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)

EP432 Navigating Foreclosures with DJ Olojo

EP432 Navigating Foreclosures with DJ Olojo

My guest today is an expert in foreclosures and will be sharing tips on how you can craft a foreclosure strategy when working with owners who find themselves in that distressing situation. DJ Olojo is...

8 Huhti 202433min

EP431 What Does Multifamily Success Look Like? With Gino Barbaro

EP431 What Does Multifamily Success Look Like? With Gino Barbaro

Many of you know my guest today from the incredibly popular Real Estate Podcast the "Jake & Gino Show". Gino Barbaro has over 2,000 multifamily units and $250 million in assets under management. He's ...

1 Huhti 202433min

EP430 Save Money on Your Real Estate Taxes with Cost Segregation and Energy Credits with Erik Oliver

EP430 Save Money on Your Real Estate Taxes with Cost Segregation and Energy Credits with Erik Oliver

As real estate investors, we are always looking for ways to save on our yearly IRS tax bill, and cost segregation is one of the most powerful methods available to us. Today we have Erik Oliver from Co...

25 Maalis 202434min

EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman

EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman

The Midwest REI Conference was a huge success and we were able to catch up with our friend Ramond Harris II. You may remember Ramond as the Detroit flipper, wholesaler and rehabber who shared his stor...

18 Maalis 202427min

EP428 Why You Should Consider Buying a Franchise with Lance Graulich

EP428 Why You Should Consider Buying a Franchise with Lance Graulich

Today we're going to talk about franchising. In simple terms, franchising is a business in which the owner licenses the operations, products, branding and knowledge in exchange for a franchise fee. Ma...

11 Maalis 202436min

EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder

EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder

Anyone who owns rental property can tell you that one of the systems you must pay attention to is your heating and air conditioning system—commonly referred to as your HVAC system. Today we talk with ...

4 Maalis 202433min

EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch

EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch

Today we're going to discuss the build-to-rent model. Build-to-rent, also known as BTR, is an emerging trend that has been gaining significant traction in recent years. It involves the construction of...

26 Helmi 202429min

RPOA Special Speaker Announcement – Ryan Kilpatrick

RPOA Special Speaker Announcement – Ryan Kilpatrick

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held TODAY and TOMORROW - February 22nd through 23rd - right here in Grand Rapids, Michigan ...

22 Helmi 20246min

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