How a Tech Pro Invests with John Todderud
🔥On this Real Estate Hustlers Podcast episode, we will be talking with John Todderud a multifamily investor and syndicator who focuses on sourcing, underwriting, sponsoring, and capital raising for deals. He began in real estate during his software and technology career, buying multifamily real estate. First smaller properties, focusing on finding vendors to repair, improve, and manage, then shifting his focus to partnering with other ambitious real estate investors to acquire larger properties. John is now full-time in multifamily real estate.
His team acquires properties in emerging markets where rental demand is strong, the community is growing, and smart renovations drive rent growth. They invest in mostly stable properties that need modernization. They may not look attractive and may have old-style interiors and other annoyances that tenants don’t want. Those are opportunities to improve lives by improving communities.
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Key Points From This Episode:
In this episode of the Real Estate Hustlers podcast, host Josh Appelman interviews John, a multifamily investor and syndicator. John shares his background in information technology and his transition into real estate investing over the past 13 years. He started with small multifamily properties and gradually moved on to larger ones, eventually learning the benefits of syndication.
John emphasizes the importance of mentors in his journey and the value of sharing knowledge with others. He discusses his passion for finding good deals and the importance of networking to find the right partners for his investments.
The conversation then shifts to the current real estate market, with John expressing his preference for investing in the Midwest, particularly in the Southern Midwest tier. He highlights the population and job growth in these areas, as well as the presence of real estate-friendly states. John believes that these markets offer opportunities for cash flow and potential appreciation.
The discussion delves into the role of asset management in real estate investing. John emphasizes the need for good asset managers and the importance of clear communication with property managers. He also discusses the various tasks involved in asset management, such as finding contractors and overseeing renovations.
The conversation continues with a focus on property analysis. John shares his approach to analyzing properties, including researching the area, assessing rental rates, and evaluating the potential for improvements. He emphasizes the importance of understanding the demographics and retail presence in the area.
The episode concludes with a discussion on ideal investors. John values investors who have taken the time to understand real estate investing and are willing to learn and be patient. He sees himself continuing to invest in real estate for the long term and helping others achieve their wealth-creation goals.
Listeners can learn more about John and his investment opportunities at learnaboutapartments.com or by contacting him via email at john@learnaboutapartments.com.
Overall, this episode provides valuable insights into multifamily investing, asset management, and finding success in the real estate market.
About John:
🔥On this Real Estate Hustlers Podcast episode, we will be talking with John Todderud a multifamily investor and syndicator who focuses on sourcing, underwriting, sponsoring, and capital raising for deals. He began in real estate during his software and technology career, buying multifamily real estate. First smaller properties, focusing on finding vendors to repair, improve, and manage, then shifting his focus to partnering with other ambitious real estate investors to acquire larger properties. John is now full-time in multifamily real estate.
His team acquires properties in emerging markets where rental demand is strong, the community is growing, and smart renovations drive rent growth. They invest in mostly stable properties that need modernization. They may not look attractive and may have old-style interiors and other annoyances that tenants don’t want. Those are opportunities to improve lives by improving communities.
Get In Touch With John:
LinkedIn: johntodderud
Facebook: facebook.com/CardinalOakInvestments
Instagram: johntodderud