My quest for rental property knowledge continues my friends. While Nicole and I continue to save up our money to buy our first rental, I figured I would speak with someone who’s had massive real estate success to keep me motivated.

Our guest today is Joel Florek. At 25 years old, he owns 31 units in both Michigan and Indiana. These properties provide him so much cash flow that recently he’s been able to leave his 9-5 job and pursue his passion for sailing and family.

Joel’s story of real estate success has been featured in BiggerPockets and on multiple 5-star rated podcasts. As a husband, father and Michigan native, I’m honored to have him on the show today.

What are we covering?

Joel Florek and I chat about:

• How he got started in multi-family real estate
• How leveraging in real estate allows you to scale
• Why his new business allows him to dedicate more time to being Dad

Joel has pursued a life based on time freedom and family. I think you'll be inspired by his example of present parenting and purposeful entrepreneurship. 

Enjoy!

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About our Guest:  Joel Florek

Joel Florek is 25 and self-employed living in Michigan City, IN. He and his wife Nicole have an 18-month-old daughter named Amelia.

Joel owns and manages a portfolio of 4 multifamily properties consisting of 31 units. He began building the portfolio with a 4 unit property just 3 years ago when starting his first job out of college. Living in the property and renting out the other units allowed him to live expense free and focus his savings on growing his real estate side hustle into a full-time business.

Now, Joel is working on diversifying his families income through launching General Ledger, a cash basis accounting platform designed to help real estate investors keep track of cashflow in real time.

Show Resources

SHOW SPONSOR:  TILLER

30-Day FREE Trial– Control your money and support this show.

Joel Florek’s Resources

Real Estate Business: JF Holdings

Recommended Book:  Rich Dad Poor Dad by Robert Kiyosaki

Recommended Book:  Cashflow Quadrant by Robert Kiyosaki

MKM PODCAST RESOURCES

#BigTipTuesday is here!

I’m creating a fun way for the Marriage, Kids and Money Community to Give Back this holiday season.   I’m calling it “Big Tip Tuesday” …

I would love for our community to surprise 10 hard-working people in the service industry with $100. That would be $1,000 of joy spread to those who are working hard during the holidays. So, what do you think? Are you in?

Please email me and let me know. Giving is SO much fun. Think about the smile you’ll bring to someone’s face who is not expecting it. THANK YOU FOR CONSIDERING IT!

Carpe Diem Quote

“Don’t wait to buy real estate. Buy real estate and wait.”

–Will Rogers

Where are you in your real estate investing journey?

Please let me know in the comments below!