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#57: Jeff Tack's Journey from Billion Dollar Portfolio Manager to Serial Real Estate Entrepreneur
What's up? What's up?
Episode 57.
We're interviewing Jeff Tack of Woodward Real Estate Partners. This dude is a fixed income pro. There aren't many people like this dude in Chicago. This guy knows the markets really, really well.
He worked at ABN AMRO in the South Bank for over a decade. He managed a $20+ billion portfolio there. Then at Credit Agricole, where he also had a huge portfolio. At Crestline, he had over $10 billion. He was managing huge amounts of money!
We learn how he thinks about making those transactions: How to manage that money? How to make money in a big way?
But now the dude has left that world. He's now an entrepreneur doing his own real estate thing. This dude was buying up cribs in the recession. He bought a lot of them. All of them in Michigan. His first one, he paid 16 grand. As he calls it, “half a Camry.” And then just kept waving at them after that.
And now we figure out what's he doing with it. And how can we be doing stuff like that. Maybe the Great Recession's gone, but he still has some great advice on how to make money in real estate.
So yeah, tune in. Listen to the episode. Sit back. Relax.
Peace!
SHOWNOTES
01:40 – Jeff Tack's job background and profile
03:25 – ABN AMRO investing on secure products
05:10 – $10 trillion mortgage loans in the US
06:40 – Jeff's $25 billion portfolio at La Salle
08:00 – Comparing investing to drug dealing
10:50 – US mortgage market: world's largest, most liquid market
12:10 – Jeff on losing and gaining a lot of money
13:45 – Massive transactions fees
16:00 – How not to steal a billion
18:30 – The goal is to make money
19:35 – Fixed Income market is bigger than the stock market
21:35 – Good debt and bad debt
22:30 – Jeff's memorable story as a portfolio manager
26:15 – Becoming a serial entrepreneur + taking advantage of the Great Recession
28:35 – First house Jeff and his partner bought for $16,000
30:45 – Now is the right time to buy a house + getting rich via real estate
31:45 – On mobility and renting vs. owning a house
33:20 – Looking for opportunities to buy
35:55 – Millennials not buying houses + housing loan options
38:30 – Jeff's property management company + construction business
41:10 – Real estate benefits + jumping on opportunities
Connect with Amer and BNOS:
Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2
Visit the Amer Abdullah BLOG: http://amerabdullah.com/
Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit
Follow BNOS on Twitter: https://twitter.com/theamerabdullah
Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah
View all episodes
By Amer Abdullah
5
139139 ratings
What's up? What's up?
Episode 57.
We're interviewing Jeff Tack of Woodward Real Estate Partners. This dude is a fixed income pro. There aren't many people like this dude in Chicago. This guy knows the markets really, really well.
He worked at ABN AMRO in the South Bank for over a decade. He managed a $20+ billion portfolio there. Then at Credit Agricole, where he also had a huge portfolio. At Crestline, he had over $10 billion. He was managing huge amounts of money!
We learn how he thinks about making those transactions: How to manage that money? How to make money in a big way?
But now the dude has left that world. He's now an entrepreneur doing his own real estate thing. This dude was buying up cribs in the recession. He bought a lot of them. All of them in Michigan. His first one, he paid 16 grand. As he calls it, “half a Camry.” And then just kept waving at them after that.
And now we figure out what's he doing with it. And how can we be doing stuff like that. Maybe the Great Recession's gone, but he still has some great advice on how to make money in real estate.
So yeah, tune in. Listen to the episode. Sit back. Relax.
Peace!
SHOWNOTES
01:40 – Jeff Tack's job background and profile
03:25 – ABN AMRO investing on secure products
05:10 – $10 trillion mortgage loans in the US
06:40 – Jeff's $25 billion portfolio at La Salle
08:00 – Comparing investing to drug dealing
10:50 – US mortgage market: world's largest, most liquid market
12:10 – Jeff on losing and gaining a lot of money
13:45 – Massive transactions fees
16:00 – How not to steal a billion
18:30 – The goal is to make money
19:35 – Fixed Income market is bigger than the stock market
21:35 – Good debt and bad debt
22:30 – Jeff's memorable story as a portfolio manager
26:15 – Becoming a serial entrepreneur + taking advantage of the Great Recession
28:35 – First house Jeff and his partner bought for $16,000
30:45 – Now is the right time to buy a house + getting rich via real estate
31:45 – On mobility and renting vs. owning a house
33:20 – Looking for opportunities to buy
35:55 – Millennials not buying houses + housing loan options
38:30 – Jeff's property management company + construction business
41:10 – Real estate benefits + jumping on opportunities
Connect with Amer and BNOS:
Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2
Visit the Amer Abdullah BLOG: http://amerabdullah.com/
Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit
Follow BNOS on Twitter: https://twitter.com/theamerabdullah
Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah