The Multifamily Wealth Podcast

When I posted this deal on Instagram (@multifamilywealth) I received some requests to do a podcast outlining the details of this deal, specifically how I found it, financed it, and what the business plan is. I think there will be some helpful tidbits in here, specifically as it relates to doing portfolio deals... I discuss strategies on how to minimize the seller's capital gains tax obligations, how you can buy some of a portfolio and not the rest, and how to sell 2nd position mortgages to private lenders.You may be wondering why you're seeing this episode again this week - I had to take last week's upload down due to some audio issues I didn't catch in my audio production and unfortunately, I needed to re-record and re-upload.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

Great episode today with Darin Batchelder! We discuss his journey into real estate and how he transitioned from being a passive investor into an active sponsor (and syndicating a 76-unit deal in Texas). Darin dives into what he learned from his experience as a passive investor that eased the transition onto the active side, as well as how his extensive experience in the loan business helped him in his investing career. We also talk about building relationships with brokers, finding partners, and the value of mentorship groups.Darin is a principal owner, asset manager, and lead sponsor on a 76-unit townhome community in Crowley, TX. He has a minority General Partnership interest and key principal in a 256-unit multifamily community in Dallas, TX, as well as a key principal on an FNMA nonrecourse loan on a 154-unit apartment community. Darin is also a limited partner in 14 properties with 3,944 multifamily units and a personal mentoring student of Brad Sumrok.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:2:57 We learn about Darin’s background as a CPA and how he got into real estate. 5:06 Darin shares how he learned about real estate and how he began underwriting syndication opportunities.11:05 We discuss what passive investors should look for in a deal and why key relationships are essential.19:21 Darin shares what he values in a business partner and the type of people he likes working with to syndicate real estate deals. 22:35 We learn the struggles Darin went through while shifting from passive to active investing.27:00 Darin shares how he sourced deals and build relationships in his market. 32:30 We discuss when you should put an offer on a deal and why selectivity can be beneficial. 39:54 Darin shares details regarding his first deal and what improvements he has completed.43:15 We learn why working with more sophisticated partners is relevant in larger deals and why they are more equipped to handle issues and manage properties. 49:56 Darin shares the biggest mistake he has made in his career... and why you should get started sooner.51:12 We learn about Darin’s multiple short-term goals.CONNECT WITH DARIN:https://www.linkedin.com/in/darin-batchelder-8855b620/https://www.instagram.com/batchelderdarin/?hl=enhttps://darinbatchelder.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about 

Bit of a different episode today - Jerome Myers (guest on episode #13) runs a podcast called Multifamily Missteps and we did a podcast swap! This is a great episode where he speaks with Kristen Ray regarding a deal where things went awry.I had the pleasure of speaking with the owner of Vytal Investments, LLC, and co-founder of Vital Investment Partners, Kristen Ray.Let’s dive into Kristen’s story that not giving up, no matter how many times you fail, can eventually lead you to the success that you have been dreaming of.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.Things you will learn in this episode:[00:01 – 03:07] Opening Segment·        Kristen talks about her background and where her journey began·        Inherited properties from her grandfather and turned them into rentals[03:08 – 14:19] Kristen’s Missteps·        Kristen talks about previous deals she had made·        How she met her business partner·        Kristen talks about the first deal with her new partner·        Quick shoutout to our website myersmethod.com·        Kristen shares her learnings from the failed first deal·        Building and maintaining good business relationships[14:20 – 20:54] Don’t Give Up·        Kristen talks about moving on and the next deal that they made·        The surprises after closing the deal·        Kristen gives powerful words of wisdom that you don’t want to miss!Tweetable Quotes“Don’t give up; just keep doing it. No matter how many times you fail at something you want to do, keep at it, and try to mitigate your risk.” – Kristen RayYou can connect with Kristen on Facebook and Linkedin. You can also send her an email at info@vitalinvestmentpartners.com.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

I get asked by so many investors how to quickly and accurately estimate rehab costs... the short answer is, it's not easy (and takes time and experience to become proficient at)! In this quick episode, I share some tips on how you can standardize the process behind estimating renovation costs while removing some of the "unknowns" around budgeting for renovations.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 discussed a ton of great topics with Terry Hale in this episode, however, this an awesome show if you’re looking to find more deals and start doing more deals off-market. Regardless if you’re looking for duplexes or 200-unit properties, Terry provides numerous tips as it relates to building your lead funnel and finding individuals that can help you source more deals. We’re all trying to find more deals and this episode is going to help you do just that! Terry is a big deal who has been crushing it in the business for a very long time, be sure to give this one a listen.Terry Hale is an author of educational curriculums, and numerous trade, and business magazine articles, and has presented live seminars to over 200,000+ attendees across the nation for educational advisory services. Terry has been featured on CBS Radio, CNBC, and several syndicated radio broadcast networks as the leading authority in commercial real estate investing. Terry has over 20 years of real estate-related marketing, training, and teaching experience. Hale has been on several boards of directories providing Real Estate Education Programs and has assisted in negotiations, with years of diversified real estate experience. Terry's commercial real estate training provides the techniques on how to find, pre-screen, evaluate, structure, and use negotiation tactics for repositioning and stabilizing commercial 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:  2:45 Terry shares how he got into real estate and what his current focus is within his business.5:15 We discuss how Terry progressed into commercial real estate and why he prefers multifamily over residential properties. 12:17 Terry shares how he sources projects and creates deal flow. 18:26 We discuss how Terry finds off-market deals and creates relationships with deal finders.28:48 Terry shares how his team finds deals to scale his business.34:10 We learn how Terry trains his acquisition employees to hunt deals and build great connections. 37:05 Terry shares how he built a capital network to close on the deals he finds. Also, Terry explains how he formed a fund to raise money. 44:37 We learn the benefits of starting a fund and how Terry has utilized the fund model to scale his business. 48:41 Terry shares how doing business with unqualified people can steal one’s time.50:00 Terry shares how he is setting up a new fund to accelerate his business’s growth. 50:47 We learn what Terry would have done differently if he was starting his business again.CONNECT WITH TERRY:https://terryhale.com/https://www.instagram.com/terryhale_wealth.by.design/Connect with Axel:Follow him on 

Stick with me on this one... one of the things that makes Belichick a great coach is that he understands each facet of the game at such a high level, above and beyond what's expected of him as a head coach. In real estate, you need to understand the role and business of every individual you'll be working with (brokers, lenders, property managers, contractors, attorneys, etc) and how each piece of the business works together. Yes, you should master one or two skills and focus on them, but you need to understand what everyone you're working with does, and how their role impacts your decisions (and the business at a high level).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

This episode with Bob Lachance is a great one if you are looking to learn more about what a virtual assistant is, how you can hire one, and what they can specifically help within your business. We get into the weeds and discuss what tasks are most commonly outsourced to VAs, how much a VA typically costs, and the exact process of how to best source, vet, and hire a virtual assistant.Bob Lachance is the founder and CEO of the premiere Virtual Assistant staffing company REVA Global LLC. Bob specializes in helping customers automate their business through the use of trained real estate Virtual Assistants. Before starting REVA Global LLC, Bob played professional hockey for 8 years, 4 years in the United States, and 4 years in Europe, before going into real estate in 2004.  Bob acquired his first flip shortly after and has since completed over 800 transactions. Some of Bob's other highlights are: he has started 2 very successful real estate coaching programs, 2 technology companies, various real estate products, 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 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:3:43 Bob shares how he transitioned from his NHL career to real estate investing.8:32 We learn what a virtual assistant is and how it can be integrated into someone's business. 12:53 Bob shares what most of his clients use virtual assistants for.16:40 Bob discusses how he finds virtual assistants and their common misconceptions.19:28 We discuss how Reva Global vets, hires and trains VAs. 21:42 Bob discusses his competition with UpWork and the benefits/compensation he provides to employees.24:31 We discuss how many of Bob’s clients hire their VA’s full-time and build relationships with their employees. 28:00 Bob shares the tasks and roles that are ideal for VA’s, as it relates to scaling your real estate business.36:38  We discuss the organizational structure of VA’s and how REVA has a strategy session to help determine the type of help companies need.41:59 Bob shares what he would do differently if he was starting both of his businesses again. 43:32 Bob shares the importance of taking a loss and how it is beneficial for the learning process.CONNECT WITH BOB:https://revaglobal.com/https://www.linkedin.com/in/boblachance/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this episode, the host shares insights on sourcing off-market deals by planting 'deep seeds' and mastering a few key strategies. They discuss the importance of consistency, patience, and building relationships in the real estate market. Tips on financing options and negotiation tactics are also highlighted for finding success in off-market deals.

Talk about an eye-opening episode with Yonah Weiss… we discuss the power of cost segregation as a strategy to minimize your tax liabilities when investing in commercial real estate, as well as the power of being classified as a “real estate professional” in the eyes of the IRS. This is an episode where you’ll be giving your accountant a call once you’re done listening and asking them how you can implement these strategies!Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the new podcast Weiss Advice.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  Yonah shares his background as a teacher and how he got into real estate. 7:35  Yonah gives a high-level overview of cost segregation and we discuss the power of depreciation in real estate. 12:28 We discuss how depreciation works and how important it is for real estate investors to understand and utilize it.17:48 Yonah discusses who he works with most on tax deductions and how it offsets rental income and other forms of income… and how wholesalers and flippers can benefit from depreciation, even if they aren’t buying and holding (this is huge)!20:52 We discuss bonus depreciation and how you can take it all in year one with new tax reforms. 27:55 Yonah shares what kinds of buildings (price and size) most benefit from cost segregation studies.31:10  We discuss where Yonah believes that his method works best, according to land value and state laws. 34:05 Yonah shares the process of performing a cost segregation study and what it looks like.39:32 We discuss how depreciation deductions differ within each asset class (multifamily, office, retail, industrial, etc).45:04 Yonah shares what he attributes his success to and what his short-term goals are.CONNECT WITH YONAHhttps://madisonspecs.com/https://www.instagram.com/yonah_weiss/https://www.linkedin.com/in/cost-segregation-yonah-weiss/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners 

Hey everyone, trying something unique with the podcast feed... I thought there might be value in releasing shorter (5-10 minute) solo episodes highlighting things I've learned in my business, changes I've seen in the market, overviews of deals, etc.In this episode, I discuss the value of being "easy to work with" when working with sellers and brokers, specifically as it relates to re-trading deals. Negotiating after inspections or due diligence is sometimes necessary, however, I often see both newer and experienced investors negotiating after finding trivial issues. Don't negotiate just to negotiate... it will hurt your reputation.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