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)

EP410 Real Estate Investment Trends Over 30 Years: Insights on Capital Access Changes with Jon Siegel

EP410 Real Estate Investment Trends Over 30 Years: Insights on Capital Access Changes with Jon Siegel

In today's challenging real estate landscape marked by inflation and rising interest rates, Jon Siegel, a seasoned expert with over $25 billion in multifamily transaction experience, shares his insigh...

6 Marras 202331min

My Property Insurance Just Tripled, What do I do? - Next Level Thursday

My Property Insurance Just Tripled, What do I do? - Next Level Thursday

I've heard horror stories from some of my investor friends in Texas who saw their property insurance costs go from $350 a door to $1,500 a door over the past year. That made me happy to be investing i...

2 Marras 202310min

EP409 How 1031 Exchanges Can Accelerate Your Real Estate Wealth with Dave Foster

EP409 How 1031 Exchanges Can Accelerate Your Real Estate Wealth with Dave Foster

The last time my guest was on the show he shared some mind-blowing 1031 exchange strategies that can help you shelter your real estate sale profits from the IRS. That was episode #237 if you want to c...

30 Loka 202333min

Spend the Night In A Haunted House - Next Level Thursday

Spend the Night In A Haunted House - Next Level Thursday

Spend the night with me in a haunted house! Welcome to part 2 of our Halloween series on haunted houses, apparitions, paranormal experiences, and the roommates who don't pay rent and can't be evicted....

26 Loka 202333min

EP408 The Top 3 Strategies to Increase Your Short-Term Rental Cash Flow with Luke Carl

EP408 The Top 3 Strategies to Increase Your Short-Term Rental Cash Flow with Luke Carl

If you're struggling with your short-term rental property and wondering how you can get more guests, better reviews, more cash, and become a better property manager, you'll definitely benefit from thi...

23 Loka 202329min

Haunted Houses, Paranormal Activity, and Incredible Ghost Stories - Next Level Thursday

Haunted Houses, Paranormal Activity, and Incredible Ghost Stories - Next Level Thursday

In continuation of our celebration of all things Halloween, it's time to bring back this incredible episode we recorded three years ago... Welcome to our special Halloween edition with hair-raising st...

19 Loka 202353min

EP407 From BMX Freestyler To Multimillion Dollar Entrepreneur With Ross Hamilton

EP407 From BMX Freestyler To Multimillion Dollar Entrepreneur With Ross Hamilton

My guest today left behind a promising career as a BMX freestyler to become a real estate investor. He built a portfolio of 50 residential properties prior to the great recession, and then pivoted to ...

16 Loka 202333min

When Your Rental Property is Haunted: Real-Life Ghost Stories - Next Level Thursday

When Your Rental Property is Haunted: Real-Life Ghost Stories - Next Level Thursday

This is one of my all-time favorite episodes, and since Halloween is coming up I wanted to scare our listeners one more time. Get ready to get scared by this special Halloween episode with real ghost ...

12 Loka 202326min

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