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Small Axe Podcast


Oct 12, 2020

Today's guest is the Principal and Founder of Loda Properties LLC, Derek Loda. Derek has been an active real estate investor since  2015, where he has developed a network of investors looking to make a positive impact on multifamily apartment complexes around the United States.  Passionate about helping individuals reach retirement sooner, he started "Apartment Investing For Early Retirement,” a podcast that focuses on educating about the vast opportunity and power to build wealth through quality multifamily investing. 

Join us for this episode and learn how to step out of your comfort zone and reach your goals.

[00:01 – 09:55] The Beginning of His Journey

  • I introduce the guest, Derek Loda
  • Derek talks about his background and how he got started in the multifamily space
    • Started his career in Golf Industry and exposed to real estate investing from his former boss 
    • Finding ideas to help out his parents to get a consistent cash flow coming through retirement age
    • Listening to Bigger Pocket Podcast by Bruce Petersen
    • Self educate himself about multifamily syndication 
    • Get the network and join Jack & Gino Community 
    • Get deeper into the multifamily syndication
  • Derek talks about his underwriting tools in finding the deals
  • Derek talks about his relationship with the people who bought his property and the owner 

[11:58 – 31:00] Step Out of Your Comfort Zone and Win

  • Derek talks about the importance of having a good relationship and networking with the right people
  • Derek talks about the condition of the properties currently
  • Being a licensed real estate agent in Wisconsin 
    • Has to go to your broker for anything real estate 
  • The importance of being in a community that will help you with your goals
  • Derek shares his challenges in jumping in real estate and opens up himself to a lot of people
    • Being a chronic introvert
    • Be comfortable in uncomfortable situations
    • Getting the courage to approach people 
    • Network > information
  • Making changes requires you to force yourself open and get uncomfortable
  • Having a bigger goal and the belief that it can turn around lives are two key factors to success
  • Comfort zones are where your dreams go to die
    • You need to go out, get uncomfortable and change what you do not like
    • The world is not going to change it for you
  • Derek talks about his goals to educate people about financial knowledge and values
    • The power of sharing education to people 

[31:01 – 36:44] Taking One Step at a Time

  • Break everything down in steps 
    • And just it doesn't have to be difficult nor perfect 
    • Be willing to take the risk and make mistakes
    • You're going to get more comfortable, and eventually, you look forward to it
  • Swallow the hard pill, that you might look or sound like an idiot, but it will get better
    • We are our own toughest critics, so take it easy on  yourself
    • Do it for yourself and your future
  • Derek shares how he keeps himself accountable by having an accountability partner or groups
    • Letting some people know what your goals are
    • Allowing people to ask you and check on you consistently
    • Take and give in supporting each other

[36:45 – 44:22] Closing Segment

  • Imagine it's a hundred years from now, you have grandkids, and one of them decides to write a book about Derek Loda. What would you like the title to be and say about you?
    • "Life to Legacy”
    • Not just living life but also creating a legacy of what’s to follow. It’s about helping people along the way.
    • To have money does not mean that you have succeeded, but Success is leaning behind something that’s going to help other people get to that point.
    • Showing people a different path to living life and take control of their life
  • Derek talks about ‘Conscious Capitalism.”
    •  A vehicle to get people to get out of poverty and get something more
    • Utilizing the money that you’ve been able to make through the system to help others
    • By doing it the right way is going to lead to more profitability than taking advantage of people
  • Connect with Derek. See the links below.

 

Tweetable Quotes:

To achieve what I want to achieve in the long term goals, I’m gonna have to get uncomfortable a lot more and give a great amount of education to other people.” – Derek Loda

Having a bigger goal and the belief that it can turn around lives are two key factors to success.” – Derek Loda

The comfort zones are where your dreams go to die. You need to go out there, get uncomfortable and change what you do not like.” – Derek Loda

“To have money does not mean that you have succeeded, but success is leaning behind something that’s going to help other people get to that point. Showing people a different path to living life and taking control of their life.” – Derek Loda

 

Resources Mentioned:

You can connect with Derek on Linkedin or email him to dloda@lodarealestate.com.

 

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I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.