Multifamily Podcast Network

Great episode today with Jeffrey Holst – we discuss his inspiring story, his business, and multifamily real estate investing. We delve into relationship-based real estate investing, the benefits of multifamily, and Jeffrey shares his unique deal structure (this is great!) Jeff is a recovering attorney who spends his time as a real estate investor. At 30 years old, Jeff checked the last item off his personal bucket list by climbing Machu Picchu. He was on top of the world. As he stood looking down at the lost Incan city, he had been living the life of his dreams. He had a beautiful house in the suburbs and a thriving law practice. Two weeks later, he was in the hospital dying. His business was in disarray, his wife was barely holding it together and he was on his way to bankruptcy. Today, at 42 years old, just over a decade later, Jeff is back on top. He is a millionaire, with over 200 residential units in his portfolio. He also owns multiple commercial properties. He is still married and continues to travel extensively. He is the co-host and founder of the Last Life Ever Podcast. As the original “Last Lifer,” Jeff is passionate about helping people live the best possible version of their lives. He is also the co-host of the Old Fashioned Real Estate Show where the hosts drink bourbon old fashioneds and talk about real estate investing. Time Stamps:

3:14 Jeff explains his previous profession in law, his experiences traveling, and his struggles regarding health issues – leading to bankruptcy. 

12:15 We discuss the “passivity scale” and passive vs. active investing. 

14:18 The differences in the real estate market vs. the stock market, risk vs. reward, and how to mitigate risk in real estate with knowledge.

16:15 Jeff talks about his first real estate deal, a condo foreclosure, as well as why he invested in Detroit.

21:48 How knowledge about location impacts real estate investments. 

24:40 The importance of utilizing cash flow to reinvest and grow a real estate portfolio.

26:38 Jeff talks about how he started in multifamily and shifted his focus to increase equity and grow a multifamily portfolio, leading to his acquisition of 31 units in just a few months. 

29:45 Jeff tells us about his podcast, and how he is investing with his partner, Brian.

32:18 We learn about how Jeff structures his deals with money partners to make a “hybrid equity play”

39:52 We discuss the importance of relationships as it relates to finding new deals.

44:18 Jeff discusses the biggest mistakes he made in his real estate career.

48:28 Jeff shares why loving your job is important and why the quality of life plays a key role in someone’s career. Also, Jeff discusses why having a bad day is “a choice” CONNECT WITH JEFF Follow Jeffrey on Instagram CONNECT WITH AXEL Follow Axel on Instagram Download my free investing resources (cash flow calculator, rental analyzer, investor pitch-deck, and scope of work template) here.

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