#38: Finding Stale Deals on Loopnet, Effective Property Management, and How a Physical Therapist Bought 4 Deals in 4 Months with Lee Yoder

Great show this week with Lee Yoder for investors both large and small - we learn how Lee was able to transition from a career in physical therapy to replace his income in a short period of time with multifamily real estate. Lee talks about how he found great deals on Loopnet (most people say you can’t!) and what he learned in the turnaround process, such as managing the rehab, implementing better management, and much more. Lee also talks about why the syndication model may not make sense for a lot of investors… so if you’re someone who wants to grow your portfolio but doesn’t want to focus on raising capital, you’ll want to listen.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:3:35 Lee shares his background as a physical therapist and how he got into real estate.7:32 We discuss the differences between working in the corporate world vs. owning a business and we learn the challenges Lee faced when leaving his job. 10:39 Lee shares the details regarding his first flip.13:30 We discuss Lee’s favorite aspects of real estate16:48 Lee talks about how he learned to underwrite deals and how he began acquiring larger multifamily properties. 21:15 We discuss how Lee financed one of his larger deals and what he learned after he closed and began executing his business plan.29:58 Lee shares what he is currently focusing on in his business. 35:00 We discuss why Lee is focusing on larger multifamily properties and why there is more competition relative to smaller properties. 39:00 Lee gives tips to investors looking to scale their businesses and acquire larger properties. 43:53 Lee shares his biggest business-related failure and what he learned from it.46:10 We discuss how networking is essential in real estate and why it can help you grow. 47:30 Lee discusses his short-term goals.CONNECT WITH LEE:https://www.linkedin.com/in/lee-yoder-25793215a/https://threefoldrei.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners