CP32: Joint venture or syndications for multifamily real estate with Jerome Myers

Join me and my co-host, Steve Fierros, as we chat with Jerome Myers about joint ventures versus syndications; which one is better? Jerome is the founder of Dream Catchers and the Myers Development Group. Over the past few years of continuously achieving success, he has built a multi-million dollar portfolio. His real estate education company, Myers Methods, helps investors learn how to own and operate apartments. He also hosts two podcasts, the Dream Catchers and Multifamily Missteps. 

Make Your Dream a Reality

As children get older and become adults, they forget about their dreams. Most of them will settle for a job, working 40 hours a week, because it is a source of income even though they are unhappy. They become afraid to take risks because of other people’s opinions and the risk of failure. This is one of the reasons why a lot of adults are not satisfied with their lives. When you’re not living your life on a purpose, you’ll experience and will feel burnouts more often. Sadly, it is not uncommon that some of these jobs requiring 40 hours a week have low paying salaries. 

It is not too late to make your dream a reality. The best time to make it happen is now. It is okay to make mistakes and fail because, through those experiences, you’ll become more skilled and capable. When someone really wants something bad enough, that person will do everything it takes to achieve his goal. 

Stop Pretending and Start Caring

Many people in our society have become so insensitive and callous. Others like to pretend to be someone they’re not and that everything is going well. They feel embarrassed to admit that something is not going right. Jerome said that if you ask for help and let people know that you’re struggling, they will care. It is unavoidable that others will not; however, you just have to find the right people that will. By doing this, you’re going to lift a huge burden on yourself and will make things easier or you. 

People need to stop pretending, start helping, and focus more on caring. Kindness and empathy go a long way. These days, we need these now more than ever.

About Jerome Myers:

𝗜'𝗺 𝗮 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗱𝗿𝗼𝗽𝗼𝘂𝘁 𝘄𝗵𝗼 𝗵𝗲𝗹𝗽𝘀 𝗼𝘁𝗵𝗲𝗿𝘀 𝗲𝘅𝗶𝘁 𝘁𝗵𝗲 𝗺𝗮𝘁𝗿𝗶𝘅.

From the outside looking in, everything in my world was going to plan. My career was attached to a rocket. I was already making over 100 k, and I just finished my MBA at night. I'd married my college sweetheart a few years earlier, and our first daughter was happy and healthy. I had money in the bank, a huge house, my dream car, and the ability to travel out of the country regularly, but I was empty on the inside. I think most of us are like that.

We are silently asking ourselves, is this all there is to life?

Finally, I started asking my friends this same question and realized they were asking it too.

I decided we have to fix this.

After building a 20 MM division at a construction company and having to lay off my teammates two years in a row, I'd had enough and decided to become a full-time real estate entrepreneur.

My approach to (YOU):

In my approach to coaching, we use trust, openness, compassion, and direct communication to guide our clients on a range of professional and personal issues. By harnessing the power of counseling, consulting, and mentoring, we help them find their inspiration and use it as fuel to build the life they desire.

Our process is simple; we gain clarity around the current situation, perform a gap assessment to see what resources are missing, then create a customized strategy that delivers RESULTS.