Creative Capital Podcast 160: Accelerating Your Success Through Mentorship with Michael Wagman

Apr 22, 2022

Are you looking to accelerate your real estate success but have no idea how? In today’s episode, we will be talking about my absolute favorite kind of real estate investing, multifamily. And we will also be deep-diving into mentorships, and coaching, what that entails, and what it looks like.

Michael brings solid experience with nearly every stage of residential real estate investing: from finding off-market discount properties, planning, and managing renovation, determining the proper exit strategy, refinance or rent, marketing, and listing the properties as a retail agent. In a few short years, he was able to leverage the sales of Fix and Flip properties into a portfolio of smaller multi-family properties and currently owns 8 units.

Prior to real estate, Michael worked as a sales professional in Tel Aviv, Israel for a software company.

[00:01 - 11:02] Rock Your Way to Real Estate

• Don’t miss out on our 100% heart and soul mentorship coaching. Head on straight to www.ferraricapital.com and be a part of the Ferrari Capital Group Coaching Program!
• How Michael entered real estate from a rock star background
• Michael’s transition from single-family to multifamily, motivations, markets, and more 

[11:03 - 21:46] Shifting to Larger Deals through Education

• Two requirements in doing larger deals
• The differences in the benefits between single-family and multifamily
• Shifting mindsets from doing a 4-unit to 50-unit property through education
  • Check out Multi-Family Millions by David Lindahl 

[21:47 - 28:58] Accelerating Your Success Through Mentorship

• Michael shares the story of how he created a strong partnership connection as a product of attending mentorship programs
• Choosing the Right Mentorship Program for Yourself
  • Read books and follow the authors you like
  • The true value is in the networking and immersion 

[28:59 - 38:37] Michael’s Current Portfolio

• Scaling the business in New Mexico and Arizona
  • Pursuing smaller deals because “when they pencil good, they pencil good.”
• Internal Partnerships and Capital Raising in 2022
• What Makes Michael Stand out from other Sponsors
• Real estate has an infinite amount of ways to invest, create, and preserve wealth
• The future of Nimble Capital Group 

[38:38 - 49:31] Wrapping Up!

• The Pod Decks Segment
• The Core Four Segment
  • Check out Raising Capital for Real Estate by Hunter Thompson 

Connect with Michael Wagman on LinkedIn and Instagram

Key Quotes

“Education is kind of the foundation of everything we do. When it comes to real estate and financial literacy in general in this country, there's nobody out there to teach it to you unless you take it upon yourself to learn it.” - Michael Wagman

“You're never gonna regret spending money on your education.” - Michael Wagman

“Just start and then persevere. Real Estate takes a lot of time.” - Michael Wagman

Connect with me!

You can reach and connect with me

Facebook: https://www.facebook.com/joshua.ferrari.16/

LinkedIn: https://www.linkedin.com/in/joshua-ferrari-6b9107160/

Instagram: https://www.instagram.com/ferraricapital

Youtube: https://www.youtube.com/channel/UCBXmi10tWHWL44N6hx1R-Ag

You can also email me at [e-mail]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

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