The Multifamily Wealth Podcast

It's crazy how few investors use this metric! Listen to this episode if you want to quickly assess how good a prospective multifamily deal is.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.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

If you're unsure of how to underwrite deals or invest at this point in the cycle, give this episode a listen. We're implementing these changes in our business to help us conservatively invest amidst the current market uncertainty.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.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this week's solo episode, I share 5 steps you can take in your business over the next 30 days if you want to begin raising investor capital for your deals.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.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

I had a great conversation this week with Robert Ritzenthaler, President and CEO of REM Capital. Robert has an interesting story... growing up in the DFW area he was exposed to construction at an early age, as his dad ran a construction business. When he went to school, he studied finance and began his career on Wall Street. After the market crash in 2000, he got into commercial real estate and joined an NYC-based commercial real estate firm where he leveraged his experience in construction and finance to help grow the company's portfolio. He then decided to start his own firm, REM Capital, where he and his team have acquired over $300M in multifamily real estate.I wanted to focus this episode on operations and how Robert has vertically integrated management/construction into his business, despite investing in multiple different geographical locations. We also discuss how he is approaching underwriting given the volatility in the interest rate markets. Robert also shares what he describes as his superpower, which is relentlessly asking questions - he credits this trait to advancing in his career more quickly.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: How Robert became exposed to the construction businessWhat Robert learned from large organizations and how he used these insights to build his ownWe discuss the book "Traction" and how his team implements the strategies discussed in itRobert elaborates on how his diverse background gave him a competitive advantage in the RE businessWe learn how asking tons of questions and taking notes can rapidly grow your skills/careerRobert discussed how they operate and what types of deals they're looking atHow Robert built his business infrastructure given the geographical challenges they faceWe talk about how underwriting deals has become challenging and how he is looking at deals at this point in the cycleThe key to quickly growing a portfolio (and organization)The advice Robert would give his younger selfRobert talks about his most significant business-related failure and what he learned from themRobert discusses his vision for the next 6 to 12 months and gives tips to the audienceConnect with Robert:robert@remcapital.comConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this solo episode, I talk about how we no longer acquire properties with average rents under $1,000/unit. That said, I'm not saying that no investors should invest in deals with lower average rents, just sharing what we've learned in our business when doing these types of deals.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.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this week's episode, I'm bringing back Peter Lohmann, CEO of RL Property Management, based in Columbus, OH. Peter is a former engineer, expert systems/process builder, and one of the brightest minds in the property management industry. He is also really active on Twitter, where he shares loads of insights related to property management, asset management, and small business ownership.In this episode, I wanted to do a deep dive into operations - the multifamily investors who operate well throughout the next 12-24 months will be the ones who thrive amidst market uncertainty. We discuss the differences between asset management and property management, how to dial in your leasing process, and general tips for owners who want to get the most productivity out of their management company.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:-How Peter got into property management-We talk about starting a property management company-We discuss typical reasons why people are upset with their current management company-We learn how Peter arrived at his firm's pricing model (it's unique!)-Peter shares the traits that he believes separate great investors from average investors, based on his experience being a PM-We discuss the different parts of the leasing process (arguably the most important component of operations)-Peter talks about how investors can dial in their leasing process-We discuss the difference between self-managing properties and big property management company-We learn more about tenant retention and how to lengthen the stay of an average tenant - critical!CONNECT WITH PETERhttps://rlpmg.com/ https://twitter.com/pslohmann?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthorhttps://www.peterlohmann.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

Great episode this week with Jason Stubblefield, where we talk about how he overcame a tough upbringing, his background in the military, how he found real estate, and why he invests in affordable housing.In this episode, Jason discusses his first few single-family deals and why he decided to move into multifamily. We learn about his first deal, a 34-unit apartment complex, and the challenges Jason overcame in executing his business plan. Lastly, Jason shares why he and his partners invest in affordable/LIHTC properties and how he overcomes the challenges of owning these types of properties.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:-Jason talks about his background and his first few deals-We discuss the challenges that come with investing in single-family properties-We talk about Jason’s first deal: A 34-unit apartment complex-Jason elaborates further on the first deal and the challenges and lessons he learned from it-We talk about Jason’s experiences with mentorship and why learning from others is so critical-Jason shares how he was able to close his first deal (debt, capital, etc)-What Jason learned from raising capital on his first deal-We dive into affordable housing and why Jason and his partners focus on the asset class-Jason's thoughts on affordable housing and his philosophy behind it-Possible reasons for the lack of affordable housing-We talk about Jason’s experiences as a veteran and the skills he took to real estate-Jason’s piece of advice to himself before starting his real estate career-We discuss Jason’s most significant business-related failure and what to learn from it-We talk about a skill/trait that Jason attributes his success to-Jason shares his short-term goalsConnect with Jason:http://jasonstubblefield.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

This week we're joined by the charismatic Sterling White to share his incredible story, where he escaped a rough neighborhood and built a massive real estate business.We discuss what steps Sterling took to attain 150+ single-family rentals and 500+ units. We talk about dealing with adversity and maintaining resilience as you endure hardships in business and life. We also discuss working with partners, going direct to sellers to buy multifamily properties, and developing systems to streamline your business operations.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: -Sterling talks about his story, growing up in a rough neighborhood in Indiana, and how he discovered real estate-We talk about Sterling’s first few deals, as well as early partnership experiences-Sterling talks about how he built a portfolio of 150 SFRs in just a few years-Why Sterling decided to pivot to multifamily -Current strategies Sterling is implementing-We get Sterling’s take on raising capital and handling deals-Sterling talks about systems he uses for effective management-We learn how Sterling deals with adversity-What advice Sterling would give himself before starting his real estate career-We talk about Sterling’s significant business-related failure and what to learn from it-We discuss the skill & traits of Sterling to which he attributes his success from-Sterling’s goals in the next 6 - 12 monthsConnect with Sterling:https://sterlingwhiteofficial.com/https://www.youtube.com/c/SterlingWhiteRealEstateConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

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 modelConnect with Michaelhttps://www.instagram.com/mketchen/https://www.cc-rei.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

On today's show, I'm speaking with Michael Wayne, a young developer who is building multifamily properties throughout the Detroit metro. Most investors start their career in real estate by buying existing assets, whereas Michael and his partner jumped right into ground-up development!In this episode, we talk about how Michael was able to raise the capital to take down this project, how he learned the fundamentals of real estate development, and how investors can begin developing multifamily properties. Michael also gives the listeners a crash course on developing multifamily properties, where he discusses, zoning, entitlements, common pitfalls, timelines, etc - everything you'll need to know if you're looking to develop a firm understanding of real estate development.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:-Michael talks about his upbringing in Michigan, where he went to school, and his early career-We discuss Michael’s first deal and how he navigated the risks and challenges that come with ground-up development projects-We talk about a fundamental step: talking to the city and getting to know its processes and requirements-Michael talks about a deal that went awry in the suburbs of Detroit and the final processes of getting approval from the city-Michael and I discuss the construction process & the reasons behind the housing shortage-Michael shares how he was able to raise $1.8 million for his first development project-Michael and Axel talk about the risks associated with construction-Michael and Axel discuss key traits to look for in a good development site-We elaborate on the rules & regulations behind building & developing-Michael’s piece of advice to himself before starting his real estate career-We discuss Michael’s most significant business-related failure and what he learned from it-We dive into the specific skill & trait of Michael to which he attributes his success from-Michael’s goals in the next 6 - 12 monthsConnect with Michaelhttp://detroitriversidecapital.com/https://www.instagram.com/multi_fam_mike/michael@detroitriversidecapital.comConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners