Why you shouldn’t under calculate deferred maintenance cost with Lee Yoder

Welcome to Real Estate (Un)Success Stories. After only a short few seconds, you’ll catch the infectious energy and enthusiasm of Cody’s  guest on this episode, Lee Yoder. Lee was practicing physical therapist when he realized his true passion was building his own business and investing in real estate. He took this passion and considerable action to quickly build a portfolio with several small apartment buildings. He was able to swiftly reposition this portfolio, bring it full cycle, and provide an incredible return for his investors.

 

 

Today, Lee is focused on syndicating larger apartment buildings. He is the founder and visionary behind Threefold Real Estate Investing, and he’s committed to forging a path that will generate incredible wealth and opportunity for all involved. His focus is driving the business forward by forging new relationships with top-notch professionals in the real estate world and bringing on more partners to invest alongside Threefold.

 

 

Lee also hosts a podcast, Threefold Real Estate Investing, which discusses multifamily real estate investing, while also focusing on pursing better relationships with family and a better walk with Christ. Make sure to connect with Lee on Facebook or LinkedIn.

 

 

Key Takeaways:

 

• Think about and consider what success looks like to you, prior to investing.
• Are you Under capitalized for deferred maintenance or the “little things” that pop up?
• Do you know how much you need to set aside per unit, per year for maintenance costs?
• “Hang in there. You gotta stick with it. “

 

 

During his conversation with Cody, Lee refers to the book, The Compound Effect from Darren Hardy.

 

 

Thanks for listening to The Real Estate (Un)Success Stories podcast.  Help someone hear the challenges we went through so they can avoid the same mistake by sharing this episode or listen to our previous episodes. Please don’t forget to leave a review and 5-star rating on your favorite podcasting platform.

 

Vendue Capital is on the Web and, you can connect with our host, Cody Lewis on LinkedIn.

 

Production services for The Real Estate (Un)Success Stories podcast are provided by Downtown Podcasting. To start a conversation on how you can have a podcast, simply send an email to info@downtownpodcasting.com.