Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires

What if you lost everything tomorrow?

No portfolio. No apartment buildings. No broker relationships. No track record.

Just your knowledge, your work ethic, and a desire to build wealth through multifamily real estate.

In this episode, I walk through the exact roadmap I would follow if I had to start over from scratch in today's market. Not during the low interest rate boom. Not when every deal seemed to work. Right now.

I break down the difference between being a Limited Partner (LP) and a General Partner (GP), why most aspiring investors skip important steps, and how I would strategically build experience, relationships, and momentum over the next four years.

Inside this episode, you'll learn:

• The first decision every new investor must make: LP or GP • Why investing passively can be one of the smartest ways to learn the business • How to choose and study a market the right way • The importance of brokers, lenders, property managers, and strategic partnerships • Why co-sponsoring or JV'ing on a deal can accelerate your growth • What most people don't understand about the responsibilities of a GP • How refinancing and recycled capital can help create long term momentum • The "Conveyor Belt Theory" and how one deal can eventually lead to the next

Too many people spend years consuming content without taking action. Others jump into deals before they're ready. The goal is to find the balance between education and execution.

If you're serious about multifamily real estate and want a realistic roadmap from beginner to apartment owner, this episode is for you.

Remember: You don't need to know everything to get started. You just need to keep moving forward.

It only takes a Small Axe to build a lasting empire.

🎙️ Connect with Nico: Small Axe Communities

📚 Free Multifamily Resources: Download the Multifamily Credibility Kit and explore training opportunities through my Stan Store -

Https://Stan.store/buybuildings

#MultifamilyRealEstate #ApartmentInvesting #PassiveIncome #RealEstateInvesting #LimitedPartner #GeneralPartner #FinancialFreedom #SmallAxeCommunities #BuyBuildingsBuildEmpires #CommercialRealEstate

What does multifamily investing actually look like in today's market?

In this episode, I pull back the curtain on what's happening inside my own portfolio right now.

I'm dealing with a refinance on a 6-unit property after a planned sale fell apart. Rates moved almost immediately, changing the economics of the deal. At the same time, we're working through a refinance on our 13-unit portfolio while trying to position a 44-unit property for sale in a market where buyers seem hesitant to pull the trigger.

I also share conversations I've had with other operators who are feeling the pressure from rising expenses, tighter lending, slower transaction volume, and challenging market conditions.

But here's the thing...

The same environment that's creating stress for operators may also be creating one of the best buying opportunities we've seen in years.

In this episode we discuss:

• Refinancing multifamily properties in today's lending environment • How quickly interest rates can impact a deal • Why multifamily transaction volume remains slow • What operators are experiencing behind the scenes • The reality of cash flow, distributions, and investor expectations • Why difficult markets often create the best opportunities • How I'm thinking about acquisitions moving forward

If you're actively investing, looking to get started, or simply trying to understand what's really happening in multifamily real estate right now, this episode is for you.

Remember: It only takes a small axe to build a lasting empire.

#multifamilyinvesting #commercialrealestate #realestateinvesting #apartments #cashflow #multifamily #passiveincome #realestatepodcast #smallaxecommunities #buybuildingsbuildempires

A lot of people want to get into multifamily real estate. Very few ever actually take action.

In this episode, I talk about my own journey from growing up without money, becoming a teacher, working side hustles for years, and slowly building my way into multifamily apartment investing.

My mom was on Section 8 for much of my childhood. My dad was a waiter. Nobody around me was talking about apartment buildings, financial freedom, ownership, or investing. I had to completely rebuild my mindset over time while learning how to operate in an entirely different world.

I share how I went from teaching, waiting tables, teaching surf lessons, building cutting boards in my garage, and struggling financially… to eventually owning and operating multifamily properties.

But more importantly, I talk about the real thing that stops most people:

Fear.

Fear of sounding inexperienced. Fear of rejection. Fear of brokers not responding. Fear of asking dumb questions. Fear of making mistakes. Fear of looking unqualified.

And the truth is… most new investors never even send offers.

In this episode we talk about: • Why confidence usually comes after action, not before • Why consistency matters more than talent • How repetition builds skill and confidence over time • Why you need to get into real conversations with brokers and operators • The importance of underwriting reps and market exposure • Why most investors stay stuck in "learning mode" too long • How taking imperfect action changed my life

This episode is for anyone who feels overwhelmed, intimidated, behind, or unsure of where to start in multifamily real estate.

You do not need to feel fully ready to begin.

You just need to move.

If you want help learning how to underwrite deals, analyze properties, talk to brokers, and get involved in multifamily real estate, check out my Multifamily Machine cohort and free resources here:

stan.store/buybuildings

If this episode helped you, share it with someone who needs the push to finally start taking action.

#multifamily #realestateinvesting #mindset #financialfreedom #apartmentinvesting

In this episode, I talk about why most multifamily deals still do not work today even after prices have dropped from the peak market of 2021 and 2022.

A lot of people hear that prices are down and assume everything suddenly became a good deal again. But debt is more expensive, insurance has exploded, taxes are rising, payroll and maintenance costs are up, and many sellers are still trying to sell based on unrealistic projections from years ago.

I break down why I eliminate deals quickly, what I look for when underwriting, and why I would rather buy a conservative deal with fixed debt than gamble on appreciation or refinancing assumptions I cannot control.

I also talk about: • Why floating debt crushed so many operators • Why occupancy and collections are becoming more difficult • How taxes and insurance can destroy a deal after closing • Why cash flow matters more than hype right now • The difference between underwriting for reality versus underwriting for hope • Why survival and durability matter more than flashy projections

This episode is for anyone trying to understand what is really happening in today's multifamily market and how experienced operators are adjusting their approach.

If you want to learn how to properly analyze and underwrite multifamily deals, check out my Multifamily Machine cohort and free resources here:

stan.store/buybuildings

If you enjoyed the episode, share it with somebody who is trying to learn multifamily real estate the right way.

#multifamily #realestateinvesting #apartmentinvesting #cashflow #underwriting #smallaxe #multifamilyinvesting

Episode 300 means a lot to me—not because of the number itself, but because of what it represents. Nearly six years of recording every week, continuing forward even when life was busy, stressful, or uncertain.

In this episode, I take a step back and share what that consistency has taught me, not just about podcasting, but about multifamily investing and building something over time.

I talk through how my expectations at the beginning didn't match reality, how my understanding of deals and risk has evolved, and how experience has shaped the way I make decisions today. I also get into the importance of relationships, the challenges of operations, and why patience plays such a big role in this business.

This isn't a highlight reel. It's a reflection on what it really looks like to stay committed over a long period of time, continue learning, and improve as you go.

If you're in this space, or thinking about getting into it, this episode will give you a clearer picture of what the path can look like over time.

Most people don't quit multifamily because they're not capable. They quit because what they thought this would be… and what it actually is… are two very different things.

In this episode, I walk through what really happens when you start trying to get your first deal. The early excitement, the confusion when deals don't make sense, the silence from brokers, and the long stretch where it feels like you're putting in effort without seeing results.

I also break down what it actually takes to stay in it long enough to get that first deal done. The patience, the repetition, the uncertainty, and the reality that even when you do get a deal, it doesn't look the way most people expect.

This is not meant to convince you to do this. It's meant to give you a clear picture so you can decide if this path is right for you before you invest a lot of time and energy.

If you're serious about getting into multifamily, or you're already in it and feeling stuck, this will help you reset your expectations and understand what's ahead.

"I'm just waiting for the right deal."

Sounds smart.

Sounds disciplined.

But most of the time?

It's not patience… it's avoidance.

In this episode, I break down what's really happening when you say you're "waiting" and why that mindset is keeping you out of the game completely.

Because the truth is…

You're not missing deals you pass on.

You're missing the ones you never even see.

The off-market opportunities. The broker relationships. The deals that get tied up before they ever hit your inbox.

If you're not in the mix, you don't even know they exist.

And that's the real problem.

In this episode, we cover:

• Why "waiting" is actually costing you deals
• How brokers really decide who gets opportunities first
• The massive gap between looking at deals and being in the game
• Why underwriting reps matter more than you think
• How to stay top of mind with brokers (without wasting their time)
• What it actually takes to close a deal in today's market
• Why most deals fall apart before the finish line

If you've been sitting on the sidelines, analyzing deals here and there, and wondering why nothing is happening…

This is your wake-up call.

Because this game rewards people in motion.

Not people waiting.

If you're ready to get in the game:

👉 https://stan.store/buybuildings

The next Multifamily Machine cohort is opening soon.

Let's go.

Everyone wants their first multifamily deal to spit out cash flow from day one.

That's the dream they've been sold.

Buy the deal. Collect rent. Quit your job.

But in today's market?

That's not how this game works.

In this episode, I break down the truth most people don't want to hear:

Your first deal probably isn't going to cash flow the way you expect… and that doesn't mean it's a bad deal.

I'm talking about what's actually happening right now in the market: higher debt, rising expenses, flat rents, and why deals feel "tight" or don't pencil at all.

More importantly, I'll show you how to shift your mindset so you can stop sitting on the sidelines and start playing the long game.

Because the real risk isn't buying a deal that only does 2–3%…

It's never getting in the game at all.

In this episode, we cover:

• Why most deals don't cash flow in today's market
• The biggest mistake new investors make when underwriting
• How to think about cash flow vs long-term wealth
• What a "good deal" actually looks like right now
• Why making aggressive offers is not only okay… it's necessary
• How to build experience, credibility, and momentum in a tough market

If you've been analyzing deals, getting frustrated, and wondering why nothing works…

This is the episode you need to hear.

If you're ready to stop overthinking and start taking action, check out my resources here: 👉 https://stan.store/buybuildings

The next Multifamily Machine cohort is opening soon.

Let's get you in the game.

In this episode, I talk about what it's actually like to raise capital for multifamily deals in today's market.

It's not easy.

I'm currently operating 90 units and actively working on deals, and I can tell you firsthand—raising money right now is very different than it was a few years ago.

Investors are more cautious. Conversations are slower. Some people aren't investing at all.

I break down:

• Why capital raising has become more difficult
• What investors have seen over the past few years
• How deals that looked strong didn't always perform
• Why transparency and honesty matter more than ever
• What it takes to still get deals done in this environment

I also share my own experience navigating this—dealing with operational pressure, bridge loans, and real decisions while still trying to move forward.

This isn't about hype or perfect deals. This is about what it actually looks like right now.

If you're trying to raise capital, invest in multifamily, or understand the current market, this episode will give you a clear perspective.

Stay in the game. Keep getting better.

In this episode, I break down what it actually looks like to operate multifamily real estate in today's market.

I'm currently operating 90 units, and I'll walk you through what's happening on the ground right now—vacancies, lowering rents, competing for tenants, and navigating bridge loan pressure in a much tighter lending environment.

This isn't theory. This is real-time decision making.

We talk about:

• Why rent growth has flattened and what that means for operators
• What to do when units sit vacant longer than expected
• How we're adjusting pricing and strategy to maintain occupancy
• The reality of operating with bridge debt in today's market
• Why this environment is forcing operators to get better

Deals have always been hard to pencil—but today there's less margin for error.

If you're underwriting deals, actively operating, or trying to break into multifamily, this episode will give you a clear picture of what's actually happening right now.

This is an operator's market—and this is what it looks like.