Ep. 010: Mastering Multifamily Investments and Building Success

On this episode, Dustin sits down with Jonathan Nichols, the founder of Apogee Capital. Jonathan has carved out a niche in multifamily real estate investing, focusing on tertiary markets in Texas and Oklahoma. With a preference for high cash flow investments, his approach aligns with balancing potential returns and associated risks, driven by investor interest. Jonathan's expertise shines in the early stages of deals, particularly in finding properties, conducting detailed financial analyses, and overseeing acquisitions.

For LPs looking to invest, he emphasizes the importance of understanding the risk involved in each deal. This includes evaluating the type of debt product used and comparing the return profile against the risk. Markets, location, and the experience of property managers are additional factors LPs should carefully consider.

Jonathan seeks out B Class and strong C+ assets with 100+ units, which allows for dedicated on-site management and maximizes operational efficiency. His path to multifamily success started with extensive self-education, including books and podcasts, before joining a mentorship program that helped him refine his approach and skills. Networking and capital raising, which were initially challenging, became strengths over time as he learned the value of relationships in the industry. For those aiming to become general partners, he stresses the importance of gaining comprehensive knowledge through educational avenues and mentorships to prepare for the multifaceted nature of the role.