Ryan Daigle lives in the Raleigh-Durham area of North Carolina and is a twenty-year veteran of the software industry. His last role was as CTO of a Durham-based fintech startup, which he saw grow from 3 employees to 80 during his 6 years there. After he grew disenchanted with the returns on his 401K and stock portfolios, he started looking for alternative investment approaches and discovered real estate.

After a single burst style residential investment, he quickly turned to multifamily real estate for its economy of scale and long term demographic support. Ryan is now a limited partner in over 700 units and GP owner in 80. 

Join us in this episode as we talk and learn 

[00:01 – 03:23] Opening Segment

• I welcome our guest, Ryan Daigle
• I talk about the background of our guest
• Ryan talks about his background and journey in multifamily real estate

[03:24 – 08:32] Why Ryan invested in Real Estate

• Ryan talks about why he chose to invest in real estate
• Why Ryan shifted from single-family to multifamily

[08:33 – 24:22] 0-80 Units in 10 Months

• Don’t overspecialize your process early on
• 3 Things you need to get into real estate and multifamily
  • Time
  • Money
  • Experience
• Taking advantage of your strengths to overcome your weaknesses
• How Ryan got his first deal as a General Partner 
• The importance of networking in real estate
• The right mindset when participating in networking events
• Ryan’s take on the Internal Rate of Return(IRR)

[24:23 – 28:32] TIME TO TAKE ACTION

• Actionable steps/tips listeners can do to help their real estate investing career
  • Find your gap
  • Plan how to fill those gaps
  • Take that action and find an accountability partner
• The main takeaway
• Connect with Ryan. See the links below.
• Final thoughts

Tweetable Quotes:

“Real is easy, but it doesn’t mean it’s simple.” - Ryan Daigle

“My mindset around prosperity, wealth, and retirement changed. Instead of trying to accumulate as much as I could like a little squirrel and getting this big number that I would then just whittle down over the years in retirement. I really wanted to buy assets that would pay me over time, and create that passive income.” - Ryan Daigle 

“Just because I did something once, doesn’t mean I have to put a system or a process in place. You need to do it a few times before you can actually identify what are the parts of that process that are useful and valuable to systematize.” - Ryan Daigle

Resources Mentioned:

• Flywheel Equity

Connect with Ryan, visit https://flywheeleq.com/. Follow their Socials on Instagram and Facebook

Guest Email: [email protected] 

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Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book