BiggerPockets Real Estate Podcast

248: From Shop Teacher to Multifamily Syndicator with Todd Dexheimer

10.12.2017 - By BiggerPocketsPlay

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Looking to scale up your real estate investing business? If so, don’t miss this incredibly powerful episode of The BiggerPockets Podcast.

On today’s show, you’ll meet Todd Dexheimer, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years.

You’ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team—no matter how far he’s located from the property.

In This Episode We Cover:

How Todd got started in real estate

How he found and financed his first deal

What exactly a 203k loan is

How he bought a rental and a flip

How to three projects at the same time while working a full-time job

What his investing life looks like today

How he scaled his investing to hundreds of purchases

How he was able to gradually quit his job

Tips for digging deeper with midsize multifamily properties

What he looks for in a property

Advice for getting the overall picture of the market (a unique way to study markets)

How Todd manages to invest out-of-state

How to get the right people on your team

Why he chose Cincinnati

The story behind his 84-unit contract

How he manages his projects

His ski resort story

Todd’s vision of owning $200 million in real estate

And SO much more!

Links from the Show

BiggerPockets Forums

CBRE

Marcus & Millichap

ARA Rental

Colliers

Redi Cincinnati

LoopNet

Trulia

Raising Money to Buy 1,000 Apartment Units with Brian Adams

Books Mentioned in this Show

Set for Life by Scott Trench

Finding & Funding Great Deals by Anson Young (discounted!)

Emerging Real Estate Markets by David Lindahl

Rich Dad Poor Dad by Robert Kiyosaki

The ABCs of Real Estate Investing by Ken McElroy

How to Win Friends & Influence People by Dale Carnegie

Fire Round Questions

Is a roof deck on a multifamily worth building?

What services could a person provide that would not be considered acting as a property manager?

Short Term or Long Term Lease?

Flipping a house with extensive mold (advice or order of repairs)

Adding sqft to a home

Owner wants to sell 9 mos from now…best way to tie up property?

Tweetable Topics

“It’s not just about good cash flow; it’s about your ability to get out of that investment in the future.” (Tweet This!)

“It’s all a referral business. People talk about people they like and trust.” (Tweet This!)

“If you’re going to try to raise money, you’ve got to have people who know what you do.” (Tweet This!)

“Getting good tenants is the best strategy.” (Tweet This!)

Connect with Todd

Todd’s BiggerPockets Profile

Todd’s Company Website

Todd’s Linkedin Profile

Todd’s Podcast

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