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The Multifamily Wealth Podcast

Latest episodes

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Jul 14, 2023 • 10min

#166: Underwriting Multifamily Real Estate Should be Broken Down Into These Two Categories

In this episode, we delve into the world of multifamily real estate underwriting and explore why it's crucial to break it down into two key categories. We uncover the importance of analyzing financial metrics and market conditions when underwriting multifamily properties. Discover the strategies and tools that can help you make informed investment decisions and maximize returns in this dynamic sector. Whether you're a seasoned investor or just getting started, this episode is a must-listen for anyone interested in multifamily real estate underwriting.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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel:- Follow him on Instagram: @multifamilywealth- Connect with him on LinkedIn: https://www.linkedin.com/in/axelragnarsson/- Learn more about Aligned Real Estate Partners: https://alignedrep.com/investor-application/
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Jul 4, 2023 • 48min

#165: Succeeding As A Young Multifamily Broker, How Investors Can Build Relationships with Brokers, and And The Case For LA Multifamily with Taylor Avakian

Joining us this week is Taylor Avakian, a Los Angeles-based broker specializing in the multifamily sector. Taylor's expertise lies in building his funnel, cold outreach, sourcing opportunities, and delivering exceptional service to his clients. With a unique perspective, he identifies hidden gems that most brokers miss, guiding clients toward smart investments and helping them avoid costly mistakes. We also discuss why investors should consider investing in supply-constrained markets (like LA) - a contrarian POV compared to the national commentary around market selection.Key points from the episode: Welcome to the podcast 00:00 - 3:18 Taylor's journey into the brokerage world 3:18 - 11:10 His first year in the business 11:10 - 21:40 How the brokerage commission works 21:40 - 24:25 Ways to grow your business 24:25 - 28:12 Qualities of a good client for a broker 28:12 - 32:07 Expectations for feedback 32:07 - 35:43 Taylor's business activities 35:43 - 41:42 Reasons to invest in Los Angeles 41:42 - 47:22 Ways to contact Taylor 47:22 - 48:31Struggling 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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel: Follow him on Instagram Connect with him on Linkedin Learn more about Aligned Real Estate PartnersConnect with today's guest:Connect with him on LinkedInCheck out his websiteFollow him on InstagramFollow him on Twitter
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Jun 30, 2023 • 12min

#164: The Holy Grail of Real Estate Investing... and How To Achieve it

In this episode, we delve into The Holy Grail of real estate investing, something every investor should strive to achieve. Discover how to leverage market inefficiencies, such as investing in undervalued geographical markets or emerging asset classes. Recognize when things feel easy in the market and seize those moments to maximize your investments. Don't miss out on these opportunities. Stay tuned for more valuable insights, and don't forget to subscribe and leave a review! 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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Learn more about Aligned Real Estate Partners 
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Jun 27, 2023 • 39min

#163: How Cost Segregation Can Wipe Out Your Tax Bill + The Power of Being Classified As A "Real Estate Professional" with Yonah Weiss

In this episode, I sit down with Yonah Weiss, a dedicated teacher and passionate advocate for financial success. Growing up in a family where education was considered a valuable legacy, Yonah discovered his calling to teach at a young age.  With over a decade of professional teaching experience, Yonah's commitment to education extends far beyond the classroom. He strives to help people save significant amounts of money on income taxes and make wise investments in real estate.  As a recognized expert in the field, Yonah has assisted hundreds of real estate investors in saving tens of millions of dollars in income tax through Cost Segregation with Madison SPECS. His expertise has earned him invitations to be a guest on over 300 top real estate podcasts, where he shares valuable insights and strategies.Key points from the episode: 1. Yonah's journey into real estate 00:00 - 3:42 2. Definition of cost segregation 3:42 - 7:30  3. Importance of bonus depreciation 7:30 - 12:30 4. Cost segregation study 12:30 - 18:58 5. Real Estate Professional Status 18:58 - 25:31  6. Depreciation loses 25:31 - 27:00 7.  Cost Segregation Study Process 27:00 - 35:05 8. Ways to contact Yonah 35:05 - 36:03 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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Learn more about Aligned Real Estate Partners Connect with today's guest:Follow him on LinkedInVisit his WebsiteFollow him on InstagramFollow him on Twitter
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Jun 23, 2023 • 9min

#162: If You're Skeptical About Spending $$ On Direct-To-Seller Marketing, Listen To This Episode.. The Stakes Are Too High Not To

In this episode, we discuss the power of direct-to-seller marketing and prospecting in finding multifamily deals. Many investors may hesitate to start marketing to sellers or prospecting within the multifamily business due to limiting beliefs and misconceptions. However, I highlight how direct mail, cold calling, and cold emailing can effectively find deals and provide examples of their success. I also discuss this approach's potential benefits and challenges and emphasize controlling one's deal flow. This episode provides valuable insights and strategies for seasoned multifamily investors and those just starting out. 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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Learn more about Aligned Real Estate Partners 
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Jun 20, 2023 • 47min

#161: Organically Building a Portfolio of Small Rental Properties + Writing the "Real Life Rentals" Blog with Kyle McCorkel

In this episode, I had the pleasure of interviewing Kyle McCorkle, a successful Pennsylvania-based real estate investor, and blogger. We discussed a range of topics, including Kyle's experience with flipping properties, working with private money lenders, and building successful partnerships in the industry. Kyle shared tactical advice for those looking to start building their real estate portfolio, including how to structure partnerships, find private lenders, and define the value of work within the partnership. Overall, it was an informative and engaging conversation full of valuable insights for anyone looking to grow their real estate business.1. Kyle McCorkle is an active investor who has built a portfolio consisting of small multifamily properties and is also an active house flipper. 2. Kyle talks about why he still flips properties, what he looks for in a rental property, and how he works with private money lenders. 3. Kyle is behind the Real Life Rentals Blog, which he has written for six years. 4. Kyle shares the benefits of starting a blog and how it can help investors grow their businesses. 5. The speaker discusses how to work with private money lenders and provides tactical advice for those who have never raised private money. 6. They mention different types of private loans, like personal loans for renovations and first and second-mortgage lending on a piece of property. 7. The speaker also raises concerns about security and guarantees for private money lenders and how they are secured. 8. The speaker shares their approach to defining the value of work in partnerships, especially in the real estate business, where partnerships often fail due to partners feeling unfairly compensated for their contributions. 9. They advise against partnering with friends solely for convenience and suggest structuring partnerships like vendor relationships to avoid dissension. 10. The speaker emphasizes that sharing your story online can open you to more potential collaborators, deals, money, contacts, vendors, etc.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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Learn more about Aligned Real Estate Partners Connect with today's guest:Follow him on LinkedInVisit his WebsiteRead his Informative Blog Posts
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Jun 16, 2023 • 18min

#160: How Investors Should Think About Underwriting Exit Cap Rates + What We Use In Our Business

In this solo episode, we'll discuss the key factors to consider when underwriting exit cap rates for multifamily properties. It's crucial to look beyond the current market cap rates, as a higher cap rate per year of hold can help mitigate downside risks. I'll be sharing my personal approach to this strategy and discussing the impact of different macroeconomic factors and supply on cap rates. We'll also touch on the importance of finding quality markets and the potential for outsized returns in real estate investing. Let's dive in. 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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Learn more about Aligned Real Estate Partners 
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Jun 13, 2023 • 54min

#159: Using Direct Mail To Buy Hundreds (Soon To Be Thousands) of Units And Why Selling Properties Is Wise With Ryan Corcoran

Ryan Corcoran, a multifamily investor and marketing expert, shares his successful strategies for using direct mail to acquire hundreds of units. He discusses the benefits of being transactional, the importance of selling properties, and his direct mail strategy. He also touches on his development game plan, the advantages of direct mail, and how his underwriting criteria changed. If you want to unlock the potential of direct mail campaigns and maximize profits, this episode is a must-listen.
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Jun 9, 2023 • 15min

#158: Why The Phrase "If You Find a Good Deal, Money Will Find You" is Total BS

In this episode, I'm discussing a common misconception in the real estate industry - the idea that if you find a great deal, the money will automatically come to you.  While finding a good deal is important, it's not enough to secure funding. Investors need to know and trust the individual proposing the deal, and it's up to us as sellers to establish credibility and build a network of investors.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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel:Follow him on InstagramConnect with him on LinkedInLearn more about Aligned Real Estate Partners
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Jun 6, 2023 • 46min

#157: Scaling to 5,000 Units, Managing $1.5 BILLION In Equity, and Discussing Risk Management with Michael Episcope

In this episode, I sit down with Michael Episcope, the founder of Origin Investments, a real estate investment firm with $1.5 billion in equity under management. Michael shares with me the story of how he went from a commodities trader to founding one of the top 1% of private real estate North America-focused fund managers.We dive into Origin's investment strategies, their focus on risk management, and how they have weathered the storm of a difficult year for multifamily properties. Get ready to learn from a seasoned professional on this episode of Multifamily Wealth! Key points from the episode:  1. Origin Investments' growth and current size  2. The importance of people in the real estate business  3. Strategies for avoiding strategy drift 4. The company's focus on protecting and growing investors' wealth  5. Origin's investment management team ranking  6. Managing people in real estate  7. Michael Episcope's background and motivation for starting Origin  8. The company's approach to multi-family real estate investing  9. The company's investment strategy evolution from buy-fix-sell to buy-fix-hold  10. Marketing and investor relations strategy, including content marketing and educationStruggling 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 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.Join Here: https://alignedrep.com/investor-application/Connect with Axel: Follow him on Instagram Connect with him on LinkedIn Learn more about Aligned Real Estate Partners Connect with Rob: Connect with him on LinkedIn Learn more about DeRosa Group: 

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