Multifamily Missteps Hosted by Jerome Myers

Wait it Didn't Go Up in Value - Axel Ragnarsson

April 26, 2022 Jerome Myers - The Preeminent Authority on Dream Realization
Multifamily Missteps Hosted by Jerome Myers
Wait it Didn't Go Up in Value - Axel Ragnarsson
Show Notes

What makes the real estate industry attractive is how you can attain a huge cash flow passively. However, is that the truth or is there something more? In today's episode, Axel Ragnarsson discloses his story and reminds us of the due diligence to establish when assessing deals, the ramifications of not working with key persons in transactions, and the dangers of complacency and how it can put you in a tough spot.

[00:01 - 04:49] Opening Segment 

  • Get to know today's guest, Axel Ragnarsson
  • He shares his podcasting and real estate journey
  • Missing out on the best deal because of his job

[04:50 - 13:31] Pulling the Lever on Equity, Not Just Cashflow

  • The danger of not understanding the construction side of the business
  • Cost basis approach: Why this is important
  • More than cashflow and passive income

[13:32 - 22:45] Complacency Puts You in a Tough Spot

  • Axel shares the challenges in his first few deals on refinancing
  • The financial ramifications of not having a broker
  • Good deals no longer growing from trees

[22:46 - 24:20] Closing Segment

  • Check out Axel’s podcast and reach out to him!
  • Final words

Tweetable Quotes:

“You learn a ton of stuff as you grow. Right? I think we all obviously do. And there's so many things you'll learn. ” - Axel Ragnarsson

“Real estate's a game where we all get into it for cash flow and passive income. And I think that's what entices a lot of people to or brings a lot of people to real estate, but you really make money by growing the equity and growing the value of a property or, you know, buying something below market taking your cash out buying something else.” - Axel Ragnarsson

“I think that we're at this point in the business where good deals, they're not just growing on trees, right? It's not like it's easy to go out there and, and get a good deal. So you really got to maximize what you have, like in front of you.” - Axel Ragnarsson 

Learn more about Myers Methods of Multifamily Investing:

Register for Myers Methods Multifamily Investing Course:

Learn more about the Mid-Atlantic Multifamily Conference:

Support the show