Whether you are buying property with other people’s money, building up capital, researching deals, or networking, these are all major aspects of real estate business and skills you need to acquire and grow to make a success out of it. Our guest on today’s show is Axel Ragnarsson. Axel built a four-million-dollar portfolio by the age of 25 doing just that — using other people’s money. Axel is the host of the Multi-Family Wealth podcast and founder of the real estate investment firm, Brickleaf Properties.
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In today’s episode, we hear from Axel about how he got into the multi-family real estate investment business, how he accumulated the financing in order to get started, the importance and function of networking and establishing in-depth relationships with people in the business, and how Axel creates content as a part of his business plan. He also shares with us some useful tips in meeting new investors, the most difficult aspect of his journey, and much more. Stay tuned for an insightful conversation on multifamily investment with Axel Ragnarsson.
Key Points From This Episode:
- We hear about Axel’s background and how he got into the real estate business.
- How Axel got the financing he needed to get started in multifamily.
- How Axel thought about networking and how he’s grown since starting out.
- Why networking is the best way to get deals — especially in the multifamily space.
- Axel shares how he created relationships and maintained them in the long run.
- Where he learned the strategies he used to grow his business.
- How content creation and the plans for Brickleaf’s future are connected.
- What their content includes and what the goal was with it.
- Axel shares the hardest aspect of his real estate journey.
- A way he has recently improved his business that you can apply to yours.
- His best source for meeting new investors: REIMs
- The number one thing that has contributed to Axel’s success: Prioritizing consistency and patience.
- How Axle and his team at Brickleaf give back.
[bctt tweet=”The biggest challenge in real estate that I faced, despite the fact that I had a relationship with the investors, was the fact that there is a big gap between knowing someone and having them lend you money. — Axel Ragnarsson” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Axel Ragnarsson
Axel is an active real estate investor and has experience as a commercial real estate broker, specializing in multifamily, investment, and residential sales. He purchased his first multifamily property during his sophomore year at the University of New Hampshire where he earned degrees in Finance and Entrepreneurial Studies. While at UNH, he was a founding member and Co-Managing Director of the Rines Angel Fund, the first and only undergraduate student-managed angel investment fund in the country. It was in his studies of alternative investments that he became interested in real estate investing, leading to the founding of his real estate investment firm, Brickleaf Properties, and is continually searching for new multifamily properties and communities to invest in. Currently, Brickleaf Properties owns approximately $4.2M in multifamily real estate, has flipped numerous homes, and has been a principal party in $14M+ worth of transactions.
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