248: From Shop Teacher to Multifamily Syndicator with Todd Dexheimer | Bigger Pockets Podcast
Looking to scale up your real estate investing business? If so, don’t miss this incredibly powerful episode of The BiggerPockets Podcast.
On today’s show, you’ll meet Todd Dexheimer, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years.
You’ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team—no matter how far he’s located from the property.
In This Episode We Cover:
How Todd got started in real estate
How he found and financed his first deal
What exactly a 203k loan is
How he bought a rental and a flip
How to three projects at the same time while working a full-time job
What his investing life looks like today
How he scaled his investing to hundreds of purchases
How he was able to gradually quit his job
Tips for digging deeper with midsize multifamily properties
What he looks for in a property
Advice for getting the overall picture of the market (a unique way to study markets)
How Todd manages to invest out-of-state
How to get the right people on your team
Why he chose Cincinnati
The story behind his 84-unit contract
How he manages his projects
His ski resort story
Todd’s vision of owning $200 million in real estate
And SO much more!
Links from the Show
BiggerPockets Forums
CBRE
Marcus & Millichap
ARA Rental
Colliers
Redi Cincinnati
LoopNet
Trulia
Raising Money to Buy 1,000 Apartment Units with Brian Adams
Books Mentioned in this Show
Set for Life by Scott Trench
Finding & Funding Great Deals by Anson Young (discounted!)
Emerging Real Estate Markets by David Lindahl
Rich Dad Poor Dad by Robert Kiyosaki
The ABCs of Real Estate Investing by Ken McElroy
How to Win Friends & Influence People by Dale Carnegie
Fire Round Questions
Is a roof deck on a multifamily worth building?
What services could a person provide that would not be considered acting as a property manager?
Short Term or Long Term Lease?
Flipping a house with extensive mold (advice or order of repairs)
Adding sqft to a home
Owner wants to sell 9 mos from now…best way to tie up property?
Tweetable Topics
“It’s not just about good cash flow; it’s about your ability to get out of that investment in the future.” (Tweet This!)
“It’s all a referral business. People talk about people they like and trust.” (Tweet This!)
“If you’re going to try to raise money, you’ve got to have people who know what you do.” (Tweet This!)
“Getting good tenants is the best strategy.” (Tweet This!)
Connect with Todd
Todd’s BiggerPockets Profile
Todd’s Company Website
Todd’s Linkedin Profile
Todd’s Podcast
Learn more about your ad choices. Visit megaphone.fm/adchoices
