Looking to scale up your real estate investing business? If so, don’t miss this incredibly powerful episode of The BiggerPockets Podcast.
On today’s show, you’ll meet Todd Dexheimer, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years.
You’ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team—no matter how far he’s located from the property.
In This Episode We Cover:How Todd got started in real estateHow he found and financed his first dealWhat exactly a 203k loan isHow he bought a rental and a flipHow to three projects at the same time while working a full-time jobWhat his investing life looks like todayHow he scaled his investing to hundreds of purchasesHow he was able to gradually quit his jobTips for digging deeper with midsize multifamily propertiesWhat he looks for in a propertyAdvice for getting the overall picture of the market (a unique way to study markets)How Todd manages to invest out-of-stateHow to get the right people on your teamWhy he chose CincinnatiThe story behind his 84-unit contractHow he manages his projectsHis ski resort storyTodd’s vision of owning $200 million in real estateAnd SO much more!Links from the ShowBiggerPockets ForumsCBREMarcus & MillichapARA RentalColliersRedi CincinnatiLoopNetTruliaRaising Money to Buy 1,000 Apartment Units with Brian AdamsBooks Mentioned in this ShowSet for Life by Scott TrenchFinding & Funding Great Deals by Anson Young (discounted!)Emerging Real Estate Markets by David LindahlRich Dad Poor Dad by Robert KiyosakiThe ABCs of Real Estate Investing by Ken McElroyHow to Win Friends & Influence People by Dale CarnegieFire Round QuestionsIs a roof deck on a multifamily worth building?What services could a person provide that would not be considered acting as a property manager?Short Term or Long Term Lease?Flipping a house with extensive mold (advice or order of repairs)Adding sqft to a homeOwner wants to sell 9 mos from now…best way to tie up property?Tweetable Topics“It’s not just about good cash flow; it’s about your ability to get out of that investment in the future.” (Tweet This!)“It’s all a referral business. People talk about people they like and trust.” (Tweet This!)“If you’re going to try to raise money, you’ve got to have people who know what you do.” (Tweet This!)“Getting good tenants is the best strategy.” (Tweet This!)Connect with ToddTodd’s BiggerPockets ProfileTodd’s Company WebsiteTodd’s Linkedin ProfileTodd’s Podcast