Episode 46: Real Estate Rookies Part 4: Joe Balayti

<p>In today’s episode we have the honor of welcoming our guest Joe Balayti, The Founder of Operational Capital LLC. Joe Balayti aspires to give back to those who have served the USA and those who have entrepreneurial goals.</p> <p>If you’d like to learn more about real estate investing, whether you have a military background or not, please do check out my LinkTree!</p> <p><strong>In this episode, we explore:</strong></p> <ul> <li>How did Joe get into real estate<br> </li> <li>Dealing time management<br> </li> <li>How challenging AirBnb investments are<br> </li> <li>Things to consider when scaling multifamily investments<br> </li> <li>Transitioning to commercial real estate<br> </li> <li>How difficult is underwriting<br> </li> <li>Cap Rate<br> </li> </ul> <p><strong>About Joe Balayti:</strong></p> <p>Joe grew up outside Chicago, IL really enjoying construction mainly because his dad was/is an electrician and he was always working with him on various jobs and projects. He earned a Bachelor’s of Science in Construction Management from University of Illinois and then worked for a general contractor in Chicago as a Project Engineer for two years.</p> <p>He decided to switch courses and joined the Marine Corps in 2011. He served 6 years as an Infantry Officer. It was an awesome experience but when he turned 30, he decided to switch course again and focus on building a family outside of the military.</p> <p>He left active duty and went back to school where he earned his MBA with a focus in Real Estate.&nbsp; He graduated, got married to his lovely wife Amelia, and landed a W2 in Atlanta at The Home Depot HQ. He thought he’d be able to start acquiring 2-4 unit properties and scale on his own as a side hustle. After two duplexes, one of which he and his wife are currently house-hacking, he quickly realized how hard it was to scale on his own. He knew he wanted to pursue real estate further, but he felt stuck.&nbsp; Again just really unsatisfied with his situation.</p> <p>He started networking and attending web