The Multifamily Wealth Podcast

This episode with Jorge Contreras is a great show for those who are looking to start using the short-term rental model, regardless of whether or not you currently own property! In this episode, we talk about how Jorge was able to DOUBLE the income he was making on his triplex by listing the units on Airbnb and how he has grown his business using the “subleasing” model. Jorge shares exactly how to identify an area or neighborhood that will thrive on Airbnb, how to pitch the subleasing model to landlords and property managers, and how to underwrite a potential Airbnb property. Great episode!Jorge Contreras, owner of Multiple 6-Figure Airbnb Businesses and Founder of The R.E.A.L. System enjoys sharing the TOP tips, strategies, and ideas that will help you generate passive income through Airbnb, WITHOUT owning 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:4:00 Jorge shares how he got started in real estate and how he shifted his business to Airbnb. 6:30 We discuss the differences between traditional leasing vs leasing on Airbnb and how it can double your income.9:21 Jorge discusses what subleasing is and how it can be implemented in your business to multiply income. 12:05 Jorge shares the process of subleasing and his criteria for acquisitions.17:50 We discuss how Jorge chooses locations for Airbnb subleases and how he projects vacancy, income, and other important metrics. 24:27 Jorge shares the impact a short-term property management group has on an Airbnb property and why your property needs somebody available at all times. 30:00 We discuss the steps of putting your property on Airbnb and what you should look for before listing it. 31:04 Jorge shares what adds value to an Airbnb and how certain amenities add to the consumer experience. 37:26 Jorge discusses his biggest business-related failure.38:50 We discuss Jorge’s short-term goals regarding syndicating and subleasing. 40:40 Jorge shares what he would change if he was starting his businesses over again.CONNECT WITH JORGE:https://www.linkedin.com/in/thejorgecontreras/https://www.instagram.com/thejorgecontreras/?hl=enConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this week’s episode with Stace Caseria, we discuss how real estate investors can establish credibility and trust in the market (and why this should be a focus to all investors, regardless of their size)! We talk about Stace’s “Trust Dynamic” which is a must-listen if you want to quickly understand what you need to focus on when building trust in the market. Stace is one of the foremost authorities in building brands that create customer loyalty - you may not think this has an immediate correlation with real estate, however, Stace would argue the opposite!Stace is the founder of Trust Deep Branding Agency and an award-winning writer and branding expert with 20 years of experience. He focuses on creating long-term loyalty between businesses and individuals built on deep trust. He got his start at MAD Magazine and has created communication content and strategy for brands like Realty, Mogul, Bose, Delta Air Lines, Panasonic, Vail Resorts, and others. He’s been investing in real estate for more than 20 years and is currently both an active and passive investor.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:3:30 Stace shares his background in advertising and how he got into real estate. 7:20 We discuss why branding is important in the real estate field and how branding provides an opportunity to convey your business’ purpose, build trust, and stand out in the marketplace.10:10 Stace shares how real estate businesses can differentiate themselves from the rest.16:10 We discuss why it's important to view real estate businesses as “service” businesses.20:20 Stace shares how to build trust with your tenants and customers to create credibility. 24:30 We discuss how your communication shows what you value and prioritize. 26:55 Stace shares the “Trust Dynamic” and how implementing his four factors benefit your business. 29:50 We discuss the importance of having a mission and purpose and how it can create credibility and vision.37:47 Stace shares his biggest business-related failure and why time is so valuable.40:40 Stace discusses what he would do differently if he started his business over again. 42:00 We discuss what Stace is looking to achieve in the future of his business.CONNECT WITH STACE:https://www.linkedin.com/in/stace/https://www.trustdeepagency.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

This episode with Zach Hoereth is a must-listen for investors operating at all levels, we get into topics like taking down your first deal, balancing investing with being a broker, and the power of building long term relationships with sellers and other folks in your market. For the younger investors out there - we talk about how your age is actually an advantage when getting into the market and taking down deals (rather than the opposite)!  Zach is a broker and real estate investor based in Indianapolis, IN, and began his road to investing with single-family properties, later snowballing into just over 35 units in 4 years. 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:2:54 Zach discusses how he worked his way into the real estate business while attending college in Florida.5:31 We discuss what Zach learned when he was initially working in the real estate business.9:15 Zach shares how he started finding deals and started to grow his business in Indianapolis.13:00 We talk about Zach's deal, how he closed his first multi-family property, and the experience that came with it. 18:40 Zach shares what his portfolio looks like now and how it's managed. 21:46 We discuss how Zach structures his deals and why it is so important to choose who you work with.29:35 Zach shares how he finds deals in his market and how he uses his age as an advantage.36:00 We discuss how relationships are when growing deal flow and scaling your business.39:30 We talk about investing at a young age, and why confidence and education are key to gain momentum and traction. 44:00 Zach shares the advice he would give himself before closing his first deal.45:42 We discuss what qualities Zach attributes his success to.46:48 Zach shares his short term goals.   CONNECT WITH ZACH  https://www.linkedin.com/in/zach-hoereth-874896104/ https://www.instagram.com/zach.hoereth/?hl=en zach@zachhoereth.com Connect with Axel: Follow him on 

If you live in an expensive market, this episode with Ricky Beliveau is a must-listen. Ricky shares how he used FHA loans to get started in the business and how it eventually built a large development business and buy and hold a portfolio in Boston, MA. We talk about the importance of building "deal flow" vs. just finding deals, why relationships are so important, and how social media helped to grow his business. This is a great episode regardless if you're in the development business - we talk about core ideas that are constants across all niches/asset classes in 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.Show Notes:4:00 Ricky shares his background before becoming an investor, and how he got into real estate. 8:10 We discuss how Ricky used FHA loans early in his career.9:30 Ricky shares how he moved from having a few properties to building a business. 14:30 We discuss Ricky’s current investing method and what the core of his business is. 19:00 Ricky discusses what his acquisition process looks like and how he finds deals off-market. 22:00 We discuss why networking and looking for opportunities are critical aspects of growing a business.  25:00 We explain how the money will follow a deal and why it is essential to not chase deals, but rather create deal flow. 33:00 Ricky explains why it is better to focus on one area to become an expert in.35:30 We discuss why social media is beneficial for businesses and how it can build traction. 41:52 Ricky shares his biggest business-related failure. 45:50 We discuss what Ricky would do differently if he was starting his businesses over again. 48:27 Ricky shares his short-term goals in his development business.CONNECT WITH RICKY:https://www.linkedin.com/in/richard-beliveau-b078385/http://www.volnaycapital.com/https://www.instagram.com/volnaycapital/?hl=enConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

Great show this week with Lee Yoder for investors both large and small - we learn how Lee was able to transition from a career in physical therapy to replace his income in a short period of time with multifamily real estate. Lee talks about how he found great deals on Loopnet (most people say you can’t!) and what he learned in the turnaround process, such as managing the rehab, implementing better management, and much more. Lee also talks about why the syndication model may not make sense for a lot of investors… so if you’re someone who wants to grow your portfolio but doesn’t want to focus on raising capital, you’ll want to 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.Show Notes:3:35 Lee shares his background as a physical therapist and how he got into real estate.7:32 We discuss the differences between working in the corporate world vs. owning a business and we learn the challenges Lee faced when leaving his job. 10:39 Lee shares the details regarding his first flip.13:30 We discuss Lee’s favorite aspects of real estate16:48 Lee talks about how he learned to underwrite deals and how he began acquiring larger multifamily properties. 21:15 We discuss how Lee financed one of his larger deals and what he learned after he closed and began executing his business plan.29:58 Lee shares what he is currently focusing on in his business. 35:00 We discuss why Lee is focusing on larger multifamily properties and why there is more competition relative to smaller properties. 39:00 Lee gives tips to investors looking to scale their businesses and acquire larger properties. 43:53 Lee shares his biggest business-related failure and what he learned from it.46:10 We discuss how networking is essential in real estate and why it can help you grow. 47:30 Lee discusses his short-term goals.CONNECT WITH LEE:https://www.linkedin.com/in/lee-yoder-25793215a/https://threefoldrei.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

This episode with Levi Allen is a fun one - we discuss how he grew up on a farm and transitioned into the real estate business. There is a lot of great content in this episode about raising capital, pitching investors, and building deal flow with brokers. Levi is crushing it in the multifamily sector - give this episode a listen!Levi grew up in Eastern Oregon on a Potato Farm and Cattle ranch. His parents still own and run Allen Farms and Allen Ranches, consisting of over 15,000 acres. After falling in love with real estate and third-party management Levi’s eyes were opened to scalability and working with partners and investors. He sold his cows and bought an 8-unit apartment community. From that day he was hooked on the business. Levi sold the rest of his land to buy 10 units in Utah and as of 2019, he now controls a portfolio worth over $35 million.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:3:00 Levi shares his background growing up on a farm and how he wanted to branch off, selling his cattle. We also learn how Levi learned about real estate. 6:23 We discuss Levi’s first deal, how he financed it, and how he subsequently took down a ten-unit deal, which eventually led to syndication.10:20 Levi shares why he went straight into an 8-unit deal, rather than starting smaller. 12:50 We learn about Levi’s first large 100+ unit deal.16:14 Levi discusses how raising money is a “win-win” situation19:50 We learn how Levi is finding investors who are flexible and want their money invested for multiple years. 23:10 Levi shares how he split the workload with his partner to achieve maximum efficiency.26:25 We learn how Levi built deal flow with brokers and overcame the competitiveness of the market. 34:00 Levi gives tips on how to start acquiring larger deals and how you should let investors know how you are helping them. 37:56 We discuss Levi’s biggest business-related failure and how he overcame it. 39:40 Levi shares his short-term goals. 41:30 We discuss why Levi would have joined a mastermind program if he started his business again.Best quotes:“Raising capital is a win-win, everybody should benefit from the acquisition.”“People should invest their money so the bank doesn’t use it to their advantage in a savings account. “Don’t chase money… let it chase you.”CONNECT WITH LEVI:https://www.linkedin.com/in/levi-allen-607ba5155/http://wealthcreationmgmt.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLear

This episode with AJ Ramler is one of my favorite ones I’ve done so far on the podcast... we learn how AJ started his real estate career by house hacking a 6-unit property (cool story!) to owning a portfolio of 200+ units in Dallas, TX. We talk about how buying in markets where long-term equity appreciation is critical if you truly want to build wealth with real estate and why markets like Dallas are great to invest in. AJ has organically built his portfolio and is not a “syndicator” - I think this episode will resonate with people who are looking to learn how they can build a portfolio of small, medium, and large multifamily 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:4:23 AJ shares how he got into real estate and started off his career with a four-plex that transitioned into a 6-unit property that he house-hacked. 7:35 We discuss how AJ added units to his property and the struggles that came with it.11:21 AJ discusses how he financed his early deals with a local bank and ended up refinancing.13:51 We discuss how AJ partnered with his dad and others to purchase a 63-unit affordable housing property. 17:16 AJ shares how he finds his properties in the Dallas market. 23:29 We talk about how AJ found financing and how there are lending limits when getting into larger properties. 29:16 AJ shares that when approaching a lender with a deal, it should be a negotiation, not a “Yes,” or “No” answer.30:52 We discuss why AJ self-manages and why he regrets not hiring a PM early on. 35:03 AJ shares what his team looks like and the role they play in his company. We also discuss the challenges of outsourcing different roles in your business. 39:25 AJ gives tips on how to elevate your business to the next level45:34 AJ shares his biggest business failure and what it resulted in.46:41 We discuss what AJ would do differently if starting his business again.CONNECT WITH AJ:https://www.proxypropertymgmt.com/https://www.instagram.com/ajramler/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this episode of The Multifamily Wealth Podcast, I dive into the acquisitions piece of the multifamily syndication business with John Okocha of the Elevate Commercial Investment Group. John is the Vice President of Acquisitions at Elevate CIG and we learn about his background in single-family investing and how he transitioned his career into the multifamily sector. John shares some great tips as it relates to building relationships with brokers, quickly underwriting deals, as well as finding partners to work with!Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly.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:3:20 John shares his background and how he got into real estate so early in his career. 5:55 We discuss what John learned early on as he scaled his real estate business.8:17 John shares the differences in acquiring single-family properties vs. larger, multifamily assets.10:35 We discuss how John uses the 1% rule when quickly underwriting deals (even in large multifamily) and why average rent is important. 13:40 John shares how he uses LoopNet to build relationships with brokers.16:43 We learn why paying attention to brokers and making them your friend is the best way to gain access to the deals. 22:19 John shares his day-to-day role in his business and what he does when he finds a property with his team.25:18 We learn why surrounding yourself with people that have achieved your goals is essential to be successful.28:18 John shares the tools he uses to track conversations and elevate his business as a whole.31:53 John shares his biggest business-related failure and how he turned it into a learning experience. 32:17 We discuss John’s short-term goals for the next year.CONNECT WITH JOHN:https://www.linkedin.com/in/john-okocha-0132a55a/https://www.elevatecig.com/https://www.instagram.com/johnnyequity/?hl=enConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

This episode with Devin Elder is a must-listen if you are looking to start raising money, working with partners, or are looking to get into larger deals! Devin explains the business in a very simple and straightforward way and shares what he has learned over his years of experience in the real estate industry. This is a great episode whether or not you’re currently working on larger deals... we talk about concepts that apply to every level of investing such as investing out of state, how to choose the right partners/vendors, and the difference between raising debt and equity. You won’t want to miss this episode!Devin Elder is a principal in 2,000+ units of multifamily properties. He is the Principal of DJE Texas Management Group which acquires, redevelops, and manages single-family and multifamily investments in San Antonio, Texas.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:3:30 Devin shares his background in music and how he shifted his focus to real estate after working in the corporate world. 8:26 We discuss Devin’s first real estate and how he 10x’ed the process. 14:45 Devin talks about how small investors can get into multifamily deals. 19:49 We discuss the changes of working at a higher, larger-scale level. Also, we talk about how finding larger 100+ unit deals can be easier since most are through brokers. 26:57 Devin shares tips to scale quickly and take on larger deals. 31:50 We summarize the steps you need to take before talking to brokers. 35:13 We discuss the differences between equity structuring and private money. We also talk about who to raise capital from and why it is important.42:04 Devin shares why working with partners is beneficial and how to find partners.47:25 We discuss Devin’s biggest business-related failure. 52:28 Devin shares what he would do differently if he was starting his business again.CONNECT WITH DEVIN:https://www.linkedin.com/in/devinelder/https://djetexas.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

This is a great episode for those looking to build a rental portfolio in a higher-priced market! Willie Mandrell shares how he used numerous financing strategies to acquire properties in the Boston, MA area, and how the listeners can develop a strategy that will allow them to scale in an area with higher price points. We also discuss why it is important to be well-known in your market and how it relates to finding deals and building relationships with lenders.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:2:30 Willie shares how he got into real estate and how he purchased his first deal. 8:45 We discuss how Willie built a strategy and expanded his portfolio after his first FHA deal. 13:50 Willie talks about how relationships with banks and lenders are essential in getting the best financing.15:12 We discuss why asking questions is critical to success in real estate. 18:40 Willie shares how he finds and structures deals. Also, we talk about what Willie looks for in a deal. 25:16 We discuss how Willie finances his deals with commercial and private lending.27:00 Axel and Willie discuss the benefits of building a relationship with local banks.31:38 Willie shares details regarding a few of his most recent deals. 36:48 We discuss the benefits of renovations within a higher price point market. 42:45 We discuss the differences between investing in high vs lower price point markets. 50:15 Willie shares his biggest business-related failure. 52:20 We discuss what Willie would do differently if he was starting his business again.CONNECT WITH WILLIE:https://www.linkedin.com/in/wjmandrell/https://www.mandrellco.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners