INSTRUCTOR – JEFF ANDERSEN

Jeff Andersen possesses extensive experience in sales, management, and real estate. Early on, his thirst for knowledge and desire to help others led him to a 12-year career working with youth through several churches and nonprofit organizations. To supplement his income, Jeff tried his hand at business ownership by starting and operating a small pressure washing business. During this time, he also gained an introduction to real estate by acquiring his first property – a two flat in Aurora, IL.

After leaving his work with youth and selling his pressure washing business in 1994, he moved to Phoenix, AZ, and began a new business venture: opening a mortgage banking office for Hartford Financial Services. He endured the two and a half year state approval process for the office, while working as Head of Finance for an auto group. When the office finally opened, he dove into the pre-foreclosure and foreclosure businesses. After its first six months, the new office became the most consistently profitable branch for the company. Jeff oversaw the pre-foreclosure refinance of 4-12 properties a month, besides doing 8-10 conventional loans in Maricopa County alone, and while managing the branch. He bought 11 pre-foreclosures properties for his personal rental pool, which put $10k cash in his pocket, and he was never more than 80% LTV, including fix up, closing costs, and all fees with convention financing! By now, Jeff had also bought his first home in Phoenix with no money down!

In 2001, Jeff opened his own mortgage broker’s office, but switched his focus to pre-foreclosure and foreclosures investing. His investment company bought under-market value properties and resold them to investors with a sales volume of more than 150 homes per year. He built a client base of investors that was so successful there was a waiting list! Soon he’d also increased the company’s credit line by an astonishing 15 fold, and created a system to ensure the average sale of homes occurred within the first seven days of acquisition.

In 2005, through his relationships and prowess in the industry, Jeff began working with a foreclosures company that was experiencing turmoil. There he increased the profitability in their deficient divisional office by an astonishing 223% and became the CEO of the company. He managed the sales, funding and flow of 60-110 homes per month with expansion across 6 states’ divisional offices. His duties included partnering for business growth opportunities and establishing relationships with title companies, residential and business investors, real estate brokers, and mortgage brokers, while also maintaining commercial banking relationships for corporate accounts. Additionally, Jeff sat on the senior management team of the parent company that owned a private mortgage bank for funding investment loans on real estate transactions.

Jeff is excited to join Nouveau Riche’s strong team of instructors. He looks forward to sharing his real-world knowledge and success strategies with others.

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