111. What's What with Cap Rates with Chris Grenzig
Passive Income Unlocked
Title: What's What with Cap Rates 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 tune in to his story!
[00:01 - 01:37] Opening Segment
Let’s welcome my guest for today’s show, Chris Grenzig Welcome back to another episode of our segment, Investing Shorts
[01:38 - 11:00] On Cap Rates
Chris explains Cap Rates in a nutshell How the market affects Cap Rates Risk and Reward system Using cap rates Easily Manipulated What's your cap rate in the future? Creating your own cap rate
[11:01 - 12:45] Closing Segment
Final Words Connect with my guest, Chris, in the links below
Tweetable Quotes
“Don't feel like you have to do it at the top of your head.” - Chris Grenzig
"A cap rate is basically a function of risk and reward." - Chris Grenzig
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Email Chris at chris@jag-communities.com
And checkout his website www.jag-communities.com
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