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Jan. 24, 2022

13 | Take Control Over the Real Estate Industry with Jerome Myers

13 | Take Control Over the Real Estate Industry with Jerome Myers

Jerome Myers (a.k.a “J”) is a developer of people & places. He is the founder and Chief Inspiration Officer of DreamCatchers and The Myers Development Group.  Since leaving corporate America after building a 20MM division, J has become...


Jerome Myers (a.k.a “J”) is a developer of people & places. He is the founder and Chief Inspiration Officer of DreamCatchers and The Myers Development Group.  Since leaving corporate America after building a 20MM division, J has become one of the most sought-after thought leaders in the multifamily development space. His company, The Myers Development Group, built a multi-million-dollar portfolio following the principles of Myers Methods.  This success has led to him being featured on top podcasts such as Best Real Estate Investing Advice Ever with Joe Fairless, Apartment Investing with Michael Blank, Multifamily Investor Nation with Dan Hanford, Target Market Insights with John Casmon, and at least two dozen others.  Although he’s often told that he makes investing look easy, the people closest to him know the road wasn’t without challenges. So, he created Myers Methods, a real estate education company, to dispel many of the myths related to the industry and educate investors on his 4-step process to owning and operating apartments.

 

Let’s tune in to his story!

 

[00:01 - 14:02] Opening Segmen:t

 

  • Welcome to the podcast!
  • Get to know our guest Jerome Myers
    • Bio
    • Corporate American Dropout Man
    • “Don't leave me out of the deal!”: Jerome shares his multifamily real estate origin story

 

[14:03 - 38:44] Take Control Over the Real Estate Industry

 

  • Why Jerome focus only on Joint Ventures
    • The problem with going big
    • Jerome’s thoughts on syndication deals
  • Everybody makes mistakes! 
    • Jerome talks about “no mistake” misconceptions
    • “I’d rather build my own!” 
  •  It’s About Control
    • Jerome and his best friend’s real estate goals
    • Community Myers Methods
    • How to gain control over your real estate deals
    • The thing that gives you the most control
  • The Legacy Round
    • A Deal Full of Missteps and Lessons
    • Jerome’s Favorite Deal – 20-unit in Greensboro, North Carolina
  • Practical Tips on How to Grow Your Portfolio
    • Nobody can flow you if they don't know you

 

[38:45 - 44:44] Slice of Knowledge

 

  • Jerome’s Last Words
    • “The dream should be real.”
  • One Slice of Wisdom
    • “Your network is your net worth.”
  • Real Estate Multifamily Vocabulary
    • Net Operating Income
  • Books and Masterminds to Try
  • Final words
  • Connect with our guest, Jerome in the links below



Tweetable Quotes

 

“If you don't have the right financial partners in your deal, you won't make it.” - Jerome Myers

 

“If you don't have a social media presence, you're wasting one of the best resources out there in this space.” - Jerome Myers

 

“All the opportunities come from other people, as much as we don't like to admit that.” - Jerome Myers

 

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Reach Jerome through Instagram

 

Listen to Multifamily Missteps Podcast

 

Check out his website: https://www.jeromemyers.co/ 




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