We know how important persistence and grit are in multifamily because there will be many obstacles along the way. Todd Pultz, today’s guest, has faced some truly jaw-dropping roadblocks, and what’s even more awe-inspiring is his ability to come out the other end. In this episode, Todd walks us through his real estate journey so far, and how having his house foreclosed and his truck towed away in front of his in-laws motivated him to find a way to create a new life for himself. We then talk about his first deal and the way he figured things out as he went along.
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After doing well initially, Todd then invested in his second property, and he shares the story of how the building caught fire, leading him to lose all of the money he had made from his first deal. From there, we hear about Todd’s third deal and how he turned it around only for it to be struck by a tornado! Todd could have easily thrown in the towel, but it was during this time he stepped up to the plate for his tenants and the community at large. He was far more than a General Contractor overseeing the rehab — He was a beacon of hope for the neighborhood. Along with hearing this moving story, Todd also shares how a brief encounter with Whitney changed his approach to real estate, how he has managed to dig deep after so many setbacks, and the struggles he has balancing all of his responsibilities. To hear more, tune in today!
Key Points From This Episode:
- Todd’s background and the pivotal moment that led to him pursuing real estate investing.
- The incredible story of Todd’s first deal and his negotiation skills.
- How Todd learned more about the world of multifamily through his first deal.
- One of the biggest mistakes that Todd made early on in his real estate journey.
- The impact that briefly meeting Whitney at a conference has had on Todd’s career.
- Hear more about Todd’s property management superpower, particularly on his third deal.
- The million-dollar rehab Todd oversaw after a tornado struck his apartment building.
- Lessons that Todd learned as the GC of the rehab.
- Three key factors that helped Todd persist with real estate despite the numerous setbacks.
- Todd’s passion for C-class properties and treating all tenants with respect.
- How Todd juggles his full-time job with his real estate investments and family responsibilities.
- Two ways Todd has recently improved his business, the biggest contributor to his success, and giving back.
[bctt tweet=”One of the things people forget about sometimes is your everyday interactions and how much impact you can have on somebody. — Todd Pultz” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Todd Pultz
Todd Pultz is a real estate investor from Dayton, OH, who focuses on multifamily properties and flips. Growing up in the inner city and trailer parks with very little, Todd truly believes he is living the American Dream. He has a love for sports and has coached various sports at multiple levels. Currently, Todd is married to Lisa with three kids. His wife, Lisa, is an amazing woman and works as an ICU nurse. In 2013, Todd acted on his curiosity for real estate and jumped in feet first by purchasing his first 4-unit building. He was quickly addicted to real estate and surprised at the passion he developed for the industry. His journey to date has continued, and he has acquired over 100 doors in the same market through creative financing options and cash flow management. During this time, the love for rehab developed for Todd, and he has successfully fixed and flipped dozens of properties. Most recently, Todd has been working on development deals as well on some outside the box ideas. Todd personally manages all doors and projects while maintaining full-time employment as the Vice President for a large security firm. With a police background, often he finds opportunities in properties that might scare off others. Todd has a degree in criminal justice and is a certified interrogator. Additionally, Todd is a licensed Realtor in Ohio. Todd has had phenomenal mentors and surrounded himself with incredible people who have contributed to his success. He believes in giving back through multiple avenues including civic service. Todd believes in treating people right always as it will come back to you magnified. Fighting through personal and business struggles, Todd has come out stronger than ever and is laser-focused on real estate and ready to scale larger and do more.
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