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The Side Hustle and Business Show with Eric Lindsey
We will provide you with up-to-date side hustles and business tips to help you operate a successful side hustle or business. You will learn how to manage your business while working full-time or having very little time to contribute to building your business. This podcast will supply you with the roadmap that leads to financial security. We will give you step-by-step actionable tips that you can implement in your everyday life to find success through side hustles, small businesses, part-time, or even full-time endeavors.
The Side Hustle and Business Show with Eric Lindsey
Successfully Retiring Early From A Fortune 50 Engineering Job Through Real Estate Investing with Jeremy Lemere Part 1 🚀🏠💼
Are you ready to discover how someone working in engineering for a Fortune 50 company built a profitable real estate portfolio on the side? Look no further! In this episode, Jeremy Lemere walks us through how he balanced a demanding job and a growing family while investing in single-family homes, duplexes, multifamily properties, and even self-storage units. 🤯✨
Early Influence & Real Estate Spark ⚡
Childhood Exposure: Jeremy’s parents owned a few properties in the 80s, inspiring him from a young age.
Great Recession Wake-Up Call: Witnessing layoffs motivated him to seek additional income, leading him to rehab distressed homes and build equity in properties others had overlooked.
Engineering Meets Business 🏗️🎓
MBA & Tech Skills: Jeremy combined his engineering background with an MBA to track market trends and handle construction challenges.
Optimization Mindset: He automated tasks (digital leases, virtual assistants) so he could focus on scaling while still delivering results at his 9-to-5.
Scaling While Working Full-Time 🚀📈
From Single-Family to Multifamily: Starting with flips and duplexes, Jeremy jumped to larger apartment buildings, quickly growing from 18–20 units to 50–60 units. Self-Storage Success: When multifamily cap rates fell, he pivoted to self-storage for higher returns and simpler management (no toilets to fix! 🚽❌).
Family & Time Management 👨👩👧👦⏰
Team Effort: His wife helped coordinate rehabs and contractors, allowing Jeremy to keep his engineering job.
Clear Goals: By aiming for \$8k–\$10k in free cash flow, he knew exactly when he could safely leave his W-2.
Strategic Growth & Current Focus 🔑💡
Slowdown on New Acquisitions: Higher interest rates made him more selective, so he’s refining operations and occupancy.
Diversification: Apartments, self-storage, and other commercial real estate ensure stable returns regardless of market swings.
Key Takeaways & Advice ⭐💰
1. Use Your Day Job: A steady paycheck boosts financing options and lowers risk.
2. Aim for Efficiency: Software tools and virtual assistants free you to scale faster.
3. Embrace Your Strengths**: Engineering or business skills can be huge assets in real estate.
4. Set Clear Targets: Know your desired monthly cash flow or unit count before jumping ship.
00:00 Introduction to Jeremy's Real Estate Journey
01:34 Early Exposure and Career Beginnings
02:57 Impact of the Great Recession
05:17 Building the Real Estate Portfolio
07:34 Scaling Up and Managing Properties
09:32 Exiting the W2 Job
17:03 Current Business Strategies and Market Conditions
19:30 Diversifying into Multiple Asset Classes
23:11 Conclusion and Final Thoughts
#RealEstateHustle #SideIncome #FinancialFreedom #SelfStorage #Multifamily #EngineeringSuccess
Website: https://ericlindseyml.com/
Click On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversation
Click On The Link Below For More Information About Eric Lindsey:
https://linktr.ee/ericlindsey