40 | Creative Financing and Local Lending Lead to Home-Run Deal with Joel Florek

Joel's Background:

• Principal of JFH Capital Group
• Invests in commercial multifamily in Indiana and Southwest Michigan
• Finds ways to creatively finance properties to be low to no money down in deals
• Looking to scale up into larger properties (80+) for the benefits of scale

In this episode we cover:

• Joel's start with a 4 unit house hack
• His first commercial deal, a 16 unit which involved the seller carrying a second on the property.
• His strategy on this deal and why he chose a shorter amortization length
• The straightforward approach he took to get this deal closed with the seller and lender
• How local lending can really be advantageous to find something that fits your needs
• How that local lender saved the day as the 'backup' option Joel intended to use to finance
• How to properly assess rental comps and sales comps in a smaller market that has less data

Connect with Joel:

• https://www.jfhcapital.com/
• joel@jfhcapital.com

Connect with Dave:

• https://www.lvare.com/
• dave.morgia@longviewacquisitions.com