Please introduce yourself.
My name is Dr. Joseph Guzzardi, DPT. I hold a Doctorate in Physical Therapy as well as a Bachelor’s in Health Science. I have been actively treating patients and leading healthcare teams for over a decade. I purchased my first rental property three weeks before the Covid-19 pandemic in 2020 and haven’t looked back since.
I was lucky to be acquainted with a like-minded individuals early in my investing journey. These real estate investors have taught me how to scale my portfolio to 14 properties and over 40 doors in less than three years. Additionally, I have several more properties set to close by the end of 2022. I have been able to accomplish these goals while still working full-time in a hectic healthcare environment.
I plan to launch a YouTube Channel, “Dr. Joe Does Real Estate” to educate both new and experienced investors in the Buy & Hold Space, share real life investor stories, and provide valuable insights to active deals.
How did you get started in the real estate business?
I took ACTION! So many people talk about it, but a few actually move forward and take the leap. The only way to learn and grow is by taking action, learning, and moving the ball down the field. After my first investment property, I was officially bit by the real estate bug. I kept finding ways to acquire future properties.
What are some hot markets for real estate that you are excited about?
Southern New Jersey, specifically Atlantic County. There are plenty of ongoing development and redevelopment projects as well as high levels of activity from big names in the real estate industry.
How do you source your real estate deals?
I primarily source deals from high level wholesalers, agents, and other investors who I have strong relationships with.
What are some checks and balances you’ve put in place to protect your real estate transactions?
I employed tried-and-tested systems and have multiple people in place. These systems involve how you collect rent, how you communicate with property managers, and how you deal with other vendors. Having multiple vendors in a particular market is super important as you never know when you may need to call your 3rd string plumber at 3am.
Last but not least, keeping up with market trends and keeping renovations simple keeps the risk significantly lower than a large rehab in an unfamiliar market.
What is one piece of advice you would give someone starting their real estate career?
Gain knowledge! Take Action! Go Network! Do these three things and do not let anyone or anything stop you.
What is one software you use for your business and recommend to others?
I enjoy using Stessa for my properties. It allows the user to automate a lot of activities. You can link your bank accounts, mortgage payments, and tenant payments for income and expense tracking purposes. This software also helps the investor track and maximize profits, create reports (especially for tax season), and organize all administrative matters.
What is your superpower in life?
I believe my super power is communicating and connecting with people. As a married man with two young boys plus working full-time, communicating with my property managers and boots on the ground are essential for success.
What is a failure you’ve had in life that set you up for eventual success?
I subscribed to multiple software programs and systems when trying to start wholesaling. The problem was that I was inconsistent and failed to learn how to advertise off-market deals. This mistake has engrained in me that utilizing mentors is beneficial and can raise your level of success tenfold while keeping precious dollars in your own pocket.
What is one book that has influenced your life the most? Why?
The book that gave me the push to move forward with Real Estate is “Money People Deal” by Stefan Aarnio. Stefan was a Real Estate Entrepreneur based out of Canada and his values and thought process resonated with me. The nuts and bolts, the processes, the mentality of life and investing in real estate were all discussed in this book, including his other publications, podcasts, and more.