NEW YORK, NY / ACCESSWIRE / January 22, 2021 / At just 28 years old, former banker turned real estate agent and real estate investor, Kyle Webster uses his unique knowledge of the market to grow his own portfolio and help others grow theirs.
While Kyle’s knowledge of the real estate industry is unique, his interest in real estate is rooted in his family. “My mom was an industrial engineer who worked for Chubb Insurance. Some of my earliest memories are of touring properties with my mom and attending commercial real estate conferences all across the country. Ultimately, it rubbed off on me. I got involved in the business as soon as I graduated from high school,” says Kyle.
After graduating high school with his real estate license, Kyle moved on to the University of Pennsylvania, where he was a DI athlete juggling real estate sales and leases on the side. Even after his ‘winner’ attitude and passion for real estate landed him jobs on Wall Street at Nasdaq and J.P. Morgan, something was still missing for him.
From the outside perspective, Kyle was doing everything right. He graduated from college, got a full-time corporate job, bought a house, but he was feeling unfulfilled until one fateful day in April of 2019. Kyle quit his Wall Street job at J.P. Morgan and took the plunge into entrepreneurship. Now, he’s Founder and CEO of real estate investment group Black Diamond Properties, which acquires distressed multi-family properties in Northern New Jersey.
“Working in the field full time on the real estate team for J.P. Morgan was the final push for me to branch out on my own. I saw that the analyst and associate roles did the bulk of underwriting… understanding the mechanics of every deal inside and out, but ultimately never in a position to make the ‘big’ decisions. So, I decided that now was the time to bet on myself and leverage the knowledge I had accumulated… to invest in my own business,” says Kyle. “With the realization that the traditional corporate job would always be there if I wanted to go back, I made the choice that now was the time to build something of my own. It was the best move for me to branch out on my own, and build my portfolio and make millions with it,” explains Kyle.
When asked what sets him apart, Kyle replied, “I think I bring a lot to the table with my level and diversity of experience. I was a D1 athlete in college and propelled myself to a job on Wall Street, which translated to the success I had in real estate on my own. Not all real estate investors have a license and even fewer have institutional experience; it’s a rare combination”, says Kyle. “I have learned from some of the best real estate investors in the world at J.P. Morgan and now I apply that knowledge directly in my business. Being an agent is just the icing on the cake. I focus heavily on investing in specific areas that I know really well and are close to so that I can go and personally see the properties, as well as check on tenants. I plan to branch out into other markets later this year, but right now, I’m able to invest in my backyard and grow my portfolio in neighborhoods around me.”
Kyle credits his success to diligence, persistence, and the positive attitude he learned as an athlete. He says he brings it into his business every single day. Currently, Black Diamond Properties owns 17 units across Northern New Jersey with plans to double the size of their portfolio in 2021.
If you have any deals that you would like to partner on or you are interested in learning more about the real estate investing world, reach out to Kyle on LinkedIn or visit his website.
SOURCE: Kyle Webster
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