In this episode, Jennings explains that he made his first million by buying apartment complexes, stabilizing them, improving operations, and exiting for profit. His last million came from the same business model, continuing to buy, fix, and sell multifamily properties. Looking ahead, Jennings plans to make his next million through a flex warehouse development project. Jennings  building a 37,000 square foot industrial property, dividing it into smaller contractor garage units, and selling them individually under a condo structure. Jennings expects to be all-in for about $4.2 million with a projected exit around $9 million.
Bullet Points and Highlights:
- Jennings made the first million by buying, stabilizing, and improving apartment complexes.
- Jennings generated profits by exiting repositioned multifamily properties.
- Jennings made the last million through the same multifamily investment strategy.
- Jennings continues to operate heavily in apartment acquisitions and dispositions.
- Jennings says the next million will come from flex warehouse development.
- Jennings is developing a 37,000 square foot industrial flex property.
- Jennings is breaking the space into 1,100 square foot contractor garage units.
- Jennings plans to sell the units individually under a condo association structure.
- Jennings expects to be all-in for about $4.2 million on the project.
- Jennings projects an exit of roughly $9 million, creating substantial upside.
Links from the Show and Guest Info and Links:
Seth Bradley’s Links:
https://x.com/sethbradleyesq
https://www.youtube.com/@sethbradleyesq
www.facebook.com/sethbradleyesq
https://www.threads.com/@sethbradleyesq
https://www.instagram.com/sethbradleyesq/
https://www.linkedin.com/in/sethbradleyesq/
https://passiveincomeattorney.com/seth-bradley/
https://www.biggerpockets.com/users/sethbradleyesq
https://medium.com/@sethbradleyesq
https://www.tiktok.com/@sethbradleyesq?lang=en
Jennings Smith Jr.'s Link
https://www.instagram.com/jenningsfostersmithjr/?hl=en&utm
https://x.com/Jenningsfoster
https://www.facebook.com/jennings.smith.50/?utm

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