I had a great conversation this week with Robert Ritzenthaler, President and CEO of REM Capital. Robert has an interesting story... growing up in the DFW area he was exposed to construction at an early age, as his dad ran a construction business. When he went to school, he studied finance and began his career on Wall Street. After the market crash in 2000, he got into commercial real estate and joined an NYC-based commercial real estate firm where he leveraged his experience in construction and ...
Oct 25, 2022•49 min
In this solo episode, I talk about how we no longer acquire properties with average rents under $1,000/unit. That said, I'm not saying that no investors should invest in deals with lower average rents, just sharing what we've learned in our business when doing these types of deals. 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 ...
Oct 18, 2022•8 min
In this week's episode, I'm bringing back Peter Lohmann, CEO of RL Property Management, based in Columbus, OH. Peter is a former engineer, expert systems/process builder, and one of the brightest minds in the property management industry. He is also really active on Twitter, where he shares loads of insights related to property management, asset management, and small business ownership. In this episode, I wanted to do a deep dive into operations - the multifamily investors who operate well throu...
Oct 11, 2022•59 min
Great episode this week with Jason Stubblefield, where we talk about how he overcame a tough upbringing, his background in the military, how he found real estate, and why he invests in affordable housing. In this episode, Jason discusses his first few single-family deals and why he decided to move into multifamily. We learn about his first deal, a 34-unit apartment complex, and the challenges Jason overcame in executing his business plan. Lastly, Jason shares why he and his partners invest in af...
Sep 27, 2022•44 min
This week we're joined by the charismatic Sterling White to share his incredible story, where he escaped a rough neighborhood and built a massive real estate business. We discuss what steps Sterling took to attain 150+ single-family rentals and 500+ units. We talk about dealing with adversity and maintaining resilience as you endure hardships in business and life. We also discuss working with partners, going direct to sellers to buy multifamily properties, and developing systems to streamline yo...
Sep 20, 2022•39 min
This week, we have a repeat guest! Michael Ketchen (episode #3), joins the show to discuss how he built a $35M+ multifamily portfolio, very quickly, by leveraging the BRRRR strategy. Mike is a former teacher with an incredible story... he, his partner Matt, and his wife Hannah are a true representation of the American Dream. In this episode, we discuss creating value through operations, buying great multifamily deals, and buying luxury Airbnbs. Struggling to find good multifamily deals? Looking ...
Sep 06, 2022•36 min
On today's show, I'm speaking with Michael Wayne, a young developer who is building multifamily properties throughout the Detroit metro. Most investors start their career in real estate by buying existing assets, whereas Michael and his partner jumped right into ground-up development! In this episode, we talk about how Michael was able to raise the capital to take down this project, how he learned the fundamentals of real estate development, and how investors can begin developing multifamily pro...
Aug 30, 2022•50 min
In this solo episode, I discuss the four ways we're mitigating risk as we continue investing in multifamily real estate amidst the rapidly changing market environment. 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 ...
Aug 23, 2022•15 min
Great episode this week with Dante Belmonte, who is a broker, syndicator, and the man behind the well-known "MultifamilyMadness" Twitter account. Dante began his career in real estate in the brokerage world and is still actively brokering deals in upstate NY. As he was growing his brokerage business, he began seeking value-add multifamily deals. He began purchasing assets throughout North Carolina and raised over $1M for his first deal! In this episode, Dante and I discuss the rising interest ra...
Aug 16, 2022•40 min
For the 100th episode on the pod, I wanted to do something a bit different. In this episode, I'm interviewed by a friend of mine, Ryan Weiss, about how I've built my business over the last 6+ years. We talk about how I got into real estate, the importance of building momentum when starting a business, how I quickly built a portfolio, and why we began raising investor capital. We touch on both the tactics and strategies I've used to grow the business, such as consistently finding off-market deals...
Aug 09, 2022•53 min
If you're crazy enough to have been a repeat listener (let alone a longtime listener) of the podcast - thank you! Additionally, to anyone who has reached out and shared something you've learned from the show, I greatly appreciate it - it's positive feedback that has kept me motivated to continue producing episodes. 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 Multif...
Aug 02, 2022•6 min
In this week’s episode, we're joined by an Iowa-based investor, Drew Coffin. Drew has quickly built a massive portfolio by focusing on the fundamentals: finding great deals, creatively structuring them, and operating them well. He started in late 2017 with the purchase of a duplex and has since grown to 700+ units! We learn about how Drew became interested in the real estate business, his early career in property management, and how he was able to scale his business so quickly. We discuss the im...
Jul 26, 2022•51 min
This episode is to challenge the "perma-hold" investors that believe selling is short-sighted (and all the money/upside in real estate comes when you hold indefinitely)... If your goal is to rapidly build a portfolio and grow your net worth, you need to constantly be chasing the highest and best returns on your cash - holding isn't the way to get there. Buy, create value, exit, redeploy cash, repeat. Struggling to find good multifamily deals? Looking to close deals with less of your own money? W...
Jul 12, 2022•16 min
I'm excited to announce that we're looking to hire an Operations Assistant at Aligned Real Estate Partners! This is a critical role in our business, considering this individual will be responsible for executing new projects, creating business systems and processes, asset management, conducting due diligence on potential acquisitions, and spearheading back-end business operations. This person will be working with me on a day-to-day basis and will have a behind-the-scenes view of how a PERE busine...
Jun 28, 2022•5 min
Bear with me in this episode - I probably say constraint over 100 times. That said, I thought it would be helpful to share how I approach growing my business and working through challenges. Every business is limited by a small number of constraints - developing the skillset to identify, assess, and solve these constraints is the key to quick progression. What constraints are you facing in your business? Struggling to find good multifamily deals? Looking to close deals with less of your own money...
Jun 07, 2022•9 min
This episode with Ryan Corcoran is a thorough deep dive into finding discounted, off-market, multifamily deals. Ryan is a pro at getting in front of sellers and taking down deals below market value - this is a must-listen for all investors looking to grow their portfolio via off-market, direct-to-seller deals. In this episode, we dive into how you can start generating leads, how to make offers, and how you can leverage creative financing to quickly grow a portfolio. Going direct-to-seller is not...
May 31, 2022•58 min
Are you thinking about how you're actually approaching the growth of your business or are you just going through the motions? My business growth started to accelerate when I started asking myself "how would an institutional investor/large investor/established firm approach this deal"? In this episode, I talk about how you can leverage three institutional strategies to grow your business more quickly, creatively structure deals, and extract more value from the deals you do buy. Struggling to find...
May 24, 2022•14 min
I enjoyed recording this episode with Zach Feldman, who has experience in various different asset classes, deal sizes, and deal structures. He describes his role as a VP of Development at Aptitude Development (one of the largest student housing development in the country) as his "day" job and buying small-midsized multifamily in numerous markets throughout the northeast as his "night" job. In this episode, we talk about the importance of focus, how investors can find where they can actually comp...
May 17, 2022•53 min
In this week's solo episode, I talk about how you can start building off-market deal flow in under 30 days. Getting in front of sellers isn't rocket science, it just takes some prep work and a commitment to consistency. Listen in to learn how you can begin building out your direct-to-seller pipeline! 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 Co...
May 10, 2022•9 min
Super excited to release this episode with Rod Khleif, one of the most prominent investors in the industry. Rod is well-known for losing over $50M in the real estate crash of 2008, pivoting to multifamily, and growing a sizeable portfolio of large multifamily assets. He is also one of the most notable speakers, educators, and podcasters in the multifamily industry. He hosts numerous boot camps throughout the country, where he teaches people how to break into multifamily real estate. Be sure to l...
May 03, 2022•51 min
In this episode, I’m talking about 4 potential challenges you need to be aware of when closing multifamily deals. Oftentimes, investors don’t understand the magnitude of these problems until they’re in the middle of dealing with them... avoid that mistake! 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...
Apr 26, 2022•20 min
We have a great episode this week with Michael Garcia, a San Diego-based investor who is buying multifamily throughout Phoenix and Tucson, AZ. In his previous career, Michael worked in trading and developed a strong feel for the financial side of the business. We dive into Michael's first deal, a 12-unit in Oregon, and discuss how he dealt with the curveballs that were thrown his way. We talked about how Michael met his partner, how they are sourcing deals in the competitive AZ market, and how t...
Apr 05, 2022•57 min
In this week's solo episode, I'm discussing why great investors prioritize investing at the business level vs. the real estate level. A majority of the growth in my business has come once I started investing more $$ and resources into my actual business (hiring, marketing, tools, etc) instead of rolling all cash into more real estate. 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 ass...
Mar 29, 2022•8 min
In this week's solo episode, I open up some old wounds and discuss the worst deal I've done since getting into the real estate business. This was a house flip I did 4+ years ago, however, the lessons I learned apply to all asset classes/segments of the real estate business. 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 mul...
Mar 22, 2022•12 min
In this week’s episode, I’m speaking with Sandhya Seshadri, a former electrical engineer who is now acquiring large multifamily in the competitive Dallas/Fort Worth market. Throughout this episode, we discuss what separates mediocre sponsors from great ones, the importance of effective operations, and what Sandhya learned from investing in another sponsor’s deal that went sideways. Additionally, we also talk about which assumptions within a model are actually driving projected return and what qu...
Mar 15, 2022•36 min
Are you being told that you need to quickly invest your cash because every day you don't, it loses value? While that is technically true (no one is denying that we're operating in an inflationary market), there are few problems more significant than having minimal cash on hand when growing a real estate business. I'm actually selling properties and increasing my cash reserves right now... listen to hear why! Struggling to find good multifamily deals? Looking to close deals with less of your own ...
Mar 08, 2022•8 min
A topic that isn’t widely discussed on real estate podcasts is insurance, despite it being a piece of the business that investors can’t afford to screw up! In this episode, I’m chatting with Jeremy Goodrich of Shine Insurance, one of the most well-known insurance brokers in the business. Before Shine, Jeremy was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Eventually, Jeremy decided to make the career change to insurance and decided to s...
Mar 01, 2022•40 min
Excited to release this week’s episode with Eric Schmid, a young investor based in Minneapolis, MN. At the young age of 25, Eric and his partners have amassed a portfolio of over 80 units (with another 42 under contract)! Similar to a lot of investors, Eric entered the world of real estate by buying a duplex and since then, has been able to grow a sizable portfolio by focusing on direct-to-seller marketing and creative financing. In today's episode, we discuss Eric's strategies to personally con...
Feb 22, 2022•46 min
In this week's episode, I'll be talking to Adam Balsinger of the Investor Boardroom - Adam is an experienced house flipper, wholesaler, and multifamily investor who has raised millions of investor capital. In 2012, Adam began his career in real estate by flipping and wholesaling single-family homes. Eventually, he decided to get into multifamily and began raising capital from investors. In this episode, we talk about running a business with intention, working with property managers, challenges t...
Feb 15, 2022•1 hr 4 min
Are you training yourself to think in longer time periods? Stop focusing on the results you see on a week-to-week basis - think about the actions required on a daily basis to drive results in 2, 3, 5, and 10+ years. I've been personally focusing on this and running my business has become significantly less stressful! 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 Mult...
Feb 09, 2022•11 min
