Feb 13 2025 52 mins
Host Matt Drouin, from the Go Big! Live Real Estate Investors Podcast, interviews Joe Downs, co-founder of the Belrose Group. Joe elaborates on his transformative journey from various entrepreneurial ventures to establishing a strong presence in the self-storage sector. This episode explores Joe's valuable lessons learned from his earliest mistakes, including the importance of 'keeping your head in the kitchen,' and the strategic processes of acquiring, financing, and operating self-storage facilities. Joe shares insights on building investor relationships, marketing strategies, and the operational nuances that spell success in real estate. Whether you're a seasoned investor or just starting, Joe's stories and practical advice offer compelling takeaways for all.
00:00 Introduction and Host Welcome
00:24 Guest Introduction: Joe Downs
02:32 Joe's Background and Early Career
06:32 First Entrepreneurial Venture: The Bar
09:05 Transition to Real Estate
12:30 Discovering Self Storage
18:04 First Self Storage Deal
27:03 Dynamic Pricing in Self Storage
28:04 Transitioning from Multifamily to Commercial Assets
29:08 Finding Deals in Self Storage
32:01 Working with Brokers and VAs
33:32 Building Relationships in Real Estate
38:15 Financing and Capital Stack
40:31 Raising Capital and Structuring Deals
43:50 Marketing and Growing Your Sphere
48:13 Advice for Scaling Your Real Estate Business
Connect with Joe:
Email: [email protected]