How to Develop Real Estate Overseas

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email [email protected] and I’ll send you a free training on finding and analyzing properties.In this episode, I interview Maurice Philogene, real estate investor, entrepreneur, public servant, philanthropist, and lifestyle design/wealth coach.Maurice describes his life in real estate as being split into three parts: the first was his journey to financial freedom (which he talks about at length during his first appearance on episode 68 of the podcast); the second involved apartment syndication and founding a real estate investing company with several partners; the third, is his foray into overseas real estate development.Listen in as Maurice discusses how he made the switch from corporate life to entrepreneurship despite societal expectations, why condos don’t have to be a “bad” investment, and why he encourages everyone to “try life on, not later”.Highlights1) In today’s world, most of us are taught to view outcompeting our coworkers and climbing the corporate ladder as key to career success. Maurice encourages us to chase our own version of success even if it’s different from society’s expectations and completely detached from the accumulation of money or status.2) No matter how much you want to make per month in real estate, the first number you need to figure out is your budget for basic needs: rent, food, gas, etc. Once you hit that number, life changes—stress is minimized and you can work on scaling what you have over worrying about monthly bills.3) When investing in apartment complexes, focus on a city with good job stability and steady population growth. Also, look for economies of scale, since the value of a multifamily is not just the rent, but in how operationally efficient you can be—to increase net operating income not just by increasing rent but by decreasing expenses as well.How to find himWebsite - www.trylifeon.comInstagram - @mauricephilogeneListen to his first episode here We got nominated for a Webby award! Please click here to vote for me! https://vote.webbyawards.com/PublicVoting#/2023/podcasts/general-series/diversity-equity-inclusionShop our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin me at Black Real Estate Week in New Orleans! Click here for tickets. Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy