{"id":92950,"date":"2017-10-12T00:02:32","date_gmt":"2017-10-12T06:02:32","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=92950"},"modified":"2023-04-14T00:38:30","modified_gmt":"2023-04-14T06:38:30","slug":"biggerpockets-podcast-248-shop-teacher-multifamily-syndicator-todd-dexheimer","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-podcast-248-shop-teacher-multifamily-syndicator-todd-dexheimer","title":{"rendered":"From Shop Teacher to Multifamily Syndicator with Todd Dexheimer"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Looking to scale up your real estate investing business? If so, don\u2019t miss this incredibly powerful episode of The <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">BiggerPockets Podcast<\/a>. On today\u2019s show, you\u2019ll meet <strong>Todd Dexheimer<\/strong>, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years. You\u2019ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team\u2014no matter how far he&#8217;s located from the property. <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC2934766487&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"From Shop Teacher to Multifamily Syndicator with Todd Dexheimer | BP Podcast 248\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/ouAro6RjVco?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"http:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com<\/a><\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"https:\/\/www.realtyshares.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>How Todd <strong>got started<\/strong> in real estate<\/li>\n<li>How he <strong>found and financed<\/strong> his first deal<\/li>\n<li>What exactly a <strong>203k loan<\/strong> is<\/li>\n<li>How he bought a <strong>rental<\/strong> and a flip<\/li>\n<li>How to <strong>three projects<\/strong> at the same time while working a full-time job<\/li>\n<li>What his <strong>investing life<\/strong> looks like today<\/li>\n<li>How he scaled his investing to <strong>hundreds of purchases<\/strong><\/li>\n<li>How he was able to <strong>gradually quit<\/strong> his job<\/li>\n<li>Tips for digging deeper with <strong>midsize multifamily<\/strong> properties<\/li>\n<li>What he <strong>looks for<\/strong> in a property<\/li>\n<li>Advice for getting the <strong>overall picture of the market<\/strong> (a unique way to study markets)<\/li>\n<li>How Todd manages to invest <strong>out-of-state<\/strong><\/li>\n<li>How to get the right people on your <strong>team<\/strong><\/li>\n<li>Why he chose <strong>Cincinnati<\/strong><\/li>\n<li>The story behind his <strong>84-unit<\/strong> contract<\/li>\n<li>How he <strong>manages<\/strong> his projects<\/li>\n<li>His <strong>ski resort<\/strong> story<\/li>\n<li>Todd\u2019s vision of owning <strong>$200 million<\/strong> in real estate<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/www.cbre.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">CBRE<\/a><\/li>\n<li><a href=\"http:\/\/www.marcusmillichap.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Marcus &amp; Millichap<\/a><\/li>\n<li><a href=\"http:\/\/www.ararental.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">ARA Rental<\/a><\/li>\n<li><a href=\"http:\/\/www.colliers.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Colliers<\/a><\/li>\n<li><a href=\"http:\/\/www.redicincinnati.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Redi Cincinnati<\/a><\/li>\n<li><a href=\"http:\/\/www.loopnet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">LoopNet<\/a><\/li>\n<li><a href=\"https:\/\/www.trulia.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Trulia<\/a><\/li>\n<li><a href=\"\/renewsblog\/2015\/08\/13\/bp-podcast-135-raising-money-to-buy-1000-apartment-units-with-brian-adams\/\" target=\"_blank\" rel=\"noopener noreferrer\">Raising Money to Buy 1,000 Apartment Units with Brian Adams<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/bookstore\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Set for Life<\/em><\/a> by Scott Trench<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/bookstore\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Finding &amp; Funding Great Deals<\/em><\/a> by Anson Young (discounted!)<\/li>\n<li><a href=\"http:\/\/amzn.to\/2xZ192V\" target=\"_blank\" rel=\"noopener noreferrer\"><em> Emerging Real Estate Markets<\/em><\/a> by David Lindahl<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/richdadpoordad\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad Poor Dad<\/em><\/a> by Robert Kiyosaki<\/li>\n<li><a href=\"http:\/\/amzn.to\/2z0Vh7h\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The ABCs of Real Estate Investing<\/em><\/a> by Ken McElroy<\/li>\n<li><a href=\"http:\/\/amzn.to\/2kIpaXp\" target=\"_blank\" rel=\"noopener noreferrer\"><em> How to Win Friends &amp; Influence People<\/em><\/a> by Dale Carnegie<\/li>\n<\/ul>\n<h2>Fire Round Questions<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/52\/topics\/494563-is-a-roof-deck-on-a-multifamily-worth-building\" target=\"_blank\" rel=\"noopener noreferrer\">Is a roof deck on a multifamily worth building?<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/52\/topics\/494420-legally-speaking-what-is-considered-property-management\" target=\"_blank\" rel=\"noopener noreferrer\">What services could a person provide that would not be considered acting as a property manager? <\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/52\/topics\/494253-short-term-lease-or-long-term\" target=\"_blank\" rel=\"noopener noreferrer\">Short Term or Long Term Lease?<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/67\/topics\/492603-flipping-a-house-with-extensive-mold-advice-or-order-of-repairs\" target=\"_blank\" rel=\"noopener noreferrer\">Flipping a house with extensive mold (advice or order of repairs)<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/84\/topics\/490275-adding-sqft-to-a-home\" target=\"_blank\" rel=\"noopener noreferrer\">Adding sqft to a home<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/61\/topics\/488162-owner-wants-to-sell-9-mos-from-nowbest-way-to-tie-up-property\" target=\"_blank\" rel=\"noopener noreferrer\">Owner wants to sell 9 mos from now&#8230;best way to tie up property?<\/a><\/li>\n<\/ul>\n<h2>Tweetable Topics<\/h2>\n<ul>\n<li>\u201cIt\u2019s not just about good cash flow; it\u2019s about your ability to get out of that investment in the future.\u201d (<a href=\"https:\/\/twitter.com\/home?status=%E2%80%9CIt%E2%80%99s%20not%20just%20about%20good%20cash%20flow;%20it%E2%80%99s%20about%20your%20ability%20to%20get%20out%20of%20that%20investment%20in%20the%20future.%E2%80%9D%20biggerpockets.com\/show248\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;It\u2019s all a referral business. People talk about people they like and trust.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22It%E2%80%99s%20all%20a%20referral%20business.%20People%20talk%20about%20people%20they%20like%20and%20trust.%22%20%20biggerpockets.com\/show248%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;If you\u2019re going to try to raise money, you&#8217;ve got to have people who know what you do.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22If%20you%E2%80%99re%20going%20to%20try%20to%20raise%20money,%20you&#039;ve%20got%20to%20have%20people%20who%20know%20what%20you%20do.%22%20biggerpockets.com\/show248\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Getting good tenants is the best strategy.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Getting%20good%20tenants%20is%20the%20best%20strategy.%22%20%20biggerpockets.com\/show248%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with Todd<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/ToddD23\" target=\"_blank\" rel=\"noopener noreferrer\">Todd&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/venturedproperties.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Todd&#8217;s Company Website<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/in\/dexproperties\/\" target=\"_blank\" rel=\"noopener noreferrer\">Todd&#8217;s Linkedin Profile<\/a><\/li>\n<li><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/pillars-of-wealth-creation\/id1296372835?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\">Todd&#8217;s Podcast<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>On today\u2019s show, you\u2019ll meet Todd Dexheimer, who started investing in real estate while working full-time as a shop teacher at a Minnesota High School.<\/p>\n","protected":false},"author":17340,"featured_media":117985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-92950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/92950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=92950"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/92950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/117985"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=92950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=92950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=92950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}