EPISODE · Aug 19, 2023 · 30 MIN
Successfully Investing In 4,000 Apartment Units While Being A Full-Time Accountant with Scott Jacobson
from The Diversify Show with Eric Lindsey · host Eric Lindsey
Combining a passion for real estate with real-world experiences in property acquisition, management, and successful exit strategies, his vision is to align with like-minded people who can see the financial benefits and excitement that real estate investing can offer. He is currently working on more significant multi-family real estate syndication deals. Since 2016 he has been a limited partner in over 4,000 apartment units throughout the Midwest and multiple industrial park complexes in the eastern US.Website: http://Ericlindseydiversify.comClick on the link below to learn more about Eric Lindsey:http://Ericlindseydiversify.comDuring this episode, you will learn about:[01:58] Meet and greet Scott Jacobson and learn how he got into real estate[04:31] A bit about Scott's non-profit organization with his wife[08:01] One of Scott's syndicate transactions has been part of[11:28] The overall plan with this business property[13:08] How Scott has been able to be an LP and GP of over 4,000 units while still maintaining his w-2 job[17:18] Scott's overview of the real estate market and his insights on whether it is a good time to invest[21:17] What Scott wishes to have known before starting investing in Real Estate[23:08] How long did it take Scott to complete his first deal as GP[25:45] Scott's time management tips that keep his personal, family, business, and w-2 job thriving successfully[27:49] With limited time and resources, what can you do to start a successful company like Scott’s[29:24] Scott's recommendations on what a syndicator can do to find limited partners[31:52] Great moonlight book suggestions for your education[34:00] The best ways you can reach out and connect with Scott and episode wrap upNotable Quotes:Sometimes, real estate numbers look great, but a lack of capital partners that can help you finish things can be problematic. [11:00]Success in real estate demands leveraging your time and connections. Whenever you have a full-time job, you must work extra hours to accomplish your real estate goals.[16:02]Always stay conservative and avoid being too zealous and too much in a hurry. People can get too aggressive in the underwriting, which can hurt them. [20:20]
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