Oct 19, 2020
Today's guest is a bankruptcy
attorney who spends his time as a real estate investor, Jeffrey
Holst. He is also the
co-host of the Old Fashioned Real Estate Show. After he succeeded in his career as an
attorney, he hit rock bottom in life-altering circumstances
simultaneously. That led him to his success in real estate. With
his inspiring journey of life, he found his passion for helping
others live the best version of their last life
ever.
Join us for this episode and
learn more about real estate and The Last Life Ever philosophy
[00:01 – 07:41] The Beginning of His
Journey
- I
introduce the guest, Jeffrey Holst
- Jeffrey talks about his background and life
before real estate
-
- He
started as a bankruptcy attorney
- Got
diagnosed with Leukemia
- Piled
with debt and faced bankruptcy
- Bought real estate for passive
income
- Went
into real estate full time
- Overcome the negativity
-
- Made
a choice to never have a bad day
- Jeffrey talks about his bucket
list
- Jeffrey shares his experience from reaching the
top of the world to hitting rock bottom in such a short
time
- All
you can do is point yourself in the right direction and hope it
works out
[07:42 – 16:28] Rising Up from
Bankruptcy
- Jeffrey shares his story of rising from
bankruptcy
-
- Worked and earned from his father’s truck
company
- Saved
up the bonus and bought a real estate
- Lend
some money to purchase some real estate
- Stepping in the multi-family
investment
-
- Supported and partnered with some of his
friends and family
- Jump
in full time in real estate and being financially free after six
years
-
- Still
growing and expanding
- Accumulate the money he has been putting
in
- If done
right, Multi-family is an incredible wealth
accelerator
- Jeffrey talks about the support that his wife
has been giving to him
-
- He
shares the story of how his wife supports him in real
estate
- Prioritizing the income for business until a
certain point
[16:29 – 24:28] The Last Life Ever
Philosophy
- Jeffrey shares the story of his experience
climbing Mount Kilimanjaro
- The
stories you tell about your past are the only thing that
matters
-
- How
you frame what you think about in your past
- Jeffrey talks about his charity book project
“the Corona Virus Collective.”
-
- Wrote
by 30 different authors
- All
the profits go to charity
- The
thing about travel is, you learn so much, enrich your life and
impact others with your stories
- Jeffrey talks about ‘The Last Life Ever’
philosophy
-
- Living a full life that involves helping others
and fulfilling your life purpose
- So
much more than just piling up cash
- You
have to follow your passion and do the things that make you be the
best person you can be
-
- You
owe it to yourself, family, community, and even to the
world
[24:29 – 32:44] Multi-family vs.
Single-family Investment
- Jeffrey shares the advice and strategy in
buying a multi-family vs. single family.
-
- Multi-family is the greatest place to
invest.
- The
apartment building is valued in a completely different way than
single-family homes.
- How
to determine the values of single families
-
- Jeffrey talks about Scaling
syndications.
-
- Three
completely different deals
- Find
deals that make sense.
- Scaling slowly and carefully
- Jeffrey talks about the real estate strategy,
especially in this Pandemic situation.
-
- Secure your long term debt the way to
go
[32:45 – 36:01] Closing Segment
- How
to connect with Jeffrey
-
- 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?
-
- "Jeff, Last Life Ever”
- Because you only live once
Tweetable Quotes:
“The biggest mistake I made in real estate was
getting started in multi-family too late.” – Jeffrey
Holst
“If done right, Multi-family is an incredible
wealth accelerator.” – Jeffrey Holst
“I had so much opportunity open up to me since I
started focusing more on helping others.” – Jeffrey Holst
“If you are doing what you’re
supposed to be doing, you are going to figure out a way to keep
doing it, and you’re not gonna live a life of regret.” –
Jeffrey Holst
Resources Mentioned:
You can connect with Jeffrey
Holst on LinkedIn and Facebook. Learn more about his life story and real
estate journey by visiting his website at https://www.jeffreyholst.com/
and oldfashionedrealestate.com
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