Today on Multifamily Monday we talk to someone who used multifamily real estate to retire from his IT job, and we dive deeper into the student housing niche.

Multifamily Expert Shares How To Be Successful In Student Housing, with Jeff Greenberg

Key Points on Multifamily Housing, with Jeff Greenberg

Multifamily housing
Photographer: Brandon Griggs | Source: Unsplash
  • Began working in a private school
  • In 1984 Apple computers were just becoming mainstream and he was very interested in computers
  • Started teaching students about computers in a computer lab
  • Has been doing multifamily investing since 2007
  • Actually started investing in single family homes in 2005 but Jeff was unhappy with the volatility of the product and the market
  • Was still working his day job until his boss offered him a promotion and wanted him to head a new project
  • Realized that he was too focused on real estate to even consider moving up in his day job
  • He gave his 60 day notice, the day his boss tried to promote him
  • He ended up helping his boss with some real estate things he had been working on. Jeff also still maintains a good relationship with everyone he used to work with
  • Bought his first multifamily syndication in 2010
  • Has since moved from from multifamily to also including student housing
Moments of Truth Graphic
Moments of Truth Graphic
  • Who is your success role model? Joe Fairless
  • What is your biggest success? Doing a very good job on his multifamily Georgia property and providing a very good place for people to live
  • What does a typical day for you look like? His days are filled with talking to people and attending meetups. He also spends a lot of time with his grandchildren
  • What is your favorite quote? "If you want to achieve your goals, help others achieve theirs" -Zig Ziglar
  • What are your hobbies? Bike riding, skiing, and spending time with his grandchildren
  • What is the best business book you've read? Rich Dad, Poor Dad
  • If there was one key piece of advice you could leave our listeners with about achieving success, what would it be? Getting into real estate isn't a 'get rich quick' method. It takes work, time, and stamina

About our Guest, Jeff Greenberg

Jeff, MBA has over forty years experience in management, staff supervision, development and training. He has proposed, implemented, and supervised million dollar budgets for government agencies, as well as private and public organizations. Since 2007 Jeff has been investing in multi-family and student housing assets in emerging markets. Jeff focuses on all aspects of projects including; underwriting, acquisitions, investor relationships, contract negotiations, business systems development, business management and asset management.