HGTV’s flips inspire many real estate investors, but the real-life challenges of investing are often left out. In this episode of Zen and the Art of Real Estate Investing, Jonathan chats with Michael Wagman, founder and managing partner of Nimble Capital Group, which holds a diverse portfolio that includes multifamily, retail, commercial, and raw land assets.
Jonathan and Michael dive into how HGTV’s flipping shows piqued his interest after a stint living abroad. Michael jumped into real estate investing, starting with his first flip and eventually shifting his focus to multifamily properties. He shares with Jonathan how he managed risk, overcame the fear of using other people’s money (OPM) to grow his business, and ultimately met his business partner, transforming his approach to selecting assets in today’s market.
You’ll hear more from Michael about:
- After watching too many hours of HGTV, Michael decided he could do it better than they could, causing him to purchase his first property flip.
- His first few flips didn’t make large profits, but he learned valuable lessons about what real estate requires to succeed.
- Michael was drawn to multifamily real estate, and his initial plan was to own multiple duplexes until someone pointed out that he could accomplish the same thing with one multifamily property.
- New investors and syndicators must be aware of hidden problems, do their due diligence, and communicate clearly, especially in today’s market.
Michael Wagman turned his HGTV inspiration into a lucrative reality, and you won’t want to miss what he has to say about creating success in a challenging market.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/188/.