Off-market deals tend to be the best in the business. More often than not, mom-and-pop multifamily owners have properties sitting with low rents, deferred maintenance, and outdated marketing, waiting for an investor just like you, or in this case, Axel Ragnarsson to come in. Axel got his start in multifamily real estate investing when he was a junior in college, scoring an under-market triplex with the help of private money.
While that triplex never did turn a profit, it gave Axel the education and confidence to do it again. His small deals snowballed into larger deals, and now he’s sitting on three hundred units worth of multifamily with over $37M in valuations. Most of the deals were done off-market, meaning axel had to direct mail, cold call, and cold email owners within his area.
One of these methods boasted a surprisingly high response rate, allowing him to lock up the initial deals that would help boost his image and credibility. Axel touches on getting into commercial real estate, funding deals when you’re not able to finance them yourself, how to find off-market deals, and the importance of finding a great mentor.
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Join BiggerPockets for FREE
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Check out Last Week’s Episode on How to Find a Mentor: with Axel on
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Invest with Aligned Real Estate Partners:
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Follow Axel on Instagram:
@multifamilywealth or
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Listen to “The Multifamily Wealth
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How To Find Great Deals by Building an Off-Market List:
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Connect with Terrance:
Instagram: @terrancedoyle or
BiggerPockets:
LinkedIn:
Connect with Chris:
Instagram: @chrislopez_co or
BiggerPockets:
LinkedIn:
00:00 Intro
02:04 From Flipping Cars to Funding Rentals
07:12 Triplex at 21 Years Old
11:42 Funding The First $200k Deal
17:32 Graduating into Commercial Real Estate
21:11 Marketing Direct to Seller
26:03 Creative Financing on an Off-Market 27-Unit
36:10 Why You NEED a Mentor
Recommended Reading >> bit.ly/32kRpzw
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