About Jack Echterling
After graduating from Florida State University, Jack began his real estate career with one of the largest real estate investment companies in the country. He won sales accolades and closed more than $ 7,000,000 in sales in his first 18 months. After the financial collapse in 2008, Jack left the brokerage house and started his first investment company at the age of 27 years.
Jack and his partners acquired more than 34 properties in South FL between 2009-2011.
At the end of 2010, Jack started his second investment company, JWE Equity, to acquire, renovate and sell single-family homes and condominiums. Together with its affiliated companies, it has purchased and resold more than 100 properties for a total of more than $ 36,000,000 in sales.
Today Jack sits on the Buyers Advisory Board of the nation’s largest auction house and his properties have appeared in numerous publications including Modern Luxury Magazine. Jack is considered “The” expert in South Florida in the purchase of distressed residential real estate from
$300,000 – $2,000,000 +. The country’s largest auction house also included Jack as “Changing the face of real estate.”
IDG HOMES is Jack’s third company that serves both domestic and foreign investors. “This opportunity reminds me of South Florida in 2009 but on steroids”. Jack feels so confident about the opportunity in southeastern Michigan that he has moved part-time to suburban Detroit from his home in Miami. He has consistently acquired characteristics 30-50% below current market prices that allows IDG HOMES to rehabilitate, rent and sell these assets to its investors at similar prices. Banks are selling their foreclosures in a distressed state.
Since entering the Michigan market Jack has bought and sold over 500 homes, many of them to investors out of state or abroad. He and his team have brought over $40 million dollars of foreign capital to SE Michigan and he has participated in half a dozen multi-million dollar transactions, from apartment complex’s to office buildings and retail centers. He specializes in investment real estate from SFR (single family rentals) to high cap stabilized commercial to value add opportunities.