• Episode 290. How I Underwrite a Multifamily Deal in 15 Minutes (Before Opening a Spreadsheet)
    Feb 23 2026

    Most people think underwriting a multifamily deal means opening a massive spreadsheet, building out ten assumptions, running sensitivity analysis, and toggling IRR scenarios.

    That's not how I do it.

    In this episode, I break down the exact 15-minute filter I use before I ever open a full underwriting model. If a deal doesn't survive this fast analysis, it doesn't deserve two hours of my time.

    I walk through:

    • Price per door and how I benchmark it against current market trades

    • The 1% rule — and why today it's closer to 1.25%

    • How I use a 50% expense ratio as a reality check

    • Back-of-the-napkin cap rate math to estimate true value

    • Why capital required can kill a deal before the numbers do

    In this business, 99 out of 100 deals won't make sense. The key is learning how to identify them quickly and move on without wasting energy.

    If you're serious about buying multifamily and want a faster way to analyze opportunities, this episode will sharpen your filter.

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    11 min
  • Episode 289. Before You Wire: The Honest Conversation Every LP Needs to Hear
    Feb 16 2026

    Before you wire money into a syndication — whether it's with me or another operator — you need to hear this.

    In this episode, I walk through the real conversation most sponsors don't slow down enough to have. Multifamily investing is not a savings account. It's not a money market fund. It's an operating business. And businesses have seasons.

    There will be smooth years. There may be tight years. Insurance moves. Taxes move. Rent growth stalls. Market cycles shift. That doesn't mean a deal is broken — but it does mean you need to understand what you're stepping into before you send capital.

    I talk about:

    • Why you're not just investing in a building — you're investing in the operator

    • The uncomfortable questions every LP should ask before wiring

    • Break-even occupancy and why it matters

    • Reserves, illiquidity, and what "long-term" really means

    • The difference between professional LPs and new investors

    • Why alignment matters more than projected IRR

    If you're considering investing $50K, $100K, or more into a syndication, this episode is for you.

    No hype. No guarantees. Just real talk about risk, responsibility, and long-term wealth building in multifamily.

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    10 min
  • Episode 288. Multifamily Isn't Dead — It's Just Not Forgiving Anymore
    Feb 9 2026

    Lately, I keep hearing the same take everywhere: multifamily is dead. Rents aren't growing, deals aren't penciling, and capital feels frozen. I understand why people feel that way — but that conclusion misses what's really happening.

    Multifamily isn't dead. We're in a market correction.

    In this episode, I break down what has actually changed in today's market and why this cycle feels so uncomfortable, especially for owner-operators. We talk about flat and declining rents, higher expenses, cautious investor capital, and why money flowing into high-yield savings accounts and money market funds has raised the bar for real estate investing.

    I also get honest about raising capital right now, why easy money disappearing exposed weak underwriting, and why this environment forces operators to actually operate. This is a market where discipline, conservative assumptions, strong reserves, and real systems matter more than ever.

    This episode isn't about fear or hype. It's about understanding market cycles, adapting to today's math, and deciding whether you're built to operate in a tougher, less forgiving environment.

    If multifamily feels harder than it used to — you're not wrong. But that doesn't mean it's broken. It just means the game has changed.

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    11 min
  • Episode 287. There Is No Such Thing as 20% Down in Multifamily (Here's the Real Math)
    Feb 2 2026

    There's a myth floating around real estate that you can buy a multifamily property with just 20% down. It's not totally wrong — but it's dangerously incomplete.

    In this episode, I break down what it actually takes to close on a multifamily apartment building in today's market. We walk through real numbers, real scenarios, and the capital most people forget to account for: closing costs, CapEx, operating reserves, debt service requirements, and why stabilized loans almost never work at 20% down.

    I also talk candidly about the current market cycle, flat rents, cautious investor capital, and why the math that worked in 2020–2021 doesn't work the same way in 2026. This isn't meant to scare you away from multifamily — it's meant to reset expectations so you don't blow yourself up early.

    If you're serious about buying apartment buildings, raising capital, or underwriting deals realistically, this episode will give you a much clearer picture of what keeps a deal alive long term.

    If this helped you, share it with someone who still thinks 20% down is the whole story.

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    18 min
  • Episode 286. Why Reading One More Book Is Costing You Deals
    Jan 26 2026

    Most people don't have a knowledge problem. They have an action problem.

    In this episode, I talk about why consuming more podcasts, books, and courses can actually keep you stuck — and why deals don't come from education alone. They come from decisions. From submitting offers. From putting real skin in the game.

    Consuming education feels productive because it's comfortable. Making offers is uncomfortable. It risks rejection, exposure, and failure — and that's exactly why it works.

    I break down:

    • Why "one more book" is often just fear in disguise

    • The real reason people avoid submitting offers

    • What actually happens once you start making offers (even bad ones)

    • How offers sharpen your thinking, build broker relationships, and force clarity

    If you're serious about becoming an investor, this episode is your push to stop hiding behind education and start playing the game.

    Stop consuming. Start submitting offers.

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    11 min
  • Episode 285. If You Can't Explain Your Deal in 60 Seconds, You Don't Have a Deal
    Jan 19 2026

    If you can't explain your deal in 60 seconds, you don't have a deal. You have confusion.

    In this episode, I break down why hiding behind spreadsheets kills momentum, confidence, and credibility with brokers, partners, and investors. Multifamily deals don't fall apart on paper first. They fall apart in your head.

    I walk through how real investors think about deals, how to explain fundamentals without Excel, and why clarity matters more than perfect underwriting. We talk markets, rents, expenses, cap rates, experience, and business plans—without rambling, jargon, or scenario overload.

    This episode is for anyone stuck "modeling one more version," second-guessing their numbers, or losing confidence mid-pitch. Simplicity creates clarity. Clarity creates confidence. Confidence creates momentum.

    Sharpen the axe. Stop overthinking. Start moving.

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    13 min
  • Episode 284. Real Estate Is Simple. It's Just Not Easy.
    Jan 12 2026

    Real estate is not complicated. But it is brutally hard.

    In this episode, I break down the biggest lie people tell about real estate investing. The steps are simple. Learn how to underwrite deals. Build relationships. Submit offers. Close. Operate. Refinance. Reinvest. Repeat. But everything that matters happens between those steps in real life.

    I talk about the emotional toll of this business, the late nights, the rejection from brokers, the months of negative cash flow, the partnership stress, the slow grind of building trust with lenders, investors, attorneys, and contractors. This is the part nobody puts on Instagram, but it is the part that determines who actually makes it.

    I also explain why this game takes years, not months. Why your first real deal might take three years to close. Why patience, identity, and delayed gratification matter more than any spreadsheet or deal analyzer. And why the people you are really competing with are operators who have been doing this for decades.

    If you are serious about owning real estate long term, building wealth for your family, and becoming a real operator, this episode will ground you back in reality and help you stay in the game when it gets uncomfortable.

    If this hits home and you want tools and structure to support your journey, grab my free Multifamily Credibility Kit or explore the resources in my Stan store. They are built to help you show up as a real operator, even if you are early in the game.

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    11 min
  • Episode 283. Stop Waiting - Start Submitting LOIs
    Jan 5 2026

    Most new investors never buy their first apartment building for one simple reason:

    They don't make enough offers.

    In this episode, I break down why submitting LOIs is one of the most important reps you can get in this business — and why you're not actually "locked in" just because you made an offer. We'll talk about how many LOIs you should be submitting, what they really mean, why people freeze up at this stage, and how the simple act of making offers builds skill, confidence, deal flow, and real broker relationships.

    If you want to become an operator, you can't sit on the sidelines overanalyzing forever. Speed matters. Reps matter. And imperfect action beats waiting to feel ready every single time.

    I'll also walk you through:
    • LOIs vs PSAs — what's actually binding and what isn't
    • Why submitting offers helps you sharpen your underwriting
    • How brokers start taking you seriously
    • What happens after an LOI gets accepted
    • The real (and limited) financial risk involved
    • Why the people making offers are the ones who win long-term

    And I end with a simple challenge: submit at least one offer this week — even if it's verbal.

    If you want help getting taken seriously when you show up in this business, grab my free Multifamily Credibility Kit here:


    👉 stan.store/buybuildings

    And if you want structure, guidance, and accountability while you build your multifamily career, check out my Buy Buildings, Build Empires course and the Multifamily Machine cohort inside my Stan store as well.

    Let's get you moving. Stop waiting — start submitting LOIs.

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    14 min