What does it take to go from physical therapist to running a vertically integrated apartment company? Lee Yoder shares how he left a corporate job, took a 30% pay cut, and flipped his first house before moving into duplexes, small multifamily, and eventually syndicating larger apartment buildings. He reveals why he brought property management in-house, how weekly KPI calls keep his team focused, and why the spread between cap rates and interest rates drives every buying decision today. Tune in to learn why Lee believes most new investors overestimate the worst-case scenario, and why the hardest part is simply getting started.
Key Takeaways To Listen For
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Why Lee realized flipping was just another way to trade time for money
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What Lee learned about reserves, deferred maintenance, and surprise tax bills
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How bringing property management in-house helped Lee keep his properties focused
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Which markets Lee targets and why less competition can mean better pricing
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The cap rate and interest rate spread Lee watches before buying today
Resources/Links Mentioned In This Episode
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Rich Dad Poor Dad by Robert T. Kiyosaki | Paperback and Hardcover
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The Compound Effect by Darren Hardy | Paperback and Hardcover
About Lee Yoder
Lee Yoder was a doctor of physical therapy when he realized his true passion was building his own business and investing in real estate. He took that passion, and lots of action, to quickly build a portfolio of small multifamily properties. After repositioning those properties and bringing them full cycle, he quit his W-2 in 2020 to invest in real estate full-time. Today, Lee focuses on syndicating larger apartment buildings as the founder and visionary behind Threefold Real Estate Investing. The company is vertically integrated and owns and operates nearly 900 units in Ohio and Indiana, with approximately $55 million in assets under management.
Connect with Lee
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Website: Threefold Real Estate Investing
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LinkedIn: Lee Yoder
Connect With Us
If you’re looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://slipstreamaii.com/.
Follow Keith’s social media pages
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LinkedIn: Keith Borie
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Investor Club: Secret Passive Cashflow Investors Club
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Facebook: Keith Borie
