There are many misconceptions of sordid intentions in the realm of multi-family real estate and our guests today are here to shatter the stereotype of the money-guzzling landlord, as well as share some valuable insights into value-add investing and vertical integration. Mark Shuler and Josh Welch are both successful investors in their own right, and today on The Real Estate Mindset Podcast they fill us in on some of their personal views and experiences in the field. We discuss the scalability of multifamily real estate and the potential for community impact, and we hear about Mark and Josh’s passion for serving underserved communities and their scorn for those simply “chasing the yield”. We learn about the benefits of value-add investing for communities and investors alike and the many variables that continue to create a demand for multifamily real estate. Our guests tell us why they chose to shift from third-party management to vertical integration and the growing pains they experienced. We touch on the continuous nature of growth and learning as you scale your business, and the role of consistency, hard work, and defining your own destiny on the road to success. For another insightful episode exploring the mindset behind why certain investors are so successful and how we can learn from their achievements and failures, tune in!

Key Points From This Episode:

  • Mark Shuler and Josh Welch’s professional backgrounds and what led them to real estate.
  • The scalability of multifamily real estate and the potential for community impact.
  • Misconceptions about sordid intentions in multifamily real estate.
  • The hardest thing Mark faces in Seattle; why he no longer does deals on the west coast.
  • Why value-add investing is such a powerful and unique tool to create community and wealth.
  • The necessity of having a passion for creating community when it comes to value-add.
  • Why Josh and Mark chose value-add, from a financial standpoint.
  • The timeline and risk of value-add investment compared to ground-up construction.
  • Why multifamily investing is a strong play; how it was the obvious choice for Mark and Josh.
  • The variables creating a demand for multifamily real estate.
  • What Josh’s business does, why they do everything in-house, and why they chose Houston.
  • Why Mark chose Houston, the nature of the work he does there, and how he met Josh.
  • The danger of banking on appreciation and the downside of unsophisticated capital chasing.
  • Why they switched to vertical integration and the growing pains they experienced.
  • Mark and Josh’s intentional daily routines.
  • How Hunter Thompson’s Raising Capital for Real Estate inspires intentionality for Mark.
  • Who and what keep Josh inspired!
  • Mark and Josh’s respective views on and experience of mentorship.
  • Their biggest mistakes in their careers thus far and what they’ve learned from them.
  • Our guests’ definitions of success and what makes them successful.
  • The importance of consistency, hard work, and defining your own destiny.

Links Mentioned in Today’s Episode:

Wild Oak Capital

Mark Shuler on LinkedIn

SGRE Investments

Josh Welch on LinkedIn

Three Pillars Capital Group

Josh Welch Email

Raising Capital for Real Estate

Eric Nelson on LinkedIn