Building A Next Level Fund with Joel Block

Listen to the Episode (24:21)

Joel G. Block is a fanatical Dodger fan. If you want some free advice from Joel, invite him to a game. Just make sure you’re rooting for the right team. He began his career as a CPA with the prestigious firm of Price Waterhouse. During his time with the company’s Entrepreneurial Services Group, Joel immersed himself in the real estate syndication business. He started his own syndication firm back in 1986, raising several million dollars in three short years. By 1990, Joel had built a property management firm of more than 40 employees with a portfolio exceeding $100MM.

[00:01] – [04:35] Opening Segment

Insight into the episode
Introduction to the guest for the episode, Joel Block
Joel’s background
- CPA career
- Syndication
- Venture capital
- Hedge Funds and Real estate
What he’s currently into

[04:36] – [21:18] Building A Next Level Fund

Lessons he learned as it pertains to raising equity
Getting out of real estate and moving into the money business
Utilizing public relations and media to attract more capital
- Social Media compared to traditional mainstream media
- Pros and cons of mainstream(traditional) media
Utilizing the right tools at the right time
- Funds, Syndications, Joint Ventures
How he scaled his business and investments
- Putting the right person in the right job

[21:19] – [23:59] Final Four Segment

Joel’s advice to aspiring investors
- Money follows expertise
- Figure out what you’re good at and go do that
How he stays on top of his game
- Research
- Listening to a lot of podcast
His way to make the world a better place
Reach out to our guest– see links below
Final words

Tweetable Quotes:

“The money is not made in real estate, the money is made in the money. The more money you control, the more real estate you can buy. So stop thinking of yourself as a real estate person and think of yourself as a money person. ” – Joel Block

“When you get more money, it opens up doors that you can’t imagine.” – Joel Block

“You have to get other people to do excellently what you’re mediocre at.” – Joel Block

“Be around people who know how to do things. So I encourage other people to join mastermind groups, because collective wisdom is powerful.” – Joel Block

“Money follows expertise. Figure out what you’re good at and do that.” – Joel Block

Resources Mentioned: