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b'How did Jonathan transition from teaching to real estate investing, and what key lessons did he learn along the way?\\n\\xa0\\nJonathan started as a special education teacher but felt limited by his earning potential. He began investing in real estate by flipping houses, using private money and credit cards to finance his first deals. After finding success flipping, Jonathan transitioned to buying small multifamily properties. Jonathan shifted to larger commercial real estate like office buildings and industrial properties when he wanted more freedom to spend time with family. He made mistakes along the way, learning tough lessons about the importance of due diligence. Now Jonathan pursues highly functional \\u201cset it and forget it\\u201d commercial assets to focus on his role as a husband and father.\\n\\xa0\\nJonathan Hayek worked in the teaching and non-for-profit world for ~10 years. He decided to live the life of an entrepreneur to pursue financial and time freedom. Now an owner/operator of multi-family and commercial real estate as well as the host of The Source of Commercial Real Estate Podcast, the go-to source for learning about commercial real estate (particularly outside of multi-family!\\n\\xa0\\n[00:02- 00:07] Scrappy First Deals:\\nFinanced first flips through inheritance money, private lenders, and credit cards\\nEarly success built confidence to take on more projects\\nHe was able to attract more financing for additional deals\\n\\xa0\\n[00:08 - 00:15] ]Painful Due Diligence Lesson:\\nWhy Jonathan felt "invincible" and bought a house with major water issues\\nLearned to thoroughly vet properties before purchasing\\nWhy it\'s okay to cut losses instead of throwing good money after bad\\n\\xa0\\n[00:16 - 00:20] From Small Multifamily to Commercial:\\nJonathan wanted more family time so looked into larger commercial properties\\nTried an office building, leasing up small spaces to local businesses\\nHe settled on industrial buildings which require less management\\n\\xa0\\n[00:21 - 00:27] Creating Value in Industrial Assets:\\nJonathan pursues industrial properties with expiring leases below market rent\\nSigns longer leases at higher rents, adding major value\\nRefinances to get his capital out and repeats the process\\n\\xa0\\n[00:28-00:30] Lifestyle Over Empire Building:\\nHe now focuses on easily managed assets to devote time to family\\nIndustrial buildings have low maintenance compared to other asset classes\\nQuality assets have high demand from trade companies needing workspace\\nBook recommendation: How to Win Friends and Influence People by Dale Carnegie\\n\\xa0\\n\\xa0\\nConnect with Jonathan:\\n\\xa0\\nhttps://www.thesourcecre.com/contact-us/\\n\\xa0\\n\\xa0\\nQuotes:\\n\\xa0\\n\\u201cThe best confidence builder is having success. So you have some success on those first couple of deals, build your capital reserves a little bit, build your reputation, your track record, and then you can attract more capital.\\u201d - Jonathan Hayek\\n\\xa0\\n\\u201cI am inspired by people that live life on their terms, that know how to give back, that know how to inspire others, and can live life on their terms in a kind and respectful and thoughtful way.\\u201d\\xa0- Jonathan Hayek\\n\\xa0\\nApply to Invest with Taylor at\\xa0www.investwithtaylor.com\\n\\xa0\\nTrack your wealth for free with Personal Capital, go to\\xa0www.escapingwallstreet.com\\n\\xa0\\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!'