Feb 4, 2022

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

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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

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