How to Identify Advantaged Teams in Real Estate Investing with Joel Block

Published: Oct. 27, 2022, 7 a.m.

b"In this episode, Joel Block shares about how to become an advantage player in real estate and how to identify advantaged players in real estate. He also talks about lessons in blackjack applicable to investing as well as turning the odds in our favor in business and in life.\\n\\nJoel Block is\\xa0 a long-time venture capitalist and hedge fund manager, he knows how to pinpoint success. Because he is also a futurist, he bets on the trends that he identifies. In addition to his experience of building and/or operating close to 40 companies, he has advised hundreds more, and has the experience of being inside of over 1,000 companies with the opportunity to analyze them, whether for acquisition, investment, or advisement. Joel has several secret weapons including his extraordinary wit which contributes to his lightning-fast understanding of the businesses he examines.\\n\\n[00:01 - 12:30] Opening Segment\\nJoel shares his background as a CPA and becoming a professional in Blackjack\\nStarted as a professional gambler in Las Vegas and transitioned to Wall Street\\nHow much money you make depends directly on how much money you have in your bank roll\\nBlackjack is a game about keeping track of the balance between low and high\\n\\xa0\\n[12:31 -19:18] Becoming a \\u201cAdvantage Player\\u201d\\nUnderstanding the rules of the game better\\nIdentifying key people who can help you in real estate\\xa0\\nThere is predictability in the real estate market\\nDifferentiating market distress from personal financial destress\\xa0\\n\\n[19:19- 30:49] Identifying Financial Distress and Crypto Frauds\\nKnowing the value of the property and if it can yield a return\\nDifferentiating if a deal is just for a trophy property\\xa0\\nOutsourcing due diligence\\nLack of regulation around cryptocurrency\\n\\xa0\\n[30:50 - 35:37] Closing Segment\\nQuick break for our sponsors The 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.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\xa0\\n\\nWhat is your favourite book?The Memory Book by Harry Lorayne and Jerry Lucas\\n\\nWhat is an indispensable tool or asset in your business or life?\\xa0Evernote\\xa0\\n\\nWhat conference are you excited to go to in 2023?National Speakers Association Annual Conference\\n\\n\\nConnect with Joel Block:\\nWebsite:https://joelblock.com/\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.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 Quotes:\\n\\u201cBut the bottom line is that you don't win every hand, but you tend to win more often when bigger bets are on the table. And that's what makes a professional player a winner.\\u201d - Joel Block\\n\\nDisclaimer: This is not an episode about how to successfully play blackjack. We are only\\xa0 pulling lessons around, turning the odds in our favor in business and in life. This is not a gambling show."