Jeff Wallenius's guest appearances

Jeff Wallenius

BiggerPockets Real Estate Podcast

Best Real Estate Investing Advice Ever

Chris Voss

Kevin Bupp

Bill Manassero

Zeona McIntyre

Rock Thomas

Rich Carey

Elliot Smith

James Dainard

Tom Krol

Noah Kagan

Brian Burke

Chad Carson

Ben Lapidus

David Greene

Brentin Hess

OwlTail

Jeff started as a flipper on the side while also being a professional firefighter. Realizing that flipping didn’t align with his cash flow goals, He started funding out-of-state turnkey providers. Jeff is also working on his own rental portfolio and has aggressive goals for how many units he wants to own. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “If you figure out that you can help people, everything else falls into place” - Jeff Wallenius   Jeff Wallenius Real Estate Background: -CEO of North Peak Investments, an asset-based investment firm -Professional firefighter who began flipping houses in 2005 -Started an investment fund in 2015 funding out of state turnkey operators, Fund #2 in 2017 funding flips -In 2013 he began flipping 10-12 houses per year -Currently building his rental portfolio with goal to get to 160 doors by May and 1000 in 4 years -Say hi to him at http://www.northpeakinvest.com/ -Based in Portland, Oregon -Best Ever Book: The Legacy Journey   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: Are you committed to transforming your life through real estate this year? If so, then go to CoachWithTrevor.com to apply for his coaching program. Trevor is my real estate, business, and life coach. I’ve been working with him for years. Spots are limited, so be sure to apply today!

Jeff started as a flipper on the side while also being a professional firefighter. Realizing that flipping didn’t align with his cash flow goals, He started funding out-of-state turnkey providers. Jeff is also working on his own rental portfolio and has aggressive goals for how many units he wants to own. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you figure out that you can help people, everything else falls into place” - Jeff Wallenius Jeff Wallenius Real Estate Background: -CEO of North Peak Investments, an asset-based investment firm -Professional firefighter who began flipping houses in 2005 -Started an investment fund in 2015 funding out of state turnkey operators, Fund #2 in 2017 funding flips -In 2013 he began flipping 10-12 houses per year -Currently building his rental portfolio with goal to get to 160 doors by May and 1000 in 4 years -Say hi to him at <a href="http://www.northpeakinvest.com/" rel="nofollow" target="_blank">http://www.northpeakinvest.com/</a> -Based in Portland, Oregon -Best Ever Book: The Legacy Journey Join us and our online investor community: <a href="http://bestevercommunity.com" rel="nofollow" target="_blank">BestEverCommunity.com</a> Made Possible Because of Our Best Ever Sponsor: Are you committed to transforming your life through real estate this year? If so, then go to <a href="http://www.coachwithtrevor.com/" rel="nofollow" target="_blank">CoachWithTrevor.com</a> to apply for his coaching program. <a href="http://www.coachwithtrevor.com" rel="nofollow" target="_blank">Trevor</a> is my real estate, business, and life coach. I’ve been working with him for years. Spots are limited, so be sure to apply today!

JF1301: Starting & Operating An Asset Based Investment Fund While Building A Rental Portfolio with Jeff Wallenius

Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business, and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he's set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.

Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business, and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he's set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.

#241: From Local Flips to Raising Funds and Turnkey Investing Around the Country with Jeff Wallenius

Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he’s set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.In This Episode We Cover:Jeff’s transition from firefighting to real estate investingHis first flipWhat exactly a “cash flow negative” spouse isThe numbers on that first dealHow he sold itHow to price your propertyWhy he went back in 2012 after the crashThe indicator of a good partnerHow he scales his flipping businessWhat he thinks buying out-of-stateTips for “riding along” with someone to learn moreHow to build an investment fundWhy he sees safety and performance as his bull’s eyeWhat turnkey is and how someone can vet oneHis next goal: acquiring 150 houses in his portfolioAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets FormsBiggerPockets ConversationsFarmers OnlyLessons Learned from 40+ Years as a Real Estate Investor with Jay HinrichsBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiSet for Life by Scott TrenchTalent is Overrated by Geoffrey ColvinFire Round QuestionsLong distance rehab: hire project manager, or pass?Let’s get real about starting outTweetable Topics:“You don’t want to be the cheapest property in the market.” (Tweet This!)“I’d like to align myself with people that have good morals that are going to do the right thing when it’s hard.” (Tweet This!)“Flipping is great, but when we stop flipping, the money ends.” (Tweet This!)Connect with JeffJeff’s BiggerPockets ProfileJeff’s CompanyJeff’s Facebook ProfileJeff’s Twitter ProfileSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he’s set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.In This Episode We Cover:<ul><li>Jeff’s transition from firefighting to real estate investing</li><li>His first flip</li><li>What exactly a “cash flow negative” spouse is</li><li>The numbers on that first deal</li><li>How he sold it</li><li>How to price your property</li><li>Why he went back in 2012 after the crash</li><li>The indicator of a good partner</li><li>How he scales his flipping business</li><li>What he thinks buying out-of-state</li><li>Tips for “riding along” with someone to learn more</li><li>How to build an investment fund</li><li>Why he sees safety and performance as his bull’s eye</li><li>What turnkey is and how someone can vet one</li><li>His next goal: acquiring 150 houses in his portfolio</li><li>And SO much more!</li></ul>Links from the Show<ul><li><a href="http://biggerpockets.com/forums" rel="nofollow" target="_blank">BiggerPockets Forums</a></li><li><a href="http://biggerpockets.com/forms" rel="nofollow" target="_blank">BiggerPockets Forms</a></li><li><a href="http://biggerpockets.com/conversations" rel="nofollow" target="_blank">BiggerPockets Conversations</a></li><li><a href="https://www.farmersonly.com/" rel="nofollow" target="_blank">Farmers Only</a></li><li><a href="https://www.biggerpockets.com/renewsblog/bp-podcast-222lessons-learned-40years-real-estate-investor-jay-hinrichs/" rel="nofollow" target="_blank">Lessons Learned from 40+ Years as a Real Estate Investor with Jay Hinrichs</a></li></ul>Books Mentioned in this Show<ul><li><a href="https://www.biggerpockets.com/richdadpoordad" rel="nofollow" target="_blank">Rich Dad Poor Dad</a> by Robert Kiyosaki</li><li><a href="http://biggerpockets.com/setforlife" rel="nofollow" target="_blank">Set for Life</a> by Scott Trench</li><li><a href="http://amzn.to/2voMVnN" rel="nofollow" target="_blank">Talent is Overrated</a> by Geoffrey Colvin</li></ul>Fire Round Questions<ul><li><a href="https://www.biggerpockets.com/forums/67/topics/471303-long-distance-rehab-hire-project-manager-or-pass" rel="nofollow" target="_blank">Long distance rehab: hire project manager, or pass?</a></li><li><a href="https://www.biggerpockets.com/forums/311/topics/476620-lets-get-real-about-starting-out" rel="nofollow" target="_blank">Let’s get real about starting out</a></li></ul>Tweetable Topics:<ul><li>“You don’t want to be the cheapest property in the market.” (<a href="https://twitter.com/home?status=%E2%80%9CYou%20don%E2%80%99t%20want%20to%20be%20the%20cheapest%20property%20in%20the%20market.%E2%80%9D%20BP%20Podcast%20241%20%40biggerpockets%20biggerpockets.com/show241" rel="nofollow" target="_blank">Tweet This!</a>)</li><li>“I’d like to align myself with people that have good morals that are going to do the right thing when it’s hard.” (<a href="https://twitter.com/home?status=%E2%80%9CI%E2%80%99d%20like%20to%20align%20myself%20with%20people%20that%20have%20good%20morals%20that%20are%20going%20to%20do%20the%20right%20thing%20when%20it%E2%80%99s%20hard.%E2%80%9D%20biggerpockets.com/show241" rel="nofollow" target="_blank">Tweet This!</a>)</li><li>“Flipping is great, but when we stop flipping, the money ends.” (<a href="https://twitter.com/home?status=%E2%80%9CFlipping%20is%20great,%20but%20when%20we%20stop%20flipping,%20the%20money%20ends.%E2%80%9D%20BP%20Podcast%20241%20%40biggerpockets%20biggerpockets.com/show241" rel="nofollow" target="_blank">Tweet This!</a>)</li></ul>Connect with Jeff<ul><li><a href="https://www.biggerpockets.com/users/Three5project" rel="nofollow" target="_blank">Jeff’s BiggerPockets Profile</a></li><li><a href="http://www.northpeakinvest.com/" rel="nofollow" target="_blank">Jeff’s Company</a></li><li><a href="https://www.facebook.com/jeff.wallenius" rel="nofollow" target="_blank">Jeff’s Facebook Profile</a></li><li><a href="https://twitter.com/NorthPeakInvest" rel="nofollow" target="_blank">Jeff’s Twitter Profile</a></li></ul> See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer nofollow" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer nofollow" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.