Starting a real estate investment firm out of college is a massive challenge, from raising money to brokers not taking you seriously. In this week’s episode, I chat with Jake Pence to discuss how he overcame these challenges and built a successful investment firm. He explains the importance of building a relationship with brokers in the same season as he is and leveraging somebody else’s experience, network, and liquidity to push your real estate investing forward. Jake shares his insights on evaluating an investment's risk and how he uses a scorecard to compare deals (cool stuff)! We discuss understanding the market’s ebb and flow to make the best use of your time. Whether you’re an experienced investor or just getting started, this episode is a must-listen for anyone looking to succeed in the world of real estate.

Originally from Central Illinois, Jake Pence went to college at the University of Illinois, where he studied finance with a concentration in real estate. During college, Jake purchased his first investment property and interned for two large real estate private equity firms, where he worked in various property management, asset management, and acquisitions roles. Jake decided to start his firm, Kaski, immediately after graduating in 2019.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Show Notes:

Overcoming the challenges of raising money with a very limited track record

The importance of knowing the level of decision-making criteria of a higher level of competition

How being consistent and intentional can help you attract investors and brokers

Benefits of knowing exactly what your investors want and how much they are willing to spend

How to leverage somebody else’s experience, network, and liquidity to push your investment forward

Secrets to quantifying the different risks in doing deals

Network with Jake:

Website: investkaski.com

Instagram: Jake Pence

LinkedIn: Jake Pence

Twitter: Jake Pence

Connect with Axel:

Follow on Instagram

Follow on LinkedIn

Invest with Aligned Real Estate Partners

In this episode, I talk about what people frequently get wrong about buying courses or paying for education. There are no silver bullets!

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Connect with Axel:

Follow him on Instagram

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Learn more about Aligned Real Estate Partners

In this episode, I talk with Terrance Doyle, the founder, and CEO of VareCo, a successful real estate investment company focused on buying and operating value-add multifamily properties. Terrance shares his personal story and how he was able to overcome the challenges of not having a traditional financial background and educate himself in the field of real estate. We discuss the importance of pairing great sales skills and relationship development with operational excellence. Terrance explains how having control over all aspects of the real estate development process — from acquisition to construction to management — has allowed VareCo to be more efficient, cost-effective, and responsive to market conditions. Terrance offers valuable insights and advice for those looking to succeed in the real estate industry, and for anyone who wants to learn more about wealth creation and financial education. Don’t miss this opportunity to learn from one of the best in business!

Terrance Doyle is a full-time multifamily operator focused on heavy-value add deals. Terrance started his career in real estate, flipping homes in 2008 after over 600 single-family flips and building an entire construction team; he saw the opportunity to scale up. Terrance then founded the Value Add Real Estate Company (VareCo) in 2015. Since then, it has grown its portfolio yearly, averaging 10 multifamily acquisitions annually between two markets with deal sizes averaging $10M. Currently managing $250M in assets, VareCo holds 600+ units in Terrance’s hometown of Des Moines, Iowas, and 600+ units in Denver.

Check out the episode I did with The Multifamily Mentors Show to know how to find off-market deals and much more.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Show Notes:

The importance of educating yourself on the fundamentals of business and money

How to identify when you should "level up" and scale your portfolio

How to edge out the competition by developing relationships

Benefits and risks of a vertically-integrated organization

How to leverage design by knowing your market to add disproportionate value to properties

Connect with Terrance:

Instagram: Terrance Doyle

LinkedIn: Terrance Doyle

Website: thevareco.com

Connect with Axel:

Follow on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners

In this episode, I discuss how an investor should think about delegation in their multifamily business, specifically, the three levels of delegation and when investors should make specific hires.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Connect with Axel:

Follow him on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners

Do you live in an expensive area but still want to acquire income-producing real estate? In this week’s episode, Phil discusses why he picked New Hampshire to start his investing career and how the competitive landscape in rural areas makes it easier to find great deals. Phil’s experience will ring true with those who are living in an expensive area and want to invest in a different market. Additionally, listening to Phil’s insight on why/how being in real estate full-time helped him in his investments and networking.

While attending college in Boston, Phil began to pursue his real estate career. At 19, he quickly became a top rental agent in Boston with Warren Residential. By graduation, Phil had built a successful business helping buyers and sellers achieve their real estate goals in Downtown Boston. In addition to his success as a real estate agent, Phil began investing in small multi-family properties in 2016. Today, Phil has built a portfolio of 70+ multifamily units in New Hampshire, a market that Phil strongly believes has the greatest upside in the northeast.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Show Notes:

Phil talks about his background and how he began his career in real estate.

Phil shares his first deal, his mindset at the time, and what drew him to it.

We discuss what drew Phil to invest in multifamily property and why it’s a powerful strategy.

Phil talks about what his first investment turned into.

Phil explains how he used the 1031 exchange strategy to level up his portfolio.

We talk about his thought process on deciding where to invest and what markets to explore.

We consider the lessons Phil learned from self-managing his properties and the benefit of outsourcing property management.

We explain how being in real estate full-time helps you invest and network.

We discuss our expectations for the residential and multifamily markets

Phil shares his investment goals for 2023.

Phil talks about where and what types of properties his company, Windrift Real Estate, is
 brokering.

Connect with Phil:

Instagram - @windriftrealestate

Connect with Axel:

Follow him on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners

TJ Burns is the expert guest on this week's podcast, giving listeners insight into achieving financial independence through actively and passively investing in real estate. He began as just a curious individual looking to break free from his 9-5 as an engineer, and today he boasts several successful investments under his belt! Find out how TJ has navigated his journey of investing actively, to investing passively, to raising capital for other investors' deals.

Tom 'TJ' Burns is the Founder & Principal of Burns Capital Partners, a real estate-focused private equity firm. After finding success as a passive investor, TJ switched his focus to helping others build wealth through real estate syndications. As a fund manager, TJ has closed on numerous deals across 5 states and 400+ units of real estate. He's also a limited partner on nine assets that collectively cover Multifamily, STRs, MHPs & self-storage.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Show Notes:

TJ shares how he got involved in real estate and what he is looking forward to

The story of how TJ and Axel met and started working together

How to participate in real estate deals without being the operator

TJ discusses the advantages and disadvantages of investing passively and actively

The three important components in a passive real estate investment - the people, the market, and the deal.

Selecting the types of projects to pursue - asset class, the intensity of a business plan, appreciation vs. cash flow, etc.

Truly defining a "private equity" real estate business

"You are best equipped to help the person you once were." - TJ Burns

Defining your avatar when raising capital

Recommendations for new real estate investors looking to passively invest or raise capital.

Connect with TJ:

https://burnscapital.co/

[email protected]

Connect with Axel:

Follow him on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners

Creative financing can seem daunting for those who have always invested using traditional financing - luckily, this week's guests are here to help! Tune in and listen to Christian & Cody as they share their journey on creatively financing properties while growing their portfolio, greatly minimizing their required cash out of pocket. These two are eager to guide those starting along the right path by providing beneficial advice and strategic shortcuts to support you through your real estate goals.

Cody and Christian partnered over a year ago... 100+ rental units and a resort later, and they are still having a blast managing and expanding the portfolio. Cody started at 19 years old with a seller-financed 12 plex, and Christian started at 29 years old with a duplex. In addition to discussing creative financing, Cody and Christian share the core investing "principles" they've sworn by as they grow their portfolio. These principles have guided their decision-making and investment goals, which is extremely enlightening!

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Show Notes:

Cody’s background and how he got into real estate.

Christian’s background and how he got into real estate.

Cody and Christian share their investing principles.

Christian and Cody discuss where they are sourcing their opportunities.

Cody and Christian share tips and tricks on learning more about real estate.

Christian and Cody discuss seller financing.

Christian and Cody explain how they approach sellers about seller financing.

They provide an example of how someone “overpitched”.

They discuss how most business owners know what they want.

Christian discusses the most beneficial structures as buyers.

Cody discusses negotiating with sellers.

They share their insights about holding back a mortgage versus investing in the stock market.

They share how they are managing their assets.

Cody discusses what a typical business plan and deals they buy look like.

Christian shares the principle they are going with now that helps them to achieve what they have now.

Christian and Cody share their goals for the next 12-18 months.

They both share final tips for the audience.

Connect with Cody and Christian:

https://www.youtube.com/@Multifamilystrategy/videos

Connect with Axel:

Follow him on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners

In this episode, I discuss our 2023 goals and how I defined the types of units we're looking to buy. I also discuss why an investor should specifically define the types of units they want to buy, including:

The specific market

The class of asset

What percentage of ownership you'll have

The complexity of the business plan

Looking forward to bringing more value to this pod in 2023 - thank you all for a great year!

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Connect with Axel:

Follow him on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners

I oftentimes receive the following questions from passive investors, active investors, people online, etc:

What is a real estate syndication?

What is a preferred return, and what is a GP/LP split?

How do people get paid in a real estate syndication?

In this episode, I provide a fundamental explanation of real estate syndications and share the most common structure behind syndicated real estate deals.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Connect with Axel:

Follow him on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners

 This is a lesson that took me too long to learn... and something I'm constantly thinking about as we enter new markets, forge new relationships, and work with new vendors.

It's important to keep this in mind, especially as we enter a recessionary environment where inexperienced vendors are cutting prices to gain business.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Connect with Axel:

Follow him on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners