In this episode, I break down our real-life case study of a 10-unit Section 8 property we picked up in November 2023—right at the peak of interest rates. We negotiated it down from $950K to $825K, closed with a brutal 7.93% loan, and dealt with all the C-class chaos you can imagine… including a guy literally living in a boat in our parking lot.

I’ll walk you through:

• How persistence won the deal after months of “no’s”

• Why we skipped renovations and parked our CAPEX at 5% interest

• Dealing with hurricanes, bad vendors, and Section 8 realities

• The upcoming refinance that could return 35–40% of investor capital tax-free

• Why infinite returns are the ultimate play

This is the gritty, unfiltered side of multifamily investing most people don’t talk about. If you want to know what it really takes to win in C-class properties, this is your episode.

Links: 🎯 Download the free Multifamily Credibility Kit: smallaxecommunities.com 📸 Tag me on Instagram: @_Nico_Salgdo 🎙️ Subscribe & share the show with someone who needs to hear this!

In today’s episode, Nico calls out the overcomplicated waterfall structures and financial gymnastics too many operators use to confuse LPs—and breaks down exactly how he structures his multifamily deals instead.

You’ll hear: – Why Nico avoids IRR-based waterfalls and keeps things clean with a simple preferred return – How his investors get paid before he sees a dime – The exact split structure he uses (and why he never hides fees or plays games) – The real reason some syndicators overcomplicate things—and why Nico refuses to

Whether you're an LP looking for transparency or an aspiring GP learning how to structure deals the right way, this episode will hit home.

👉 If this resonates, share the episode and tag @NicoSalgado on IG, TikTok, or LinkedIn. Let’s build empires the right way—brick by brick, deal by deal.

What if I told you that nobody cares about your effort—until you win?

This is the brutal truth about building anything meaningful: your work is invisible until it pays off. In this raw, unfiltered solo episode, I pull back the curtain on what it really takes to build a real estate business while working a W2, raising a family, and getting kicked in the teeth by the grind.

No exits. No millions. No highlight reel. Just truth.

I’ve lost money. I’ve closed deals after restaurant shifts. I’ve stayed up late, missed vacations, and poured everything into a dream most people won’t care about until it “works.”

This episode is for the ones still in the fight. The ones building with no applause. The ones doing it anyway.

If you're grinding in silence, doubting yourself, or waiting for someone to care—this is your sign to keep going.

👊 The hustle is invisible—until it’s not. 🪓 Keep swinging. 🔨 Build your empire. 🎧 Hit play.

Are you chasing cash flow and forgetting the big picture? In today’s episode, I break down the real reason we invest in multifamily—and why the goal isn't instant riches, but long-term capital preservation and control.

Here’s what I’m covering:

• The difference between cash flow and appreciation (and why you need both)

• Why preserving your capital should always come first

• How forced appreciation really works (and why it's not easy)

• Why multifamily beats stocks and single-family homes

• What to look for before parking your money in any deal

If you're ready to stop thinking like a hobbyist and start thinking like an investor and business owner, this episode is for you.

🎯 Grab my Multifamily Credibility Kit at https://smallaxecommunities.com 📩 DM me for a copy of my Deal Analyzer 🛠️ Full course launch coming soon — stay tuned!

Are you staring at spreadsheets without really knowing what they’re telling you?

In this episode, I break down the most important return metrics in multifamily real estate—from cash-on-cash and IRR to DSCR and equity multiple. I explain what they actually mean, why they matter, and how to use them to make smart investment decisions.

We’re not just guessing here. These numbers tell a story—and if you know how to read them, you’ll stop overpaying, start protecting your capital, and finally start growing real wealth.

Whether you're an LP trying to spot BS in a pitch deck or an operator building your summary page, this one is for you.

Episode 256 — Small Axe Podcast with Nico Salgado

You’ve been studying. Listening. Watching. Underwriting. But that first multifamily deal? Still not happening.

In this episode, I break down the real reasons you’re stuck—and they’re probably not what you think. 👉 It’s not just about money. 👉 It’s not just about the market. 👉 It’s not just about rates.

We’ll cover:

• The hidden traps of “learning mode”

• Why brokers aren’t taking you seriously

• The confidence-killing habit that’s blocking your progress

• A step-by-step roadmap to finally break through

• How to build credibility (even without a deal)

Plus, I share the exact 5 steps you can take this week to start gaining momentum—and get closer to closing your first building.

✅ Free Resource: Download the Multifamily Credibility Kit - www.smallaxecommunities.com 📥 DM me to get on the course waitlist: Buy Buildings, Build Empires 📩 Let's get your first deal under contract—fast.

Think you have to be a GP to succeed in real estate? Think again. In this no-fluff episode, I break down the four real levers that determine your success in multifamily: time, experience, education, and capital.

Whether you’re short on cash but loaded with hustle—or sitting on capital but strapped for time—you’ll discover exactly where you fit in this game. I’ll show you how to build wealth without burning out, why being the face of the deal isn’t always the smartest move, and how to play your role like a pro.

✅ How to know if GP is right for you ✅ Why LPs might have the real edge ✅ The hybrid roles that most investors overlook ✅ What’s killing your momentum before you even start

Stop following Instagram gurus blindly. Start building a real plan that matches your actual life.

Everyone’s nervous. Rates are high, the news is loud, and most investors are sitting on the sidelines. But I’m still buying.

In this episode, I break down exactly why multifamily still makes sense in 2025—and why fear-driven inaction is costing people the opportunity of a lifetime.

Here’s what you’ll get:

• Why I’m actively closing deals this year (with no outside capital)

• The real math behind today’s market

• What most people don’t understand about how wealth is created

• Why motivated sellers and creative financing are back

• What makes multifamily the most durable asset class—period

If you’ve been waiting for the “right time” to get into multifamily, let me be clear: that time doesn’t exist.

But smart investors learn to play the market they’re in.

Tune in and start thinking like an operator.

Think you know how to underwrite? Think again.

In Episode 253, I’m breaking down the real fundamentals of multifamily underwriting—what actually matters, what most people miss, and how to stop being emotional and start being objective.

You’ll learn:

• The key metrics that matter most (and why)

• How to build a realistic pro forma (not just a fairy tale)

• Why most deals don’t pencil—and how to spot the ones that do

• How I underwrite deals using my own proprietary model

Whether you’re still fumbling with napkin math or already analyzing deals weekly, this episode will sharpen your underwriting game—fast.

💻 Want my free Credibility Kit? Go to www.smallaxecommunities.com

And my deal analyzer will be there too! If it's not ready for some reason, DM me and I will send you a Beta version!

🪓 Let’s sharpen your axe together.

In today’s episode, I get real about what it actually looks like to build a multifamily investing business from scratch.

✅ No fluff. ✅ No overnight success stories. ✅ Just the honest truth about the grind, the fees, and why I’m still in the game—despite not being financially free (yet).

You’ll learn:

• Why I thought I’d be rich in a year... and what really happened

• The difference between active and passive investing (this is huge)

• Why you need to know your “why” before diving in

• What to expect if you're starting with no money

If you’re serious about investing, don’t miss this one.

🎁 Grab my free Credibility Kit for new investors 👉 smallaxecommunities.com

📩 Want personal help getting started? DM me or reach out through the site. I still offer free intro calls—but not for long.