From Physical Therapist to 1,000-Unit Multifamily Portfolio

In this episode, we break down how Lee Yoder went from physical therapist to building a 1,000-unit multifamily portfolio by buying deals most investors ignore. From finding overlooked properties on LoopNet to acquiring 400+ unit portfolios in tertiary markets, Lee shares how going where competition is lowest helped him scale while others chased crowded markets.If you’re enjoying conversations like this, join the Launch REI Newsletter for insights from top real estate investors: https://newsletter.launchrei.co/This Show Sponsored ByEasy Street Capital — a trusted private lender for real estate investors offering fast, flexible financing for rental properties and fix-and-flips.Check them out here: https://easystreetcap.com/launchrei/TrueBooks CPA — proactive tax strategy and accounting for real estate investors. From cost segregation and depreciation strategies to entity structuring and year-round tax planning, they help investors keep more of what they earn Check them out here: https://truebookscpa.com/home1?am_id=vince2128In this episode, we break down• How Lee went from physical therapist to full-time multifamily investor• Why he buys multifamily buildings other investors overlook• The 16-unit LoopNet deal that helped launch his portfolio• How tertiary markets can offer stronger cash flow and less competition• How he scaled into syndications and a 1,000-unit portfolio• His strategy for finding deals where competition is lowest• How he evaluates investor returns, leverage, and market risk• Lessons from operating through taxes, insurance shocks, and market shifts• Why property management determines whether deals succeed or fail• How to build wealth by going where others aren’t willing to goTime stamps00:00 Lee’s background and path into real estate15:42 First flip and early multifamily deals18:34 The 16-unit deal found on LoopNet30:19 Scaling into larger multifamily syndications34:11 How Lee targets returns and structures deals41:50 Buying a 400+ unit portfolio47:49 Finding deals others overlook50:57 Raising capital and operating 1,000 units54:16 Long-term strategy and lessons learnedGuest BioLee Yoder is a multifamily investor, syndicator, and founder of Threefold Real Estate Investing. After leaving a career in physical therapy, he built a portfolio of nearly 1,000 units focused on cash-flowing multifamily in overlooked Midwest markets. Through Threefold REI, Lee helps investors build wealth through apartment syndications and passive income opportunities.Connect with Lee YoderWebsite: https://threefoldrei.comLinkedIn: http://www.linkedin.com/in/lee-yoder-25793215aConnect with LAUNCH REINewsletter: https://newsletter.launchrei.coPodcast Guest Application: https://launchrei.co/podcast/guest-apply/Mastermind: https://launchrei.co/mastermindWebsite: https://launchrei.coFollow VinceInstagram: https://www.instagram.com/vincecrane_/LinkedIn: linkedin.com/in/vincecrane#multifamilyinvesting #apartmentsyndication #commercialrealestate #cashflowinvesting #passiveincome #realestateinvesting #financialfreedom #valueaddinvesting #tertiarymarkets #investormindset #launchrei #leeyoder