The Journey from W-2 to Full-Time Investor - with Josh Eitingon | TLS067

In this episode, Josh Eitingon of DXE Properties shares his journey from W-2 employee to working for an investment firm to eventually starting his own investment company and how he's acquired over 50 million dollars of multifamily real estate.

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KEY TOPICS:
2:30 how Josh got started in the real estate business and took down his very first deal
6:05 what was the process like going from w-2 employee to real estate full time
7:45 his experience as an analyst  and acquisitions specialist with an investment firm
10:15 why he decided to go off on his own versus growing from within the investment firm
13:15 the process he went through went he went out of his own
13:52 when did you bring a partner on and how did he find the partner
14:45 what are the different roles you and your partner play
15:53 what are the secrets to finding the best deals
18:15 how josh finds off-market deals
21:15 how josh builds relationships with his broker and earns their confidence
24:20 his most recent 104 unit acquisition
25:30 how he found the deal and why he liked it
26:30 some of the challenges he faced with Covid-19 and the adjustments he's made to his plan
27:55 how he structured the debt and financing of this deal
30:52 the best mistake he's made during his investing career
31:53 what's the biggest win you've had during your investing career
33:10 what's the best advice you have for someone just starting their investing journey?

KEY QUOTES:
"Take your time, arm yourself to be able to act when the time is right"

ABOUT OUR GUEST:
Josh Eitingon is the co-founder of DXE Properties. He brings a keen eye to each acquisition, identifying opportunities for growth and outperformance. With a relentless focus on optimizing property performance, Josh works closely with management to drive each business plan.

Prior to DXE, Josh founded JAE Property Group. JAE was born with his first real estate investment, a 20-unit distressed property in Cincinnati, OH. Josh oversaw all major operations of the company and was instrumental in all phases of acquisition, asset management, and investor relations. Through JAE, Mr. Eitingon and partners established a portfolio of multifamily investment properties clearly fitting into a well-defined investment strategy.

Prior to JAE, Josh was one of two members on the acquisition team at URS Capital Partners, a real estate investment company located in Huntington, NY. Josh was an integral part of the company’s growth from its infancy to the purchase of over $100 million dollars’ worth of multifamily real estate.

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www.dxeproperties.com

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