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The Multifamily Wealth Podcast

Business & Economics Podcasts

Axel Ragnarsson speaks with successful real estate investors and dissects how they started, built, and scaled their businesses. In each episode, listeners can expect tactical and actionable information to help grow their business and real estate portfolio.

Location:

United States

Description:

Axel Ragnarsson speaks with successful real estate investors and dissects how they started, built, and scaled their businesses. In each episode, listeners can expect tactical and actionable information to help grow their business and real estate portfolio.

Language:

English


Episodes
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#236: Do "Cheaper" Properties Actually Offer More Cashflow? Why Premium Assets Actually Generate Higher CoC Returns

5/31/2024
Are you making this critical mistake in your underwriting process? Discover why your assumptions need to change when underwriting lower class rentals versus higher class properties in this eye-opening episode of the Multifamily Wealth Podcast. In this episode, we delve into the significant differences in underwriting lower class (C-class) rentals compared to higher class (A-class) properties. We explore common mistakes investors make in underwriting, such as using the same vacancy rates and maintenance expenses for all properties. By using the example of buying a cheap house versus an expensive house, we illustrate how adjusting your underwriting assumptions based on the property class can lead to more accurate financial projections and better investment decisions. Tune in to learn why a one-size-fits-all approach to underwriting doesn't work and how to optimize your analysis for different types of multifamily assets. Key points covered in this episode: - The importance of adjusting underwriting assumptions for different property classes - Why is the use of percentage of gross income for repairs and maintenance not the right approach? - The impact of tenant class on repairs and maintenance expenses in real estate investments - How does the quality of the property affect repair and maintenance costs, regardless of rent prices? - The potential for higher cash on cash returns in slightly more premium properties due to incorrect expense assumptions Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:11:12

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#235: Organically Growing a 200+ Unit Portfolio, Direct-To-Seller Strategies, and Focusing on Tertiary Markets with Zach Hoereth

5/28/2024
What's the key to success in direct-to-seller real estate deals? This week, Zach Hoereth shares his journey as an investor focusing on small to midsize multifamily deals in the Midwest, primarily in Indiana. He has a portfolio consisting of several hundred units across single-family homes, small apartments, and self-storage facilities. In this episode, Zach and I dive into the world of direct-to-seller deals, discussing his strategies for finding deals, the power of follow-up, and some fun stories from his real estate journey. We touch on the challenges and rewards of going direct-to-seller and the importance of building relationships in the industry. Here are some highlights from the episode: - How does Zach find deals in the Midwest and what is his marketing strategy? - What are some fun stories Zach shares about his deals, including one involving persistent follow-up with a seller? - How does Zach manage the dynamic of investing in markets where he doesn't live, and what is his approach to due diligence in those situations? - What is Zach's strategy for leveraging single-family homes in his portfolio and how does he use them to build wealth and cash flow? - What are Zach's goals for the future in terms of building his real estate portfolio, including a focus on self-storage facilities? Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with Zach: Follow him on Instagram Connect with him on LinkedIn Learn more about Zach in this website

Duration:00:49:11

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#234: Resident Retention is More Critical Than Ever... 4 Tips To Help Multifamily Investors Sign More Renewals

5/24/2024
Are you struggling to keep your multifamily property fully occupied? In this episode of the Multifamily Wealth Podcast, we dive into the crucial topic of resident retention strategies. From the importance of rent pricing to the timing of renewal discussions, we explore practical tips to increase renewals and minimize turnover. Join us as we discuss the key tactics for creating win-win situations for both operators and residents, ultimately boosting your property's profitability. Key points covered in this episode: - How can you increase resident retention at your multifamily property? - Why is it important to avoid pushing rent to market or above market upon lease expiration? - When should you start the renewal process with residents? - What are the benefits of offering longer lease options at the initial lease-up? - How can building specific relationships with residents impact renewal rates? - What personalized approaches can you take to improve resident retention? - Why is resident retention becoming increasingly important in the current rental market? Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:08:40

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#233: "I Took On Too Much Debt, I'm Over-Leveraged, The Project Isn't Going To Plan... What Do I Do?" - How To Think About Subpar Deals... Give Yourself Permission To Move On!

5/21/2024
Are you losing sleep over your real estate investments? In this episode, we explore the challenges faced by investors dealing with high debt levels in their portfolios. We discuss scenarios where investors may find themselves over-leveraged, strategies to optimize property performance, and the importance of evaluating when to hold or sell properties. I’ve also shared some insights on the decision-making process, the nuances of losing capital in deals, and the various options available to investors to navigate through turbulent market times. Key points covered in this episode: - Identifying signs of over-leveraging in different property scenarios - Strategies to optimize property performance and increase cash flow - Evaluating the decision to hold onto or sell underperforming assets - Exploring alternative solutions beyond the binary options of hold or sell - The importance of rational decision-making in turbulent market conditions Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:17:34

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#232: Friday Feedback! The Highest ROI Multifamily Renovations, How To Underwrite Deals Today, and Avoiding PM Burnout

5/17/2024
For this edition of Friday Feedback, we address some of your most pressing queries, going over subjects like managing workload while expanding your portfolio, choosing multifamily properties with the best return on investment, and modifying underwriting techniques in the present market. We break down the key factors to consider when renovating multifamily properties, share insights on navigating the changing market landscape, and provide valuable advice on balancing property management with portfolio expansion. Here are some of the questions we’ve received: 01:09 - "I'm looking to set my budget for an upcoming project that I'm closing, and I want to allocate my dollars most effectively towards the highest ROI renovations within the property. Can you talk about what you found to be the highest ROI return on investment renovations when renovating a multifamily property?" 08:22 - "I don't have confidence in my underwriting right now when I'm looking at deals, having a hard time figuring out what to pay. And I don't know how to adjust my underwriting given the changes in the marketplace." 12:47 - "I am getting burnt out with managing my own units while also trying to grow my portfolio, such as finding deals, underwriting deals, meeting investors, etc. How do you recommend I manage the workload so that I don't burn myself out while trying to grow my business?" Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:18:33

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#231: Dissecting The Current Debt Environment, Working With Local/Regional Banks, and How To Be A Great Borrower with Pat Brady

5/7/2024
What's the secret to securing financing in today's multifamily market? This week, Pat Brady of Brady Capital Advisors, a well-known mortgage broker in the New England commercial real estate market, takes us on a deep dive into the world of multifamily financing. With a focus on multifamily properties, Pat has a track record of sourcing debt for a variety of deals ranging from acquisition to value-add projects. His experience includes working with local banks, credit unions, and regional lenders, specializing in the middle market range of $2 to $50 million. We explore the timeless subjects of being a great borrower and locating a top-notch mortgage broker in this episode. Pat offers his thoughts on how the lending landscape has changed in the last 12 to 24 months and how this has affected borrowers. We look at the New England multifamily sector's lack of distress, the function of regional banks and credit unions, and the significance of having solid balance sheets and liquidity positions when obtaining financing. Pat also offers insightful guidance to borrowers attempting to understand the current real estate lending environment. Here are some highlights from the episode: - What are the key changes in the lending market over the last few months, and how are they impacting borrowers? - How have cap rates shifted in New England, and what factors influence these changes? - What challenges are borrowers facing in getting deals financed, and how are deposit requirements impacting the process? - What are banks looking for from borrowers beyond deal-specific metrics, and how can borrowers present themselves well to lenders? - How has the approach to underwriting deals changed, and what strategies can borrowers use to navigate the current market conditions? Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with Pat: Connect with him on LinkedIn Learn more about Brady Capital Advisors

Duration:00:55:08

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#230: Dissecting The 3 Step Process We Follow When Submitting Offers To Multifamily Owners

5/3/2024
I covered a critical subject in this episode: drafting and presenting offers to brokers or sellers in the real estate market. I stressed that presenting your offer in an organized manner is crucial because it will determine how well-received it is and whether you can have a fruitful conversation with the seller. Applying a sandwich analogy, I dissect the offer presentation process into three main parts. The sandwich's top bun builds credibility, the bottom bun concludes with more justifications for why working with you is advantageous, and the sandwich's meat lays out the terms of the offer. In this episode, we discuss: - How can you craft and present offers effectively to sellers or brokers in the real estate industry? - Why is it crucial to establish credibility and showcase your ability to close deals when presenting an offer? - What are the key components of an offer presentation, including the importance of outlining terms in plain English for sellers who may not be familiar with the real estate game? - How can you differentiate yourself as a buyer and highlight the benefits of working with you when making an offer, especially in a direct-to-seller scenario? - Why is it essential to think about the offer presentation process as a structured approach, like a sandwich, to increase the likelihood of your offers being accepted? Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:09:38

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#229: From Maintenance Tech to Owning/Operating 1,300 Units! Organically Growing an Vertically Integrated Multifamily Platform with Jered Sturm

4/30/2024
Want to know the secrets behind a successful multifamily takeover process? Hey there, Multifamily Wealth Podcast listeners! I am thrilled to share with you our latest episode featuring Jered Sturm of SNS Capital Group. Jered is a seasoned investor with over 1,300 units under his belt, and his journey from a maintenance tech to a multifamily mogul is truly inspiring. With a background in construction and property management, Jered has organically grown his business over the last 15 years, focusing on operational excellence and efficiency. In this episode, Jered dives into the tactical and operational side of asset management, construction, and property management in the multifamily industry. He shares insights on key performance indicators (KPIs) for maintenance techs and leasing agents, emphasizing the importance of aligning commissions with financial benefits. Jered also discusses the initial takeover process for multifamily assets and how the market changes have influenced asset management strategies in recent years. Here are some highlights from the episode: - How did Jered Sturm transition from single-family homes to multifamily and raise capital for his deals? - What are the key KPIs Jered Sturm focuses on for maintenance techs and leasing agents to drive operational success? - How does Jered Sturm approach the initial takeover process of a multifamily asset and ensure a unified approach within the team? - What advice does Jered Sturm give for bringing construction in-house and optimizing efficiency in the renovation process? - How has the asset management process changed for Jered Sturm's business in response to market shifts over the past few years? Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with Jered: Connect with him on LinkedIn Learn more about SNS Capital Group

Duration:00:52:02

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#228: Friday Feedback! Signing Commercial Debt With No Experience, Current Deal Sourcing Strategies, and The Tools/Resources We Use To Manage Our Business

4/19/2024
In this episode, I cover topics ranging from managing the infrastructure of our multifamily business to securing commercial loans without prior experience, and even touch on some creative acquisition strategies we're implementing. If you're curious about how we keep everything together behind the scenes, the strategies we use to secure commercial loans, or the innovative approaches we're taking to find distressed deals, this episode is for you. I'm excited to introduce this new format to the show, where I address specific questions from our listeners in a quick and informative manner. It's a great way to provide valuable insights on various multifamily topics in a short period of time. Topics Covered: - Managing Infrastructure: Learn about the tools and resources used to streamline the multifamily business operations, including Google Drive, monday.com, and Invest Next. - Securing Commercial Loans: Discover strategies for securing commercial loans as a new investor without prior experience in commercial real estate. - Creative Acquisition Strategies: Explore the approach of targeting distressed sellers in specific markets, such as Florida, to uncover potential multifamily deals. Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:13:13

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#227: Working For Grant Cardone, Raising $100M+, and The Argument AGAINST Syndicating Deals with Gabe Bowling

4/16/2024
What's going on, everybody? Welcome back to another episode here on the Multifamily Wealth Podcast. In this episode, I'm chatting with a young investor based in Tampa, Florida. Gabe Bowling is who I have on the show today. Gabe Bowling, a 26-year-old investor, is the founder of Bowling Capital and The Deal Room community. He has retained ownership of $45 million in real estate, including 309 units across Florida and Missouri. Gabe previously worked at Cardone Capital, where he raised $100 million and was involved in transactions ranging from $50 million to $750 million. In this episode, Gabe shares his journey from working at Cardone Capital to starting his own real estate business. We delve into the different paths to multifamily private equity, joint venturing vs. larger deals, and the challenges and opportunities in the Florida market. Gabe also discusses his approach to capital raising and building his business, providing valuable insights for aspiring real estate investors. Here are some highlights from the episode: - Gabe's transition from working at Cardone Capital to starting his own real estate business - The different roads to multifamily private equity and starting a multifamily private equity business - Joint venturing versus doing larger deals right off the bat - Challenges and opportunities in the Florida real estate market - Building a capital raising funnel and growing a real estate business Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with Gabe: Follow him on Instagram Learn more about Bowling Capital Check out The Deal Room

Duration:01:02:23

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#226: What We're Currently Seeing In The Market + A 2024 Q1 Update For Aligned Real Estate Partners

4/12/2024
Hey everyone! In this episode of the Multifamily Wealth Podcast, I dive into the current real estate market trends and share some exciting updates from our real estate business, Aligned Real Estate Partners. I discuss our recent deal activity, including closing 37 units in Q1 of 2024 and our projections for the rest of the year. I also touch on the evolving lending landscape and how it's impacting our deal flow. Key Points Covered: - Quarterly update on closed deals and upcoming acquisitions - Insights into the New England real estate market - Impact of tightening debt market on financing options - Success in creating value through property renovations - Notable win in a recent portfolio deal Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:13:31

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#225: The 3 Major Buckets of Owner Distress + How To Identify Them and Negotiate Better Deals!

4/2/2024
Are you missing out on the secrets of distressed multifamily properties? In this episode of the Multifamily Wealth Podcast, we delve into the three primary types of owner distress that could be affecting your next investment opportunity. Join us as we uncover the nuances of ownership distress, debt distress, and operational distress in the multifamily market. Learn how to identify the signs of distress and leverage them to negotiate better deals and secure profitable investments. Tune in for valuable insights on understanding seller motivation and maximizing your real estate portfolio. In this episode, we discuss: - What are the three primary types of owner distress in multifamily properties? - How can ownership distress manifest in multifamily properties? - What are some common signs of debt distress in multifamily properties? - How does operational distress impact the management of multifamily properties? - What are some key questions to ask brokers or sponsors to uncover the motivation behind selling a property? - How can understanding different types of distress help in negotiating and evaluating multifamily deals? - Why is it important to consider distress and motivation levels when analyzing potential multifamily investments? Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:13:23

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#224: 3 Actionable Productivity Tips For Multifamily Investors

3/29/2024
Are you tired of wasting time on repetitive tasks in your multifamily real estate business? In this episode of the Multifamily Wealth Podcast, we dive into three tactical productivity tips specifically designed for multifamily real estate investors. From creating an information depository to optimizing your email efficiency and utilizing email boomerang services, these tips will revolutionize how you operate your business. Tune in to discover how you can save time, streamline your processes, and take control of your productivity in the competitive world of multifamily investing. In this episode, we discuss: - How can multifamily real estate investors save time and energy by creating an information depository for their business? - How can investors become more efficient with email by using templates and text shortcuts? - How can recurring messages or scheduled messages help investors stay on top of important tasks and follow-ups? - What are the three tactical productivity tips specific to multifamily real estate investors shared in the podcast episode? - How can implementing these productivity tips help investors save time and have better control over their business operations? Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:10:45

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#223: The 3 Primary Skillsets Required To Successfully Invest In Multifamily Real Estate

3/22/2024
Are you ready to scale your multifamily real estate investments and carve out your competitive edge? Well, buckle up because our latest Multifamily Wealth Podcast episode is a game-changer that you simply can't afford to miss! In this solo episode, I dive deep into the three critical skill sets that every successful multifamily real estate investor must master. Whether you're just starting out or you're a seasoned pro looking to refine your strategy, this episode is tailored just for you. I'll guide you through which skill to develop first, how to identify your strengths, and the importance of partnering with the right people to complement your skill set. This isn't just about theory; it's about actionable insights that can lead to real growth and success. Episode Highlights: - Defining the three pillars of multifamily real estate investing - The most valuable skill to develop first and why - How to identify and complement your skill set with partners or hires - Strategies for becoming a top player in your market Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:10:00

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#222: How To Go "Upstream" And Solve The ACTUAL Problems In Your Multifamily Business

3/19/2024
Are you tired of constantly putting out fires in your real estate business? Do you find yourself dealing with the same issues over and over again? It's time to change your approach and start solving problems at their source. In our latest episode of the Multifamily Wealth Podcast, we dive deep into the concept of "going upstream" to tackle the root causes of challenges in your business, rather than the symptoms that keep you running in circles. Key topics we cover include: - The importance of identifying the root cause of business challenges - How making better hires or changing vendors can solve multiple issues - The benefits of buying better real estate deals - Strategies for managing properties more effectively - Practical tips for improving investor communication and property renovations Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:12:22

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#221: The Window To Buy Assets From Unsophisticated Owners Is Closing... Act Accordingly

3/15/2024
In this solo episode of the Multifamily Wealth Podcast, we dive into the shifting landscape of the multifamily real estate market. Join us as we explore the idea that the era of mom-and-pop-operated multifamily properties is drawing to a close. With the rise of education and resources, the market is becoming more efficient, and the opportunities to acquire mismanaged properties are diminishing. Here's a sneak peek of what we're unpacking: Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:07:33

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#220: Reasons To JV Smaller Deals vs. Syndicating, Partnerships, and Challenges of New Supply with David Toupin

3/12/2024
Get ready to supercharge your investment strategies because our latest episode is one you simply can't afford to miss. We're thrilled to welcome back David Toupin, an Austin-based real estate investor. David has an impressive track record of buying over a thousand units in his career, ranging from syndications to joint ventures. He is the founder of the Real Estate Lab, a software platform designed to streamline multifamily underwriting and organization. David's experience includes operating large and small assets, focusing on JV deals in the $3 to $10 million range. In this episode, we dive into why David has shifted from syndicating deals to primarily joint venturing smaller deals. We explore the advantages of JV structures for smaller deals, operational insights, and the importance of working with complementary partners. David shares his strategies for successful partnerships and scaling a multifamily portfolio efficiently. Additionally, we discuss the current market dynamics in Austin and the impact on real estate investments. In this episode we discuss: Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with David: Follow him on Instagram Check out Real Estate Lab Previous podcast episodes with David Toupin: Episode 141: Listen on Apple Podcasts (iTunes) Play on Spotify Episode 2: Listen on Apple Podcasts (iTunes) Play on Spotify

Duration:00:52:35

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#219: A Tactical Deep-Dive Into Seller Financing + The Importance Of Staying In Your Lane with Christian Osgood

2/20/2024
Are you ready to dive deep into the world of creative financing and seller financing strategies? Well, you're in luck because our latest episode of the Multifamily Wealth Podcast is a goldmine of information that you simply can't afford to miss! In this insightful episode of the Multifamily Wealth Podcast, we welcome back Christian Osgood, a seasoned expert in seller financing and creative financing strategies. Christian delves into the nuances of seller financing, sharing his approach to negotiating terms that solve seller problems and benefit investors. We discuss the importance of understanding a seller's motivation, the art of proposing seller financing, and how to structure deals for long-term success. We also explore the operational side of managing a rapidly growing multifamily portfolio, including the challenges and lessons learned from stepping out of your comfort zone and into new investment territories like resort management. Plus, don't miss the live deal analysis where Christian breaks down a recent 24-unit hotel-to-multifamily conversion, revealing the numbers, financing details, and a clever clause that made the deal work without initial mortgage payments. In this episode we discuss: Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with Christian: Follow him on Instagram Learn everything for free on their YouTube channel Take it to the next level with Multifamily Strategy Previous podcast episode with Christian Osgood (and Cody Davis) - Episode 117: Listen on Apple Podcasts (iTunes) Play on Spotify

Duration:00:47:17

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#218: The 9 Most FAQs I Receive From Prospective LPs Regarding Passively Investing in Real Estate

2/9/2024
Are you looking to dive into the world of passive investing in real estate syndications but have a ton of questions? Well, you're in luck! Our latest episode of the Multifamily Wealth Podcast is a treasure trove of insights just for you. In this special solo episode, I tackle the nine most frequently asked questions by prospective investors and LPs (Limited Partners). Whether you're a seasoned active investor or a curious LP, this episode is packed with valuable information to help you navigate the complex landscape of real estate syndications. Here's a sneak peek of what you'll discover: Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

Duration:00:19:31

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#217: How Investors Can Best Work With Appraisers + Diving Into The Appraisal Process with McLane Hill

2/6/2024
Welcome back to the Multifamily Wealth Podcast, where we dive deep into the intricacies of investing in multifamily properties. Today, we had the pleasure of speaking with McLane Hill, a seasoned multifamily appraiser from Boston, Massachusetts. McLane Hill is a multifamily-specific appraiser with extensive experience in the industry. After graduating from Trinity College in Connecticut, he began his career as a research analyst and has since worked on a wide range of appraisal assignments. Currently part of Cushman & Wakefield, McLane specializes in multifamily assets and provides valuable insights into the appraisal process. McLane shared his insights on how multifamily investors can best prepare for an appraisal, ensuring they present their property in the best light to maximize its appraised value. We discussed the importance of transparency and providing detailed data, such as rent rolls, historical financials, and a list of capital improvements. McLane emphasized that the more information an owner can provide, the less subjective the appraisal process becomes. In this episode we discuss: Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with McLane: Connect with him on LinkedIn Message him on his Email

Duration:00:41:23