MNS - Daniel Krueger

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 17 December 2019

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to the Movers and Shakers Podcast. This week’s guest is Daniel Krueger. Dan graduated from the University of St. Thomas, in St. Paul Minnesota with a degree in Financial Management. Before beginning his career as a real estate investment professional, he spent 5 years working in corporate finance where he managed the operating expenses for multinational fortune 500 companies. In January of 2018 Dan closed on his first property, a small 6-unit apartment building in St Paul Minnesota for $475,000. The business plan was simple, fix up the units, improve the tenant base, and increase rents to the market rate. Nine months after the acquisition, Dan refinanced the property at a value of $600,000. He used the refi proceeds to get into his next deal, an 8-unit building about 3 minutes away from the first property. Dan currently has a portfolio of 34 units made up of 4 properties all in the same neighborhood. Dan currently is working on closing his first syndication deal, a 32-Unit property in St. Paul Minnesota. Dan is building a vertically integrated business with property management in-house as well as in-house maintenance and construction. From here on out, Dan plans to focus on the syndication business to keep scaling up, as well as developing strategic partnerships to accelerate growth.

Transcript

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0:00.0	This is Movers and Shakers, where we interview the upcoming generation of Make It Happen
0:06.4	Multifamily Investors to share their story.
0:11.3	Welcome to the Movers and Shakers podcast.
0:14.0	My name is Gino Barrow.
0:15.3	I'm co-founder, Jake and Gino, multifamily investor, educator, father, mentor, and I'm joined by my co-host, my Brosef, Josh Ruzon,
0:23.8	the community director of Jake and Gino. How you doing today?
0:27.5	Gino, doing well. A lot of big things going on and making it happen. Super excited that we grow
0:34.0	the community and keep taking massive action, providing massive value.
0:38.6	What about you?
0:39.7	I see we're matching again today, same black shirts on and looking good.
0:43.1	We've got a great guest on today.
0:44.9	The community keeps growing.
0:46.1	They keep closing deals.
0:47.4	And it's just a lot of fun doing these podcasts because I love sharing these stories with students
0:51.4	who are just out there making it happen.
0:53.2	There's no deals.
0:55.0	There's no time. Well, we have students on it every out there making it happen. There's no deals. There's no time.
0:59.7	Well, we have students on it every week for making it happen because they know they're big why.
1:05.8	Love that. Speaking of today's guest, we got Dan Kruger. A little bit about Dan. He graduated from the University of St. Thomas in St. Paul, Minnesota, with a degree in financial management.
1:10.3	Before beginning his
1:11.3	career as a real estate investment professional, he spent five years working in corporate finance
1:16.1	where he managed the operating expenses for multinational Fortune 500 companies. In January of
	...

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