Anders Jacobson, a seasoned real estate investor, shares his incredible journey and success in the world of multifamily real estate. In a recent interview on Closer Club 12, Anders discussed his path to success, highlighting his transition from a sales career to becoming a thriving multifamily investor.
Joining Jake and Gino: The Turning Point
Anders’ journey began when he joined Jake and Gino, a real estate education platform, which was a pivotal moment in his life. Before diving into multifamily investing, Anders had a successful career in sales, primarily selling solar panels to residential clients. Despite his success, he felt the need for a change and realized that he wanted to create passive income and financial freedom for himself.
The First Painful Deal in Chicago
Anders took his first steps into real estate investing in 2017, initially investing as a limited partner (LP) to generate passive income. As he gained experience, he ventured into purchasing several properties, including a four-unit building in Chicago. However, this particular investment turned out to be a nightmare, plagued with numerous challenges. Despite the difficulties, he managed to turn a profit due to acquiring the property at an excellent price. This challenging experience served as a crucial turning point in Anders’ investment philosophy.
From Small Deals to Multifamily Syndications
Anders realized that dealing with smaller properties came with its share of headaches. He yearned for larger assets with more units, less management hassle, and greater economies of scale. This realization led him to explore multifamily syndications, a strategy where investors pool their resources to acquire larger multifamily properties.
Syndication and the Power of Collaboration
One of the key strategies that accredited investors like Anders are leveraging is syndication. By joining forces with others, accredited investors can enjoy the benefits of diversification, professional management, and access to lucrative deals that might otherwise be out of reach for individual investors.
The Value-Add Approach
Another groundbreaking approach Anders adopted is the value-add strategy. Accredited investors identify underperforming multifamily properties with the potential for improvement. Through strategic renovations, operational enhancements, or repositioning, they can increase property value and generate higher returns.
Market Timing and Growth Potential
Accredited investors like Anders are also capitalizing on market timing. They carefully analyze market trends, economic indicators, and demographic shifts to identify emerging multifamily markets with high growth potential. This enables them to maximize their returns and seize lucrative opportunities.
Anders’ Success: A Multifamily Investor
Anders’ journey with Jake and Gino has been transformative. He has taken ownership of over 2,500 doors, primarily focusing on properties in the Southeastern United States. His investment portfolio includes substantial multifamily assets, demonstrating the significant strides he has made since joining the group.
Closing Deals: A 176-Unit Property in Savannah
Anders provided insights into one of his recent successful deals—a 176-unit property in Savannah, Georgia. This asset was strategically chosen due to its location in one of Georgia’s fastest-growing cities, with the Hyundai EV plant project promising thousands of jobs. The property was acquired at a favorable price, with existing rents below market rates, providing immediate cash flow potential. The deal was structured with nine years of interest-only financing at 4.6%, a remarkable achievement in the current market.
Looking to the Future
Anders continues to focus on building his multifamily real estate portfolio and helping other sales professionals and entrepreneurs achieve financial freedom through real estate investments. His journey from a sales career to a multifamily real estate investor serves as an inspiring example of what can be accomplished through determination, education, and strategic investment decisions.
Anders Jacobson’s story reminds us that with the right mindset and the right strategies, anyone can unlock the potential of multifamily real estate investing and build long-term wealth.
Website: https://brightoncapital.io/