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)

EP448 Why Real Estate Development is the Next Big Thing in Real Estate Investing with Darcy Marler

EP448 Why Real Estate Development is the Next Big Thing in Real Estate Investing with Darcy Marler

Today we're going to talk about real estate development and how you might benefit from this strategy. Darcy Marler is the author of "Land Development as a Profitable Investment" and he's here today to...

29 Heinä 202430min

EP447 Boost Your ROI: Submetering Your Rentals with Kelly Koontz

EP447 Boost Your ROI: Submetering Your Rentals with Kelly Koontz

One of the biggest expenses in owning rental property is the cost of utilities—electric, gas, water, sewer and trash. The better we understand these costs and how to control them, the greater our prof...

22 Heinä 202431min

EP446 A Simple Roadmap to Purchasing Investment Properties with Steven Andrews

EP446 A Simple Roadmap to Purchasing Investment Properties with Steven Andrews

My guest today was $75,000 in debt when he first used his credit card to purchase his first rental property. Today, he owns and manages hundreds of properties through his virtual management company. S...

15 Heinä 202430min

EP445 He Made $100,000 in High School by Wholesaling with Brock Holliman

EP445 He Made $100,000 in High School by Wholesaling with Brock Holliman

My guest today got his start in real estate as a high school student attending foreclosure auctions at the courthouse steps in Memphis, TN. Since then, he's completed over 1,000 real estate transactio...

8 Heinä 202430min

EP444 Investing in Mobile Home Communities with Sam Hales

EP444 Investing in Mobile Home Communities with Sam Hales

My guest today believes that mobile home communities are a vital part of the solution to today's housing affordability crisis. Sam Hales is the Founder of Saratoga Group, which has over $300 million i...

1 Heinä 202430min

EP443 Double-Digit Returns Through Tax Lien Investing with Angela Duncan

EP443 Double-Digit Returns Through Tax Lien Investing with Angela Duncan

My guest today has figured out a way to generate double-digit returns through tax lien investing. She's also had a lot of success with short-term notes and will be sharing her secrets with us today. A...

24 Kesä 202428min

EP442 Megatrends in Real Estate Investing with Kurt Carlton

EP442 Megatrends in Real Estate Investing with Kurt Carlton

Today we're going to talk about some of the major trends that will affect real estate investing over the next decade. We all know there's a housing shortage in the U.S., but how does this offer local ...

17 Kesä 202435min

EP441 Financial Freedom by Spending Just One Hour a Day on Real Estate with Sharad Mehta

EP441 Financial Freedom by Spending Just One Hour a Day on Real Estate with Sharad Mehta

My guest today is a real estate investor with over 700 closed deals under his belt. He primarily invests in single-family homes, and his superpower is being able to manage his entire real estate busin...

10 Kesä 202425min

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