Mar 18, 2022

Steve Olson has been in the real estate game since 2002. He completed his first real estate deal while still in college and decided to pursue investing as a full-time career at that point. Throughout the ups and downs of the market since the early 2000’s, Steve has completed a wide range of real estate transactions including the sale of raw land, bulk foreclosure packages, single family flips, and single family/small multifamily rentals.

Steve is currently the Director of Sales for the Fourplex Investment Group (FIG), which develops fourplex projects in the Salt Lake City, Houston, Phoenix, and Boise metropolitan areas. These projects typically range between 200 and 350 units and are built as townhomes, but are platted as fourplexes, or sometimes larger 20–30 unit buildings.

Let’s dive into his story!

[00:01 - 09:09] Opening Segment

• How and why did Steve joined Real Estate in college
• • Dodging the bullet - what do you need if you can do Real Estate 
• What happened after Steve’s $17,000 (million) deal
• • Our most valuable asset is time

[09:10 - 17:39] Multifamily Real Estate development

• Why Steve ended up focusing in developments
• • Creating something out of nothing
  • An unending quest to learn how to do things better
• Steve’s current development projects
• • FIG is 5 companies in 1 roof
  • Fourplex is a beautiful investment
• Secret sauce with fourplexes

[17:40 - 27:27] Wise words from a veteran

• Steve’s ideal investor avatar
• Living before the 2008 recession
• • Longevity matters
  • Focus on downside protection!
  • Prepare for the worst ahead of time
• Why Steve chose these markets
• Market fundamentals

[27:28 - 29:06] Closing Segment 

• Connect with Steve:

Go to their website www.fig.us and follow and subscribe to their social media: LinkedIn, Twitter, and Facebook

Shoot Steve an email solson@fig.us

WANT TO LEARN MORE?

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Or send me an email sujata@luxe-cap.com

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Thanks for tuning in!  

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Tweetable Quotes

"Real Estate is a knife that cuts both ways. The longer I’m in it, the longer I’m better at staying on the right side of the way that it cuts.” - Steve Olson

"A lot of people get into Real Estate because they see money, and I’m not an exception to that. But later on you realize, ‘I need to feel some fulfillment.’” - Steve Olson

"Nothing is recession proof, only recession resistant.” - Steve Olson

"When you create your deal the right way ahead of time, if the market is down, you already know what to do, and you’re not going anywhere.” - Steve Olson