#324: Returning 100% of Investor Capital Within 14 Months On A 23-Unit Portfolio Deal + Lessons Learned Along The Way with Sean LeBlanc

In this debut episode of the podcast's new deal breakdown segment, Axel sits down with Sean LeBlanc of Mammoth Properties to dissect one of the most compelling deals they've done together — a 23-unit, three-property portfolio in New Hampshire that returned nearly all investor capital within 14 months, while still leaving two cash-flowing buildings on the books with solid long-term debt.Sean walks through the full lifecycle of the deal: how it was sourced off-market through a residential agent, how the joint venture was structured, the rough value-add conditions they inherited, what went better than expected (rents in Manchester), what went worse (the Farmington property), and how the decision to sell one building early unlocked a home run outcome for all investors involved.This episode is a masterclass in deal flexibility, portfolio loan structuring, and why scattered-site portfolios remain one of the last great opportunities to buy at a real discount in today's market.Join us as we dive into:How a 23-unit, three-property portfolio in New Hampshire was sourced entirely off-market through a residential agent relationshipHow Axel and Sean structured a simple joint venture to take down a deal that was at the ceiling of Sean's deal size at the timeThe value-add playbook: tackle vacant units first, assess inherited tenants for reliability, renovate quickly, and phase in rent increasesHow the Manchester properties outperformed projected rents — underwriting 3-beds at $1,800, achieving $2,100 on fully renovated downtown unitsThe decision to sell the Farmington property after one year: sale price of $1,210,000, net proceeds of $505,337 — nearly recovering the full $555,000 of invested equityHow a subsequent refinance of the remaining two Manchester buildings generated an additional $242,000 in proceeds, bringing total cash returned to $748,000 on $555,000 investedWhy partial release language in a portfolio loan is the single most important thing to negotiate before you closeWhy scattered-site portfolios remain one of the best places to find below-market deals — and why the big institutional buyers largely ignore themConnect with Sean LeBlanc:Follow him on InstagramLearn more about Mammoth PropertiesAre 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 provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinSubscribe to our YouTube channelLearn more about Aligned Real Estate Partners