HGTV has inspired many would-be real estate investors over the years, but it doesn’t usually reveal the difficulties new investors can face.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Michael Wagman, founder and a Nimble Capital Group managing partner. Nimble Capital holds a multifamily, retail, commercial, and raw land asset portfolio. Michael got his start in real estate after watching a lot of flips on HGTV and deciding he could do it, too.

Jonathan and Michael start their conversation by discussing how Michael landed in real estate after watching too much HGTV after he returned to the U.S. from living abroad. You’ll hear about Michael’s first flip, what led him to multifamily properties, and how he overcame the fear of risk and began using other people’s money (OPM) to scale the business. Michael shares how he met his business partner, his biggest change in looking for properties in today’s market, and the questions you should ask when considering a syndication.

You’re not alone if you’ve ever felt inspired by HGTV, and for those willing to take a risk like Michael Wagman was, it can lead to a prosperous and long-lasting career in real estate.

In this episode, you will hear:

• How HGTV inspired Michael Wagman to start flipping houses after moving back to the U.S. from abroad

• Lessons from his first flip and what he’d do differently now

• Michael’s first house hack, which gave him an “aha” moment, and how he began looking for ways into multifamily properties

• Overcoming the fear of risk, scaling the business with other people’s money (OPM), and finding a business partner

• The biggest change Michael’s made in how he looks for properties in this market

• Evaluating returns on a property purchase and what Michael’s preference is

• What he learned from taking OPM and the questions people should ask when they’re considering syndications

• Michael’s favorite assets at the moment and why he still loves multifamily

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/188/ to download it.

Supporting Resources:

Nimble Capital Group website - www.nimblecapitalgroup.com

Find Michael Wagman on Facebook - www.facebook.com/michael.wagman.142

Nimble Capital on Instagram - www.instagram.com/nimble_capital_group

Connect with Michael on LinkedIn - www.linkedin.com/in/michaelwagman

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.