REIA 341 Joel Friedland: What 42 years in real estate will teach you

We'd love to hear from you. What are your thoughts and questions?Joel Friedland is an industrial real estate syndicator with over 40 years of experience and nearly 100 acquisitions in the Chicagoland area totaling ~3 million sq ft. On his team are more than 200 investors.  Joel brings to us his unique philosophy on debt ratios and preservation of capital.Main Points:2008 recession (How I got into trouble, got out of trouble, and the struggle/journey)Buying assets all-cash, no mortgage (After 2008 I changed my focus to buying assets with no debt for extreme financial safety)Importance of mentorship (I was mentored myself and it was huge advantage. Now I give back by mentoring others)The “User Sale” (selling buildings to users instead of investors for a premium because it’s a tool for their business vs. chasing a cap rate).The niche of B/C industrial in Chicago (Why we buy what we buy)How I make major decisions (I have an advisory board of ~8 people who are business or real estate professionals. I don’t make any big decision without talking to them first and getting their input).Raising capital (I’ve raised over $100 million for my various real estate syndications over the years)Connect with Joel Friedland: Contact them at: https://britproperties.com/contact-us/ to learn more about our current [email protected]://www.linkedin.com/company/11769890/https://www.youtube.com/@britproperties4581https://www.facebook.com/profile.php?id=100064703481200