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February 4th, 2022

158. Don’t Hold Back, Don’t Delay: Scale While You Can with Chris Grenzig

  1. 158. Don’t Hold Back, Don’t Delay: Scale While You Can with Chris Grenzig Sujata Shyam 29:37

Title: Don’t Hold Back, Don’t Delay: Scale While You Can with Chris Grenzig

 

Chris is the Founder of JAG Communities which is a vertically integrated multifamily focused investment firm based in Jacksonville, FL. Chris started Investing in Real Estate in 2016 by attempting to flip houses in Long Island, NY. After months of failing, he attempted out of state flips, purchasing tax deeds, and finally found his footing in multifamily. Chris joint ventured on just over 100 units, before joining Toro Real Estate Partners as their head of Florida operations. Toro purchased 4000 units worth $300 mil, with 1000 units in Florida over 4 and half years. Chris eventually left Toro in Nov 2020 to start his own company which owns and manages small to mid-sized apartment complexes in Jacksonville, MSA. JAG Communities currently owns and manages 40 units worth $3 million, with a 10-year vision to scale to $500 million AUM.

Let’s hear more of his story!

[00:01 – 09:53] Opening Segment

  • Let’s welcome my guest for today’s show, Chris Grenzig
  • Chris shares how and why he got into the real estate industry
  • The birth of JAG Communities
  • Don’t delay!

 

[09:54 – 27:53] Falling into the hands of Real Estate

  • Why Chris self-managed without Property Managers
  • The lack of understanding and the desire to do better
  • What JAG looks for in doing Value Add deals
  • A balanced proactive approach
  • What are classified as Deep Value Add deals
  • Risk-Reward ratio in Real Estate
  • Choosing Jacksonville as their market
  • How they find deals these days

 

[27:54 – 29:36] Closing Segment 

  • Final Words
  • Connect with my guest, Chris, in the links below

 

Tweetable Quotes

“You won’t really know if you like it if you start doing it.” – Chris Grenzig

 

“I wanna find deals where we can do a ton of value and create a great asset that cashflows and reap the rewards for a few years, and then eventually sell after five or ten years, whatever it is.” – Chris Grenzig

 

“The better you understand the market, the less risk you have.” – Chris Grenzig

————————————————————————

 

Shoot Chris a message through his email, chris@jag-communities.com 

 

Visit their website www.jag-communities.com for exclusive perks and information about their upcoming projects and deals

WANT TO LEARN MORE?

 

Connect with me through LinkedIn

 

Or send me an email sujata@luxe-cap.com

 

Visit my website www.luxe-cap.com or my YouTube channel

 

Thanks for tuning in!  

 

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Sujata Shyam Passive Income Expert

Suja Shyam is a real estate investor, underwriter, Short-Term rental operator, and Fund Manager. Since founding Luxe, her primary focus has always been helping others achieve their financial & life goals.

Suja’s desire to help people started at a young age and continued through the years as she graduated from Northwestern University, and the Carnegie Mellon Tepper School of Business.

After using her student loans to flip her first house during her MBA, she spent 4 years underwriting multifamily acquisitions for institutional buyers.

By way of bootstrapping her Short-Term Rental Business, and getting her hands dirty, Suja replaced her corporate income at the age of 33.

As a Managing Partner of Luxe Capital, Suja is responsible for acquisitions, fund management, and investor relations.

Integrity, exceptional communication, and delivering results to investors are at the core of every decision she makes.

When Suja isn't touring properties, or underwriting deals, you can find her rollerskating with her friends or exploring an unknown corner of the world.

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