Jeremiah Boucher built a $400 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Evolution of an Investor: Jeremiah talks about the journey of being an investor and how evolution in business revolves around mastering your craft over time.
• Mentorship and Learning: He highlights the influence of his mentor, Matthew Ferry, and the importance of understanding language and communication skills in sales and real estate.
• Formulation Stage: This is where you start with an idea, explore the basics, and feel excitement despite not knowing everything. Jeremiah recalls his start in real estate with no money down deals as exciting but full of unknowns.
• Concentration Phase: A challenging phase where hard work might yield minimal immediate returns. Jeremiah references his cold calling efforts during tough financial times and the importance of dedication.
• Networking Value: Emphasis on the importance of human networks, compared to Metcalfe's Law, explaining that as networks grow, their value becomes exponential due to increased connections and intelligence.
• Momentum Phase: Once skills are honed, success begins to flow more naturally, offering more opportunities and a deeper, more valuable network.
• Avoiding the Pride Trap: Jeremiah warns against the dangers of pride during success, stressing continuous hard work and vigilance to prevent falling into complacency.
• Stabilization Phase: This involves building systems and having the right people to maintain business continuity. Jeremiah learns this through personal experience with employee challenges.
• Breakthrough Opportunities: Once stability is achieved, new opportunities can be explored. Jeremiah talks about rising above current operations to spot new initiatives and possibilities.
• Embracing Challenges: Jeremiah encourages embracing discomfort and persistence, learning from failures, and experimenting, rather than viewing challenges as a constant grind. He emphasizes the enjoyment and growth found in this journey.

Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com

Jeremiah Boucher built a $400 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Realistic Expectations: Making money in real estate involves more than the often-touted "easy" paths. It's important to understand the realities and challenges involved in different asset classes.

• Finding Your Edge: Find a competitive edge in real estate investing by seeking out less crowded asset classes or markets. It's about being a first mover to drive higher returns.

• Active vs. Passive Investing: Differentiate between being an active investor who manages properties and a passive investor who invests in general partnerships or funds. Each approach has its own set of challenges and requirements.

• Importance of Timing: Beyond location, timing plays a crucial role in real estate success. Market cycles can affect investments significantly, and understanding when to enter or exit is key.

• Long-term Perspective: Have a long-term horizon, typically at least ten years, for accruing substantial wealth through real estate. Patience and timing are crucial to success.

• Leveraging Debt Carefully: Real estate often involves leveraging properties with debt, which can be risky if cash flow is not managed properly. Adequate reserves are essential to weather downturns.

• Choosing the Right Partner: For passive investors, selecting a trustworthy partner or sponsor with skin in the game is crucial. The focus should be on the partner's expertise and commitment.

• Tax Advantages: Real estate offers tax-deferred benefits, especially through methods like the BRRR strategy, allowing reinvestment without immediate tax burdens.

• The Role of Teams: Real estate is a team sport, requiring collaborative efforts to manage, market, and maintain properties effectively.

• Communication and Integrity: Ongoing communication with partners or sponsors and understanding their history, including past failures, is vital for building trust and ensuring a successful investment relationship.

Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com

Jeremiah Boucher built a $400 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Introduction: Jeremiah Boucher introduces Jared Elmar, owner of the Geneva Group, who is launching his book "Built from Nothing." Jared has experience across multiple real estate sectors except self-storage and mobile home parks.
• Jared's Background: Jared initially had a radio show focused on financial services like life insurance and wealth transfer, which got affected during the global financial crisis of 2008. He reinvented himself by focusing on real estate investment.
• Transition to Real Estate: Jared began investing in residential properties and sold most of them before the financial crash. He then transitioned to commercial real estate, starting with multifamily units.
• Challenges and Growth: Jared's first multifamily deal was a challenging one, with significant issues like crime and accidents, but was successful in generating returns for investors. This deal sparked his interest in syndication.
• Strategic Adaptation: Jared shifted from multifamily to industrial and retail spaces due to scalability issues with multifamily. His approach involves adapting to different asset classes and market conditions.
• Importance of Intuition and Vision: Emphasize the role of a visionary in identifying deals that others may overlook, focusing on intangibles like market conditions and potential property improvements.
• Current Market Strategy: Prepare for future opportunities by enhancing his acquisitions efforts and anticipating foreclosures, believing that capital flow changes cap rates rather than interest rates.
• Negotiation Skills: Value authenticity and emotional intelligence in negotiation, stressing the importance of understanding the seller's motivations and conditions beyond just the numbers.
• Leadership and Culture: Jared fosters a culture of philanthropy within his company, encouraging his team to engage in charitable activities, which has contributed to the company's positive work environment.
• Fitness and Mental Clarity: Fitness is a crucial aspect of Jared's life, providing mental clarity and discipline, which supports his resilience and leadership capabilities.

Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com

Jeremiah Boucher built a $400 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Seasons and Cycles: The discussion begins with the acknowledgment that life, investing, and relationships go through seasons and cycles, and it's crucial to recognize and work through plateaus.

• Consistency Over Determination: Jeremiah emphasizes that "consistency outperforms determination" by explaining that repeated efforts will lead to success rather than sporadic bursts of determination.

• Avoiding Distractions: He highlights the importance of sticking to a chosen path without getting distracted by new shiny opportunities, sharing his experiences where diversions led to lost momentum.

• Setting Metrics: Jeremiah shares how setting clear and measurable daily metrics, like making a specific number of sales calls, helps maintain focus and drive progress.

• Measuring Progress: The use of tools like trackers for health or business metrics can provide accountability and stop the individual from creating excuses about their progress.

• Scorecarding in Real Estate: The importance of having a clear scorecard system in place for real estate transactions, which includes prospecting, evaluating, negotiating, and closing deals consistently.

• Professionalism and Accountability: Jeremiah stresses the importance of showing up and doing the work whether one feels like it or not. True professionals maintain this discipline regardless of circumstances.

• Continuous Improvement: Significance of self-evaluation and consistent improvement to eliminate excuses and foster personal and professional growth.

• Building Confidence through Consistency: Consistency in action builds competency, confidence, conviction, and character. By learning to respect oneself through consistent effort, one earns the respect of others.

Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com

Jeremiah Boucher built a $400 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Connection and Addiction: Jeremiah Boucher opens up about his exploration into addiction, defining it as a lack of connection with oneself and others.
• Personal Disconnection: Jeremiah shares his recent feelings of disconnection, both personally and professionally, and how these feelings have led him to study addiction.
• Catalyst for Discussion: A tragic event at his high school reunion, where a friend committed suicide, prompted Jeremiah to reflect on the widespread issue of disconnection in people's lives.
• Cultural Distractions: The episode discusses how modern distractions like social media, workaholism, and consumerism contribute to disconnection and addiction.
• Understanding Childhood Trauma: Jeremiah delves into the impact of childhood trauma on adult behaviors, emphasizing that many people carry unresolved traumas influencing their current lives.
• Entrepreneurial Challenges: He reflects on his own entrepreneurial journey, noting a cycle of manic highs and lows driven by external achievements, leading to further isolation.
• Breaking the Cycle: Jeremiah stresses the importance of slowing down, connecting with others, and being present to break free from addictive patterns and disconnection.
• Therapeutic Practices: He recommends therapy and community connection as practical ways to address underlying emotional issues and foster better relationships.
• The Spiritual Aspect: The episode touches on the idea of addiction as a spiritual journey, emphasizing personal connection to oneself and the broader world.
• Call to Action: Jeremiah invites listeners to reflect on their own lives, identify their disconnection sources, and focus on building meaningful connections and self-awareness.

Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com

Jeremiah Boucher built a $400 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Jeremiah mentions the importance of finding personal space and meditation. How do you incorporate personal mental space into your daily routine, and how has it impacted your life?
• The concept of "letting the game come to you" is discussed with a reference to Michael Jordan's strategy. How do you interpret this idea in your personal or professional life?
• Jeremiah emphasizes the value of tough conversations. Can you share an experience where having a difficult conversation led to positive outcomes?
• Reflecting on Jeremiah's learnings about patience, how do you handle periods of slow growth or stagnation in your personal or professional life?
• How do you balance the drive to achieve immediate results with the practice of 10-year thinking, as described by Jeremiah?
• Jeremiah talks about the significance of having a strong relationship with oneself. In what ways do you cultivate self-awareness and self-improvement?
• The episode touches on the role of pain as a learning tool. Can you share a time when pain or discomfort led to personal growth or a change in perspective?
• Jeremiah discusses the misconception that money leads to happiness. How does this align with your own beliefs or experiences regarding money and fulfillment?
• How do you approach the challenge of aligning your daily actions with your long-term goals, as discussed in the episode?
• Jeremiah reflects on the lessons learned over the year and the meaning we create through our experiences. What have been some of your key takeaways or lessons from this past year?

Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com

Jeremiah Boucher built a $350 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Discipline's Personal Nature: Discipline is fundamentally about the relationship you have with yourself, and it's about setting personal standards rather than adhering to external expectations or comparisons.

• Avoiding Perfectionism: Striving for a perfect picture of discipline can lead to burnout and unsustainable practices. It's important to align discipline with realistic, personal goals.

• Self-awareness and Reflection: Achieving discipline requires self-awareness and reflection to understand what you genuinely want to pursue and what potential you aim to realize.

• Persistence and Practice: Mastery in any area requires far more practice and dedication than initially anticipated. Discipline is a continuous effort.

• Intrinsic Motivation and Worthiness: Discipline stems from acknowledging your self-worth and recognizing that you deserve to work towards your own goals irrespective of others' opinions.

• Managing Stress and Pressure: Handling stress and pressure is crucial in maintaining discipline. It involves recognizing stress for what it is and learning to manage it through focus and controlled actions.

• Balance and Support: Having a support system, like a partner or loved one, is vital in managing the challenges that come with discipline. It can help balance the mental load.

• Listening to the Right Voice: There are always competing internal voices – one urging complacency and the other pushing for growth. Discipline is about choosing to listen to the voice that drives action towards your goals.

• Consistency in Small Decisions: Every small decision contributes to the larger picture of who you are and what story you live. Consistency in disciplined actions shapes your life narrative.

• Constructive Reflection: Regularly reflecting on your potential and goals is crucial. Writing these down helps in maintaining focus on what truly matters and ensures you remain aligned with your higher aspirations.

Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com

Jeremiah Boucher built a $350 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.

In this episode:

• Self-Worth and Business Identity: Jeremiah emphasizes the importance of not identifying oneself with their business or financial success. Personal worth is not tied to financial status.

• Value of Money: Money itself does not create happiness. While it’s necessary for certain comforts, genuine joy comes from non-material experiences and connections.

• Comparisons and Self-Perception: Comparing oneself to others is unproductive. Instead of focusing on others’ standards, it's essential to find personal fulfillment through one's unique path.

• Work-Life Balance: Taking strategic time off is crucial. Overworking can lead to burnout, and time away from work can enhance creativity and personal well-being.

• Intentions Behind Actions: The intention behind actions matters. Authenticity in doing what you love naturally leads to better productivity and fulfillment.

• Understanding Personal Strengths: Knowing and leveraging personal strengths, while delegating tasks you dislike, can lead to more satisfaction and effectiveness in business.

• Size and Growth of Business: Bigger is not necessarily better. Fast and unsustainable growth can lead to more problems and potential business failures; steady growth is preferable.

• Personal Fulfillment: Following what personally fulfills you rather than what’s expected by others leads to a happier life and more sustainable success.

• Joy in Simple Pleasures: Real joy is found in simple, non-material activities like exercising, spending time in nature, or being present with loved ones.

• Continuous Learning and Adaptation: Growth comes from learning through experiences, including mistakes, and adapting positively. Constant self-reflection and being present are key to growth.

Are you interested in investing in Commercial Real Estate?
Learn more at www.patriotholdings.com