In this episode of the "Let's Get It" podcast, host Justin Spalding engages with George Diekelman, a rising star in real estate investing. George shares his inspiring journey from owning a few single-family homes to acquiring a 30-unit multifamily property. The discussion highlights his innovative strategies for finding off-market deals, including direct outreach and leveraging platforms like Facebook Marketplace.
George delves into the specifics of his first major acquisition, detailing the financial structuring and value-add potential. The conversation also explores property management techniques and the benefits of diversifying into small businesses, such as George's recent venture into a home care agency. This episode is packed with actionable insights and motivational stories for aspiring real estate investors.
Chapters:
0:00 Intro: Justin introduces guest George Dieman
5:04 Finding deals through Facebook Marketplace listings
10:16 The importance of understanding your business
15:00 Breaking down George's 30-unit townhome deal
20:32 Adding in-unit washers and dryers increases retention
31:53 The benefits of townhome-style rental units
37:15 Justin's aversion to laundry and packing
42:56 Small business acquisition as cash flow strategy
48:31 George's dream job: college basketball coach
