The Multifamily Wealth Podcast

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 

Today’s show is an interesting one - I speak with Justin Eaton, an NJ-based home inspector (and investor!) about what investors need to be looking for when walking investment properties! Justin has a breadth of experience in the home inspection industry and shares numerous tips that I’m sure the audience will keep in mind when walking properties and conducting due diligence... I wish I had his insight when I first started in the business!Justin owns a home inspection & structural engineering business in South Jersey. To supplement his income he invests in real estate via re-development projects and rental properties. He has been a part-time investor since 2014 and I am currently in the process of transitioning into multifamily syndication.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 Justin discusses how he got into the home inspection side of real estate and he shares his background in construction engineering. 7:16 Justin shares how being an inspector has helped him in his investing career.11:32 We discuss things that Justin values while walking through a property. Also, we learn why the foundation is crucial. 15:22 Justin shares common issues that are found while walking a property. 20:50 We discuss the common signals within a property that may signify deeper issues behind the walls.23:10 Justin shares easy cosmetic fixes that can drastically increase the value of a property. 29:33 We discuss what investors need to be aware of specifically older properties.38:47 Justin shares what is essential to assess prior to buying a property. 41:43  We discuss what differentiates a good home inspector from a bad home inspector. ****Also, we talk about why it is crucial to hire a home inspector for your first few deals.48:32 Justin shares what characteristics make somebody successful and what has contributed to his success. 52:18 We discuss what Justin’s short-term goals are and what he plans to do in the near future. CONNECT WITH JUSTIN:https://www.linkedin.com/in/justin-eaton-a9619936/https://www.dwellsafenj.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

I loved this interview with Nick Aalerud - we discuss how he was able to build a business that does 60+ deals a year, why he decided to vertically integrate different lines of businesses into his company, and how he has overcome numerous "resets" in the process of growing his business. Nick is an awesome guy and a better real estate investor, be sure to give this one a listen!Nick’s Redevelopment Company the AA Real Estate Group has completed over 200 deals since its inception, including rehabs, lease options, condo conversions, buy & hold rentals, and multi-unit buildings. The firm’s current deals are being done all over New England, including MA, NH, Southern ME, & CT, with others in PA & FL. He also is involved in multiple businesses and franchises, including founding a new type of real estate sales & brokerage firm (AA Premier Properties LLC) which has seen excellent growth over the past few years, now with 30+ agents.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:3:51 Nick shares his background in investment banking and how he got into real estate.8:05 We discuss the deals Nick has targeted this year and how COVID-19 is impacting his progress.10:52 Nick shares how he finds deals and how his acquisition strategy has changed due to the competitive nature of the market.14:45 We discuss the software Nick uses to run his real estate business and why he uses it. 16:56 Nick shares his motivation behind why he utilizes multiple lines of business to grow his company. 21:40 We talk about how Nick manages his different streams of business by hiring a team and partnering with individuals that have a competitive advantage in specific areas. 26:26 Nick shares how he balances his in-house management by offering his services to other landlords and businesses. 31:15 We discuss how Nick went from a “solopreneur” to an “entrepreneur” by scaling his business in the past 2 years. 37:03 Nick discusses his progression of building a team. 40:27 Nick shares what he would do differently if he were starting his business again. Also, we discuss how Nick overcame multiple resets in his career. 48:50 We discuss Nick’s goals for the next year and where he sees his business in the future.CONNECT WITH NICK:https://www.linkedin.com/in/aarealestate/https://aarealestategroup.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

Great show today with Omar Khan! We discuss syndicating large multifamily properties, raising capital from institutional investors (and how it differs from "traditional" investors), and how to get into the big leagues. We also discuss the importance of getting on the ground and meeting people when entering a new market, how Omar structures his deals, and the importance of referrals when looking to raise capital from new investors.Omar has over a decade of institutional experience across real estate and commodities, is advised on $3.7 billion of capital financing and M&A transactions, and is a syndicator of large multifamily deals across TX, GA, and FL.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 Omar shares his background in finance and how he learned about the benefits of commercial real estate.8:01 Omar discusses how real-life experiences are beneficial before putting your own career on the line.12:15 We discuss Omar’s criteria and key signals that tell him a property is worth pursuing.14:38 Omar shares why having flexible criteria is important when scaling. 17:30 We discuss that simplicity is a key and important component of management. 18:50 Omar shares that in order to learn a new market, you need to be there and build connections. 24:27 We discuss institutional investors and the benefits of focusing on high-net-worth individuals to raise capital. 27:40 Omar shares that finding a wealthy investor base is key because you can find new connections through your current investor base.31:51 Omar discusses how he structures his deals. 34:30 Omar shares the importance of diligence, and commitment. 38:19 We discuss what Omar would do if he could start his business again.CONNECT WITH OMAR:https://www.linkedin.com/in/omark1/https://www.boardwalkwealth.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

Are you utilizing Linkedin to grow your real estate business? If not, you need to listen to this episode with Yakov Smart - he shares numerous actionable tips that will help you create a Linkedin strategy that will help you find deals, raise money, and increase the awareness of your business.Yakov Smart is considered to be the leading expert when it comes to attracting A-List investors and raising capital using LinkedIn. He’s the author of Disrupting LinkedIn and a sought-after authority by top business owners and sales leaders worldwide. Yakov has shared the stage with Samantha Debianci of Bravo's hit TV show, Million Dollar Listing, and has been a guest on numerous media outlets.A resident of Scottsdale, Arizona, today Yakov is the proud leader of Linked Lead Enterprises, where his webinars, on-demand training programs, and strategic consulting accelerators give people proven tools and techniques for transforming their LinkedIn Profiles into priceless, Relationship Building Assets.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:3:12 Yakov shares his background in marketing and how he started using LinkedIn.7:50 We discuss why LinkedIn is so lucrative to raise capital and how it can be utilized to expand your network. 11:50 Yakov shares why LinkedIn engagement has increased, alongside its popularity.18:55 We discuss the techniques for successful capital raising on LinkedIn and how to generate leads. 21:53  Yakov shares his strategies to attract investors and build a diverse network. We also learn how to optimize your LinkedIn to gain recognition. 25:34 We discuss LinkedIn’s algorithms, trends, and tricks to increase engagement on posts. 30:07 Yakov recommends what you should add to your LinkedIn, which has the most significant ROI on your time.33:10 We discuss the different degrees of connections on LinkedIn and how to slowly build a relationship with your network. 40:27 Yakov shares information about his business and what he values as an educator and investor. 46:17 We discuss the potential of LinkedIn and how it could transform in the future.CONNECT WITH YAKOV:https://www.linkedin.com/in/yakovsavitskiy/http://linkedleads.us/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

What an episode with Nathan Cloud - this is a masterclass on underwriting multifamily real estate. I'm sure there will be a few things within this episode that you haven't yet thought about as it relates to underwriting, this is a good one!Nathan is the founder and managing principal at Cloud Capital where he oversees acquisition strategy and capital raising for the company. He has sourced over $23.8MM of multifamily assets. Before starting Cloud Capital, he worked as a senior equity trader and portfolio manager for a proprietary trading firm in New York City.Nathan is an experienced investor and is now focused on executing Cloud Capital’s growth strategy to acquire multifamily and senior housing assets throughout Georgia and Texas. Mr. Cloud resides in Dallas, TX, and is a graduate of the University of Mississippi with degrees in accounting and finance.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.Key Takeaways:- Nathan shares his diverse background, and how he educated himself in multifamily real estate. - We discuss the ways to quickly analyze returns on real estate deals and how to determine which deals are worth your time. - We discuss how the market and story of the deal is the key, not just the purchase price. - Nathan shares specific data points he uses to determine if a market is focusing on. Also, we learn that pinpointing a certain market in which you have a competitive advantage in is a key component to success.- Nathan shares the components he uses to successfully underwrite a deal to gain the highest ROI. - We discuss why expense ratios are critical in underwriting a deal and why you need to understand the typical ratios in your market.- Nathan shares why you can not just rely on a T12 and that you must be aware of other factors in deals.- We discuss the variants in rent growth and why it is crucial in underwriting deals.- Nathan explains how he attains estimates for CapEx to successfully underwrite multifamily deals. - We discuss why reserves are essential to keep a deal running properly. - Nathan shares his favorite resources that add efficiency to his day-to-day tasks.  CONNECT WITH NATHAN:https://www.linkedin.com/in/nathancloud/https://www.cloudcapitalllc.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

Had a great conversation with Ellis Hammond where we talked about raising capital, building a platform, and the importance of telling a “good story” when speaking with investors. Speaking of stories, Ellis has a seriously unique one - we discuss his background as a college pastor and how he went from buying a duplex to partnering on a 144-unit multifamily property!Ellis Hammond’s investing journey began when he was still a full-time college pastor. With the goal to create passive cash flow for his family, he realized that investing in real estate could be an incredible resource to help his family and many others achieve financial freedom.He and his wife invested in a duplex in San Diego in 2018 and nine months later Ellis co-GP’d on a 144-unit complex in Memphis, TN. Today, Ellis is the founder of Kingdom Capitalists, the #1 mastermind community for Christian real estate entrepreneurs. He also manages his own network of investors who are seeking passive investment opportunities in multifamily apartment complexes across the U.S.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 Notes3:10 Ellis talks about his background as a pastor and how he took his first step in real estate. 5:28 We discuss Ellis’ first real estate deal in California, a duplex that he house hacked.8:08 Ellis shares why he started syndicating larger deals and how he learned the business.12:10 We discuss how and why Ellis went full-time as a syndicator and how he took the initial leap.16:20 Ellis shares the structure of his real estate deals and how he uses partnerships.21:22 We discuss how Ellis raised capital from investors and why having “a story” is beneficial to differentiate yourself from the competition.26:35 Ellis shares how to build a platform and relationships in multiple networks. 29:11 We discuss the importance of knowing who you serve within your real estate business.  33:43 Ellis shares the biggest roadblocks he faced early in his career. Also, we discuss why building your network before you need a network is crucial. 38:07 We learn why it is beneficial to raise money before you have a deal and the importance of “soft commitments”.44:45 Ellis shares his goals for the next six months and what type of deals/markets he is interested in.45:38 We discuss what Ellis would do differently if he was starting his real estate career again.CONNECT WITH ELLIS:https://www.instagram.com/ellishammond_/?hl=enhttps://www.linkedin.com/in/ellishammond/https://ellishammond.com/https://kingdomcapitalists.co/Connect with Axel:Follow him on 

This episode with Jerome Myers is a really tactical one - I’m sure he shared some things you can implement into your business ASAP. We discuss mid-size multifamily investing (specifically investing in the workforce and affordable housing), underwriting deals, identifying value-add opportunities, and working with partners. Jerome is an awesome guy, you’ll enjoy this show!Jerome is a corporate America dropout who is helping others exit the matrix through ownership in multifamily, and workforce housing. After building a 20 MM division at a construction company and having to lay off his teammates two years in a row, he had enough and decided to become a full-time real estate entrepreneur.He and his team created the Myers Methods of Multifamily Investing after educating themselves through the school of hard knocks and using it to operate their portfolio in the mid-Atlantic every day. They are on a mission to hold a 1,000-door portfolio and help over 100 people find their first or next deal.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:3:21 Jerome shares his background in corporate America and how he gained exposure to real estate. 6:02 We discuss Jerome’s 23-unit and how he found his first deal and managed his first property independently.10:22 Jerome discusses the expansion of his business to 90+ units and what he is currently focusing on. 12:20 We talk about due diligence, Jerome’s criteria, and what he values in a neighborhood. 16:31 We learn about what Jerome thinks is important to tenants and which small renovations provide a high ROI.  23:26 We discuss the methods Jerome utilizes to find deals and build essential connections. 28:05 We talk bout the value of partnerships and joint ventures as it relates to buying small and midsize multifamily properties.31:26 Jerome discusses the roadblocks new investors commonly face and how to overcome these obstacles. 36:17 We learn what Jerome values in partners and why credibility is so important in multifamily. 39:41 Jerome shares his perspective on how COVID is impacting and will continue to impact the housing market. 44:50 Jerome explains why having a coach is the most efficient way to gain knowledge and excel in your respective field. Connect with him on Linkedin https://www.jeromemyers.co/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners