GAIN CONTROL WITH MULTIFAMILY INVESTMENTS
Lennon Lee and Mike Jacobson talk together
Lennon Lee shares a number of nuggets for those considering investments in multifamily properties. We enjoyed this conversation with Lennon. We are in a mastermind together with Lennon. Here are some of his key points…
- Miami based full time real estate investor
- From Venezuela to the United States 12 years ago
- Started managing a portfolio of properties
- Help investors through syndication
- Engineer by education, now an entrepreneur
- Multifamily is considered a “commercial” property
- Value of property is based on income, viewed as a business
- Net Operating Income (NOI) determines value of property
- Owner is in control of value of the property
- Can increase the value by operating more effectively
- Differences compared to industrial and office buildings
- Everyone needs a place to live
- Investment focus is to build a community of passive investors
- Who can achieve financial and time freedom
- Help people building a legacy for next generation
- “If you have a good deal, money won’t come”
- Build trust and relationship with people
- Understand your priority with your business
- Is control or your time more important to you
- www.passivorei.com
Harland leads our Investor Relations. He is a “repurposed” Pastor and Army Chaplain. He is an author, speaker, mastermind facilitator, and coach. Harland lives with his wife, Barbara, in DeLand, Florida.