Successfully Retiring Early From A Fortune 50 Engineering Job Through Real Estate Investing with Jeremy Lemere Part 1 🚀🏠💼 episode artwork

EPISODE · Jan 9, 2025 · 23 MIN

Successfully Retiring Early From A Fortune 50 Engineering Job Through Real Estate Investing with Jeremy Lemere Part 1 🚀🏠💼

from The Side Hustle and Business Show with Eric Lindsey · host Eric Lindsey

Are you ready to discover how someone working in engineering for a Fortune 50 company built a profitable real estate portfolio on the side? Look no further! In this episode, Jeremy Lemere walks us through how he balanced a demanding job and a growing family while investing in single-family homes, duplexes, multifamily properties, and even self-storage units. 🤯✨Early Influence & Real Estate Spark ⚡Childhood Exposure: Jeremy’s parents owned a few properties in the 80s, inspiring him from a young age.Great Recession Wake-Up Call: Witnessing layoffs motivated him to seek additional income, leading him to rehab distressed homes and build equity in properties others had overlooked.Engineering Meets Business 🏗️🎓MBA & Tech Skills: Jeremy combined his engineering background with an MBA to track market trends and handle construction challenges.Optimization Mindset: He automated tasks (digital leases, virtual assistants) so he could focus on scaling while still delivering results at his 9-to-5.Scaling While Working Full-Time 🚀📈From Single-Family to Multifamily: Starting with flips and duplexes, Jeremy jumped to larger apartment buildings, quickly growing from 18–20 units to 50–60 units. Self-Storage Success: When multifamily cap rates fell, he pivoted to self-storage for higher returns and simpler management (no toilets to fix! 🚽❌).Family & Time Management 👨‍👩‍👧‍👦⏰Team Effort: His wife helped coordinate rehabs and contractors, allowing Jeremy to keep his engineering job.Clear Goals: By aiming for \$8k–\$10k in free cash flow, he knew exactly when he could safely leave his W-2.Strategic Growth & Current Focus 🔑💡Slowdown on New Acquisitions: Higher interest rates made him more selective, so he’s refining operations and occupancy.Diversification: Apartments, self-storage, and other commercial real estate ensure stable returns regardless of market swings.Key Takeaways & Advice ⭐💰1. Use Your Day Job: A steady paycheck boosts financing options and lowers risk.2. Aim for Efficiency: Software tools and virtual assistants free you to scale faster.3. Embrace Your Strengths**: Engineering or business skills can be huge assets in real estate.4. Set Clear Targets: Know your desired monthly cash flow or unit count before jumping ship.00:00 Introduction to Jeremy's Real Estate Journey01:34 Early Exposure and Career Beginnings02:57 Impact of the Great Recession05:17 Building the Real Estate Portfolio07:34 Scaling Up and Managing Properties09:32 Exiting the W2 Job17:03 Current Business Strategies and Market Conditions19:30 Diversifying into Multiple Asset Classes23:11 Conclusion and Final Thoughts#RealEstateHustle #SideIncome #FinancialFreedom #SelfStorage #Multifamily #EngineeringSuccessWebsite: https://ericlindseyml.com/Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversationClick On The Link Below For More Information About Eric Lindsey:https://linktr.ee/ericlindsey

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Successfully Retiring Early From A Fortune 50 Engineering Job Through Real Estate Investing with Jeremy Lemere Part 1 🚀🏠💼

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