🔥On this episode of the Real Estate Hustlers Podcast, we will be talking with Lee. In 2012 Lee started out in property management building the company up to 220 doors by 2016. In 2017, Lee began investing with a duplex and continued to purchase smaller properties until he found “The Power Of Partnerships” 18 months later. After seeing the results of partnerships and garnering experience in larger properties, Lee continued to build momentum in investing/dealmaking while building a ROCKSTAR TEAM to pursue EVEN LARGER DEALS through syndication. That team closed a 38 unit in 2019 (sold in 2022 for almost 2x purchase price), a 76 Unit Apartment Complex in October of 2020 (right in the middle of COVID), then a JV 70 Unit in August of 2021, a 7 unit in November 2021, a 272 unit 506C syndication on December 30, 2021, a 138 unit 506b in October of 2022 and a 128 unit 506c in June of 2023 for a total of 700+ doors (after selling the 38 unit for almost 2x the purchase price). Lee is actively building a sizable portfolio of LARGER MULTIFAMILY PROPERTIES throughout the Midwest and Southeast, focusing on Value-Add Opportunities with the development of Green Forest Capital - with a mission to provide value to everyone we work with. Lee has almost a decade of experience as a Property Manager, Realtor, Commercial Leasing Agent, Asset Manager, and Commercial Property Broker. A true believer and practitioner of the words of Zig Ziglar - “You can have everything in life you want if you will just help other people get what they want.”

What actionable value will you provide to our listeners?

Insight from a deal maker

How did you get your start?

Where are you taking your business in the future?

What opportunities or issues do you see coming in the marketplace?

What markets are you investing in now?

Key Takeaways:

Building a strong team and finding the right partners is crucial for scaling a property venture.

Self-managing larger properties allows for greater control and cost savings.

Investing in the maintenance staff and creating a five-star experience for residents is essential.

Sellers who see future opportunities or are forced to sell are more likely to negotiate.

Joining the right networking groups and taking advantage of educational resources can accelerate success in real estate investing.

Connect with Lee:

LinkedIn: lee-fjord

Facebook: lee.fjord

Instagram: lee.fjord

Email: Lee@greenforestcapital.com

Connect with Josh:

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From Commercial Broker to Full-Time Syndicator with Lee Fjord | Episode 44

Real Estate Hustlers with Josh Appelman