161: Long-Term Wealth From Strategic Value-Add Multifamily with Mike Roeder

Zen and the Art of Real Estate Investing

Most investors begin their careers with one asset class in mind but quickly find their niches as they progress. Today’s guest is one such investor.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Mike Roeder, co-founder and managing partner at Granite Towers Equity Group. Mike oversees operations, acquisitions, investor relations, and asset management. Additionally, he is the co-host of the podcast Keeping It Real-Estate and co-author of “4 Steps to Successful Passive Investing.”

Jonathan and Mike begin their conversation by exploring the house hack Mike and his now-wife did in their early 20s that introduced him to real estate investing, how he landed in syndications through multifamily assets and scaling his portfolio, and why he decided to begin diversifying outside Minnesota. Mike shares how he slowly scaled, what his ideal value-add apartment complex and neighborhood look like, and how he caters to residents and offers access to amenities. Finally, Jonathan and Mike delve into what appealed to Mike about Nashville and Dallas-Fort Worth, the four steps to successful passive investing, and why passive investing still requires work.

Creating long-term wealth takes time, but adding multifamily value-add syndications into your portfolio can help you get there a little bit faster.

In this episode, you will hear:

• Mike Roeder’s first investment property as a house hack in his early 20s that caused him to fall in love with real estate
• His path into syndications through multifamily assets and scaling the portfolio
• Diversifying outside of Minnesota into other markets in syndications
• Why Mike chose to scale slowly and now targets properties with 150+ units
• Getting over the humps to offer a deliverable that will be attractive to investors
• Mike’s advice for finding the right mentor in your niche and who he chooses to help
• His ideal value-add apartment complex and neighborhood classification preferences
• Renovating apartments at lease turnover and the option he offers current residents
• Catering to your residents and offering access to amenities
• The factors that appealed to Mike about Nashville and Dallas-Fort Worth
• The four steps to successful passive investing
• Due diligence that must be performed on older properties
• Why passive investing still requires upfront work on your part
• Mike’s advice for brand-new investors

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/161/ to download it.

Supporting Resources:

Granite Towers Equity Group website - www.granitetowersequitygroup.com

Find Mike Roeder on Facebook - www.facebook.com/michael.roeder.77

Mike’s Instagram - www.instagram.com/mikejroeder

Connect with Mike on LinkedIn - www.linkedin.com/in/mike-roeder-6aa39b15

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [e-mail]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.