Escaping the Corporate Rat Race with Real Estate Investing, with Jim Lee

Welcome To The Real Estate Underground Show #87!In this episode, we have the pleasure of speaking with Jim Lee from Formosa Investing. Jim is a real estate expert with an economics degree from UCLA. He has valuable experience working with Loop Net as an inside sales rep, where he interacted daily with real estate investors, lenders, agents, and property managers. Through his journey, he realized the importance of multiple streams of income and decided to venture into real estate to generate passive income. In this episode, Jim shares his insights on various topics, including his first deal - a 200-unit apartment building with tremendous potential.  He also explains his process for underwriting deals and what he looks for (and avoids) when evaluating opportunities.  Jim sheds light on why he was drawn to large multifamily assets and breaks down what syndication is, which enables investors to participate in multi-million dollar deals.   We will also delve into the invaluable wisdom shared by influential mentors like Robert Kiyosaki and Ken McElroy.  Moreover, Jim shares the systems he has put in place to effectively manage his business and reveals the key things he prioritizes. Want to connect with Jim? Head over to his website, formosainvesting.com, where you can also find his eBook. You can also find him on social media @formosainvesting. Don't miss out on this informative and engaging episode! Resources:Website: https://formosainvesting.comFacebook: https://www.facebook.com/formosainvestinInstagram: https://www.instagram.com/formosainvesting/LinkedIn: www.linkedin.com/in/formosainvestingElevista - Speed as a Service™Elevista Connect is the first AI-powered lead conversion system built for real estate investors. 🎧 Subscribe to Real Estate Underground for weekly insights on building wealth through real estate, without sacrificing your sanity.Additional Resources:Clark St Capital -> Passive real estate investments for busy business owners and executivesElevista -> AI SaaS for real estate investorsClark St Academy on YouTube -> Learn how to invest in real estateSocial Media:LinkedIn -> Ed Mathews (President at Clark St and Elevista)Heads up: If you find this week's book intriguing and you buy using our link, we receive a small commission that helps support the show. Thank you!