Lessons from Building a Syndication Business with John Todderud, Ep. 628

John Todderud is a multifamily investor and syndicator focusing on sourcing, underwriting, sponsoring, and raising capital 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 but in need of 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.   In this episode, we talked to John about the differences between hands-on and hands-off investors, expanding into other states, the key to his success, investment partners and when to bring them in, his portfolio, and much more.   Announcement: Learn about our Apartment Investing Mastermind here.   Building a Real Estate Syndication Business;   02:30 John's background; 08:42 Hands-on investor vs. hands-off investor; 16:23 Expanding beyond East Washington; 19:33 An insight into John's success; 22:48 The right time to bring on investment partners; 28:51 John's current portfolio; 31:18 Round of insights       Announcement: Download our Sample Deal package here.   Round of Insights   Apparent Failure: In his first deal, lacking due diligence and not working with the right team. Digital Resource: ActiveCampaign. Most Recommended Book: Building a StoryBrand. Daily Habit: Waking up early and getting many small tasks done, therefore being able to plan out the rest of the day. #1 Insight for growing a syndication business: Networking and building personal relationships are the key to success. Best place to grab a bite in Seattle, WA: The Melrose Grill.   Contact John: Website: https://learnaboutapartments.com   Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.