With the goal of financial freedom and an outlook of positivity, Jeffrey Holst was able to fight cancer, get out of bankruptcy, and retire in only seven years. Once Jeffrey committed to having no bad days, he was able to either change his day that was going poorly or see the positive in everything around him.
This philosophy helped him spur on new relationships, find new partners, and close on deals creatively. It was never “we can’t close on this” for Jeffrey, it was “how can we close on this.” He uses what he likes to call the “sideways eight” strategy that allows him to have infinite returns when investing, all while giving his partners and private lenders a sizable profit.
Jeffrey also talks about seeing the positive attributes of negative situations, and how he was able to leave his job as a lawyer and hit financial freedom due to his cancer diagnosis and later bankruptcy. If Jeffrey was able to dominate the multifamily market with an underwater net worth, think of what you can accomplish in the world of real estate investing!
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The BiggerPockets Podcast Interview with Frank Gallinelli:
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3 Ways to Invest in Real Estate with Little to No
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7 Tips to Overcome Bankruptcy & Build Lasting Wealth:
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Show notes at:
0:00 Intro
1:44 Quick Tip
3:53 Sick and Bankrupt in 2010
5:55 No Credit, No Money, and Still Buying!
13:25 Private Lending & Partners
17:24 250+ Units Through Creative Financing
26:03 Managing Medium Multifamily
27:33 Vowing to Have "No More Bad Days"
39:02 The "Last Life" Philosophy
41:46 Future Plans and Properties
43:47 Small Syndication Deals
50:11 Truly Knowing Your Market
56:20 Knocking Down Bigger "Dominoes"
59:11 Famous Four
Recommended Reading >> bit.ly/32kRpzw
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