EP 193: Michael Wegmann and Randy Smith - California Active Investor To Passive Investing

MICHAEL WEGMANN, MBA After building a real estate portfolio of over $32M, Michael Wegmann founded Wegmann Investments because he saw the highest return on 100+ apartment complexes in Texas and Arizona, and other “landlord” friendly, no rent-control states. That’s when Michael found Rise 48. Michael founded Wegmann Investments so that his family, friends clients could earn high returns from apartment flipping and syndication. After 28 years of Real Estate experience in California of “flipping” 5 homes and 11 apartment complexes in RENT CONTROLLED cities, he began to look for more profitable cities. With an MBA, a real estate license and having flipped 16 properties, Michael immensely the flipping process and how Rise 48 is the best in the Nation. Prior to Wegmann Investments, Michael worked at IBM, Paramount Pictures Interactive and co-founded Math.com, the World’s Most Popular Math Site. RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor