In this episode of Zen and the Art of Real Estate Investing, Jonathan chats with Lee Yoder, the founder and CEO of Threefold Real Estate Investing. Lee shares how he successfully built his company, which focuses on creating passive income and wealth through multifamily properties while maintaining his W2 job as a physical therapist.
In their discussion, Jonathan and Lee explore how Lee transitioned from a physical therapy career to real estate investing, spurred by his entrepreneurial experiences with a startup. Lee emphasizes the difference between a desire for entrepreneurship and simply wanting money, explaining how the two are not synonymous. He shares his strategy of starting small and expanding gradually, following the 1% rule to maintain steady growth while avoiding the pitfalls of rapid expansion. Lee shares his criteria for acquiring new properties, the challenges of scaling his business, and the point at which he decided to bring in property management. They also cover Lee’s focus on multifamily real estate, his approach to syndications, and the importance of continuous learning in the industry. Lee Yoder’s journey illustrates that success in real estate doesn’t have to be flashy. A disciplined and thoughtful approach can lead to significant results.
You’ll hear more from Jonathan and Lee about:
- Lee held a job with a startup as a physical therapist, which introduced him to entrepreneurship and ultimately, real estate investing.
- Living significantly below his means allowed Lee to make a career transition into full-time real estate investing.
- Knowing when to bring in property management is important in managing multifamily properties.
- You need hands-on experience and a strong operational foundation to scale a portfolio.
Lee Yoder sticks to multifamily because it’s what he knows, and taking the slow and steady path might not be flashy but has led to big returns for him and his family.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/168/.