The Multifamily Wealth Podcast #104: Former Teacher Quickly Grows a $35M+ Multifamily Portfolio + Unique Asset Management Strategies with Michael Ketchen
This week, we have a repeat guest! Michael Ketchen (episode #3), joins the show to discuss how he built a $35M+ multifamily portfolio, very quickly, by leveraging the BRRRR strategy. Mike is a former teacher with an incredible story... he, his partner Matt, and his wife Hannah are a true representation of the American Dream. In this episode, we discuss creating value through operations, buying great multifamily deals, and buying luxury Airbnbs.
Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.
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 partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.
Show notes:
-Mike discusses his background as a teacher/dean of students, and how he found real estate
-We discuss Mike's first deal and how he leveraged the BRRRR model
- We discuss interest rates, property values, buying criteria, and all the anxiety in the marketplace
-Mike and Axel discuss the unique asset management and operational strategy that Mike and his team leverage to create value and gain an edge over competitors
-We share our tips about mitigating risks & implementing renovations in properties
-Michael and Axel discuss the reasons behind the housing shortage
-Michael and Axel continue to discuss asset management
-We talk about the risks, performance, and further goals of Mike's Airbnb strategy
-The potential of turning apartments into Airbnbs and comparisons to the multifamily model
Connect with Michael
https://www.instagram.com/mketchen/
Connect with Axel:
Follow him on Instagram
Connect with him on Linkedin
Learn more about Aligned Real Estate Partners