EP265 His First Syndication and How He Went From a Duplex to a 76-Unit Apartment Complex with Lee Fjord

EP265 His First Syndication and How He Went From a Duplex to a 76-Unit Apartment Complex with Lee Fjord

My guest today just completed his first syndication on a 76-unit apartment complex in St. Louis, Missouri, right in the midst of the Covid pandemic.

Lee Fjord got his start in property management and began investing for himself in 2016. Through the Power of Partnerships he's done a series of joint ventures and has built his portfolio up to 124 doors. Today he's going to share the up's and down's of his investing trajectory.

Lee has a decades-worth of experience as a Property Manager, Commercial Leasing Agent, Asset Manager, and Commercial Property Broker. In today's conversation Lee shares the mistakes he made on rehabbing his first duplex, why you should never accept the lowest bid from a contractor, how he partnered with an ex-NFL player to acquire 37 units, and the reasons he ended up syndicating his 76-unit apartment complex.

I know you're going to benefit greatly from listening to Lee's story. He very methodically built a portfolio that's positioned to expand rapidly. You can find out more about Lee or contact him by going to:

https://www.greenforestcapital.com

or facebook or Instagram @lee.fjord

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

Jaksot(589)

EP456 The New Era in Multifamily Investing with Travis Watts

EP456 The New Era in Multifamily Investing with Travis Watts

My guest today has been involved with over 50 investments as a limited partner and he's going to share his perspective on the monumental changes occurring in multifamily and apartment investing. We'll...

23 Syys 202433min

EP455 Expert Insight into Commercial Real Estate Asset Classes with Bill Himmelstein

EP455 Expert Insight into Commercial Real Estate Asset Classes with Bill Himmelstein

My guest today has been a commercial broker for over 23 years, representing businesses as they lease, buy, and sell office, industrial, medical, cannabis and retail space. He's also part of a team de...

16 Syys 202432min

EP454 Don't Let Squatters Steal Your House with George McCleary

EP454 Don't Let Squatters Steal Your House with George McCleary

My guest today is an expert on squatters and how to prevent, detect, and eject them. You may have seen his viral video "I Stole a House" which details how squatters exploit the system for illicit fina...

9 Syys 202433min

EP453 How to Build a $300 Million Apartment Portfolio with the Kitti Sisters

EP453 How to Build a $300 Million Apartment Portfolio with the Kitti Sisters

My guests today started with $2,000 in their bank account and turned that into a $300 million multifamily apartment portfolio. Palmy and Nancy Kitti are here today to delve into the behind-the-scenes ...

2 Syys 202433min

EP452 Real Estate Tax Strategies You've Never Heard Before with Shauna The Tax Goddess

EP452 Real Estate Tax Strategies You've Never Heard Before with Shauna The Tax Goddess

It always amazes me how many real estate investors are still doing their own year-end taxes, or they're working with a tax preparer who doesn't specialize in real estate. While hiring an expert to do ...

26 Elo 202436min

EP451 Building Lender Relationships with Bobby Fisher

EP451 Building Lender Relationships with Bobby Fisher

As a real estate investor you may have noticed that it has gotten a lot more difficult to acquire financing for your projects. That's why it's so important to build your lender relationships. Often, i...

19 Elo 202438min

EP450 Scaling Your Investment Strategies with Apartments

EP450 Scaling Your Investment Strategies with Apartments

This apartment investing panel discussion was recorded live at the 2024 Midwest Real Estate Investor Conference sponsored by the RPOA. Thanks for joining us today on this apartment investing panel dis...

12 Elo 202453min

EP449 Why He's Doubling Down on Buying Office Buildings with Scott Sherman

EP449 Why He's Doubling Down on Buying Office Buildings with Scott Sherman

There seems to be a lot of fear in the commercial real estate world about the amount of distress in commercial office buildings. In San Francisco, a Market Street tower that was purchased for $62 mill...

5 Elo 202429min

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