Join us on Average Joe Finances as our guest George Otel, an immigrant and business owner who transitioned from owning a trucking company to founding US Business Funding, shares his journey from truck driving to real estate investing and focuses on the significance of building a strong team, understanding financing, and the opportunities in commercial real estate. He emphasizes the importance of preparation, patience, and leveraging relationships for success. George also offers insights on effective networking, the benefits of SBA loans, and provides advice for new entrepreneurs.
In this episode:
- Discover how George Otel transitioned from trucking to thriving in commercial real estate and business financing.
- Learn why networking and building the right team of experts (CPAs, lawyers, financiers) is essential for growth.
- Understand the differences between residential and commercial real estate and why commercial offers higher returns with less competition.
- Explore smart financing strategies, including leveraging SBA loans to move from renting to owning.
- Take away hard-earned lessons on patience, planning, and the importance of hiring support early to scale faster.
- And so much more!
Key Moments:
00:00 Introduction and Welcome
02:03 Meet George Otel: From Trucking to Real Estate
04:09 Diving into Commercial Real Estate
05:43 The Importance of a Strong Team
10:14 Financing Strategies for Business Owners
19:01 George's Real Estate Journey and Insights
21:50 The Importance of Networking in Real Estate
23:06 Building Trust and Relationships
24:09 The Necessity of Pre-Approval
25:10 The Role of Preparation and Reputation
28:51 The Value of Patience and Rational Decisions
31:01 Exploring Franchise Opportunities
32:14 Final Round: Lessons and Tips
39:50 Where to Find More Information
41:27 Conclusion and Farewell
Find George Otel
Website: www.usbizfunding.net
Facebook: https://www.facebook.com/George.Otel
LinkedIn: https://www.linkedin.com/in/georgeotel/
Instagram: https://www.instagram.com/georgeotel/
Twitter: https://twitter.com/george_otel
Average Joe Finances®
All of our social media links and more: https://averagejoefinances.com/links
About Mike: https://mikecavaggioni.com
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
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