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The Multifamily Wealth Podcast

Latest episodes

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Jan 26, 2024 • 13min

#214: Three Important Questions To Ask Your Sponsor/GP If You're Hit With a Capital Call

In this insightful solo episode of the Multifamily Wealth Podcast, we dive deep into the critical questions every Limited Partner (LP) should ask when faced with a capital call. Capital calls can be a sign of underlying issues in a deal, and it's essential for LPs to understand the implications and make informed decisions.Plus, I share an "honorable mention" question about the consequences of not contributing to the capital call and discuss the sunk cost fallacy, which is crucial for making informed decisions.In this episode, we discuss:Understanding what a capital call indicates about the health of your investmentThe top three universal questions you must ask your sponsor or General Partner (GP) when a capital call occursAdditional deal-specific inquiries that could impact your decision-making processInsights into the sponsor's commitment and the importance of their additional capital contributionThe purpose of the capital being requested and its alignment with the original business planAre 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 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
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Jan 23, 2024 • 48min

#213: Tactical Capital Raising Tips, 2024 Market Outlook, and Raising $70M+ with Sam Silverman

Join us in this insightful episode of the Multifamily Wealth Podcast as we sit down with Sam Silverman, a highly successful capital raiser in the real estate industry. With over $70 million raised in investor capital in just under three years, Sam has become a go-to expert in the field. His background in tech sales and buyer profiling has equipped him with the skills to effectively connect with high net worth individuals, particularly those in senior sales leadership roles in the tech and software industry.Sam shares valuable insights on the 2024 outlook for real estate investing, including changes in investor preferences and the importance of stability and liquidity in the current market. He emphasizes the need for capital allocators to understand the key assumptions and execution risks in deals, as well as the importance of over-communicating with investors. Sam also provides tactical tips for raising capital, including leveraging LinkedIn Sales Navigator, creating engaging content, and finding niche investor avatars.In this episode we discuss:How has the investor landscape changed in 2024 compared to previous years?What types of returns are LPs looking for in the current market?What are the key factors LPs are considering when investing in deals?How can new investors or capital raisers begin raising capital and building their investor list?What are some effective strategies for reaching potential investors at scale?How can capital raisers navigate the challenge of balancing deal flow and raising capital?What are some important lessons learned from raising over $70 million in investor capital?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 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 Sam:Connect with him on LinkedInLearn more about Silverman CapitalJoin their exclusive capital raising community, Fully FundedPassively invest in “Airbnb’s” with TechvestorPrevious podcast episode with Sam Silverman (Episode 56):Listen on Apple Podcasts (iTunes)Play it on Spotify 
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Jan 19, 2024 • 10min

#212: How To Pull Cash Out of a Property WITHOUT Refinancing and Losing Your Favorable First Position Mortgage

In today's episode, I want to discuss a topic that many investors are currently facing: how to tap into the equity in your investment property without having to sell or refinance.I know that many of you may have invested in properties a few years ago and now find yourselves with some equity. However, the current options for refinancing may not be as appealing as you had hoped. That's why I wanted to share some strategies on how you can access that equity without giving up your favorable first position mortgage.In this episode, we discuss:Understanding the concept of a quality first position mortgageExploring options for tapping into property equity without losing favorable loan termsThe role of second position loans and how to find lenders willing to offer themThe advantages of working with local banks and credit unions for second position financingThe potential of private financing and agency supplemental mortgages as alternative optionsAre 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 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
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Jan 16, 2024 • 45min

#211: Turning a 1BR Condo Into a 125+ Units Within Three Years with Andrew Freed

Welcome back to the Multifamily Wealth Podcast, where we dive into the strategies and stories of successful real estate investors. In this episode, I had the pleasure of speaking with Andrew Freed, a dynamic real estate investor from Worcester, Massachusetts. He has rapidly grown his portfolio, currently owning approximately 125 units. Andrew started his real estate journey by leveraging the equity in his one-bedroom condo outside of Boston to purchase multiple rental properties. He then ventured into joint ventures and syndications, successfully closing on a 60+ unit portfolio in New Bedford and a 32-unit property in Lancaster, South Carolina.Andrew shares his relatable story of how he transitioned from the corporate world to real estate investing. He discusses the importance of leveraging equity to scale his portfolio and how he strategically used house hacking and joint ventures to acquire more properties. Andrew also dives into the challenges and lessons learned from his first syndication deal and emphasizes the significance of building a strong network through local meetups and social media. Additionally, he highlights the importance of delegation and systematizing tasks to focus on high-value activities.In this episode we discuss:How did Andrew turn equity in his one-bedroom condo into a large portfolio of rental properties?What was Andrew's journey from buying small multifamily properties to syndicating larger deals?How did Andrew leverage partnerships and joint ventures to scale his real estate business?What were some of the challenges and lessons learned in the process of doing a syndication deal?How did Andrew build a team and delegate tasks to focus on high-value activities?What role did social media and networking play in Andrew's success?What are Andrew's goals for 2024 and his advice for aspiring real estate investors?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 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 Andrew:Check him out on FacebookFollow him on InstagramConnect with him on LinkedIn 
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Jan 12, 2024 • 8min

#210: Your Goals May Be Too Big... Just Cut Out The Noise and F***king Buy Something

As we all dive headfirst into the exciting prospects of 2024, I've got something special to help you set the stage for a successful year in real estate investing.Are you feeling overwhelmed with the avalanche of advice on real estate investing? Do grand plans and complex strategies have you paralyzed rather than inspired? Our latest podcast episode is the antidote to your analysis paralysis.In this solo episode, I cut through the noise and lay out a straightforward, actionable plan for getting started in multifamily real estate. It's time to think smaller, not bigger, and I explain exactly why.In this episode, we discuss:Why starting small is the smartest way to enter the real estate game?The common misconceptions that paralyze new investorsHow to de-risk your first real estate investment?The importance of experience over immediate profits in your first dealWhy do people often struggle with where to start in real estate investing?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 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
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Jan 9, 2024 • 52min

#209: From Running a $10B Portfolio To Advising LPs and Common LP Investment Mistakes with Aleksey Chernobelskiy

Join us in this insightful episode of the Multifamily Wealth Podcast as we sit down with Aleksey Chernobelskiy, a seasoned expert in the real estate sector. With a rich background that includes running STORE Capital's $10 billion commercial real estate platform, Aleksey brings a wealth of knowledge to the table, especially in underwriting and portfolio management.In our conversation, we delve into the unique niche Aleksey has carved out in advising LPs (limited partners) on investing in syndications. Whether you're a passive investor looking to avoid common syndication mistakes or a GP (general partner) aiming to better understand LP concerns, this episode is packed with valuable takeaways.Aleksey also shares his journey from immigrating to the US at age 11 to becoming a quadruple major in Finance, Mathematics, Economics, and Accounting and eventually a key player in the real estate investment space. His passion for education and deal analysis shines through as he offers practical advice for both LPs and GPs.In this episode we discuss:How did Aleksey Chernobelskiy carve out a niche in the real estate sector?What are the three pillars of LP investing according to Aleksey ?What are some common mistakes made by LPs when investing in syndications?How should LPs approach capital calls and assess whether to contribute more money?Why is it important for LPs to consider the financial strength of the general partner?What are some key factors to consider when assessing the financial strength of a GP?How does Aleksey advise LPs to approach the decision-making process when faced with a capital call?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 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 Aleksey:Follow him on TwitterConnect with him on LinkedInSubscribe to his newsletter in Substack
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Jan 5, 2024 • 10min

#208: PSA To New Investors - YOU Are Your Own Worst Enemy... How To Protect Yourself, From Yourself

In this solo episode, I get real about the importance of setting up checks and balances in your real estate business. I share a personal story from my first deal back in 2016, where a lack of due diligence led to a challenging situation when it came time to sell. Trust me, you don't want to miss these lessons learned the hard way!I also sprinkle in actionable advice on how to leverage property management services, the importance of using attorneys for legal documentation, and why you should always go through a broker when selling properties.In this episode, we discuss:The critical checks and balances every new investor should have in placeA real-life story about the challenges of private money financingHow to avoid becoming your own worst enemy in the investment processActionable tips on construction management, legal documentation, and working with brokersWhy involving competent professionals can be the difference between success and failureAre 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 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
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Dec 26, 2023 • 7min

#207: Planning Your 2024? How To Set Goals That You'll Actually Achieve

In this quick solo episode, I dive deep into the art of setting process-oriented goals. Forget the flashy endgame metrics that everyone's talking about. Instead, I'll walk you through the actionable steps that will truly drive your multifamily investment success in the coming year.Typically, around this time of year, there's a surge in content about goals for the upcoming year, with many focusing on outcome metrics like units acquired, deals done, or revenue generated. While these give us a direction, I argue that they are not the most effective goals to track regularly.Instead, I advocate for setting process-oriented goals. These are the daily, weekly, or monthly activities that directly contribute to achieving the larger outcome metrics. By focusing on the process, we can control our inputs, even if we can't always control the outputs.In this episode, we discuss:Why is setting process-oriented goals important for the upcoming year?Why are process goals more effective than outcome goals?How to break down your big goals into actionable monthly targets?How important is tracking the right activities to achieve your real estate objectives?What are the specific strategies for making offers and securing deals in the multifamily space?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 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
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Dec 22, 2023 • 9min

#206: Should You Be Investing Available Cash Into NEW Properties Or Your EXISTING Portfolio?

In this solo episode, I dive deep into a critical question that every multifamily investor should be asking: "Where is the highest and best return for my dough?" It's a question that might seem straightforward, but as you'll hear, the answer requires a thoughtful approach, especially in today's market.I'll walk you through real-life scenarios, comparing the potential returns of investing in new properties versus optimizing your existing portfolio. From painting common areas to adding amenities, I discuss how small improvements can lead to significant increases in your property's net operating income (NOI) and overall value.In this episode, we discuss:What is the question that multifamily investors should be asking themselves when deciding where to invest their cash?How does the stability and optimization of the current portfolio affect the decision?What are some examples of ways to invest in the current portfolio to increase returns?What are the potential returns on investing in the current portfolio versus buying a new deal?What are the benefits of investing in the current portfolio versus a new asset?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 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 
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Dec 19, 2023 • 11min

#205: The 5 Steps New Multifamily Investors Should Take When Breaking Into Multifamily Investing

In this quick solo episode, I've distilled the essence of breaking into commercial multifamily investing into five actionable steps, which is packed with valuable insights tailored specifically for newcomers eager to dive into the world of multifamily investing, as well as residential investors poised to make the leap into the commercial multifamily space.In this episode, we discuss:What are the five steps new investors should take when breaking into commercial multifamily or transitioning from residential investing?How can investors narrowly define their investment objectives to align with their desired returns?Why developing deep familiarity with your chosen market segment is crucial?What are the key relationships you need to build with service providers in your target market?How can following these steps help new investors grow better multifamily businesses?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 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

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