EPISODE · May 26, 2026 · 32 MIN
Building Big in Wisconsin: 52 Doors at 28 and 700 Units in 7 Years
from The Wisconsin Investor · host Corey Reyment
Send us Fan MailTwo Wisconsin investors. Two very different scales. One common thread: they both figured out how to move fast.Zach Morgan is 28 years old and holds 52 long term rentals, almost all of them BRRRed, after going solo just two years ago with 13 units and a low overhead lifestyle. Ryan Gray started a licensed assisted living business out of his college house at UW Eau Claire, parlayed those business reps into real estate, and hit 700 units of multifamily in seven years without ever doing a syndication.In this compilation episode you'll hear both of them break down how they actually did it, including:How Zach scaled from 13 to 52 doors in two years using community banks and the BRRRR method almost exclusivelyThe 40 unit creative finance deal that changed Ryan's entire trajectory, where he showed up to closing and got a check instead of writing oneWhy Zach started Caffeine and Cash Flow, now running at five Wisconsin locations, and what intentional networking actually looks likeHow Ryan self-manages 700 units with a head PM, four admins, and five maintenance guys, and why he says it's the only way at that scaleWhat Zach's first duplex looked like, two hoarders not paying rent with the city already involved, and why he's glad he bought itHow Ryan thinks about partnerships, what goes in the operating agreement up front, and why the exit conversation matters more than the entryWant the full conversations? Links below.Zach Morgan full episode: Spotify: https://open.spotify.com/episode/18cvfsldDCtcgAx0SAdBZX?si=8f770020c0b44e39 Apple: https://podcasts.apple.com/us/podcast/28-years-old-and-52-rentals-zach-morgans-real-estate/id1773166436?i=1000695847364Ryan Gray full episode:Spotify: https://open.spotify.com/episode/2u05Oh5U4nZVAq2p363ieC?si=c0120644d8c04124Apple: https://podcasts.apple.com/us/podcast/college-rental-to-700-units-in-7-years-ryan-grays-real/id1773166436?i=1000719624600Get off-market deals every Monday morning: WisconsinDiscountProperties.com
What this episode covers
Send us Fan Mail Two Wisconsin investors. Two very different scales. One common thread: they both figured out how to move fast. Zach Morgan is 28 years old and holds 52 long term rentals, almost all of them BRRRed, after going solo just two years ago with 13 units and a low overhead lifestyle. Ryan Gray started a licensed assisted living business out of his college house at UW Eau Claire, parlayed those business reps into real estate, and hit 700 units of multifamily in seven years without ev...
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Building Big in Wisconsin: 52 Doors at 28 and 700 Units in 7 Years
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