Accelerated Real Estate Investor 325: Mike Woodfield on Getting in Front of the Growth in Gateway Markets
As the old saying goes, “The early bird catches the worm.” And if you’re a real estate investor focused on emerging and gateway markets, today’s guest will tell you that the best way to land those deals at the best price is to get in front of the growth.
Mike Woodfield is a partner and COO of Obsidian Capital, focusing on value-add multifamily properties to achieve stability and long-term rental and value appreciation.
His first business venture was as a partner at Solstys Environmental, where he helped grow the company from $340K in annual revenue to over $2.2M in just under 1.5 years. Currently, he oversees a portfolio with over $300M in assets under management, with more on the way.
In our conversation, you’ll hear Mike’s thoughts on why the rental markets should still see incredible growth in the short term and why his company focused on the suburbs in the Austin, TX, area. He’ll also share strategies that he uses to get the inside scoop on where new development and growth opportunities can be found in almost any market.
Key Takeaways with Mike Woodfield
- How Mike’s company was fortunate in timing the market in Austin TX.
- The importance of getting in front of the growth, especially in suburbs of emerging markets.
- Why Mike sees continued rental growth despite the issues with the housing market and new developments.
- Tips and strategies for finding where growth and development is coming up in any market.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/325
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