The Multifamily Wealth Podcast

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

Excited to release this week’s episode with Eric Schmid, a young investor based in Minneapolis, MN. At the young age of 25, Eric and his partners have amassed a portfolio of over 80 units (with another 42 under contract)!Similar to a lot of investors, Eric entered the world of real estate by buying a duplex and since then, has been able to grow a sizable portfolio by focusing on direct-to-seller marketing and creative financing. In today's episode, we discuss Eric's strategies to personally connect with sellers, how to dial in your direct-to-seller marketing efforts, and how you can bring less cash to closing. He also shares what he has learned while scaling his portfolio, as it relates to asset management and working with property managers. Eric was able to grow his portfolio in a short amount of time using these strategies - tune 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 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.Highlights of the Episode:0:02:58 - Eric talks about his background and how he started in real estate.0:04:50 - Eric talks about his partners and what the business looks like today.0:07:10 - We learn more about each partner’s role and what makes their partnership successful.0:09:31 - Eric shares what he focused on to grow a portfolio of what is soon to be nearly 120 units in just a couple of years.0:19:35 - We discuss the technology and infrastructure Eric uses to consistently contact sellers.0:25:50 - We learn more about how Eric and his partners finance their deals.0:26:51 - Eric talks about seller credits and seller carrybacks.0:30:23 - Eric shares what they do to manage their assets and properties and what they learned from working with property managers.0:35:36 - Eric shares one piece of advice he would give himself before starting his real estate business.0:38:04 - Eric shares his most significant business-related failure and what he's learned from it.0:40:55 - Eric shares one skill or trait he attributes his success to.0:42:35 - Adam talks about his short-term goals.Connect with ERIC SCHMID:Instagram: https://www.instagram.com/ericschmid/?hl=enConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this week's episode, I'll be talking to Adam Balsinger of the Investor Boardroom - Adam is an experienced house flipper, wholesaler, and multifamily investor who has raised millions of investor capital.In 2012, Adam began his career in real estate by flipping and wholesaling single-family homes. Eventually, he decided to get into multifamily and began raising capital from investors. In this episode, we talk about running a business with intention, working with property managers, challenges to expect when scaling your portfolio, and the blueprint for how you can become a magnet for private capital. Adam has built a portfolio of 330 units using these strategies - give it a listen!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:0:00:13 - Axel introduces guest Adam Balsinger. 0:04:16 - Adam shares how he started in real estate and what his business looks like now.0:08:17 - Adam discusses the steps he took to scale his business.0:10:50 - We discuss property managers and why they are so important.0:13:19 - Adam discusses his experience with property managers and what he has learned from them.0:18:46 - Adam shares some of the challenges he faced when building his portfolio.0:24:28 - Two lessons Adam learned from large deals: It's never too early to start raising capital and you always need to be raising capital.0:32:35 - Adam talks about how his business has evolved as it relates to raising capital0:39:41 - Adam answers "How do you become a magnet for private capital?"0:51:30 - Adam's thoughts on building a business with intention.0:55:16 - One piece of advice Adam would give himself before starting his real estate career.0:56:24 - Adam shares his most significant business failure and what he's learned from it.0:58:27 - Adam shares a trait that he attributes his success to.1:00:43 - Adam talks about his short-term goals.Connect with Adam:https://www.linkedin.com/in/adambalsingerhttps://www.instagram.com/realestateadam7/?hl=enhttps://investorboardroom.com/https://www.youtube.com/channel/UC1YwkHlELY8iTbd9UcWVFaAConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

Are you training yourself to think in longer time periods? Stop focusing on the results you see on a week-to-week basis - think about the actions required on a daily basis to drive results in 2, 3, 5, and 10+ years. I've been personally focusing on this and running my business has become significantly less stressful!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