Jens immigrated from Denmark in 1996 and after a successful career in IT, Jens followed his passion for real estate and coaching and is now a full-time real estate investor and coach. He is currently a direct owner or General Partner in over 1,400 apartment units around the country, valued at over $100M.
Let’s dive in to learn more about Jen’s transition from being a limited partner to a general partner and his insights from the Cleveland market.
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[00:01 – 04:20] Opening Segment
- Jens talks about his background.
- Why he left his IT career.
- How he transitioned into active deals from the passive side.
- She talks about why she is doing coaching and what her purpose is.
[04:20 – 11:56] Limited Partner VS General Partner
- Jens talks about the differences between being an LP or GP.
- The upsides and downsides of being a general partner.
- He talks about the work involved in being an active investor.
- Jen talks about a deal they’ve been working on.
- The things you should watch out for when switching from LP to GP.
- The importance of having a great team with complementary skills.
[11:56 – 23:13] The Cleveland Market
- Jens talks about how they got into the Cleveland Market.
- Why they specifically prefer the Cleveland Heights Market.
- Jens breaks down what they focus on to find the best places to invest.
- The reason they prefer to hold properties for 7 to 8 years.
- How they are managing their properties.
- The importance of managing the asset manager.
[23:13 – 26:59] Round of Insights
Apparent Failure:
Underestimating the amount of CapEx you need to put into old properties.
Digital Resource:
Asana and Slack
Most Recommended Book:
Daily Habit:
Doing yoga in the mornings.
Curious about:
How inflation is going to impact their returns.
#1 Insight for Multifamily Investing:
Understanding the importance of asset management for the success of any deal you get into.
Best Place to Grab a Bite in Santa Fe
Tomasita’s
Contact Jens:
To learn more, you can go to Jen’s website or reach out to him via email.
Go to Ep.103 to listen to the previous episode Jens joined as a guest.
Tweetable Quotes:
“Think about your post-closing structure. Figure out what roles and responsibilities you need to have in place so that you’re ready to execute it the day the property closes.” – Jens Nielsen
“Asset management is so important for the success of any deal you get into.” – Jens Nielsen
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