Capital Hacking E291: The Wisdom of Three Real Estate Cycles with Joe Evangelisti
On this episode of Capital Hacking, hosts Josh McCallen and John Edwin talk to Joe Evangelisti, CEO of Legacy Developers and Legacy Builder Capital. Joe shares his journey from being a Navy CB to venturing into real estate after leaving the military. He discusses his experience in three real estate cycles and his transition from flipping houses to large scale storage. Joe also provides insights into the value proposition of Class A storage. Stay tuned to the end for some valuable takeaways from this conversation.
[00:01:10] Navy CBs and real estate.
[00:03:32] Military background in construction.
[00:07:40] OPM and raising capital.
[00:09:22] Profit sharing and partnership.
[00:13:12] From houses to self storage.
[00:14:20] Adversity and scaling down.
[00:18:30] Land development and entitlement.
[00:21:36] Regulation and COVID impact.
[00:23:07] Hiring and managing managers.
[00:27:17] Value add and mixed-use properties.
[00:30:03] Repurposing hotels for affordable housing.
[00:32:30] Following your passion.
The podcast host warmly invites listeners to visit accountableequity.com to delve deeper into a specific investment opportunity. Describing it as more than just a capital group, the website is portrayed as a community of accredited investors who are eager to learn and grow together. The host personally extends an invitation to interested listeners, encouraging them to explore the website and determine if this investment avenue aligns with their goals and family's needs.
During the podcast, guest Joe Evangelisti shares his contact information, mentioning that he can be found on LinkedIn, Facebook, and the website investwithlegacy.com. At 00:32:11 in the podcast transcript, he provides his name and highlights these platforms as accessible means to reach out to him or follow his work. Additionally, he mentions that individuals can visit investwithlegacy.com, complete a brief form, and easily get in touch with him.
Throughout the episode, the close friendship between Joe Evangelisti and the host is repeatedly emphasized. At 00:31:53, the host expresses excitement about witnessing Joe's personal and professional growth, underscoring their mutual support and accountability. They also mention their involvement in a mastermind group, a community of like-minded individuals who provide support and hold each other accountable. The host describes this aspect as "pretty cool," highlighting the positive impact of their mastermind group.
Furthermore, at 00:31:44, the host interrupts another person to express gratitude for Joe's valuable time and wisdom shared with both the host and their listeners. They express enthusiasm about being Joe's friend and witnessing his growth. This demonstrates a strong bond between Joe and the host, characterized by su
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