Small Axe Podcast

Everyone's nervous. Rates are high, the news is loud, and most investors are sitting on the sidelines. But I'm still buying. In this episode, I break down exactly why multifamily still makes sense in 2025—and why fear-driven inaction is costing people the opportunity of a lifetime. Here's what you'll get: Why I'm actively closing deals this year (with no outside capital) The real math behind today's market What most people don't understand about how wealth is created Why motivated sellers and creative financing are back What makes multifamily the most durable asset class—period If you've been waiting for the “right time” to get into multifamily, let me be clear: that time doesn't exist. But smart investors learn to play the market they're in. Tune in and start thinking like an operator.

Think you know how to underwrite? Think again. In Episode 253, I'm breaking down the real fundamentals of multifamily underwriting—what actually matters, what most people miss, and how to stop being emotional and start being objective. You'll learn: The key metrics that matter most (and why) How to build a realistic pro forma (not just a fairy tale) Why most deals don't pencil—and how to spot the ones that do How I underwrite deals using my own proprietary model Whether you're still fumbling with napkin math or already analyzing deals weekly, this episode will sharpen your underwriting game—fast.

In today's episode, I get real about what it actually looks like to build a multifamily investing business from scratch. ✅ No fluff. ✅ No overnight success stories. ✅ Just the honest truth about the grind, the fees, and why I'm still in the game—despite not being financially free (yet). You'll learn: Why I thought I'd be rich in a year... and what really happened The difference between active and passive investing (this is huge) Why you need to know your “why” before diving in What to expect if you're starting with no money If you're serious about investing, don't miss this one.

In today's raw and real episode, Nico gets straight to the truth: you're never going to feel “ready.” But guess what? Readiness is a lie. The ones who win aren't the smartest—they're the most coachable. Nico shares why coachability, not perfection, has been his superpower in building a multifamily portfolio from zero to 76 units. You'll hear about surfing lessons, real estate mistakes, ego traps, and what it really takes to build a life on your own terms. If you've been waiting for the perfect moment… this episode is your wake-up call. Paddle in, even if you're scared. Especially if you're scared.

Are you still dreaming about closing your first multifamily deal… but haven't pulled the trigger yet? In this solo episode, Nico issues a direct challenge: get a deal under contract THIS WEEK. Whether you're brand new or already analyzing deals, this is your tactical blueprint to stop hesitating and start executing. In this episode, you'll learn: – Why imperfect action beats waiting for perfect timing – How to identify and underwrite 5–20 real deals TODAY – Scripts to engage brokers and unlock pocket listings – How to confidently submit 3+ LOIs—even as a beginner – Creative terms that win deals without raising your price – Due diligence tips to protect your money and your sanity

"Off-market" sounds like a guaranteed win, right? Wrong. In this episode, Nico Salgado blows up the hype around off-market deals—and reveals the brutal truth: just because a deal is off-market doesn't mean it's a good deal. In fact, it might be garbage nobody else wanted. Learn how to filter the real opportunities from the fake ones, survive the FOMO traps, and build your empire on cash flow—not broker fairy tales. ✅ Inside this episode: Why most "off-market" deals are just marketing ploys How to spot real seller motivation (and why it matters) How to stress-test every deal BEFORE you waste time or money Why relationships—not email blasts—get you true off-market wins How to stay sharp, stay patient, and buy real assets—not hype Off-market is just a headline. Cash flow, equity growth, and risk management are the real story.

Value-add sounds sexy… until it eats you alive. In this episode, Nico Salgado exposes the brutal reality behind those hyped-up "value-add" deals. From contractor nightmares to tenant drama, blown timelines to CapEx catastrophes — value-add isn't just paint and granite countertops. It's chaos, leadership, cash reserves, and grit. Learn what it really takes to survive and thrive in the value-add game without getting crushed. ✅ Inside this episode: Why most value-add budgets are complete fantasy How to spot contractor red flags before they wreck your project The hidden risks of tenant turnover (and how to manage them) Why patience reserves are just as important as cash reserves How to build real equity without losing your mind (or your shirt) Stop believing the gurus. Start building like a real empire maker.

You've been lied to about cap rates. Brokers flash shiny cap rates in your face — but behind the scenes? Fake numbers, hidden expenses, and looming CapEx tsunamis. In this episode, Nico breaks down why cap rates mean nothing without context, how to spot broker tricks, and what REALLY matters when buying multifamily deals. Stop chasing fantasy returns — start underwriting like a pro. Stay sharp, stay dangerous, stay Small Axe strong.

You don't need deep pockets, fancy credentials, or a family legacy in real estate to get into the game. What you do need? Hustle, grit, and the mindset to earn your seat at the table. In this episode, Nico breaks down exactly how he started from zero—no capital, no track record—and earned equity in multifamily deals using nothing but sweat equity and strategy.

Most people think real estate is a shortcut to sipping drinks on a beach. But unless you're coming in with a few million to deploy, this game ain't passive—it's a grind. In this solo episode, Nico pulls back the curtain on what it really takes to succeed in multifamily real estate: the lawsuits, the tenant drama, the all-nighters, and the long-haul strategy that builds real wealth. If you're serious about investing—without the sugarcoating—this one's for you.

Think managing your own rentals is saving you money? Think again. In this raw, no-holds-barred episode, Nico pulls back the curtain on third-party property management—and why it can be the key to scaling your multifamily business or the trapdoor that kills your cash flow. Whether you own 10 units or 100, this episode is packed with hard-won insights on: ✅ The real cost of self-management ✅ When to outsource and when to go in-house ✅ EXACTLY what to ask when interviewing a property manager ✅ Red flags to watch out for before it's too late ✅ How to set KPIs, enforce accountability, and protect your NOI ✅ The truth about tenant screening, leasing efficiency, and turn costs If you're ready to build an empire—not babysit toilets—this is your tactical guide to finding, vetting, and partnering with the kind of property manager who thinks like an asset manager. This episode is real talk from someone in the trenches, not fluff from the sidelines.

$60,000 lost before. $20,000 on the line again. One investor bailed. Another hesitated. My lender dragged their feet. And I signed the closing documents while waiting tables at my second job—between orders and clearing tables. This is the final chapter in the raw, chaotic, and very real story of how I closed on a 6-unit apartment building—juggling three jobs, a full family life, and relentless stress. Inside this episode: ·       How I negotiated $50K off the purchase price ·       Why I went with hard money (and what it cost me) ·       How I raised $150K in 5 days after my main investor bailed ·       What it really feels like to bet everything—and almost lose If you're waiting for perfect timing, stop. Deals don't die—people quit.

Struggling to get brokers and sellers to take you seriously? You're not alone. The #1 challenge for new (and even experienced) multifamily investors isn't just finding deals—it's proving you're a closer. That's where a Credibility Kitcomes in. In today's episode, I'm breaking down: ✅ What a Credibility Kit is and why it's a game-changer for real estate investors ✅ How to build one in less than a day (even if you're brand new) ✅ The key components that make brokers instantly take you seriously ✅ How to use it to get brokers, sellers, and investors to engage with you ✅ Pro-level strategies for standing out—even in a competitive market

Winning in multifamily isn't about luck—it's about strategy, mindset, and execution. The best investors don't just buy properties; they build legacies. In today's episode, I'm breaking down 4 power moves that separate the real players from the amateurs in multifamily real estate. Whether you're a new investor looking to land your first deal or a seasoned pro trying to navigate this shifting market, these strategies will give you the edge you need. Here's what you'll learn: ✅ Mastering the Art of the Deal – Why the best investors create opportunities instead of chasing them. ✅ Building a Network That Moves Mountains – How to leverage relationships to accelerate your success. ✅ Taking Action Before You Feel Ready – Why waiting will kill your momentum (and how to avoid it). ✅ Playing the Long Game – The real secret to compounding wealth and lasting success in multifamily real estate.

Episode 239: We Risked $15K to Save $50K – The High-Stakes Battle to Close Our 6-Unit Deal (Part 2) What really happens behind the scenes of a multifamily deal before the closing table? Spoiler: it's never smooth. In this episode, I'm giving you the raw, unfiltered update on our 6-unit acquisition in Plant City, Florida. We're still under contract, but it's been a rollercoaster of tight deadlines, surprise negotiations, seller drama, and serious money on the line. ✅ How we secured a $50K seller credit ✅ Why we risked $15K of earnest money ✅ The panic moments (yes, I lost sleep) ✅ Our financing strategy using hard money ✅ The creative moves that kept this deal alive We're not at the finish line yet—closing is set for March 18th—but this is the kind of real, behind-the-scenes insight that most investors won't share. If you've ever wondered what it really takes to get deals done in today's market, this episode is for you.

So, you've decided you want to be a multifamily real estate investor—but now what? Feeling stuck because you don't have a business name, logo, or email signature? Overwhelmed by the back-end setup that no one talks about? In this episode, I break down the exact steps you need to take to launch your real estate investing brand the right way—fast. From choosing between a personal brand vs. company name, to setting up your logo, email signature, and social media presence, I'll walk you through everything you need to start taking action today.

Nobody sees the hours you put in—the late nights, the early mornings, the deals that slip away. But this is the game, and if you're in it, you already know: multifamily real estate investing is a battle won by those who refuse to quit. In this raw, no-script episode, I break down: ✅ The 10 offers I submitted this week—and why only one got accepted ✅ How to structure deals, raise capital, and negotiate like a pro ✅ The real mindset it takes to survive and thrive in this game ✅ Why networking, relentless outreach, and smart underwriting separate winners from dreamers

The multifamily investing game has changed dramatically over the past few years, and 2025 is no exception. With interest rates still high, cap rates adjusting, and investors on the sidelines, how do you find real opportunities in today's market? In this episode of The Small Axe Podcast, I'm breaking down the exact strategies smart investors are using to navigate the shifting landscape. If you're serious about building wealth through multifamily real estate, you need to understand where the deals are happening and how to structure them for success.

Multifamily real estate can build wealth—but it can also break you. In this episode, I pull back the curtain on the side of investing that no one talks about. You see all the wins on social media—big deals, massive cash flow, financial freedom—but what about the challenges? The long hours, the financial risks, the emotional rollercoaster? If you're thinking about getting into multifamily, you NEED to hear this first. I dive into: ✅ The real costs of investing—time, money, and credibility ✅ Why “no money, no problem” is misleading ✅ The truth about syndications, JVs, and creative financing ✅ Broker and seller games that can derail your deals ✅ The emotional toll of investing and how to survive it This game isn't for everyone. But if you're serious about making it work, I'll tell you exactly what it takes.

Are you ready to fast-track your multifamily investing success? In this episode, I'm sharing 10 game-changing lessonslearned from years of real estate investing—hard-won insights that can save you time, money, and stress. Discover why relationships matter more than transactions, how to avoid underwriting pitfalls, the importance of niching down into one market, and the systems that make scaling your real estate business possible. Whether you're just starting out or scaling up, these actionable tips will help you avoid costly mistakes and build a legacy beyond wealth.

In this eye-opening episode of the Small Axe Podcast, we dive into a critical question shaking up the multifamily real estate market: Who's buying that deal? Too many inexperienced buyers are overpaying for properties, inflating prices, and creating challenges for serious operators. But don't worry—we're breaking it all down for you. Here's what you'll learn in this episode: ✅ The key players in the multifamily market—from institutional buyers to mom-and-pop investors. ✅ How risky and uninformed buyers are driving price inflation and creating market instability. ✅ Why staying disciplined, educated, and focused on fundamentals is the ultimate competitive edge. ✅ The importance of mastering underwriting and building credibility with brokers. ✅ How to stand out in a crowded market and build sustainable wealth.

In this episode of the Small Axe Podcast, Nico dives deep into the harsh realities of multifamily real estate investing. Spoiler alert: this game is not for the faint of heart. Nico shares his personal journey, including his $60,000 loss, and the hard-earned lessons that have shaped his approach to this grueling yet rewarding path. Discover: Why multifamily investing is a long-term wealth-building vehicle, not a get-rich-quick scheme. The grit and discipline it takes to compete in the multifamily space. How to structure syndications, roll acquisition fees into deals, and build equity from scratch. The importance of education, networking, and assembling a team with complementary skill sets. What it really takes to achieve financial freedom through multifamily investments. If you're willing to put in the work, endure setbacks, and play the long game, this episode will inspire you to keep swinging your axe every day. Connect with Nico: DM him on Instagram or Facebook, or visit smallaxecommunities.com. If you enjoyed this episode, share it with a friend and leave a review!

Ever felt like you had to tackle massive real estate deals alone? I've been there. In this episode, I share the story of how I nearly took on a $20 million project solo—and why that was almost a disaster.

Still waiting for the "perfect time" to invest in multifamily real estate?

Description: Florida's real estate boom isn't slowing down, but the biggest opportunities aren't where you think. In this episode, I dive into why secondary markets like Lakeland are quietly outpacing the big cities. With rising rents, population growth, and new job opportunities, Lakeland is becoming a key hub for investors looking to stay ahead of the curve.

In this episode of the Small Axe Podcast, Nico breaks down how to thrive in any market cycle. From peaks to troughs, learn the strategies to maintain cash flow, maximize NOI, and secure the right debt to weather any downturn.

Description: Want to unlock access to the best multifamily deals? It starts with building strong relationships with brokers. In this episode of the **Small Axe Community Show**, Nico shares proven strategies for standing out in a crowded market, gaining broker trust, and increasing deal flow.   Learn why brokers are the gatekeepers to multifamily success and discover how to create a professional one-pager that showcases your credibility and investment goals. From tips on responding quickly to deal opportunities to maintaining consistent communication, this episode is packed with actionable advice to elevate your broker relationships and secure better deals.  

In this episode, host Nico dives into the most common mistakes new multifamily investors make and provides actionable strategies to avoid them. Topics include managing emotions versus numbers, accurately estimating expenses like taxes, insurance, and maintenance, the critical role of thorough due diligence, building the right team, and mastering the lending process. With personal stories and lessons learned, Nico shares valuable insights to help you confidently grow your multifamily portfolio.   Timestamps:   - 00:00 Introduction: Avoiding Costly Mistakes in Multifamily Deals   - 00:50 The Importance of Emotional Detachment   - 03:18 Underestimating Expenses: A Common Pitfall   - 06:44 Due Diligence: Non-Negotiable Steps   - 10:26 Building the Right Team   - 13:35 Starting Small and Learning Fast   - 14:37 Recap and Final Thoughts   - 15:26 Bonus Tips on Lending   - 16:43 Conclusion: Keep Sharpening Those Axes   Tune in to learn how to avoid costly mistakes and set yourself up for long-term success in multifamily investing!

In this episode of the Small Axe Podcast, Nico shares his insights on acquiring multifamily properties without needing a huge upfront investment. Whether you're a first-time buyer or an experienced investor, Nico dives deep into both traditional and creative financing strategies to help you get into the apartment complex game.   Key Takeaways:   1. Getting Started with Traditional Financing     - Learn about commercial loans for multifamily properties, typically available for buildings with five or more units.    - Discover why most first-time buyers begin with local banks or credit unions that understand the area and asset class.    - Nico explains loan options such as 20-30 year amortizations, interest-only payments, and how to shop around for the best rates.   2. Creative Financing Options     - If traditional banks don't work out, explore creative strategies like seller financing, where the seller holds the note.    - Hear examples of how Nico and other investors negotiate terms like down payments, interest rates, and even deferred payments with seller financing.   3. Alternative Funding Sources for Down Payments    - If you don't have the required down payment, there are several ways to raise it, including joint ventures, partnerships, retirement accounts, and tapping into home equity.    - Understand how syndications work, where you can raise capital from limited partners to fund a portion or even the entire deal.   4. Exploring Non-Traditional Financing Techniques     - Find out about master lease agreements, loan assumptions, and the benefits and risks of using these methods to structure a deal when traditional bank loans aren't feasible.   5. Joint Ventures and Partnerships    - Nico discusses the importance of partnering with people who align with your goals and values, particularly in joint ventures where all parties are active in the deal.   Resources Mentioned: - *Creative Cash* by Bill Ham – A book on structuring deals creatively, which helped Nico understand and apply creative financing strategies in multifamily investing.   Quotes: - "It's possible to get into your first apartment complex without a ton of cash if you're open to exploring different financing methods." - "When structuring a deal, make sure to align with your partners and carefully consider each financing option."   Action Steps: 1. Evaluate your available financing options for multifamily investing, starting with traditional bank loans. 2. Research creative financing techniques like seller financing and master lease agreements. 3. Think about potential partnerships or joint ventures for raising a down payment. 4. Start building relationships with community banks and credit unions for better financing terms.   Want More Help? Visit www.smallaxecommunities.com to listen to more episodes of the *Small Axe Podcast* and explore resources that can help you sharpen your multifamily investing skills!

In this episode, Nico from the Small Axe Communities explains the various ways multifamily investors, specifically General Partners (GP) and Limited Partners (LP), get paid. Nico discusses the income sources for GPs, including acquisition fees, asset management fees, capital event fees, and disposition fees, offering practical insights from personal experiences. The episode also covers how LPs earn returns based on their investments, typically receiving an 8% preferred annual return, paid monthly, prior to any GP profits. Additionally, it touches on profit splits when returns exceed the preferred rate and the structure of 'waterfall' payouts. Listeners are encouraged to understand deal structures thoroughly and to reach out for further advice, concluding with a call to action for sharing and reviewing the show.   00:00 Introduction to Multifamily Investing 00:41 Understanding General Partnerships 01:08 The Role of Acquisition Fees 01:58 Justifying Acquisition Fees 04:02 Asset Management Fees Explained 05:01 Challenges in Asset Management 06:03 General Partners' Compensation Breakdown 08:14 Limited Partners' Earnings Explained 09:42 Preferred Returns and Incentives 11:22 Waterfall Structures in Deals 11:50 Final Thoughts and Contact Information 12:00 Closing Remarks and Gratitude

In this episode, Nico from Small Axe Communities discusses strategies to secure a multifamily real estate deal. He emphasizes three key elements: money, expertise, and network. Nico explains how having capital simplifies the process, but if you lack funds, you must have the expertise or a robust network to find and manage deals. He addresses various roles within a real estate team, such as asset managers, capital raisers, and deal finders, and underscores the importance of aligning skill sets with team needs. Nico also highlights the value of building long-term relationships and maintaining a collaborative attitude to succeed in multifamily real estate ventures. Finally, he encourages listeners to share this valuable information and offers guidance to those interested in joining a partnership.   00:00 Introduction and Show Purpose 00:41 Key Elements for Getting a Deal 01:09 Importance of Money, Expertise, and Network 01:53 Roles and Expertise in Multifamily Projects 02:49 Building Your Value in a Team 03:38 Case Study: Partner Expertise 04:26 Building Trust in Partnerships 04:56 Identifying Your Expertise 05:21 The Power of Deal Finding 05:52 Negotiating and Team Building 06:19 Key Traits for Success 07:58 Final Thoughts and Encouragement

In this episode, Nico from the Small Axe Communities breaks down the essentials of passive investing, placing a strong emphasis on multifamily real estate syndications. He elaborates on the different roles within syndications, such as limited and general partners, and highlights the importance of a solid grasp of real estate fundamentals. The narrative covers strategic steps for becoming a successful passive investor, including the recommended capital requirements and long-term growth strategies. Additionally, the episode explores the broader context of various passive investments—like stocks, bonds, and crypto—emphasizing the consistent financial growth achievable through diversified portfolios. Listeners are encouraged to persistently refine their investment approaches, thoroughly vet opportunities, and seek expert advice to make informed decisions. The discussion concludes with a call to action for continuous learning and active engagement in building investment knowledge.   00:00 Introduction to Passive Investing 00:44 Understanding Passive Real Estate Investing 02:00 Roles in Real Estate Syndication 03:41 Essential Knowledge for Passive Investors 04:57 Financial Requirements for Passive Investing 05:57 Setting Passive Investment Goals 07:50 Vetting and Monitoring Investments 08:43 The Reality of Passive Investment Returns 09:22 Long-Term Investment Goals 09:46 The Importance of Keeping Your Money Active 12:09 Understanding Passive vs. Active Investing 13:33 The Necessity of Passive Investing 15:09 Final Thoughts and Recommendations

Here's an enhanced version of the show notes for your Libsyn episode with a strong call to action: --- **Top 5 Reasons Why NOW is the Best Time to Invest in Multifamily Real Estate** In this episode, host Nico Salgado breaks down the **top five reasons** why today's market presents an **exceptional opportunity** for multifamily real estate investors. Whether you're just getting started or are looking to expand your portfolio, this episode is packed with actionable insights to help you capitalize on current conditions.   **Key Takeaways:**   -

In this episode, Nico from the Small Axe community discusses how to structure partnerships for new multifamily property deals. Whether deciding between a joint venture or a syndication, the structure often involves a standard equity split, typically 70% for investors and 30% for management. Nico provides insight into how these allocations work, including a detailed breakdown of the equity split bucket system and the importance of each role, such as asset management and capital raising. Nico also emphasizes the necessity of precise legal documents and operating agreements tailored to each deal to safeguard against potential issues. An equity split spreadsheet is available by request to help implement these strategies effectively.   00:00 Introduction and Purpose of the Episode 00:41 Starting the Partnership Discussion 01:25 Equity Split and Partnership Structure 04:40 Detailed Breakdown of Equity Buckets 07:01 Adjusting Buckets Based on Deal Specifics 14:23 Legal Documents and Final Thoughts 16:36 Conclusion and Call to Action

Five Steps to Owning 194 Apartments in 12 Months   In this episode, Nico of the Small Axe community shares his journey from owning no apartments to closing on a 194-unit apartment complex within 12 months. He provides a detailed five-step framework to achieve similar success. The steps include realizing the importance of teamwork, continuous education, finding mentors, relentless networking, and taking action. Nico emphasizes the necessity of being genuine during networking and the value of taking risks to gain significant rewards. He also recounts his experiences and the key role of mentorship in his real estate journey.   00:00 Introduction: From Zero to 194 Apartments 00:59 Step 1: Realization - You Can't Do It Alone 03:19 Step 2: Education - The Key to Success 04:57 Step 3: Mentorship - Finding the Right Guidance 07:06 Step 4: Networking - Building Your Team 10:55 Step 5: Taking Action - Making It Happen 14:47 Conclusion: Recap and Final Thoughts

In this episode, Nico provides a comprehensive guide for deal finders and hunters at all experience levels to acquire multifamily properties. Key topics include the importance of loving the search, narrowing down your market and deal criteria, utilizing various resources like LoopNet, MLS, Crexi, and establishing broker relationships. Additionally, the episode covers direct-to-seller strategies, cold calling, leveraging partnerships, attending meetups, and maintaining a consistent, positive communication approach with brokers to ensure success in securing deals.   00:00 Introduction: Finding Your First Multifamily Deal 00:42 The Love for Deal Hunting 01:14 Choosing and Researching Your Market 02:33 Searching for Deals: MLS, LoopNet, and More 04:22 Solidifying Your Deal Criteria 08:23 Building Broker Relationships 09:44 Direct to Seller Strategies 11:20 Networking and Community Involvement 16:40 The Importance of Consistent Communication 19:05 Final Tips and Encouragement

In this episode, Nico discusses powerful real estate investing strategies specifically in the multifamily sector. He covers syndications, explaining how pooling resources allows larger real estate acquisitions, and the benefits for both active and passive investors. Nico also introduces the BRRRR (Buy, Renovate, Rent, Refinance, Repeat) strategy, highlighting its applicability to multifamily real estate and how it can be integrated with syndications. The episode concludes with insights into remote investing, stressing the importance of having a reliable local partner and active involvement for success.

In this episode of the 'Small Axe Community,' host Nico discusses strategies and insights for building a multifamily real estate portfolio despite current market challenges. He covers recent data on housing construction, vacancy rates, and housing affordability, particularly in Lakeland, Florida. Nico and his guest discuss the impact of interest rates on new developments and the rental market, emphasizing the importance of cash flow, understanding property conditions, and maintaining broker relationships. Nico concludes with a positive outlook for the multifamily sector, suggesting that disciplined and consistent investors will ultimately succeed.

Navigating the Multifamily Real Estate Market in 2024   In this episode, Nico delves into the complexities of the multifamily real estate market as of 2024. He discusses the shift from dealing with old brokers to new brokers, the challenges of high property prices, and the difficulties in managing and renting out units. Nico shares his personal strategies on underwriting, dealing with inflated prices, and the importance of realistic cash flow projections. He emphasizes the significance of sticking to sound investments and not being swayed by overly optimistic proforma figures. Listeners are encouraged to reach out for help with underwriting and to stay cautious in a highly competitive market.   00:00 Introduction and Purpose of the Show 00:37 Challenges in the Multifamily Market 03:20 Current Market Strategies 04:12 Broker Relationships and New Opportunities 07:43 Navigating Today's Market 09:33 Conclusion and Final Thoughts

This episode highlights the advantages of investing in multifamily real estate from the perspective of a newbie. Nico discusses owning apartment buildings and the benefits of having multiple tenants reduce vacancy risks compared to single-family properties. He explains that tenants' rent payments cover the mortgage, increasing equity and allowing rent hikes with inflation and population growth. The concept of syndication is introduced, where individuals pool resources to buy properties they can't afford individually, offering passive investors a chance to earn returns without managing the property. Nico emphasizes the importance of thorough deal evaluation and the efficiency of owning multiple properties.

In this episode, Nico discusses the current challenges and strategies in the real estate market, specifically focusing on multifamily properties. He highlights the prolonged leasing periods, higher vacancy rates, and the need for realistic underwriting. Nico shares his experiences with his own portfolio of 70 units in Florida, emphasizing the importance of adjusting expectations for rent increases, accounting for higher expenses, and the critical role of thorough market analysis. The episode also covers practical tips for managing properties, such as maintenance plans and different financing strategies to ensure cash flow. Listeners are encouraged to stay educated and persistently search for viable deals.

This episode is dedicated to guiding individuals on using small steps to build personal financial success. John Casmon shares a personal story of facing job insecurity leading to a strategic pivot in his career. He discusses helping investors raise capital, build businesses, and transition from traditional jobs to entrepreneurship. Key topics include the importance of taking action, the pitfalls of traditional money-raising efforts, the value of mentorship, and the continuous demand for multifamily investments. Emphasis is placed on mindset, the necessity of direct help from experienced coaches, and making community impacts. The closing message encourages listeners to keep improving their skills and take decisive actions for personal growth.  

In this episode of the Small Axe Podcast, host Nico interviews Sean D. Martell from Takeoff Capital. Sean shares his journey from being an air traffic controller in the Navy and FAA to becoming a successful real estate investor. The conversation covers his initial investments in multifamily properties, such as a profitable project in Indianapolis, and progresses to his current focus on developing infill multifamily units in San Diego using new density bonus programs. Sean also discusses the benefits and challenges of shifting from value-add investments to new developments, touching on financing strategies and the market dynamics of areas like San Diego. The episode provides valuable insights for aspiring real estate investors, emphasizing the importance of due diligence, long-term planning, and adapting to market conditions.

In this episode of the Small Axe Podcast, host Nico Salgado sits down with real estate investor Randy Langenderfer to discuss creating a 10-year plan towards becoming a full-time real estate investor. Join them as they dive into the strategies, mindset shifts, and practical steps needed to turn your real estate investing aspirations into a reality. Whether you're just starting out or looking to level up your investment game, this episode offers valuable insights and actionable advice to help you achieve your financial goals through real estate.

Welcome to the Small Axe Podcast! In this episode, host Nico Salgado is joined by multifamily real estate expert Emeka Ogbonna for a deep dive into acquisitions and operations in the industry. Tune in as they share invaluable insights and strategies from the trenches, providing you with all you need to know about multifamily acquisitions and operations 101. Whether you're a seasoned investor or just starting out, this episode is packed with practical advice to help you navigate the world of real estate investing.

In this episode of the Small Axe Podcast, host Nico Salgado sits down with entrepreneur and investor Alex Tam to discuss the intricacies of actively investing while managing multiple businesses. Join them as they share insights, tips, and strategies on how to navigate the world of investments while balancing a busy entrepreneurial lifestyle. Whether you're a seasoned investor or just starting out, this conversation is sure to provide valuable guidance on optimizing your investment approaches.

In this episode of the Small Axe Podcast, host Nico Salgado sits down with special guest Ian Sharp to discuss the importance of maintaining healthy habits in order to sustain long-term investments. Tune in as they delve into practical strategies and insights on how to cultivate a lifestyle that supports your financial goals for the future. Whether you're just starting out on your investment journey or looking to enhance your current practices, this conversation is sure to provide valuable tips and inspiration.