EPISODE · Oct 16, 2024 · 26 MIN
How This Small Family Business Grew Into a 32,000-Unit Real Estate Empire w/ Jeff Gleiberman
from Investing In The U.S. · host Reed Goossens
How did MG Properties, a small family business, grow into a 32,000-unit real estate empire?In this episode, I sit down with Jeff Gleiberman, president of MG Properties, to talk about how their small family business grew a portfolio of 32,000 multifamily units worth more than $7 billion. Jeff shares the challenges and rewards of scaling the business, the importance of vertical integration, fixed-rate financing to manage interest rate volatility, and why diversification is key to long-term success. He also explains why he's bullish on buying despite high interest rates!Want to learn how successful investors navigate market cycles and stay ahead of the curve?Tune in! Key Takeaways: 00:00 Intro01:55 How Jeff made his first dollar as a kid03:38 Hunting for deals in the 90s05:28 Current market conditions and Jeff’s strategies 10:06 Will the cost of construction go up? 12:03 Future projections and market dynamics15:21 Resilience to interest rate increases 19:27 Biggest lesson learned 22:46 Top 5 investing tips 25:54 Outro —Additional resources: ➡️ Get in touch with Jeff Gleiberman: • Website: https://mgproperties.com/ • LinkedIn: https://www.linkedin.com/in/jeff-gleiberman-0155a4b2/ ➡️ Visit https://reedgoossens.com/ and:• Invest passively in multifamily real estate • Get FREE access to my 100% Passive Real Estate Investment Masterclass• Take a look at my portfolio• Get FREE multifamily real estate resources ➡️ Follow me on social media:• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ • Instagram: https://www.instagram.com/reedgoossens/ • Facebook: https://www.facebook.com/reed.goossens/ ➡️ Subscribe to my podcast: • YouTube: @ReedGoossensREI • Apple: https://apple.co/44MiDN7 • Spotify: https://spoti.fi/45fVIcR • Stitcher: https://bit.ly/3OHHJqJ • Soundcloud: https://soundcloud.com/investing-in-the-us —Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!Follow so you never miss an episode!
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How This Small Family Business Grew Into a 32,000-Unit Real Estate Empire w/ Jeff Gleiberman
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