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Family, Business, and Real Estate Mastery With Josh and Katie Dalke
Manage episode 444394676 series 3606824
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Can you imagine transforming a modest duplex into a diversified real estate empire within just a few years? Join us on this thrilling episode of the Wisconsin Investor Podcast as we sit down with Josh and Katie Dalke, who did exactly that. Starting with their first property purchase in 2017, they faced daunting challenges like evicting their first tenant and dealing with ongoing construction while raising young children. Yet, their unified vision and goals turned these hurdles into stepping stones, leading to substantial property appreciation and the embodiment of the "wealth cone" concept.
Discover the nuances of expanding into the storage unit business as Josh and Katie detail their experiences with high occupancy rates and the difficulties posed by unauthorized tenants and stiff competition. They share the strategic management practices that have helped them secure profitable deals and the crucial decision to hire an administrative assistant. This hire has been a game-changer, allowing them to balance their demanding careers, real estate ventures, and family responsibilities while maintaining their sanity and preventing burnout.
Finally, Josh and Katie peel back the layers of real estate partnerships and hiring, offering candid insights from their journey. They discuss the emotional and financial implications of bringing new team members into a closely-held business and the lessons learned from a particularly challenging short-term rental investment in Florida. Their story is a testament to the power of perseverance and a growth mindset. Tune in for valuable lessons in making deals work despite market conditions, and don't miss their light-hearted sharing of their favorite Wisconsin tradition or spot to visit.
Chapters
1. Family, Business, and Real Estate Mastery With Josh and Katie Dalke (00:00:00)
2. Wisconsin Real Estate Investor Success (00:00:02)
3. Diversified Real Estate Investment Portfolio (00:06:09)
4. Balancing Real Estate Business and Family (00:16:50)
5. Navigating Real Estate Partnerships and Hiring (00:24:15)
6. Building a Successful Real Estate Portfolio (00:29:14)
11 episodes
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