POPULARITY
Ryan Daigle of Carolinas-based Flywheel Equity is a former software engineer turned multi-family operator. Ryan started Flywheel with the desire to make real estate available to everyday investors, and has built a network of like-minded “technologist investors.” The unique, analytical mindset of this group requires a commitment to transparency and education, which is music to Lance's ears. He and Ryan break down Flywheel's approach, and discuss how passive investors need to question a sponsor’s criteria and methodologies before jumping in.
Ryan Daigle lives in the Raleigh-Durham area of North Carolina and is a twenty-year veteran of the software industry. His last role was as CTO of a Durham-based fintech startup, which he saw grow from 3 employees to 80 during his 6 years there. After he grew disenchanted with the returns on his 401K and stock portfolios, he started looking for alternative investment approaches and discovered real estate.After a single burst style residential investment, he quickly turned to multifamily real estate for its economy of scale and long term demographic support. Ryan is now a limited partner in over 700 units and GP owner in 80. Join us in this episode as we talk and learn [00:01 – 03:23] Opening SegmentI welcome our guest, Ryan DaigleI talk about the background of our guestRyan talks about his background and journey in multifamily real estate[03:24 – 08:32] Why Ryan invested in Real EstateRyan talks about why he chose to invest in real estateWhy Ryan shifted from single-family to multifamily[08:33 – 24:22] 0-80 Units in 10 MonthsDon’t overspecialize your process early on3 Things you need to get into real estate and multifamilyTimeMoneyExperienceTaking advantage of your strengths to overcome your weaknessesHow Ryan got his first deal as a General Partner The importance of networking in real estateThe right mindset when participating in networking eventsRyan’s take on the Internal Rate of Return(IRR)[24:23 – 28:32] TIME TO TAKE ACTIONActionable steps/tips listeners can do to help their real estate investing careerFind your gapPlan how to fill those gapsTake that action and find an accountability partnerThe main takeawayConnect with Ryan. See the links below.Final thoughtsTweetable Quotes:“Real is easy, but it doesn’t mean it’s simple.” - Ryan Daigle“My mindset around prosperity, wealth, and retirement changed. Instead of trying to accumulate as much as I could like a little squirrel and getting this big number that I would then just whittle down over the years in retirement. I really wanted to buy assets that would pay me over time, and create that passive income.” - Ryan Daigle “Just because I did something once, doesn’t mean I have to put a system or a process in place. You need to do it a few times before you can actually identify what are the parts of that process that are useful and valuable to systematize.” - Ryan DaigleResources Mentioned:Flywheel EquityConnect with Ryan, visit https://flywheeleq.com/. Follow their Socials on Instagram and FacebookGuest Email: ryan@flywheeleq.com LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.Visit www.nokacapital.com to learn more about investing in multifamily real estate.I’d like to connect with you! Send me an email at Amir@NokaCapital.com.Book Recommendations:Rich Dad Poor DadThink and Grow RichBest Ever Apartment Syndication Book
In this episode, Jonathan Farber interviews Ryan Daigle on his journey from burning out of a high tech startup to nearing 100 units under management in less than a year. Ryan is a former technologist and real estate investing evangelist from Apex, North Carolina. In this episode, we dive into topics like: deciding to leave the corporate world, getting into real estate through limited partnership, identifying partners for your first deals, and more! Top Takeaways: Making the decision to leave the corporate world - 9:45 - 11:30 Many people realize after years of “normal” investing that they aren’t where they want to be Real estate is an investing option that offers both higher returns and higher engagement Both the overlaps from a previous job and the new learning challenges are enticing Entering real estate as a limited partner - 14:30 - 16:30 Limited partnership is a great way to get detailed experience while making money on the deal The general partners are usually willing to share information with you since you’re funding This creates opportunities to experience the various parts of real estate deals Finding partners starting out - 21:45 - 24:15 A good place to start is by finding a market that’s already growing You would rather your investments are pulled up, not having to be pushed by you to perform The next step is contacting and identifying the operators there that you can trust with your money How to bring value to Ryan Daigle: Check out his mailing list or schedule a call Social Links: biggerpockets.com/users/rwdaigle flywheeleq.com Connect With Our Sponsor, MartelTurnkey: martelturnkey.com Schedule a Call info@martelturnkey.com Connect With The host, Jonathan Farber Here! LinkedIn: https://www.linkedin.com/in/jonathanfarber1/ Instagram: @jonjfarb Facebook: https://www.facebook.com/jonathan.farber.9 Facebook Group: Real Estate Mentorship Mastermind https://www.facebook.com/groups/860025821084224/ BiggerPockets: https://www.biggerpockets.com/users/JonathanF29 Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
Carried Interest: Building Wealth Through Knowledge and Network
We're joined by Ryan Daigle, the Founder and Managing Partner of Flywheel Equity, a multifamily investment group based in Raleigh, NC. Ryan wasted no time, making an impressive mark in the real estate space after pivoting from his 20 year career in the software industry. To learn more about Ryan and Flywheel Equity, check out their website at flywheeleq.com. If you have any questions, comments, or inquires, contact us directly at carriedinterestpodcast@gmail.com. Enjoy!
One of the biggest questions for anyone building their investment portfolio is whether to invest in real estate, stocks, or equity. Today's guest, Ryan Daigle, makes a strong case for real estate. Ryan is a real estate investor and Principal at Flywheel Equity, which invests in commercial multifamily properties by partnering with high-net-worth individuals seeking diversification from their stock-based portfolios. Flywheel sources, vets, closes on and manages value-add apartment properties in the Carolina metros for its investors, who receive distributions from the cash flow provided by the rent activity while also participating in the equity upside created by the rehab and repositioning of the property. In this episode, Ryan explains why he shifted from his role as chief technology officer to commercial multifamily real estate investor, and why he advocates for real estate as a resilient investment, as well as the important distinction between cash flow and high net worth. He also describes the many different ways to address financial portfolios, the benefits of having no-hassle investments, and how the flexibility of real estate makes it very attractive to investors. Finally, Ryan shares a bit more about his personal experience and goals, his hopes to create completely sustainable cash flow, and why he wants to have the knowledge to do every task in his business. Tune in today!Key Points From This Episode:Ryan introduces himself and shares a bit about his real estate journey to date.Why Ryan shifted from chief technology officer to commercial multifamily real estate investor.The case for choosing real estate as an investment overstocks.Ryan explains why he chose real estate over startups: reliability, consistency, and stability.The importance of understanding that cash flow is the real end goal and not high net worth.Ryan describes cash-on-cash return, bottom line cash flow, return on equity, and the many different ways to address financial portfolios.Vanity and simplicity are always the intentions – the value of having no-hassle investments.Flexibility makes real estate attractive to investors while the stock market offers growth and appreciation, real estate offers options.Transitioning from a full-time job to doing real estate full time – Ryan shares his experience.How Ryan created space for himself to discover his passion and grow his passive income.Ryan's future goals are to establish sustainable cash flow, continue to grow Flywheel Equity as a business, and create more flexibility.Ryan wants to know he can do every task or role himself, from acquisitions to management.From CEO to low-level consultant, everybody needs to be held and hold others accountable.One thing that Ryan has brought with him from his time in tech is the value of transparency.Ryan directs investors wanting to invest in real estate to the resources on his website.Links Mentioned in Today's Episode:Ryan Daigle on TwitterRyan Daigle on LinkedInRyan Daigle on InstagramFlywheel Equity
Ryan Daigle and Blake Gentry explore all the new features in Heroku's Celadon Cedar stack.
This episode was originally published on December 7, 2007. James Cox, former PHP team member and current Rails consultant. From London. Also mentioned: Get the scoop on Rails 2.0 from Ryan Daigle’s PDF minibook at PeepCode.
This episode was originally published on December 7, 2007. James Cox, former PHP team member and current Rails consultant. From London. Also mentioned: Get the scoop on Rails 2.0 from Ryan Daigle’s PDF minibook at PeepCode.
This episode was originally published on November 21, 2007. Ryan Daigle talks about his blog, the upcoming Rails 2.0, and freelancing with style.
This episode was originally published on November 21, 2007. Ryan Daigle talks about his blog, the upcoming Rails 2.0, and freelancing with style.