Real Returns

S7 E4 - Omar Khan | Dollar Cost Averaging with Multifamily Real Estate


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How does a CFA from Canada build an $800 million multifamily empire in Texas? In this episode of Real Returns, hosts Andrew Reichert and Dan Croce sit down with Omar Khan, founder and managing partner of Boardwalk Wealth, to explore his fundamentals-first approach to multifamily investing. Omar reveals why he compares real estate acquisition strategy to dollar cost averaging in the stock market, his philosophy on bringing "a gun to a knife fight" through supply-starved market selection, and how his firm has taken over 1,800 distressed units in the last 16 months. From escaping Canada's high tax burden to building a 5,000-unit portfolio across the Sunbelt and Midwest, Omar shares the importance of timing, diversification, and why treating residents (not tenants) with respect isn't just good ethics—it's good business. Learn how tax efficiency through distressed acquisitions can deliver $2-3 of depreciation for every dollar invested, and why the attributes that get you to success aren't the same ones that keep you there.

Timestamps:

00:00 - Opening Segment

01:35 - Omar's Background and Introduction to Boardwalk Wealth

03:30 - The Genesis: From CFA to Real Estate Entrepreneur

06:40 - The First Deal: 138 Units in Jacksonville

08:40 - Building a Company vs. Just Doing Deals

10:35 - Tax Efficiency and the Canadian Tax Burden

12:05 - Advanced Tax Strategies in Distressed Acquisitions

12:20 - Stakeholders and Impact: A Three-Legged Stool Approach

15:10 - Fundamentals-First Philosophy: Supply-Starved Markets

18:05 - The Importance of Timing and Dollar Cost Averaging

20:10 - Lightning Round

Key Quotes:

"A lot of real estate, like a lot of life is timing. " - Omar Khan

"What gets you from poverty to success is not the same set of attributes that keeps you successful." - Omar Khan

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Connect with Omar Khan:

Website: boardwalkwealth.com

Recommended Book:

Towers of Debt - The story of the Reichman family Subscribe to Real Returns wherever you listen to podcasts for more insights on impactful investing and alternative asset strategies. Visit our website to learn more about creating real returns through real estate and alternative investments.

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Real ReturnsBy Andrew Reichert