#33: Building a Portfolio Of Small Multifamily Properties In a High Priced Market With Willie Mandrell

This is a great episode for those looking to build a rental portfolio in a higher-priced market! Willie Mandrell shares how he used numerous financing strategies to acquire properties in the Boston, MA area, and how the listeners can develop a strategy that will allow them to scale in an area with higher price points. We also discuss why it is important to be well-known in your market and how it relates to finding deals and building relationships with lenders.

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Show Notes:

2:30 Willie shares how he got into real estate and how he purchased his first deal. 

8:45 We discuss how Willie built a strategy and expanded his portfolio after his first FHA deal. 

13:50 Willie talks about how relationships with banks and lenders are essential in getting the best financing.

15:12 We discuss why asking questions is critical to success in real estate. 

18:40 Willie shares how he finds and structures deals. Also, we talk about what Willie looks for in a deal. 

25:16 We discuss how Willie finances his deals with commercial and private lending.

27:00 Axel and Willie discuss the benefits of building a relationship with local banks.

31:38 Willie shares details regarding a few of his most recent deals. 

36:48 We discuss the benefits of renovations within a higher price point market. 

42:45 We discuss the differences between investing in high vs lower price point markets. 

50:15 Willie shares his biggest business-related failure. 

52:20 We discuss what Willie would do differently if he was starting his business again.

CONNECT WITH WILLIE:

https://www.linkedin.com/in/wjmandrell/

https://www.mandrellco.com/

Connect with Axel:

Follow him on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners