191: Strategic Multifamily Acquisition and Management with Randal McLeaird

Zen and the Art of Real Estate Investing

The book “Rich Dad Poor Dad” has been a wake-up call for would-be real estate investors everywhere, and today’s guest is no different.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Randal McLeaird, founder of Ridgeline Investment Group. Ridgeline has over a decade of experience consistently delivering value to investors through strategic acquisitions and management. Randal is also the host of the podcast Agents Building Cashflow.

Jonathan and Randal begin their conversation by exploring how “Rich Dad Poor Dad” inspired Randal to start real estate investing, why the timing of when he read it mattered, and his involvement with mortgages early in his career. You’ll hear about Randal’s first deal, what he learned from his first few property flips, and why his strategy to get started isn’t the best for today’s new investors. He shares why he’s investing in small multifamily properties in Texas, expanding into Georgia, and learning to hold properties longer. Randal explains what led to purchasing land, why having a spouse or partner on board with real estate investing is important, the biggest mistake new flippers are making, and Randal’s advice for new investors doing rehabs.

If you’ve ever wondered if you can start from scratch and become a successful real estate investor, Randal McLeaird shares how he did that.

In this episode, you will hear:

• How “Rich Dad Poor Dad” inspired Randal McLeaird to begin real estate investing and the timing of reading it
• Randal’s involvement in mortgages, his path into real estate investing, and his first deal
• His first few properties and what he learned from those flips
• Why the strategy Randal used to get started doesn’t work as well today
• The appeal of small multifamily properties in Texas and the opportunities they offer
• The timing behind leaving Texas and moving into Georgia
• Holding properties longer and what led Randal to start buying land
• Looking at real estate as a vehicle for investing as well as a home
• Getting a partner or spouse on board with real estate investing
• The biggest mistakes new flippers are making
• Randal’s advice for new investors doing rehabs

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/191/ to download it.

Supporting Resources:

Ridgeline Investment Group - ridgelineig.com

Agents Building Cashflow on YouTube - www.youtube.com/@agentsbuildingcashflow

Agents Building Cashflow on Facebook - www.facebook.com/agentsbuildingcashflow

Find Randal McLeaird on Instagram - www.instagram.com/randal_mcleaird

Connect with Randal on LinkedIn - www.linkedin.com/in/randalmcleaird

Randal’s TikTok - www.tiktok.com/@agents_building_cashflow

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [e-mail]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.