Real estate partnerships offer numerous benefits for investors. Finding the right partner means you’ll not only have a wider pool of knowledge, skills, and contacts but a moral support network too! For those looking to scale their business or just get it off the ground, joining forces with like-minded individuals can be very advantageous, as is illustrated by today’s guests. Jens Nielsen and Jason Pero are from Open Door Capital, having both shifted focus from being W2 employees in corporate America to becoming real estate entrepreneurs on their journey toward financial freedom. Jens is a multifamily real estate investor, coach, and Principal at Open Doors Capital. Originally from Denmark and after a successful career in telecommunications and IT, he began investing in multifamily real estate in 2016. He is now the key principal on 82 apartment units in New Mexico and Colorado, has raised money as a GP for several syndications, and passively invested in 14 syndications. Jason is a Partner at Open Doors Capital and the President and Owner of Pero Real Estate. He owns and operates over 650 rental units with his wife, Nadia, and they have built their portfolio together over the past 20 years, owning everything from single-family homes to large 80+ unit apartment communities. Both guests built their businesses while maintaining their day jobs, and Jason retired from his career in medical device sales in 2012 to pursue his passion for real estate. In this episode, we’ll find out how they did it, what their transitions were like, and how they came to partner with one another, as well as the benefits they have received from their partnership, both professionally and personally, and how they are sharing those benefits with others through their coaching programs. Tune in today!
Key Points From This Episode:
- Hear about Jens’ journey from successful IT professional to real estate investor and coach.
- Jason also speaks a bit about his background and how he got into real estate investing.
- Jens shares more about the transition from his W2 job and his first multifamily investment.
- In learning to scale, Jens realized the importance of partnering with the right people.
- Discover how Jens and Jason met at a conference a few years ago and hit it off.
- The importance of adding value in partnerships, no matter your skillset, and how it can benefit all partners financially (and personally).
- How Jens and Jason saw the unseen or unspoken value in one another.
- Learn what Jason’s business looked like prior to his move into syndication and partnerships.
- Jason talks about vertically integrating property management into his business.
- Find out from Jens why one of their key markets is in Western Pennsylvania right now.
- Their progression into secondary and tertiary markets and why Jason pays attention to more resilient markets during a downturn.
- Why Jason became a coach: to help change or enhance the mindsets of investors.
- Jens’ perspective on coaching and the impact that Brendon Burchard’s Certified High Performance Coaching program had on him.
- Hear about Jason’s daily exercise routine and how Jens practices The Miracle Morning.
- Their book recommendations, including The Success Principles and Poor Charlie’s Almanack.
- Jason reflects on his biggest mistake and what listeners can learn from it; be the person you need to be to attract success in your life.
- What you can learn from Jens’ biggest mistake; a mindset shift from competing to focusing on where you can add unique value.
- Why Jason believes he has been successful; his willingness to learn and to grow.
- How Jens’ persistence and even his stubbornness have contributed to his success.