Small Axe Podcast

Five Steps to Owning 194 Apartments in 12 Months

In this episode, Nico of the Small Axe community shares his journey from owning no apartments to closing on a 194-unit apartment complex within 12 months. He provides a detailed five-step framework to achieve similar success. The steps include realizing the importance of teamwork, continuous education, finding mentors, relentless networking, and taking action. Nico emphasizes the necessity of being genuine during networking and the value of taking risks to gain significant rewards. He also recounts his experiences and the key role of mentorship in his real estate journey.

00:00 Introduction: From Zero to 194 Apartments

00:59 Step 1: Realization - You Can't Do It Alone

03:19 Step 2: Education - The Key to Success

04:57 Step 3: Mentorship - Finding the Right Guidance

07:06 Step 4: Networking - Building Your Team

10:55 Step 5: Taking Action - Making It Happen

14:47 Conclusion: Recap and Final Thoughts

In this episode, Nico provides a comprehensive guide for deal finders and hunters at all experience levels to acquire multifamily properties. Key topics include the importance of loving the search, narrowing down your market and deal criteria, utilizing various resources like LoopNet, MLS, Crexi, and establishing broker relationships. Additionally, the episode covers direct-to-seller strategies, cold calling, leveraging partnerships, attending meetups, and maintaining a consistent, positive communication approach with brokers to ensure success in securing deals.

00:00 Introduction: Finding Your First Multifamily Deal

00:42 The Love for Deal Hunting

01:14 Choosing and Researching Your Market

02:33 Searching for Deals: MLS, LoopNet, and More

04:22 Solidifying Your Deal Criteria

08:23 Building Broker Relationships

09:44 Direct to Seller Strategies

11:20 Networking and Community Involvement

16:40 The Importance of Consistent Communication

19:05 Final Tips and Encouragement

In this episode, Nico discusses powerful real estate investing strategies specifically in the multifamily sector. He covers syndications, explaining how pooling resources allows larger real estate acquisitions, and the benefits for both active and passive investors. Nico also introduces the BRRRR (Buy, Renovate, Rent, Refinance, Repeat) strategy, highlighting its applicability to multifamily real estate and how it can be integrated with syndications. The episode concludes with insights into remote investing, stressing the importance of having a reliable local partner and active involvement for success.

In this episode of the 'Small Axe Community,' host Nico discusses strategies and insights for building a multifamily real estate portfolio despite current market challenges. He covers recent data on housing construction, vacancy rates, and housing affordability, particularly in Lakeland, Florida. Nico and his guest discuss the impact of interest rates on new developments and the rental market, emphasizing the importance of cash flow, understanding property conditions, and maintaining broker relationships. Nico concludes with a positive outlook for the multifamily sector, suggesting that disciplined and consistent investors will ultimately succeed.

Navigating the Multifamily Real Estate Market in 2024

In this episode, Nico delves into the complexities of the multifamily real estate market as of 2024. He discusses the shift from dealing with old brokers to new brokers, the challenges of high property prices, and the difficulties in managing and renting out units. Nico shares his personal strategies on underwriting, dealing with inflated prices, and the importance of realistic cash flow projections. He emphasizes the significance of sticking to sound investments and not being swayed by overly optimistic proforma figures. Listeners are encouraged to reach out for help with underwriting and to stay cautious in a highly competitive market.

00:00 Introduction and Purpose of the Show

00:37 Challenges in the Multifamily Market

03:20 Current Market Strategies

04:12 Broker Relationships and New Opportunities

07:43 Navigating Today's Market

09:33 Conclusion and Final Thoughts

This episode highlights the advantages of investing in multifamily real estate from the perspective of a newbie. Nico discusses owning apartment buildings and the benefits of having multiple tenants reduce vacancy risks compared to single-family properties. He explains that tenants' rent payments cover the mortgage, increasing equity and allowing rent hikes with inflation and population growth. The concept of syndication is introduced, where individuals pool resources to buy properties they can't afford individually, offering passive investors a chance to earn returns without managing the property. Nico emphasizes the importance of thorough deal evaluation and the efficiency of owning multiple properties.

In this episode, Nico discusses the current challenges and strategies in the real estate market, specifically focusing on multifamily properties. He highlights the prolonged leasing periods, higher vacancy rates, and the need for realistic underwriting. Nico shares his experiences with his own portfolio of 70 units in Florida, emphasizing the importance of adjusting expectations for rent increases, accounting for higher expenses, and the critical role of thorough market analysis. The episode also covers practical tips for managing properties, such as maintenance plans and different financing strategies to ensure cash flow. Listeners are encouraged to stay educated and persistently search for viable deals.

In this episode of the Small Axe Podcast, host Nico interviews Sean D. Martell from Takeoff Capital. Sean shares his journey from being an air traffic controller in the Navy and FAA to becoming a successful real estate investor. The conversation covers his initial investments in multifamily properties, such as a profitable project in Indianapolis, and progresses to his current focus on developing infill multifamily units in San Diego using new density bonus programs. Sean also discusses the benefits and challenges of shifting from value-add investments to new developments, touching on financing strategies and the market dynamics of areas like San Diego. The episode provides valuable insights for aspiring real estate investors, emphasizing the importance of due diligence, long-term planning, and adapting to market conditions.