Ep #982 - Buying Multifamily Deals At A Large Discount

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Education, Investing, Business

4.6 • 1.4K Ratings

🗓️ 8 July 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Axel is an active real estate investor based in Boston, MA, and the founder of Aligned Real Estate Partners, focusing on acquiring class B and C value-add assets across the United States. His company holds a GP interest in over 450 multifamily units and has been involved in transactions exceeding $62M. Axel has sourced, raised capital, and operated multifamily transactions in several U.S. markets, including FL, IN, NH, and TX. He co-founded Blue Door Living, a property management firm in NH managing over 300 units, and hosts The Multifamily Wealth Podcast, a top-rated show in the industry.

Here's some of the topics we covered:

Axel's Path to Real Estate Investing Success 00:00
Key Lessons from Axel on Real Estate Investing 06:06
Nuances of Deals with Long-Term Owners 11:00
Direct Mail Strategies for Securing Multifamily Deals 16:56
Acquiring Multifamily Properties at Significant Discounts 22:54
Expanding Your Portfolio from Smaller Deals 27:05
Essential Tools for Identifying Multifamily Opportunities 35:14
The Top 3 Critical Details Not to Overlook 46:36

To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com

Transcript

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0:00.0	Over six years, you know, send him an email and put him in a CRM,
0:02.8	emailed him a couple times a year.
0:04.0	We built it like almost a friendship, like there was some level of reverence there.
0:08.0	And then when it was time to sell, he's like, time for you to buy it, right?
0:10.7	And it was the easiest transaction of all time because he knew the whole time
0:15.2	that we had built this report over a really long period of time.
0:18.6	Welcome! This is the Lifetime Cash Flow through Real Estate Investing Podcast. This is where you'll learn. the lifetime financial
0:27.6	financial freedom through real estate investing podcast.
0:30.6	Your host Rod Cleef has owned over 2,000 homes in apartments and he brings experts in all aspects of real estate investment and management onto the show.
0:40.0	Now here's your host Rod Cleef.
0:44.0	Welcome to another edition of Lifetime Cash Close in Real Estate Investing.
0:48.0	I'm Rod Cleef and I'm thrilled you're here.
0:50.0	We have a very interesting guest today, a guest that I'm actually going to be doing business with and he's going to be helping coach you guys on smaller multifamily deals.
1:00.0	His name is Axel Ragnarsen, and has a tremendous amount of experience actually has a course
1:06.1	around off-market multifamily deals which is smaller deals you know I pretty much focus
1:11.2	on the larger deals on the show so we're like hey we're missing
1:14.2	something really important here so we're gonna have a very interesting
1:17.5	conversation you don't want to miss. Welcome to the show brother.
1:20.3	Appreciate it. Yeah I'm looking forward to it. Really glad to have you here my friend. Well why don't why don't we get started just by having you tell a little bit of your story you know where you came from why smaller multi-family just kind of give us your bio give you the rundown yeah so I live in
1:34.6	Boston Mass originally grew up in New Hampshire so originally from New England's whole
1:38.8	life in New England's started buying small multifamily properties back in college.
1:45.0	I guess the reason I got into real estate was I wanted to flip houses,
	...

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