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Business

July 14, 2025

Don't Wait for Perfection: Joseph Lee’s Philosophy of Action

Joseph Lee is building a unique business ecosystem that spans law, real estate investing, and entrepreneurship. Beginning his career as a lawyer, Lee transitioned into the multifamily real estate market in New York, focusing on syndicated deals that deliver steady cash flow and long-term wealth. Beyond real estate, he operates a bakery café and a pilates studio, managing these ventures with a strategic, team-oriented mindset. At the core of his approach is a philosophy emphasizing balance across health, wealth, and relationships to create a life of intentional freedom.

Bridging Law and Real Estate Investing

Lee finds strong parallels between his legal background and real estate investing. “Problem-solving, risk management, and negotiation are common threads,” he explains. His experience as a lawyer instilled a cautious, structured approach—careful contract review and legal risk management—that translated well to investment diligence. However, he notes a key difference: “While lawyers seek to minimize risk, investors must embrace calculated risks. Balancing these perspectives helps me seize opportunities without reckless exposure.”

Early Investments and Strategic Focus

After reflecting on his career and reading Rich Dad Poor Dad, Lee realized he wanted financial freedom and more control over his lifestyle. His first investment was a 44-unit multifamily apartment complex acquired through syndication, which confirmed real estate as a tool for designing life, not just accumulating wealth. Today, his investment strategy focuses on:

  1. Targeting 20- to 100-unit multifamily properties for reliable cash flow.
  2. Upgrading units and optimizing rents to increase asset value.
  3. Using cash-out refinancing to recycle capital for portfolio growth.
  4. Combining real estate investments with small business ventures to diversify wealth.

His long-term vision is to establish a family office that sustains wealth across generations.

Lessons from Entrepreneurship

Operating a bakery café and pilates studio introduced Lee to the challenge of shifting from individual contribution to team management. “In law, success depends on you. In business, it depends on the team and systems,” he says. His wife manages the pilates studio, and a partner runs the café, allowing him to focus on strategy and investments. Key lessons include:

  • Building a trustworthy, competent team.
  • Making data-driven decisions over intuition.
  • Executing quickly and refining based on real-world feedback.
  • Embracing imperfection by acting promptly and adapting.

Broadcasting a Growth Mindset

Lee is developing a broadcast project under the theme “Want to grow with me?” He aims to share not only successes but also failures and learnings in real estate, legal matters, business strategy, and lifestyle. Collaborating with media professionals, he plans to create authentic content that invites others to join his growth journey.

Thriving in New York’s Competitive Market

In the fast-paced New York market, Lee stresses the importance of rapid execution and flexible adaptation. “Ideas mean little without action,” he says. Building mutually beneficial relationships through clear communication and long-term trust is crucial in this environment.

Overcoming Challenges and Failures

Lee recounts a major setback with a property management company that overcharged and mixed personal expenses with business costs. After confronting the issue and replacing them, he also parted ways with a business partner due to diverging investment goals. These experiences taught him the importance of:

  • Setting clear expectations upfront.
  • Engaging in difficult but necessary conversations.
  • Recognizing when to end partnerships for long-term benefit.

He advises young entrepreneurs to build trust but always safeguard relationships with contracts and verification.

Philosophy and Life Vision

Summing up his identity, Lee states: “I design my own lifestyle while seeking growth and freedom, and I want to positively impact others.” Success, for him, means balancing health, wealth, and relationships, and living proactively rather than reactively. He strives to improve by 1% daily, share value, and empower others to live life on their terms.

Final Thoughts for The M Readers

Lee’s message is one of continual growth and imperfect action. “The path is never smooth, but the journey brings growth. Don’t wait for perfect—start now. Each step opens a new door. Keep learning and keep moving. You are capable of designing the life you want.”

Joseph Lee exemplifies how diverse skills and ventures can align through intentionality, courage to act, and a focus on progress over perfection.