The Multifamily Wealth Podcast

Are you making these three critical mistakes in multifamily underwriting? Find out how small tweaks in assumptions can turn a bad deal into a good one on paper. In this episode, we dive into the big three assumptions that can make or break a multifamily investment.We explore the impact of rent growth, exit cap rates, and projected rents on projected returns in multifamily underwriting. Discover how slight adjustments in these assumptions can significantly alter the perceived viability of a deal. Learn why getting these three assumptions right is crucial for both LPs and sponsors in the multifamily space.Key points covered in this episode: - The compounding effect of rent growth over the hold period - Manipulating exit cap rates to influence terminal property value - The critical role of projected rents in determining NOI and overall returnsStruggling 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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners

Are you ready to learn how multifamily investment has evolved over the last eight years? In this episode, we look at the five major trends that have altered the landscape of multifamily real estate investing. From the emergence of smart sellers to the influence of technology on property management, we look at how the sector has changed and what trends will shape its future. Join us as we unearth the most important changes that every multifamily investor should be aware of.Key points covered in this episode: - Decrease in unsophisticated sellers and owners due to abundant educational resources - Lower yields in multifamily investments with increased market efficiency - Advancements in property management technology and the rise of AI solutions - Rapid growth in the use of virtual talent for real estate businesses - The transformative role of social media in raising capital, building partnerships, and establishing credibilityStruggling 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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners

Discover the shocking trends shaping the multifamily market in this eye-opening episode! From massive discounts on premium properties to the plunge in multifamily starts, we uncover the latest market news that will leave you rethinking your investment strategies.In this episode, we dive deep into three key trends impacting the multifamily sector. Firstly, we explore how lower cap properties are trading at significant discounts, affecting the market nationwide. Secondly, we discuss the drastic plunge in multifamily starts over the past year and its implications on rent growth. Lastly, we analyze the surprising increase in average lease terms signed by tenants and how it's influencing landlord strategies.Key points covered in this episode: - The impact of interest rates on property values and cap rates - The future of rent growth in light of reduced new developments - Strategies for signing longer leases to maintain occupancy and income stability.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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners

Are you unsure where to invest in real estate? In this episode of the Multifamily Wealth Podcast, we go over the four stages to choosing the best market for your property investments. From examining growth statistics to comprehending supply-demand dynamics, we dig into the critical aspects that might make or break your investment. Join us as we discuss the necessity of competition, gaining a competitive advantage, and appreciating the market in which you choose to invest.Key points covered in this episode: - The importance of buying close to home - Analyzing growth data and supply-demand dynamics - Finding a market where you can compete effectively - Selecting a market you enjoy visiting for easier deal managementStruggling 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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners

 Are you struggling to find great off-market deals in multifamily real estate?In this solo episode of the Multifamily Wealth Podcast, I dive into the fundamental and straightforward approach for multifamily investors to market directly to sellers, even on a limited budget and time constraints.I emphasize the importance of creating a dream property list, focusing on specific geographical areas and property types that align with your investment goals. By narrowing down your target market to properties owned by individuals likely to sell, you can effectively market and prospect to these potential sellers.Key points covered in this episode: - Defining your dream acquisition list based on target geographical area and property type - Narrowing down the list to properties owned by individuals most likely to sell - Filtering properties based on ownership duration and lifestyle-oriented motivations - Tips on scaling direct-to-seller marketing and prospecting effortsStruggling 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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners

Logan Rankin, a multifamily investor with 4,000 units, shares his strategies on building his portfolio without investors and the importance of operational excellence. Topics include rapid unit turnaround, managing in-house, KPI tracking, and unique team development approaches.

Are you making the right partnership decisions in real estate? Find out the one question you need to ask yourself before diving into a partnership in this episode!For this edition of Multifamily Wealth Podcast, we deep dive into the importance of evaluating potential partnerships in real estate by asking a crucial question: Can I hire somebody to do the work this individual is going to do? We explore the common pitfalls of partnering without considering the replaceability factor, discuss examples of easily outsourced roles, and highlight the key pillars of successful real estate partnerships. Here, you’ll learn how to avoid partnership dissension and make strategic decisions in your real estate ventures.Key points covered in this episode: - The importance of considering whether the skills of a potential partner are easily replaceable by hiring someone in the open marketplace - Examples of partnerships in real estate investing and how to determine if a partner's role justifies giving up equity - Identifying roles in the investing process that are not easily outsourced, such as finding great deals, raising capital, and overseeing operations at a strategic levelStruggling 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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners

What's going on, everybody? In this episode, I had the pleasure of chatting with Ryan Corcoran, a seasoned real estate investor based in New England with a portfolio of hundreds of multifamily units and numerous successful flips. Ryan has been on the show before, and it's always a treat to dive into his wealth of knowledge, especially when it comes to direct-to-seller marketing for multifamily deals. He has built a team to handle the high volume of leads and deals, allowing him to focus on acquisitions and growth strategies.Here are some of the topics we covered: - The importance of personalization in direct mail, especially for multifamily properties - Why having a VA to handle backend tasks is important - The significance of having a strong CRM system to handle leads and follow-ups - What is a good balance between active income from flips and long-term wealth building through buy-and-hold strategies - How Ryan tailors his marketing and investment strategies based on the specific characteristics of each market - The value of consistency and follow-up in building relationships with potential sellersStruggling 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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate PartnersConnect with Ryan:Follow him on InstagramDiscover him on TikTokVisit his YouTube channelPrevious podcast episode with Ryan Corcoran:Episode 159:Listen on Apple Podcasts (iTunes):https://podcasts.apple.com/us/podcast/159-using-direct-mail-to-buy-hundreds-soon-to-be-thousands/id1511607285?i=1000616805660Play on Spotify:https://open.spotify.com/episode/5cwBae8v8QW58vf7nnEeoN?si=ea5721375a624de8Episode 95:Listen on Apple Podcasts (iTunes):https://podcasts.apple.com/us/podcast/95-buying-150-units-in-2-years-and-how-to-tactically/id1511607285?i=1000580792109Play on Spotify:https://open.spotify.com/episode/5BZcxvIzKXOPVRl0Fskotq?si=06e138ceb9554264

Are you struggling to find the perfect property management company for your multifamily investments? Discover the five crucial components you need to consider before making that decision in this eye-opening episode!In this quick solo episode, we look into the critical things to consider while evaluating possible property management businesses. We cover everything from the value of prior experience managing similar assets to the importance of specialist staff and in-house maintenance.Key points covered in this episode: - The importance of experience in managing similar assets - Why specialized staff and scale matter - The benefits of in-house maintenance - The need for robust and thorough accounting and reporting - What makes a well-developed leasing processStruggling 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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners

Curious about the top strategies for tenant selection that will save you time and money? In this episode of the Multifamily Wealth Podcast, I sit down with my good friend and business partner, Ryan Weiss. Ryan is the principal broker, director of property management, and my founding partner in our management company, Blue Door Living. Blue Door Living specializes in managing small to midsize multifamily properties throughout New Hampshire.The conversation goes into the challenges and successes of scaling a management company, emphasizing the importance of tenant selection as a key component of successful property management. Ryan also highlights the significance of delegation, working with global talents, and the essential aspects of effectively managing multifamily real estate.In this episode, we discuss: - What are the key challenges faced in growing a property management business from 40 units to over 700 units in just three and a half years? - How did Ryan’s personal journey as a real estate investor and business owner contribute to the growth of the management company? - What were the strategic hires made during the growth stages of the management company, from 50 units to 250 units? - How did Ryan overcome the challenges of fear and ego when delegating tasks and responsibilities within the business? - What are the top three pillars of successful property management according to Ryan, with tenant selection being the top priority? - How does Ryan emphasize the importance of tenant selection and being a good landlord in maintaining a successful property management business? - What are the future challenges and strategies for growth as the management company aims to expand to managing 1,000 units and beyond?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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedInSubscribe to our YouTube channelLearn more about Aligned Real Estate PartnersConnect with Ryan:Connect with him on LinkedInLearn more about Blue Door Living