BROADCASTS.com

A house-hack is a great way to get started in real estate. You live in one unit and rent out the others, so the residents pay the mortgage and expenses. Jay-R Domantay used this strategy to get his first deal and then invested in a couple duplexes before making the leap to commercial multifamily apartments.\n\xa0\nBorn and raised in the Philippines, Jay-R moved to Chicago in 2007 and has used hustle, grit, and ingenuity to build a 27-unit portfolio. Even more impressive, he\u2019s done it all while working a full-time job and another part-time gig. He is a licensed CPA and real estate broker, helping others get started in real estate investing. We talk about his steps to go from house-hack to commercial real estate, lessons learned along the way, and what's next on his investing journey.\n\xa0\n\xa0\n\xa0\n[00:01 - 10:16] Opening Segment\n\xa0\nJay-R shares how he came to America and how he got his start in real estate\nRelying on hustle mentality to get deals and renovating properties\nTreat your investment as if you have a hundred units\n\xa0\n[10:17 - 15:56] Seller Financing and Hiring a Contractor\n\xa0\nHiring a contractor to help with the property helps you focus on the business\xa0\nNegotiating for a seller finance\xa0\nBuilding rapport with the previous owner of the property\n\xa0\n[15:57 - 27:15] Adapting to the Market Change\n\xa0\nTake advantage of the market recession\nDo your homework on the market and learn to network\nHave a criteria for what kind of properties you want to invest in\nImportance of really knowing the market you are getting in\xa0\n\xa0\n[27:16 - 33:29] Closing Segment\n\xa0\nQuick break for our sponsors\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\xa0Learn more about Personal Capital at escapingwallstreet.com\xa0\n\xa0\nWhat is the best investment you've ever made other than your education?\nThe first two flat he bought\n\xa0\nJay-R Domantay\u2019s worst investments\xa0\nThe house he is living in right now\n\xa0\nWhat is the most important lesson you\u2019ve learned in business and investing?\nHaving the right mindset going into real estate\n\xa0\nConnect with Jay-R Domantay thru email mvdarental@gmail.com\xa0\n\xa0\n\xa0\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through\xa0https://www.passivewealthstrategy.com/crowdstreet/\nParticipate directly in real estate investment loans on a fractional basis. Go to\xa0www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\n\xa0\nTweetable Quote:\n\u201cThe most important thing is having the right mindset, the hustle mentality, be positive and all that. When people think\xa0it's time to kinda like put their hands\xa0in the sand, we look at it as opportunity.\u201d - Jay-R Domantay