Fredrik Eklund has made it in U.S. actual property—the Million Greenback Itemizing New York star has helped shut greater than $15 billion in gross sales all throughout the nation.
However issues seemed loads completely different simply 20 years in the past when he first moved to the town. Eklund was handing out paninis in entrance of the Late Present with David Letterman for simply $15 an hour earlier than he bought a shot at promoting luxe flats.
“This was at a time when New York—and I didn’t understand it then—was very undervalued,” Eklund tells Fortune. “And it was about to blow up in what I’ve been specializing in: new developments, and these new stunning buildings.”
“I used to be a little bit bit fortunate to occur to fall into it; I bought my license at NYU and I bought a job from somebody silly sufficient to rent me with no expertise.”
Eklund now leads an actual property powerhouse of round 100 brokers, the The Eklund|Gomes Group, at luxurious agency Douglas Elliman. He leads workplaces in 10 markets, with superstar clientele starting from Jennifer Lopez to Joe Jonas, as he takes over America’s actual property scene. Except for New York, the self-made millionaire additionally has his eyes set on Miami as a gross sales ambassador for a $2 billion luxurious dwelling undertaking in Bahia Mar, working with actual property titan Jorge M. Pérez’s Associated Group.
However his rise to fame within the business—and on Bravo—was something however meteoric. It took years to attain success after Eklund cleaned his slate and moved from Stockholm to New York Metropolis with nothing. No connections, no enterprise, and no clear plan of what he wished to pursue.
“It was very scary to probably not know the town, as a result of I didn’t have any context right here,” Eklund says. “No one would give me any enterprise, as a result of I didn’t know anyone.”
From handing out paninis outdoors David Letterman to serving to shut $15 billion in actual property
Evidently, Eklund didn’t propel straight right into a high actual property agency when looking for his first gig in New York Metropolis.
“We have been handing out paninis without spending a dime for a type of cafe eating places proper outdoors David Letterman,” Eklund recollects. “As a part of the job, we bought a penny a panini. I believe we bought $15 to $20 an hour, which isn’t dangerous. That they had some free lunch.”
However Eklund was decided to not hand out paninis for all times, after which a good friend recommended actual property as a possible profession path, becoming for Eklund’s outgoing persona. Intrigued by the concept, Eklund quickly bought his actual property license from New York College, and a boutique property company supplied him a job. Six months later, he landed his first consumer. And it was all because of his good friend being perceptive on what career Eklund might stand out in.
“After the paninis factor, I used to be like, ‘What am I truly going to actually do?’” Eklund says. “A good friend of mine advised me that I might be actually good at actual property, as a result of I’ve this loopy persona—a really giant, eccentric, entertaining, and bubbly persona. However I’m additionally tremendous pushed, cutthroat, and really aggressive.”
Tens of millions of viewers from throughout the nation would quickly tune into his aggressive edge on Million Greenback Itemizing New York. Eklund was an unique forged member when the Bravo present premiered in 2012, and stayed on for a full decade till his departure in 2022.
Ever since, Eklund had been constructing his personal actual property empire, recording $3.77 billion in gross sales throughout New York, California, Florida, and Texas in 2023 alone. Notable clientele embrace Intercourse and the Metropolis icon Sarah Jessica Parker, in addition to Hollywood energy couple Chrissy Teigen and John Legend. And Eklund says he’s proud that he’s constructed his $15 billion empire from the ground-up.
“I didn’t have all these contacts, or a type of simple starting. No one did me a favor, or my dad or mother,” Eklund says. “I did all of it on my own—I put all of it on this one factor, and it labored.”
A phrase of warning to aspiring actual property millionaires: Success doesn’t come quick
Whereas Eklund has 20 years of accomplishments beneath his belt, he has a phrase of warning for different aspiring actual property brokers trying to replicate his success. Changing into properly established within the career takes years to get there, and doubt creeps in alongside the best way.
“I might say it takes 5 years to actually make it,” Eklund warns. “It’s a really troublesome business as a result of it’s tremendous, tremendous aggressive, so you can not quit like I virtually did. I wished to surrender after two, three years. I used to be like, ‘This isn’t for me, I’m not doing properly sufficient.’”
Having the ability to robust out the early years can result in million-dollar closings throughout New York, Los Angeles, and Miami, however it takes a sure sort of particular person to make the lower. Whereas Eklund says he has the eccentric persona and drive to face out, there’s one other a part of his persona that’s a double-edged sword within the job. It could possibly be the trait that makes or breaks somebody in actual property, however he leverages the perceived flaw to his benefit.
“[Real estate is] an artwork and a craft, and the one option to study is the laborious method. You can not actually study it in class. [You’ve] gotta be out on the streets, the imply streets,” Eklund explains. “It takes a very long time, and in the event you’re an impulsive and impatient particular person—which I’m, and may make you much more profitable at work—it’s very simple to form of discover a new passion or a brand new factor.”
