The Multifamily Wealth Podcast #100B: Finding Off-Market Deals, Creative Deal Structures, Delegation, and Growing a Multifamily Portfolio with Axel Ragnarsson
For the 100th episode on the pod, I wanted to do something a bit different. In this episode, I'm interviewed by a friend of mine, Ryan Weiss, about how I've built my business over the last 6+ years. We talk about how I got into real estate, the importance of building momentum when starting a business, how I quickly built a portfolio, and why we began raising investor capital.
We touch on both the tactics and strategies I've used to grow the business, such as consistently finding off-market deals, leveraging private capital, and why it's so critical to embrace delegation early. We also discuss the current state of the market and how we're changing our strategy as we handle changes in interest rates, pricing, and buyer demand.
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:
-Axel discusses his early side hustles and how he got into real estate
-We learn more about Axel's first deal and how he began scaling his business
-Axel dives into how his business grew from 2016-2020 and how he pivoted when the pandemic hit
-Axel shares how he broke into the central Florida market and how he structured deals with investors
-We discuss Axel's first deal in FL, a 16-unit multifamily property
-Ryan and Axel discuss how handling and coordinating multiple deals at the same time can become challenging
-Ryan & Axel talk about finding deals off-market via Craigslist and working with partners
-We talk about Aligned Real Estate Partners, operations, and how Axel is growing his team
-Why you should hire a virtual assistant!
-Ryan asks Axel about his 'why' and the motivation behind growing a business
-Axel shares a piece of advice he'd give himself before starting his real estate career
-We learn about Axel’s most significant business-related failure and what he learned from it
-We learn why you need to be ready and willing to take risks if you want to grow
-Axel shares his 6-12 month goals and how he's operating his business amidst all of the current market uncertainty
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Learn more about Aligned Real Estate Partners