206: Chris Grenzig on Turning a Failed Flip into Multifamily Investing Success
Accelerated Real Estate Investor
Today, I’m speaking with Chris Grenzig. Chris began his real estate investing journey in 2016 by attempting to flip houses on Long Island NY, but ultimately failed to flip a single property despite spending tens of thousands of dollars and several months trying. Instead of giving up, he shifted his focus to multifamily real estate and started by investing passively in an 8-unit property, then joint venturing on another 100 units worth over $4.5M. Chris’s experience landed him a job with Toro Real Estate Partners, which gave him an opportunity to learn from experienced investors. Over the course of 4 years, he became responsible for overseeing all of their Florida portfolio which consisted of 7 properties, totaling roughly 1,000 units worth $70M. In 2020, Chris’s persistence in the real estate investing game finally paid off as he ventured out on his own and founded JAG Communities — a vertically integrated multifamily investment firm that specializes in creating an exceptional living experience for residents. In this conversation, Chris walks us through his journey, from failing to flip houses to quitting his job and making a way in multifamily real estate. You’ll also hear us dissect his first two deals, including a 16 unit and 24 unit property, along with his 10 year plan for reaching $500 AUM! Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/206 Rate & Review If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast
We chat with Chris Grenzig, a real estate investor successful in the mult-family space, but it wasn't an easy process for him. In this podcast, he talks about his story, how he started in fix and flipping, and how he turned in the real estate investor that he is today. Enjoy! #realestatepodcast #realestateinvesting #realestateinvestor #floridarealestate #jacksonville #jacksonvillerealestate #longislandrealestate #newyorkrealestate #multifamily #multifamilyhomes #multifamilyrealestate #multifamilyinvesting--- Send in a voice message: https://anchor.fm/charles-weinraub/message
Chris Grenzig: Psychology Of Success Meet Chris who started his real estate investing journey in January of 2016 by trying to flip houses on Long Island NY, but ultimately failed to flip a single house despite spending tens of thousands of dollars and several months trying. Chris and his team tried pivoting to purchasing tax deed properties in Philadelphia, but quickly realized it wasn't for them. From there Chris started to learn about multifamily and started by investing passively in an 8-unit property, then Joint Venturing on another 100 units worth over $4.5 million. From there Chris quit his full-time job in finance and joined the Toro team full time in August 2016. Chris focuses on managing, sourcing, evaluating, and acquiring new assets for Toro’s Multifamily Portfolio and is the primary person running the Florida region of Toro's portfolio. Toro has acquired over 3200 units worth over $200 million. Before Toro, Chris worked in finance at a small boutique firm. He graduated Hofstra with a degree in Business and played D1 soccer. What You Will Discover: [02:52] You Can’t Enjoy The Ups If You Don’t Have The Downs [03:54] Deemed It Necessary To Learn The Aspect Of A Property Management Business [13:20] Partnerships And The People You Surround Yourself [28:18] I Wanna Do Airbnb But I Don’t Want People In My House [31:42] People Don’t Really Care What You Do, They Care Who You Are [33:04] Make Sure That You Are Not Living Somebody Else's Injected Value Relevant Links: Connect with Chris Grenzig and go to their LinkedIn, Facebook, and Instagram pages. Check out their works Online and on Twitter and YouTube. LEAVE A REVIEW if you liked this episode!! Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms. To learn more, visit us at https://www.braindumppodcast.com/ Let’s Connect On Social Media! LinkedIn: https://www.linkedin.com/in/brain-dump-518067203/ Instagram: https://www.instagram.com/braindumppodcastshow/ Facebook: https://www.facebook.com/brain.dump.566 #podcast
SK124 - Evaluating Markets, Building Teams and Practical Approach To Buying Deals w/ Chris Grenzig
Premium Cashflow Podcast
Chris Grenzig focuses on managing, sourcing, evaluating, and acquiring new assets for Toro’s Multifamily Portfolio. Also, he contributes substantially to capital raising, negotiating joint ventures, financings, and dispositions. Chris has been with Toro since 2016 and has contributed to over 2600 units acquired worth over $155 mil.Before joining Toro Real Estate Partners, Chris worked in finance at a small boutique firm in Rockville Centre, NY. Chris graduated Hofstra University where he earned his Bachelor’s in Business Management, and played Division 1 soccer for 4 years on scholarship.
“I recognize that I’m nothing without the people that have gone before me and my family who have invested in me.” In this episode of Rent Roll Radio, host Sterling Chapman welcomes Chris Grenzig to the show. Chris is the Founder of JAG Communities, a multi family-focused investment firm based in Jacksonville, FL. Chris shares how he started in real estate investing because of his mom, what he learned from quitting his high-paying job to work as an apprentice, his reasoning behind looking for local investments, and what his investment criteria are. Connect with Chris: Website Instagram LinkedIn
#201 with Chris Grenzig: Scaling to 40 Units and Starting His Own Property Management Operation
Millennial Millionaire Real Estate Podcast
In this episode, Jonathan Farber brings back Chris Grenzig to continue the discussion on his path from jumping around between flipping tax deeds, and small multifamily, to amassing 40 units and starting his own property management operation. Chris is an investor and property manager based in Jacksonville, Florida. In this episode, we dive into topics like: education from a real estate firm, why you need a mentor starting off, how to best force appreciation, and more! Top Takeaways: Lessons from a real estate investing firm - 9:45 - 12:15 Especially if you’re at a small company, you can assume a lot of responsibility with some support You get the chance to master your assigned tasks under the tutelage of seasoned players You also may get exposure to other aspects of the business that will help you down the line The value of mentors - 12:30 - 14:30 Even if you have a bit of your own solo experience, living in the institutional world immerses you The more you can leverage the experience around you the faster you can learn If you can find a job in the business, you can literally get paid to train yourself for the future Finding the best ways to force appreciation - 27:15 - 30:30 Consider comps as a baseline for where you can take your units reasonably easily The more data points you can compare to the better your conclusions will be Include potential outcomes where your new rents are either lower or higher than your target How to bring value to Chris Grenzig: Check out his social media and podcast Resources: #15 with Chris Grenzig: The Power of Mentorship and a Rock Solid Corona Game Plan Social Links: biggerpockets.com/users/ChrisG149 @chris.grenzig linkedin.com/in/chris-grenzig thereiexp.com Connect With The host, Jonathan Farber Here! email@example.com LinkedIn: https://www.linkedin.com/in/jonathanfarber1/ Instagram: @jonjfarb Facebook: https://www.facebook.com/jonathan.farber.9 Facebook Group: Real Estate Mentorship Mastermind https://www.facebook.com/groups/860025821084224/ BiggerPockets: https://www.biggerpockets.com/users/JonathanF29 Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
Building Blocks to get to the Ultimate Goal with Chris Grenzig
How to Scale Commercial Real Estate
Chris Grenzig, the Founder of JAG Communities is based in Jacksonville, Florida. He started investing in real estate in 2016 by attending the flip houses in New York and after buns of failing, he attended out-of-state flips purchasing tax deeds and finally found his putting in multi-family.Chris’s joint ventured on just over 100 units before joining Toro Real Estate Partners as their head of Flora operations. They purchased 4,000 units for 300 million dollars with 1,000 units in Flora over a period of roughly four years. Chris left Toro in November of 2020 to start his own company which owns and manages small to mid-sized apartment complexes in Jacksonville.[00:01 – 08:04] Opening SegmentLet’s get to know Chris Grenzig Chris talks about his backgroundFirst introduction to real estateKnowing the outcome to get to the goal[08:05 – 23:11] Building Blocks to get to the Ultimate GoalBuilding blocks to get to the goalPrimary focus aside from multi-family assetJacksonville and existing multi-familyDevelopment and StorageFunding the dealsClarifications on leaving the two units vacant [23:12 – 26:43] Closing SegmentChris’s advice to aspiring investorsUnderstand that some things move a little bit slower How he stays on top of his gameHis way to make the world a better placeHow to reach out to Chris – links belowFinal wordsTweetable Quotes:“I firmly believe that time in the market is better than trying to time the market.” - Chris Grenzig “A lot of things that you think are gonna happen super quick are gonna take a lot longer, and a lot of things that you think are gonna take super longer are gonna happen like quicker.” - Chris Grenzig“Some things move a little bit slower.” - Chris GrenzigResources Mentioned: Toro Real Estate Partners------------------------------------------------------------------------------------------Connect with Chris on Linkedin and InstagramConnect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> firstname.lastname@example.org
Ep 127: Time Management, Experimentation, and the Execution of Ideas with John Cohen and Chris Grenzig
The Real Estate Investing Experience
Finding your niche is important, but it takes experimentation, which means that getting better at time management is a must. Today on the show, Chris and John had a sudden guest cancellation and decided to use this as an opportunity to talk shop. We start with some contextual details about the work involved in managing Chris’s duplex and what he is doing on the side. John and Chris talk about their various experiments in wholesaling and buying up land to use in different ways. Here they get into the pros and cons of these different strategies, and the value of hiring staff to handle the less enjoyable sides. This idea of outsourcing so that you can focus on the best use of your time acts as a segue into a great conversation about time management.
Accepting Investments from Family and Friends with Chris Grenzig
Small Axe Podcast
Today’s guest is Chris Grenzig, Asset Manager at Toro Real Estate Partners. He focuses on the management, sourcing, evaluation, and acquisition of new assets for Toro’s Multifamily Portfolio. He started his career in the real estate business in 2016 by trying to flip houses in Long Island, New York. He faced several hurdles along the way, which led him to the multifamily business. Let’s dive into Chris’s story and find out how this former Division I soccer player learned about accepting investments from family and friends. [00:01 – 08:41] Opening Segment I introduce our guest, Chris Grenzig Chris walks us through his pre-real estate days and his early real estate career. He talks about his transition from coaching in college to investing in real estate He talks about his early real estate career, which led him to meet John Cohen of Toro Real Estate Partners [08:42 – 21:53] Accepting Investments from Family and Friends Chris shares his motivations for entering the real estate business He talks about the role of coaching, seminars, and other educational activities in learning about real estate. He shares the challenges they have faced in doing real estate business He shares how the multifamily business fits his values and morals [21:54 – 29:40] Getting in Touch with Potential Investors Chris talks about his roles in Toro Real Estate Partners He shares that everybody has a focus, but they all handle other tasks too. Chris mentions the 80/20 and 70/30 rule. Chris shares his secrets about getting new investors Aside from marketing, advertising, and branding, how can you get in touch with people? He talks about social media platforms in terms of investor relations Where can you find the established people? He walks us through their process of talking with potential investors [29:41 – 36:30] Closing segment If your grandkids and great-grandkids plan to write a book about you, how would you title the book, or what characteristics would you like to be highlighted in that book? Chris doesn’t have a specific title, but he wants the book to be about his legacy He shares how he wants to be remembered Chris talks about the advantages of technology, the internet, and social media for the young generations Teach yourself Find people who need your knowledge and skills, even if those are not related to real estate Connect with Chris. See the links below Tweetable Quotes “When I got into multifamily and I learned more about it, I feel incredibly comfortable accepting money from family, other people.” – Chris Grenzig “Don’t hang up until you hear ‘no.’” – Chris Grenzig “Not every investor is for you.” – Chris Grenzig Resources Mentioned: Real Estate Investing Experience Podcast You can email Chris directly at email@example.com or follow him online: Instagram, LinkedIn, Facebook, and YouTube. Check out their website at Toro Real Estate Partners LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let’s start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.
ATE-Expanding Your Influence with Chris Grenzig and Han Oo
Diary of an Apartment Investor
Connecting with individuals and expanding your influence as an authority in your niche and on Multifamily is what is discussed by Chris Grenzig and Han Oo today on the Diary of an Apartment InvestorInterested in being on the show? Visit our website at www.fouroakscapital.com/podcast or email me at firstname.lastname@example.orgDownload our free investing guide at www.fouroakscapital.comOriginally aired on Oct. 16, 2020----Chris GrenzigChris Grenzig focuses on managing, sourcing, evaluating, and acquiring new assets for Toro’s Multifamily Portfolio. Also, he contributes substantially to capital raising, negotiating joint ventures, financings, and dispositions. Chris has been with Toro since 2016 and has contributed to over 2600 units acquired worth over $155 mil. Before joining Toro Real Estate Partners, Chris worked in finance at a small boutique firm in Rockville Centre, NY. Chris graduated Hofstra University where he earned his Bachelor’s in Business Management, and played Division 1 soccer for 4 years on scholarship.You can email Chris at Chris@tororep.comCheck out his Instagram https://www.instagram.com/chris.grenzig/?hl=enLinkedin https://www.linkedin.com/in/chris-grenzig/Website https://tororep.com/----Han OoHan is an active duty member of the United States Navy, recently promoted to Petty Officer First Class. Han started his career in real estate in Singapore and then later moved to the United States and joined the Navy. He currently owns two houses, a duplex, and has passively-invested into a 104 unit deal. He also is the author of multiple blogs for part of the Active Duty passive income group in Bigger Pockets. Email Han at email@example.comFind him on Linkedin https://www.linkedin.com/in/hanoorealestate/Facebook https://www.facebook.com/hanlwinooand his website https://www.hsinvestmentllc.com/about-us/----Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital. He and his team currently have 168 units worth $7.5 million in assets under management and are continuing to grow. He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com or contact him at firstname.lastname@example.org - be sure to let him know where you found him.Connect with him on LinkedIn, Facebook, or on Bigger Pockets.-----Tweetable QuotesTo get people to come to you, you have to remove friction for them. So you want to make it as easy as possible for them to learn about you and then show that they have interest." -Chris Grenzig vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv> Check out our multifamily investing community!> The Tribe of Titans> Get exclusive access to the Four Oaks Team!> Find it at https://www.thetribeoftitans.info^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^