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.
What does it mean to build Legacy Wealth in real estate investing? Many of us are doing deals, making our offers, rehabbing and flipping our properties, and trying to make a profit. But when we look beyond our day-to-day workflow, what do we see ahead of us? Are we actually building Legacy Wealth that will allow us to retire with passive cashflow and support our families when we’re gone?
We’re going to discuss that topic today with Joe Bell. He’s an expert at helping Real Estate Professionals build legacy retirement and wealth, and he’s the author of “Asset Acquisitions & Abundance: A Guide To Building True Wealth & Legacy Through Real Estate”
Joe has been named in the “Top 40 Under 40” in Alaska, and has been featured in places such as ABC, NBC, Digital Journal, Investor Place, and more.
Today, Joe is going to describe the challenges he faces investing in properties near Anchorage, Alaska, how he’s using the BRRRR method to build cashflow, and the benchmarks he’s set for himself to build Legacy wealth.
There’s a lot of great information packed into this episode. You can contact Joe through his website: http://www.legacybeyondlistings.com
Real Estate Investing can present many challenges that both new and seasoned investors find difficult to overcome. If you’re investing out-of-state, it might be difficult to get a broker price opinion, title search, or secure a property that has gone vacant.
In my own business, we quite often need someone to mow the lawn on an REO, or help us create a Dodd Frank compliant mortgage. More often than not, we find ourselves needing to ‘cure’ a title defect on a non-performing note.
These are all complicated tasks that are either time-consuming or outside our area of expertise. That’s why it’s so important to have a ‘guy’ who can handle it.
Dickie Baldwin is that guy, and through his company, Baldwin Advisory Group, he helps investors all over the country with many types of legal, property, title, and financing challenges. Dickie has over 35 years of Real Estate experience as a Realtor, Loan Originator and Mortgage Professional. He’s solved many problems for investors, and he’s here to share some of those stories with us.
Dickie will be discussing the importance of due diligence, why you need a reputable broker to create your BPO (Broker Price Opinion), why a Title Search is always a good idea, and many of the other considerations investors must make while investing across state borders.
https://baldwinadvisorygroup.com
dbaldwin@baldwinadvisorygroup.com
When it comes to successful real estate investing, having access to reliable and accurate data can have a huge impact on your profit potential. Technology has brought us to a point where there’s an abundance of data available, you just have to know where to find it and how to use it properly. Today’s guest is levelling the playing field by helping small businesses and investors get access to the same data and public records that are coveted by larger firms.
Sean O’Toole flipped over 150 properties in Silicon Valley before he strategically exited the market in 2006 to focus on real estate technology. He founded ForeclosureRadar in 2007, and in 2013 he pivoted away from foreclosures to general real estate with the launch of PropertyRadar.
Today, Sean is going to help us understand how data should drive our decisions, what we should look for when applying data to our due diligence, and why having access to the right data can create a consistent pipeline of opportunities and be a game changer. We’re also going to discuss ‘Information Arbitrage’ and how understanding that concept has helped Sean profit from deals other investors have avoided.
Sean is sharing a glimpse into a world that most investors spend little time understanding or researching. But those who do take the time can develop x-ray vision into opportunities that might scare away other investors.
Sean is sharing a glimpse into a world that most investors spend little time understanding or researching. But those who do take the time can develop x-ray vision into opportunities that might scare away other investors. You’ll definitely benefit from Sean’s examples and stories. You can find out more about Sean by going to www.propertyradar.com