All Forum Posts by: Todd Dexheimer

Coaching is a great option if you're looking to take action quickly. Only enroll in coaching if you've read a handful of multifamily investing books that has given you a baseline. Make sure you are highly dedicated and motivated to take action. A coach won't do it for you, so you need to be sure you fully understand what you're looking to achieve and have the time and energy to get the results. I'd be happy to discuss our mentorship or point you in the right direction. 

 The real estate market is a 17-18 year cycle. It's been like that in the US for a long time. Peak was 2006 and this peak was 2023, so this one was 16.5-17 years. Expect a 4-5 year down/flat market before a slow climb up.

 In my opinion LP investors are the definition of a Real Estate Investor. They invest in real estate passively. They don't buy it and operate it. Myself and the majority of people on BP that call themselves real estate investors, should be calling themselves real estate business owners. Unless you're taking a passive role, you're buying/building businesses that require work and dedication. 

For me it's less about the wealth that I create, but more about the impact. As my net worth and portfolio have grown, I get to see the amount of impact that I make. What drives me to work hard, is knowing that the more I do, the greater the impact on society I can create. The wealthier I become, the more I can give to do God's work. 

My companies currently have over 300 employees. We're far from perfect, but we strive everyday to create an excellent culture and workplace. We trying to empower and challenge our employees to become better versions of themselves. As we grow, we create more ladders of success for our employees to climb if they chose. We also have over 5,000 residents that we trying to impact in a positive way. Again, we make plenty of mistakes, but our goal is to always become better and create a positive impact and influence in their lives. Last, we have hundreds of investors that we work diligently at providing positive returns to. 

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 This is terrible advice/response. 

@Spencer Ware what type of real estate are you most interested in? I have experience in single family fix and flip, 1-4 family rentals, small apartments (10-30 unit), 100+ unit apartments, development, commercial retail, industrial and office. I've done a ton active and some passive. I'd be happy to give you advice or refer you to someone. 

They all have their pros and cons. 

If you want to play a passive role, a real estate syndication or debt fund could be a great way to go. Make sure that you can find a sponsor that you trust. My company offers real estate syndications. I also have a lot of connections that offer debt funds. Investing in NNN lease (Walgreens, Dollar General, etc are your tenants) is also fairly passive, but you maintain a bit more control.

What are you looking to do? Do you want to own your own real estate like an apartment or retail center and create a side business? Are you looking to eventually quit being a dentist? Do you want time freedom? 

There are many paths, but it all depends on your goals. If you want to control real estate that is active. It's a great path, but it takes time and energy. If you want some of the benefits, but less control and less time commitment, then go the passive route and invest in a syndication or note.

I generally agree with you Scott. 

A few thoughts: 

1. Prices may continue to drop in 2025 and even in 2026, but buy deals today if they cash flow and make sense. don't wait to time the market. We bought 2 assets in late 2024 that are currently cash-flowing 7%+ to investors, with additional upside. In the last crash, I was buying like crazy from 2008-2016. The bottom happened around 2013. Had I waited until the bottom, I would have missed out on 50+ amazing deals. 

2. I don't see nationwide rent increases happening much until mid-2026. I don't see big 5%+ rent increases happening until 2027 as it will take a while to burn off all of the supply. A lot of this also hinges on interest rates and the SF homebuyer market. If rates and prices go up, then there will be a ton of renter demand that could fast forward rental the market. 

3. Buyers that bought 3-5 years ago are not cooked. Will there be some distress? Yes, but I don't think there will be much. The banks have been encouraged by the fed to work deals out with borrowers and I think that will continue to happen. Also, it's still a small percentage of owners that have floating rate debt. I think a lot of these deals limp along for the next 3-5 years and then sell. It may end up being a loss or small gain, but most of them won't end up being a fire sale. 

This is exactly what will end up keeping prices flat for a long time. These companies will end up holding on to buildings for longer than they planned, keeping inventory low. 

Look for an experienced operator to partner with. They're going to want a large portion of the GP, but they will be able to bring the capital and experience to the deal.