The Multifamily Wealth Podcast

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

Jorge has been Investing in Real Estate for over 15 years now. He started in Single-Family and small Multi-family properties. He has wholesaled over 200+ Properties, Fixed & Flipped over 100+ properties, and developed several new construction projects, over $20M in the ground up. My main focus now is on large Multifamily properties. He is currently an Active & Passive Full Time Multifamily Real Estate Investor with 1,720 Doors on the GP side & over 1,400+ doors on the LP side. Jorge is the CEO of Elevate Commercial Investment Group. He also owns a construction company, JNT Construction, that focuses on helping Multifamily Investors with their full 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.Show Notes:2:56 Jorge shares what he did earlier in his career and how he got into real estate.8:37 We discuss the benefits of having construction services vertically integrated with your business.11:10 Jorge shares what an investor should consider when bringing construction in-house and his favorite benefit.13:00 We discuss the challenges Jorge faced while starting his real estate career. 18:36 Jorge shares tips on how to successfully find deals in your market.21:05 We talk about cold calling and how it can be a more personal approach to prospecting.27:48 Jorge shares the key aspects he pays attention to while doing due diligence on a property. 31:45 Jorge shares the areas he feels he has an advantage in, as a result of vertically integrating construction.34:42 We discuss how Jorge calculates his CapEx costs. 40:13 Jorge shares what he attributes to his success in his real estate business. 41:58 We discuss what Jorge would do differently if he was starting his business again.CONNECT WITH JORGE:https://www.elevatecig.com/https://www.instagram.com/jorgemultifamily/?hl=enhttps://www.linkedin.com/in/jorgelabreu/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

Today’s episode with Mark Davenport is a great example of how you can go full-time in real estate with just a few deals! Mark is an investor that I’ve personally known for a long time with a very unique story… you’ll learn how he managed renovation projects from multiple states away, how he uniquely added value to his first few properties, and how he was able to scale his business. This is a great show for both newer and experienced investors - stick around!Mark and his partner, Phoebe, are the owners of Levare Properties, LLC. Mark got started in real estate when he and his partner, Phoebe, purchased and started working on an owner-occupied single-family in Dover, NH. Fast forward many years, and they wanted to pivot away from a 9-5, middle-class career model. In 2015 they chose to sell the single-family and renovate a foreclosed duplex in a neighboring town. They discovered a passion for renovation and generating passive income and began scaling their business - moving quickly through a 4plex and a few 6 units. Most recently acquiring a 72-unit 12-story apartment building in Kansas, they're still adopting a posture of aggressive growth as they push through a target to pass 100 doors by the end of 2020. They also work with investors who are keen on using real estate to generate strong, sustainable returns.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:2:55 Mark shares his background as a musician, how he got into real estate, and what his business looks like today.5:06 We talk about Mark’s first deal and how it paved the road for his future investments. 6:23 Mark shares how he got into small multifamily properties and how he progressed to larger properties by “trading up”14:30 We discuss the issues Mark encountered during the value-add process with one of his properties and how he overcame them.18:00  Mark shares the details on one of the mixed-use properties he purchased and how he converted it to residential. 22:17  We discuss the differences between renting on Airbnb vs. renting traditionally and how he successfully rented on Airbnb. 26:36 Mark talks about why he sold his properties and the types of properties he is seeking in the midwest. 34:12 We discuss the details regarding Mark’s 72 units and what drew him to the deal.40:40 Mark shares how he plans on leasing his property and what his vision for the project is43:40 We learn about the fears and concerns Mark had when closing his large multifamily property.48:01  Mark shares his vision for the next 6-12 months and what types of deals he plans on pursuing.51:40 We learn what Mark considers his biggest failure in real estate.54:38 Mark talks about what he would do differently if he started his real estate business again.CONNECT WITH MARK:https://www.linkedin.

I really enjoyed this interview with Adrian Salazar - we talk about how you can transition from wholesaling or single-family investing to multifamily, how he has been able to build his business at such a young age, and most importantly, how to find off-market multifamily deals. We thoroughly discuss the importance of "staying top of mind" and why it is so critical to do so in real estate - be sure to give this one a listen!Adrian is the Founder of Optimum Buyers, a real estate firm that focuses solely on providing above-average returns to our investors through investing in 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:2:53 Adrian talks about growing up in Texas and how he found his entrepreneurial spirit at an early age.5:10 We discuss how Adrian got started in wholesaling and how he found a mentor.9:21 Adrian shares how his marketing strategy changed as he entered the multifamily field.12:47 We discuss Adrian’s cold-calling method and why he feels his database is so important. 17:22 Adrian shares information about his team and their roles in his business. 22:48 We discuss Adrian’s last acquisition and information about his property including rents, CapEx, etc.24:32 Adrian shares how he structured the syndication on his most recent deal. 32:00 We discuss the importance of starting small and getting involved before “going big”, as it relates to multifamily properties. 38:24 Adrian shares the challenges he faced as a young wholesaler and investor and how he overcame those roadblocks. 44:08 Adrian discusses the importance of identifying a target market, and how it helps with outreach and finding off-market deals. 52:29 Adrian shares what he would do differently if he started his business again.CONNECT WITH ADRIAN:https://www.instagram.com/adriannsalazar_/?hl=enhttps://www.linkedin.com/in/realestatestrategist/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners