Podcast

Zen and the Art of Real Estate Investing with Jonathan Greene

188: Staying Nimble With Mission-Driven Multifamily Investing with Michael Wagman

HGTV has inspired many would-be real estate investors over the years, but it doesn’t usually reveal the difficulties new investors can face.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Michael Wagman, founder and a Nimble Capital Group managing partner. Nimble Capital holds a multifamily, retail, commercial, and raw land asset portfolio. Michael got his start in real estate after watching a lot of flips on HGTV and deciding he could do it, too.

Jonathan and Michael start their conversation by discussing how Michael landed in real estate after watching too much HGTV after he returned to the U.S. from living abroad. You’ll hear about Michael’s first flip, what led him to multifamily properties, and how he overcame the fear of risk and began using other people’s money (OPM) to scale the business. Michael shares how he met his business partner, his biggest change in looking for properties in today’s market, and the questions you should ask when considering a syndication.

You’re not alone if you’ve ever felt inspired by HGTV, and for those willing to take a risk like Michael Wagman was, it can lead to a prosperous and long-lasting career in real estate.

In this episode, you will hear:

How HGTV inspired Michael Wagman to start flipping houses after moving back to the U.S. from abroad
Lessons from his first flip and what he’d do differently now
Michael’s first house hack, which gave him an “aha” moment, and how he began looking for ways into multifamily properties
Overcoming the fear of risk, scaling the business with other people’s money (OPM), and finding a business partner
The biggest change Michael’s made in how he looks for properties in this market
Evaluating returns on a property purchase and what Michael’s preference is
What he learned from taking OPM and the questions people should ask when they’re considering syndications
Michael’s favorite assets at the moment and why he still loves multifamily

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