027: Jake Harris on Investing in Distressed Commercial Real Estate

Today, I’m thrilled to be speaking with my friend Jake Harris — a very successful entrepreneur and real estate investor. In his new book, Catching Knives: A Guide to Investing in Distressed Commercial Real Estate, he shares practical advice and personal anecdotes to help you embrace the next economic downturn and navigate the risk of distressed investing. Jake became a millionaire before the age of thirty, but soon found himself overextended and with massive debt in the middle of a monumental recession. However, he emerged stronger than before by building a portfolio that leveraged distressed market opportunities. In today’s conversation, we talk through what went wrong for him early on, how he reinvented himself in his current field, and how to dream big, create leverage, and truly scale your investments. Key Takeaways with Jake HarrisWhy everything fell apart for Jake’s early investments–and what he learned as he jumped back into the world of real estate investing. Why it costs just as much to flip a house worth $25,000, $50,000, or $100,000 as it does for one worth $1 million–and the benefit of working at scale.Why things will never go back to exactly as they were before–and the unique opportunities this is creating for investors.How Robert Kiyosaki, Tim Ferris, and GoBundance helped transform Jake’s life for the better. Why net worth is such a bad way to measure success, what really matters, and the magic that happens when you tap into your true passion.Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit JustinDonald.com/27 Get the Lifestyle Investor Book! To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit JustinDonald.com/book Rate & Review If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.