Do you have what it takes to succeed in multifamily investing? Multifamily syndication is beyond just buying apartment buildings and then selling them at a profit. If you want a successful and profitable multifamily business beyond a business venture that simply manages to survive, then you have to learn the crucial factors that make the difference. Given the current economic uncertainties and market cycle fluctuations, it’s imperative to learn the dynamic forces at work and be able to use them to your advantage and grow your investment.
Mike Flaherty, founder and managing partner of L5 Real Estate Investments, joins us today to help us understand the systems, tools, and resources that multifamily syndicators can leverage to scale up your business amidst changing economic and market conditions. Find out how Mike navigates challenges in every aspect of syndication as he grows his portfolio. Learn what mindset to adopt as you evaluate potential deals and discover how he mitigates risks and seizes opportunities in multifamily investing while avoiding analysis paralysis. Hear his economic and real estate forecast for 2023 and know what pitfalls to avoid. All these and much more to learn in today’s episode.
Key Points from This Episode:
Tweetables:
“Success is a function of doing the right thing over a long period of time.”
“The key to making good smart prudent investments really comes down to due diligence, and understanding the rights and the wrongs and the pitfalls of where you could have some problems.”
“Developing relationships with key people and companies can really help save you a lot of time, money and headaches over the long haul.”
“You can never fall in love with your real estate deal.”
“People say you make money on the buy, but you make money by performing on the buy.”
“You're always off track somewhere and you're always on track somewhere else.”
“Continue to listen, learn, read, and be prepared. The more prepared you are, the more often you'll make a great decision on buying a great investment.”
Links Mentioned:
L5 Investments
Real Page
Juniper Square
Invest with CF Capital
About Mike Flaherty
Michael Flaherty is the Founder and Managing Partner of L5 Real Estate Investments. Throughout his career, Mike has been involved in the ownership, development and entitlements of over 200+ nationwide commercial and residential properties valued at over $1 billion in total – including multi-family, resort, hospitality, office, retail and large master-planned residential communities. His passion for multi-family investment performance is based on his niche for detailed due diligence, market analysis and acquisition of value-add opportunities.
Prior to founding L5, Mike was a partner with Cardinal Real Investments where the focus was on the astute repositioning and development of residential and commercial in Los Angeles and New York City. Mike also managed British Petroleum’s (BP) zoning and real estate development platform for Bovis Lend Lease, one of the world’s largest real estate development, project management, and construction companies. Prior to Mike’s work in the multi-family and commercial real estate industry, he managed numerous high-volume residential and master-planned developments for Toll Brothers, Inc., the nation’s largest developer and builder of luxury homes.
Mike earned a B.S. in Civil Engineering from Villanova University and an M.B.A. from the University of Southern California. Additionally, he is a Board Member of Kids Helping Kids and Advisor to the Board for Mychal’s Learning Place, a non-profit organization focused on assisting children with developmental disabilities and low-income children in local communities and worldwide.
An Important Announcement from Tyler
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E318 Vinki Loomba – Vibrating on the Wavelength of Your Dreams: Unleashing Your Potential with Manifestation in Real Estate
E317 Brien Lundin – From Gold to Geopolitics and Macroeconomics: Expert Investor Perspectives for the Long-Term, Wise Investor
E316 Tyler Goble – How to Leverage Data Science to Transform Your Investments and Use Your Financial Success to Make Massive Impact
E315 Marc Weisi – From Wall Street to Main Street: Success in Real Estate and Leveraging it to Design Your Ideal Lifestyle
E314 Keith Wasserman – Compounding: Leveraging Common Sense, Grit, and Being a Contrarian to Scale Your Real Estate Holdings
E313 Dr. Mikki Lake – Practicing Medicine on Your Own Terms: From Overwhelmed to Free by Intelligently Leveraging Real Estate Investments
E312 Matt Faircloth – Unleashing Your Authentic Self: Adding Value and Attracting Opportunities in Real Estate and in Life
E311 Bernard Reisz – Investing in Great Assets, Elevating Your Tax Strategy & Leveraging the True Value of the NPV of What You Do with Tax Savings
E310 Chester Elton – Mastering the Art of Engagement: Fostering Teamwork and Collaboration for Success
E309 Mark Kenney – How to Invest, Grow, and Scale in Multifamily Real Estate, Navigating Challenges and Overcoming Setbacks
E308 Scott Lewis – Designing and Managing a Large Thriving Real Estate Investment Organization with Strategic, Operational and Tactical Excellence
E307 Marshall Goldsmith – Breaking Through Limiting Beliefs: Unleashing Your Potential for Success and Happiness with the #1 Leadership Thinker in the World
E306 Chris Salerno – Create Your Own Luck: Leveraging Ambition and Burning Desire, Working Smarter and Harder Than Anyone Else
E305 Charles Carillo – Leveraging Real Estate Challenges to Grow Your Portfolio and Using a Buffer to Protect and Compound Your Wealth
E304 Pete VanderVeen – Become a Better Leader and Real Estate Investor with Emotional Intelligence
E303 Tyler Chesser – The Power of Going Big: Unlocking Your Potential in Real Estate and Life
E302 Amanda Cruise - Unleashing Abundance: How Real Estate Can Transform Your Life
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