This week, we have a repeat guest! Michael Ketchen (episode #3), joins the show to discuss how he built a $35M+ multifamily portfolio, very quickly, by leveraging the BRRRR strategy. Mike is a former teacher with an incredible story… he, his partner Matt, and his wife Hannah are a true representation of the American Dream. In this episode, we discuss creating value through operations, buying great multifamily deals, and buying luxury Airbnbs.
If you’re interested in seeing our investment opportunities, go to www.alignedrep.com/invest to get on our email list. Thanks for listening, catch you all next week!
Timestamps:
03:38 – Mike discusses his background as a teacher/dean of students, and how he found real estate
06:10 – We discuss Mike’s first deal and how he leveraged the BRRRR model
10:06 – We discuss interest rates, property values, buying criteria, and all the anxiety in the marketplace
13:31 – Mike and Axel discuss the unique asset management and operational strategy that Mike and his team leverage to create value and gain an edge over competitors
18:39 – We share our tips about mitigating risks & implementing renovations in properties
20:11 – Michael and Axel discuss the reasons behind the housing shortage
26:21 – Michael and Axel continue to discuss asset management
27:23 – We talk about the risks, performance, and further goals of Mike’s Airbnb strategy
31:22 – The potential of turning apartments into Airbnbs and comparisons to the multifamily model
CONNECT WITH AXEL
https://www.instagram.com/multifamilywealth/?hl=en
https://www.linkedin.com/in/axelragnarsson/
CONNECT WITH MICHAEL
https://www.instagram.com/mketchen/
https://www.cc-rei.com/
