Listen "One Market, One Asset Class: A Strategic, Data-Focused Approach to Scaling as a Multifamily Operator | Jay Balekar"
Episode Synopsis
In this episode, we start at the common pain point: juggling a W-2, rising rates, and the fear of getting the first deal wrong. Jay Balekar shares how he cut the noise, chose one market and one asset class, and used data to build steady cash flow that serves family and future. You’ll hear the systems he uses to recycle capital, choose partners, and keep distributions real in any rate cycle.👤 Guest BioJaideep “Jay” Balekar is a Cincinnati-based multifamily investor and managing partner at Prosper Capital. Originally from India, he studied at Texas A&M and the University of Cincinnati, then spent years in Deloitte cybersecurity consulting before acquiring apartments, including a personal portfolio of ~40 units, a 63-unit JV, and a first 36-unit syndication in 2022. He believes focused, data-driven multifamily can change lives for first-gen wealth builders by creating durable cash flow and real ownership.🔑 Key Insights💡 Start small, learn fast, then scale with intention.💡 Use your own capital first to earn trust before taking LP money.💡 Avoid fragile debt and protect sleep at night.💡 Focus on A/B+ areas and lighter turns for steadier cash flow.💡 Hold longer so operations and cash flow can compound.💡 Pass on thin deals that can’t support real distributions.💡 Ask operators what data drives their underwriting and assumptions.💡 Network on purpose to meet partners and expand capacity.⏱️ Timestamps00:00 — Welcome to The Immi-Wealth Builder Podcast00:47 — From India to Cincinnati01:55 — Money mindset & education04:12 — First steps into multifamily09:22 — Why multifamily wins on risk & reward11:35 — From W-2 to focused operator17:18 — Business vs. Multifamily22:59 — How to pick the right operator for passive RE syndications28:49 — Jay’s 2025 Multifamily Thesis34:13 — The one question he wishes every LP would ask🤝 Connect With Our GuestJaideep “Jay” BalekarWebsite: https://prospercapitalco.comLinkedIn: https://www.linkedin.com/in/jaideepbalekarFacebook: https://www.facebook.com/jaideep.balekarInstagram: https://www.instagram.com/jaideep.balekar📚 ResourcesMarket Changes and Investment Strategy: https://youtu.be/6CMau2jpHVM– Jay breaks down how he evaluates debt, interest rates, and market cycles in today’s environment.New 506c Offering for 70+ Units in Cincinnati: https://youtu.be/p7B2x9Wb-LY– Prosper Capital’s most recent multifamily opportunity (Accredited Investors Only).💛 Charity SpotlightMatthew 25 Ministries: https://m25m.org– International humanitarian aid & disaster relief👋 Connect With MeGiang NguyenMultifamily InvestorCommercial Mortgage BrokerFounder – One River CapitalWebsite: https://onerivercapital.comInstagram: https://instagram.com/thatsalsainvestorLinkedIn: https://linkedin.com/thatsalsainvestorFacebook: https://facebook.com/thatsalsainvestorFREE Discovery Call: https://links.onerivercapital.com/lets-connectFREE Guide: https://links.onerivercapital.com/multifamily-syndication-guide⭐ Enjoyed this episode?💬 Send it to a friend🌟 Leave a review✅ Subscribe for more immigrant stories & wealth strategies
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.