The Multifamily Wealth Podcast

I enjoyed recording this episode with Zach Feldman, who has experience in various different asset classes, deal sizes, and deal structures. He describes his role as a VP of Development at Aptitude Development (one of the largest student housing development in the country) as his "day" job and buying small-midsized multifamily in numerous markets throughout the northeast as his "night" job.In this episode, we talk about the importance of focus, how investors can find where they can actually compete, and why partnering with other investors (who have complementary skillsets) is so important. Zach is in the unique position of seeing how both institutional and smaller investors approach the business - we learn how he applies the skills he's developing in his "day" job to more successfully invest personally. We also discuss how it's important to develop a familiarity with private equity deal structure even if you're doing smaller deals, this episode is packed with information!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 Zach:781-789-4354zf@aptitudere.comConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this week's solo episode, I talk about how you can start building off-market deal flow in under 30 days. Getting in front of sellers isn't rocket science, it just takes some prep work and a commitment to consistency. Listen in to learn how you can begin building out your direct-to-seller pipeline!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

Super excited to release this episode with Rod Khleif, one of the most prominent investors in the industry. Rod is well-known for losing over $50M in the real estate crash of 2008, pivoting to multifamily, and growing a sizeable portfolio of large multifamily assets.He is also one of the most notable speakers, educators, and podcasters in the multifamily industry. He hosts numerous boot camps throughout the country, where he teaches people how to break into multifamily real estate. Be sure to listen to this episode, as we drill into what holds a lot of people back from getting into multifamily (and from scaling their business)!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 Rod:https://rodkhleif.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this episode, I’m talking about 4 potential challenges you need to be aware of when closing multifamily deals. Oftentimes, investors don’t understand the magnitude of these problems until they’re in the middle of dealing with them... avoid that mistake!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

We have a great episode this week with Michael Garcia, a San Diego-based investor who is buying multifamily throughout Phoenix and Tucson, AZ. In his previous career, Michael worked in trading and developed a strong feel for the financial side of the business.We dive into Michael's first deal, a 12-unit in Oregon, and discuss how he dealt with the curveballs that were thrown his way. We talked about how Michael met his partner, how they are sourcing deals in the competitive AZ market, and how they are going above and beyond to win deals in today's market. If you are in multifamily or planning to get into multifamily, especially if you're competing in a hotter market, this one's for you!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.TIME STAMPS:04:26 - researching the model of multifamily, listening to podcasts, reading, “confidence breeds confidence”07:28 - We talk about Michael's first deal, a 12-unit in Oregon08:19 - We discuss how investors can move past the fear that prevents investors from doing early deals09:26 - We learn all about what Michael learned on his first deal12:50 - Michael and Axel talk about how competence breeds confidence and how important it is that investors understand their market and asset class15:46 - We talk about how important speed is when making offers on deals21:00 - We discuss scaling your business and taking down larger deals27:51 - We dive into capital raising and how Michael put together his first few deals in Phoenix36:00 - We learn more about Michael and his team is finding deals in the competitive AZ marketConnect with Michael:https://edgecapitalmf.com/michael@edgecapitalmf.comConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this week's solo episode, I'm discussing why great investors prioritize investing at the business level vs. the real estate level. A majority of the growth in my business has come once I started investing more $$ and resources into my actual business (hiring, marketing, tools, etc) instead of rolling all cash into more real estate.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 open up some old wounds and discuss the worst deal I've done since getting into the real estate business. This was a house flip I did 4+ years ago, however, the lessons I learned apply to all asset classes/segments of the real estate business.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 speaking with Sandhya Seshadri, a former electrical engineer who is now acquiring large multifamily in the competitive Dallas/Fort Worth market. Throughout this episode, we discuss what separates mediocre sponsors from great ones, the importance of effective operations, and what Sandhya learned from investing in another sponsor’s deal that went sideways. Additionally, we also talk about which assumptions within a model are actually driving projected return and what questions you should be asking your sponsors/potential partners. This is a great episode!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.TIMESTAMPS:8:50 - We discuss the importance of verifying the key expenses in your underwriting12:29 - Sandhya discusses how she vets sponsors15:27 - We learn what Sandhya believes is her skillset at the macro level and at the applied level16:25 - We discuss the 3 KPI’s you need to evaluate when looking at a deal from a high-level perspective18:55 - We learn about Sandhya's  best and worst deals and their highlights22:14 - The importance of getting to know your sponsors23:52 - Sandhya shares what separates her from other operatorsConnect with Sandhya:www.multifamily4you.comConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

Are you being told that you need to quickly invest your cash because every day you don't, it loses value?While that is technically true (no one is denying that we're operating in an inflationary market), there are few problems more significant than having minimal cash on hand when growing a real estate business. I'm actually selling properties and increasing my cash reserves right now... listen to hear why!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

A topic that isn’t widely discussed on real estate podcasts is insurance, despite it being a piece of the business that investors can’t afford to screw up! In this episode, I’m chatting with Jeremy Goodrich of Shine Insurance, one of the most well-known insurance brokers in the business.Before Shine, Jeremy was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Eventually, Jeremy decided to make the career change to insurance and decided to specialize in working with multifamily investors. In this episode, we discuss the role of an insurance broker, common mistakes investors make in finding insurance, and what you need to include in your policies. We also talk about how you can build your team of service providers, which is a critical process for real estate 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 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.Timestamps:0:03:42 - Jeremy shares his background, how he got into real estate, and what he’s up to now.0:05:44 - Jeremy’s background as a schoolteacher and how it applies to the insurance world0:08:54 - Jeremy talks about the role of an insurance broker and the value they bring to an investor0:12:16 - We learn how insurance brokers are compensated0:16:28 - The mistakes that Jeremy often sees real estate investors make as it relates to insurance 0:24:07 - Jeremy discusses other things that multifamily investors should keep in mind when building out a policy0:28:14 - We learn about Shine’s tool designed to assist investors with generating ballpark quotes for what their insurance might be on a given asset0:34:33 - Jeremy’s most significant business failure and what he has learned from it0:35:49 - Jeremy shares the best decision he’s made in his career so far0:36:51 - We hear what skill or trait Jeremy attributes his success to0:37:57 - We learn about Jeremy’s short terms goalsConnect with Jeremy:Shine insurance website: https://www.shineinsurance.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners