#747: Insights with Lee Fjord on Property Management and Powerful Partnerships

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 27 May 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lee got his start in real estate in 2012 building a property management department of a residential brokerage from 20 doors to 220 doors in 4 years. After being inspired by his clients’ successes, he decided to start investing in 2016. Relocating to St. Louis in order to pursue investing in 2017, Lee began with a duplex and continued to purchase smaller properties until he found “The Power Of Partnerships” by partnering withan ex-NFL player from CA and with their combined efforts, were able to close a 38 unit apartment complex Joint Venture in Lee's backyard of St.Louis, MO in October of 2019. Fast forward to today and Lee has grown his portfolio to 1000 units with no end in sight!

Connect with Lee: greenforestcapital.com

Highlights:

5:51 - From Property Management to Big Deal (Lee's game plan)

10:51 - Lee's Training on Getting Owners to Commit

16:02 - Finding The Right Partners

26:08 - Why You Must Be Involved with Property Management

31:44 - All About Lee's Team/Organization

Quote: " You have to be on site, you have to have your fingers in the pie, you can't just leave it to the management company to execute..."

☑️ Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com

Self DirectedIRA Investment Opportunity–Click Here: https://www.advantaira.com/partners/s... To Learn More About How You CanInvest With Us Through Your SDIRA

Accredited Investors Click Here: https://sunrisecapitalinvestors.com/ to learn more about partnering with me and my team on Mobile Home Park deals!

Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park...and how to avoid them MobileHomeParkAcademy.com

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.0	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.6	This is the real estate investing for cash flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.3	Hey guys and gals, Kevin Bup here.
0:32.6	I've got some very exciting news I'd like to share with you before we jump into today's show.
0:36.8	Now, after closing on
0:37.7	Fund 4's first acquisition of a $50 million institutional grade mobile home park, we're adding a
0:43.4	second irreplaceable piece of real estate to the portfolio, and it's coming into the fund with over
0:48.5	$1.5 million of built-in equity for our investors day one. Now, when I say irreplaceable, I really do mean it.
0:55.0	I mean this is an affordable yet high-end waterfront mobile home park located in the Columbus
0:59.8	Ohio market.
1:01.4	Quite literally, every single mobile home on this property is right on the lake, each with
1:06.3	its very own personal boat dock, meaning a very high demand for affordable weekend getaway
1:10.7	options as well as year-round housing for working Americans. very own personal boat dock, meaning a very high demand for affordable weekend getaway options,
1:11.4	as well as year-round housing for working Americans. This is a true unicorn of a property,
1:16.7	and you will not see another one like this come around again. It really is one of a kind.
1:21.1	A few other aspects worth noting. This park is producing stable and predictable cash flow
1:26.2	day one. We're acquiring it with an excellent in-place Freddie McAlone at a 3.3% interest rate for the next eight and a half years.
1:35.4	This also includes a period of interest-only payments.
1:38.3	Again, the simple supply and demand dynamics here are enough to get excited about.
	...

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