In this engaging discussion, Jeremiah Boucher, a real estate investor and CEO of Patriot Holdings, shares his inspiring journey from losing everything in 2008 to building a thriving commercial real estate portfolio. He reveals the power of relentless cold calling, the rise of self-storage investments, and innovative solutions for affordable housing like 3D printing. Jeremiah also dives into the emotional challenges of high achievement, emphasizing the importance of authenticity and self-awareness in both business and personal growth.
Jeremiah Boucher shares his journey of resilience, emphasizing the power of making 30,000 cold calls to rebuild his life after significant setbacks.
The transition from residential to commercial real estate highlights the importance of adaptability and strong relationship-building in achieving long-term success.
Jeremiah emphasizes that balancing financial ambitions with personal growth and integrity is crucial for meaningful fulfillment in both business and life.
Deep dives
The Journey of Loss and Resilience
The speaker shares a profound personal journey, recounting the experience of losing multiple properties to foreclosures, IRS liens, and credit card debts. After hitting rock bottom, living in a friend's pool house, and facing a tarnished credit history, the speaker dedicated ten years to making extensive cold calls, about 30,000 a year, in a relentless pursuit to rebuild. This commitment highlights a key tenet in the real estate world: the willingness to put in hard work and perseverance, which many aspiring investors today often overlook. The speaker emphasizes that cash flow, not equity, is essential for financial stability, as reflected in their recovery and eventual success in commercial real estate.
Transformation through Cold Calling
Initially struggling in residential real estate, the speaker pivoted to commercial real estate after losing everything in the 2008 market collapse. They meticulously built a foundation by leveraging skills developed through extensive cold calling and door knocking, which fostered resilience and adaptability. By consistently approaching potential sellers, the speaker formed long-lasting relationships that would ultimately lead to fruitful deals. This phase not only showcases the necessity of persistence in business but also underlines how such rigorous effort can lay the groundwork for future success.
Overcoming Challenges in Property Management
After establishing a foothold in commercial real estate, the speaker faced operational difficulties when transitioning to managing their own properties. Initially unprepared for the complexities of property management, they dealt with significant challenges, including deferred maintenance and irresponsible tenants, ultimately leading to financial strain. However, the speaker highlights the lessons learned during this phase, particularly the importance of cultivating a responsible and engaged operations team. Such experiences have taught them that focusing on effective management practices is as critical as pursuing growth and acquiring new properties.
Navigating Investor Relations
Investor relations emerged as a crucial responsibility for the speaker, particularly during times of economic uncertainty and underperformance in the market. They advocate for honest and transparent communications with investors, sharing both the highs and lows of investment performance. Recognizing that investors value integrity, the speaker emphasizes the importance of being straightforward about challenges and progress while maintaining trust. Their experience demonstrates that proper management of investor expectations can lead to loyalty and increased investment, even in difficult times.
Capitalizing on Market Opportunities
As the commercial real estate landscape shifts amid rising interest rates, the speaker notes the slowing competitive environment offers unique opportunities. They believe this circumstantial rarification presents a chance to engage with quality assets while avoiding the pitfalls of hastily raising capital just for the sake of growth. The speaker adopts a long-term perspective, focusing on building solid relationships and providing value rather than getting caught in a cycle of hasty investments to meet short-term goals. This methodical approach ensures stability while allowing for strategic maneuvers in the face of evolving market conditions.
Lessons in Growth and Self-Reflection
The podcast delves into the importance of self-reflection and personal growth, particularly as the speaker navigates the challenges of being an entrepreneur. Over the years, they have recognized that financial success does not equate to personal fulfillment, leading to a pursuit of deeper connections and understanding their true self. The exploration of spirituality, emotional vulnerability, and the realization that relationships hold intrinsic value have driven this transformation. By acknowledging the interplay between personal and professional life, the speaker cultivates a more balanced, meaningful existence.
In this episode, I sat down with Jeremiah Boucher, a real estate investor who knows what it’s like to start from nothing and build something incredible. Jeremiah grew up in Las Vegas, spent his summers working for his dad's paving company, and eventually dropped out of college to chase his real estate dreams. But it wasn’t all smooth sailing. Jeremiah shares how he lost everything in 2008, made 30,000 cold calls a year, and clawed his way back by focusing on commercial real estate. He eventually built one of the largest manufactured housing funds in the country before going out on his own to launch Patriot Holdings. In our conversation, Jeremiah talks about what it’s really like to be a CEO, raise capital for the first time, and manage investor relationships. We also dive into self-storage investing, the future of affordable housing, and even the role of 3D printing in construction. But this episode goes deeper than just business — Jeremiah opens up about his spiritual journey, how he discovered his identity, and the impact major life events had on his path. Whether you're an investor, entrepreneur, or just someone looking for inspiration, this episode is packed with valuable insights and powerful stories.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generat...
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