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(591)

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 ...

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

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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 ...

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EP406 How to SCALE Your BRRRR Strategy with Niti Jamdar

EP406 How to SCALE Your BRRRR Strategy with Niti Jamdar

The BRRRR method is one of the most tried and true real estate investing plays. BRRRR stands for Buy, Rehab, Rent, Refinance, and Repeat, and this strategy has helped countless investors build their r...

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How to Make New Construction Pencil Out - Next Level Thursday

How to Make New Construction Pencil Out - Next Level Thursday

In today's economy, its very difficult to make new ground-up construction projects pencil out. With higher interest rates, labor and material costs, and a decrease in construction financing options, w...

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EP405 How to Invest in Discounted, Distressed Commercial Real Estate with Dr. Adam Gower

EP405 How to Invest in Discounted, Distressed Commercial Real Estate with Dr. Adam Gower

There's trouble on the horizon for commercial real estate. Some of that trouble is coming from the office sector, some of it is because of higher insurance costs, and some of it is a result of interes...

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Should We Hire the Seller as Our Property Manager? - Next Level Thursday

Should We Hire the Seller as Our Property Manager? - Next Level Thursday

In 2021, Charlie Kao and I were considering buying an off-market self-storage facility in northern Michigan. All of the numbers looked great, but the one sticking point was that the seller wanted to s...

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EP404 Profiting from Accessory Dwelling Units (ADUs) with Shawn DiMartile

EP404 Profiting from Accessory Dwelling Units (ADUs) with Shawn DiMartile

Recently, the city of San Diego, California implemented a new program to help increase housing stock and affordability. They created a bonus accessory dwelling unit, or ADU, program that allows invest...

25 Syys 202332min

Print, Sign and Scan? Never Again! - Next Level Thursday

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When it comes to signing documents, how much time have you wasted printing, signing, and then scanning the document back into your computer? On today's episode of Next Level Thursday, Brian shares one...

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