• Transition to Real Estate: Jared began investing in residential properties and sold most of them before the financial crash. He then transitioned to commercial real estate, starting with multifamily units.
• Challenges and Growth: Jared's first multifamily deal was a challenging one, with significant issues like crime and accidents, but was successful in generating returns for investors. This deal sparked his interest in syndication.
• Strategic Adaptation: Jared shifted from multifamily to industrial and retail spaces due to scalability issues with multifamily. His approach involves adapting to different asset classes and market conditions.
• Importance of Intuition and Vision: Emphasize the role of a visionary in identifying deals that others may overlook, focusing on intangibles like market conditions and potential property improvements.
• Current Market Strategy: Prepare for future opportunities by enhancing his acquisitions efforts and anticipating foreclosures, believing that capital flow changes cap rates rather than interest rates.
• Negotiation Skills: Value authenticity and emotional intelligence in negotiation, stressing the importance of understanding the seller's motivations and conditions beyond just the numbers.
• Leadership and Culture: Jared fosters a culture of philanthropy within his company, encouraging his team to engage in charitable activities, which has contributed to the company's positive work environment.
• Fitness and Mental Clarity: Fitness is a crucial aspect of Jared's life, providing mental clarity and discipline, which supports his resilience and leadership capabilities.

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