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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small axe to build a lasting empire. Let’s start building
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To know more about me and all
the real estate opportunities you can find, you can connect with me
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and book a call with me.