235: Unlocking Value With Carefully Chosen Multifamily Real Estate with Mike Madsen

Multifamily is an asset class that shows no signs of slowing down, but carefully choosing where to place that money can ensure your investment is worthwhile.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Mike Madsen, Vice President of Acquisitions and Economics at RealSource Residential. RealSource is focused on long-term and sustainable growth and has a multifamily track record with more than $1 billion in cumulative investments and 6,300 renovated apartments.

Jonathan and Mike begin their discussion by exploring what makes multifamily a great investment and Mike’s market outlook for housing and multifamily. You’ll hear about the pent-up demand for housing, how it will continue to impact rents, and the factors Mike uses to determine where to invest. He also shares his family history in real estate investing, the best markets to move to right now, and Mike’s preference for value-add properties. Mike explains how you can mitigate risk in multifamily, where the operational sweet spot is, and what markets he has his eye on right now. He reveals the metrics he uses to evaluate a value-add property, the amenities tenants are looking for in this market, and how RealSource Residential helps investors discover their next investment.

Multifamily continues to be a hot topic in real estate investing, and Mike Madsen outlines his tips for ensuring you make a sound investment.

In this episode, you will hear:

• Why multifamily is always an excellent investment
• Mike Madsen’s market outlook for housing and multifamily opportunities
• The pent-up demand for housing and how it’s going to continue to impact rents
• Factors Mike uses to determine where to invest
• His family history in real estate investing and how Mike started his own journey
• The best markets to move to right now, based on his evaluation metrics
• Out-of-state investing and Mike’s preference for value-add properties
• Mitigating risk in multifamily and the sweet spot for operational economies of scale
• The markets Mike has his eye on right now, the metrics he uses to evaluate a value-add property, and how occupancy rates impact renovations
• Additional amenities tenants now look for in a multifamily property
• How Mike’s company, RealSource Residential, helps investors find their next investment
• Mike Madsen’s advice for investors looking to get into multifamily

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Supporting Resources:

RealSource Residential website - www.realsourceresidential.com

Connect with Mike Madsen on LinkedIn - www.linkedin.com/in/michael-madsen-Utah

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 - www.zillow.com/profile/StreamlinedReal

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

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

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.