We caught up with the brilliant and insightful Jacopo Iasiello a few weeks ago and have shared our conversation below.
Alright, Jacopo thanks for taking the time to share your stories and insights with us today. Let’s start big picture – what are some of biggest trends you are seeing in your industry?
One of the most prominent trends I’ve observed in the commercial /residential real estate industry is the increasing impact of fear and uncertainty on market dynamics. This phenomenon is reminiscent of the concept that money is often created when fear and uncertainty arrive in the market. Currently, this trend is unfolding in the real estate sector, and it presents both concerns and opportunities.
To illustrate this trend, let me share a story that exemplifies its emergence. In mid-2022, values in the commercial property sector, encompassing office spaces, retail outlets, hotels, industrial facilities, and apartment buildings, started to decline significantly. The most substantial decline occurred in the apartment sector, with values plummeting by 12.5% year-on-year. This decline was attributed to rising expenses and decreasing rents, exacerbated by the Federal Reserve’s enforcement of a massive interest rate hike, led by Jerome Powell.
Retail strip centers and office buildings also saw substantial drops in value, with declines of 7.4% and 8.9%, respectively. In contrast, the industrial sector performed relatively better, with prices only down by 2.3%. These declines are likely the initial signs of a series of drops expected to occur over the next few years as the recession deepens and the debt crisis intensifies.
One of the key concerns associated with this trend is the impending “Wall of Debt” amounting to $1.5 trillion over the next three years. Data from MSCI reveals that $390 billion in commercial debt is maturing in 2023, followed by $495 billion in 2024 and $465 billion in 2025. These substantial figures are poised to impact US credit markets significantly, particularly affecting banks that hold a significant portion of this expiring debt. Notably, small and regional banks are particularly vulnerable, with 37% of their customer deposits tied up in commercial real estate loans. In contrast, commercial loans make up only 8% of deposits at larger banks.This trend underscores the delicate balance between fear-driven market fluctuations and the inherent risks within the real estate sector. While the declining property values pose concerns for investors and financial institutions, they also present unique opportunities for astute investors and those who can adapt to the changing economic landscape Indeed, Ray Dalio, Manny Khoshbin, Grant Cardone, Jeff Bezos, and Elon Musk have been consistently vocal about their views on an impending economic crisis, Their insights highlight the significance of being proactive and well-prepared in this scenario, as it presents immense opportunities for those who are informed and equipped to navigate the evolving landscape effectively
As always, we appreciate you sharing your insights and we’ve got a few more questions for you, but before we get to all of that can you take a minute to introduce yourself and give our readers some of your back background and context?
Thank you for the question, as it reminds me of my journey filled with highs and lows, all of which began with two powerful emotions in my beloved city of Naples:
The Desire for More: The anger of yearning for a better life, to give and achieve more.
The Power of Imagination: The dream of creating successful businesses and abundance.
I am profoundly thankful to the universe for the opportunity to define my external success in Real Estate as an investor and broker at my company, Miami Italy International Brokers Realty. Additionally, I’ve embarked on a new venture, Luxury Wealth Group, specializing in luxury real estate in America, Dubai, and Italy.
This transformation has been a result of deep inner work, guided by my own methodology, M.P.B.E, which I’ve not only personally experienced but also scientifically validated through university studies. M.P.B.E stands for:
Meditation (M): A practice that fosters inner peace and clarity.
Prayer (P): A spiritual connection that aligns us with our goals.
Biohacking (B): Strategies to optimize physical and mental health.
Exercise (E): Physical activity that invigorates body and mind.
Implementing the M.P.B.E methodology has not only changed me as a human being but also enhanced my abilities as an investor, broker, and entrepreneur. I felt compelled by a sense of duty and moral obligation to share this radiant methodology with as many people as possible. This method has deep roots in history, having been used by some of the most accomplished individuals who credit it for their success.
To further extend this knowledge, I’ve written a book titled “Healthy, Rich, and Happy,” which will soon be available on Amazon and through www.Healthyrichandhappy.com. In this book, I share unique techniques and practices that can guide individuals on their journey to becoming healthy, wealthy, and happy. I believe this book has the power to transform lives, and I am honored to contribute a portion of the proceeds to associations that support children and the elderly.
In addition to my personal journey and the M.P.B.E methodology, I’ve also been fortunate to learn valuable lessons from some of the most successful individuals in the world. Through my professional and personal networks, I’ve had the privilege of connecting with visionaries, entrepreneurs, and thought leaders who have graciously shared their wisdom and experiences.
These interactions have reinforced my belief in the power of mentorship and the importance of surrounding oneself with those who inspire and uplift. I’ve come to understand that success is not just about financial prosperity but also about personal growth, positive impact, and the legacy we leave behind.
As I continue on my path of personal and professional development, I am committed to paying it forward. I actively engage in mentoring and coaching aspiring individuals who are eager to embark on their own journeys toward health, wealth, and happiness. I firmly believe that by empowering others with the knowledge and tools they need, we can create a ripple effect of positive change in the world.
My mission is not just about achieving success for myself, but about helping others unlock their full potential and live fulfilling lives. I am excited about the future and the opportunity to make a meaningful difference in the lives of many.
My journey as an entrepreneur began with the creation of a chain of franchising stores in Italy. Later, I ventured into the real estate sector, initially in Italy and then in 2010, I made the move to Florida to seize opportunities in a declining real estate market. I was born in the enchanting city of Naples, Italy, where my entire family still resides.
My life has been marked by numerous challenges, from launching my first business in Italy to relocating continents. Throughout it all, I held an unwavering belief that with commitment, sacrifice, love, and dedication, I could achieve my goals. Today, I find immense joy in pursuing four distinct objectives:
Sharing Knowledge: My book, “Healthy Rich and Happy,” is my vehicle to spread wisdom and assist as many people as possible on their journeys to health, wealth, and happiness.
Investing in Real Estate and Crypto: I aspire to establish a substantial investment fund spanning both real estate and cryptocurrency, creating wealth and opportunities for the future.
Uniting Realtors: I am dedicated to building the largest chain of brokers, fostering collaboration to create added value for all involved.
Philanthropic Endeavors: My vision extends to becoming a philanthropic investor and broker, contributing to the community by building a school that unites aspiring youth and experienced seniors while spreading love, abundance, and joy to my family, friends, and the world.
My role as an investor and broker is not just a profession; it is a deep passion and a true calling. I view myself first as a compassionate human being before a professional. Witnessing the dreams of others, as well as my own, materialize brings me immense satisfaction. I believe that the more prosperity I generate for myself and others, the more I can genuinely give back to the communities I am part of—Miami and my hometown, Naples, Italy.
In my journey, I’ve implemented a distinctive approach that sets me apart from the competition. Over the years, this approach has yielded tangible results, with millions of dollars in properties sold and bought. While I delve into the details in my upcoming book, “Healthy Rich and Happy,” here are some key aspects:
Immediate Cash Offers: My network of active investors allows for immediate cash offers on individual properties or buildings.
Market Expertise: I possess a comprehensive understanding of the local and national real estate markets, backed by daily research conducted from 5 am to 8 am.
Networking Power: I organize open houses for homes within my network of top brokers and millionaires.
Investment Opportunities: I offer opportunities to participate in real estate transactions and real estate funds.
Philanthropic Commitment: 10% of my commissions go to associations aiding elderly individuals in need.
Innovative Marketing: I utilize virtual home staging, 3D tours, dedicated web pages for properties, and comprehensive location information.
Global Promotion: I employ various marketing strategies, including tag marketing, mail marketing, trigger marketing, and promotions through national and international newspapers, luxury publications, international auction houses, and broker networks from other countries.
These elements, when combined, ensure successful outcomes, augmented by vigilant monitoring of market dynamics.
How’d you build such a strong reputation within your market?
What factors do you believe contributed to the development of your reputation in your industry?
Building a reputation within my market was a result of unwavering commitment, honed entrepreneurial experience from creating multimillion-dollar businesses in Italy, and a determined mindset. Although the challenges of adapting to a new language and culture were daunting upon arriving in America, it became a process of personal growth and transformation. Establishing myself as a respected Investor/Broker and successful entrepreneur followed a universal formula:
Cultivating strong professional relationships with industry leaders.
Adopting a giving-first approach, both in terms of time and resources.
Honoring trade agreements and maintaining ethical business practices.
Developing a well-defined and effective marketing strategy.
Immersing myself in market research and continuous learning.
Today, I find fulfillment in executing significant real estate transactions, serving clients and friends who are prominent multimillionaires and billionaires, and contributing value to my team. This led to the creation of http://luxurywealthgroup.com, specializing in luxury properties across America, Italy, and Dubai. Our mission is to facilitate seamless sales processes for clients and enable real estate agents to secure luxury property mandates, ultimately transforming them into successful real estate investors. We’re dedicated to providing a path to financial freedom.
Are there any books, videos or other content that you feel have meaningfully impacted your thinking?
Beautiful question Thanks to ask
Certainly, several resources have had a profound impact on shaping my management and entrepreneurial thinking and philosophy. Here are some key ones:
“Rich Dad Poor Dad” by Robert Kiyosaki: This book provided me with valuable insights into financial literacy and the importance of making informed investment decisions.
“Unlimited Power” by Tony Robbins: Tony Robbins’ work has been instrumental in understanding the power of the mind and the role of mindset in achieving success.
“Miracle Morning” by Hal Elrod: Hal Elrod’s book introduced me to the concept of optimizing my mornings for productivity and personal growth, which has had a positive influence on my daily routine.
“The 10X Rule” by Grant Cardone: Grant Cardone’s book encouraged me to set ambitious goals and take massive action, a mindset that’s crucial in the world of entrepreneurship.
I wholeheartedly agree with the belief that mindset is the most critical asset one can possess. It’s a resilient and adaptable mindset that allows us to navigate challenges and rebuild even when other aspects of our lives are disrupted. This realization became especially clear during my in-depth study of successful entrepreneurs and billionaires while working on my thesis titled “Successful Entrepreneurs.”
As a result of this extensive research, combined with years of study, research, and personal development courses, I felt compelled to share my own insights and experiences. This led to the creation of my forthcoming book, “Healthy Rich and Happy,” which I believe will contribute significantly to helping individuals build their economic empires and lead fulfilling lives. I look forward to sharing this valuable resource with the world through NIL MONDOI (www.healthyrichandhappy.com).
Contact Info:
- Website: https://www.jacopoiasiello.com. http://www.luxurywealthgroup.com
- Instagram: https://www.instagram.com/jacopoiasielloofficial/
- Facebook: https://www.facebook.com/jacopoiasiellorealestate
- Linkedin: https://www.linkedin.com/in/jacopo-iasiello-50936244/
- Twitter: https://twitter.com/JacopoIasiello
- Youtube: https://www.youtube.com/channel/UCaYchGjxGXL-esoflEizEHg
- Other: https://www.hauteresidence.com/member/jacopo-iasiello/ https://www.hauteresidence.com/jacopo-iasiello-an-exclusive-residence-in-dominican-republic/ https://finance.yahoo.com/news/florida-moneymakers-miami-italy-int-154500190.html?fr=sycsrp_catchall
Image Credits
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