Nov 30, 2021
Rodney has been investing in multifamily real estate for two and half years. He started investing in single-family housing in 1996. Looking to expand, Rodney learned how to syndicate real estate and moved into multifamily. Currently, Rodney has over $50MM of multifamily assets under management consisting of 765 units. Rodney and his wife Pattie live in Southeast Minnesota. Solaris Equity Partners is looking to add an additional 1000 units to its portfolio in 2022.
Let’s dive in to learn more about how to scale and the importance of teams and partnerships.
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[00:01 – 07:55] Opening Segment
[07:55 – 18:46] Hiring a Coach and Getting Started
[18:46 – 37:05] Overcoming Setbacks with Lenders
[37:05 – 44:23] Round of Insights
Relying on somebody else to read documents.
Most Recommended Book:
#1 Insight for Multifamily Investing:
Working on the people you associate with.
Best Place to Grab a Bite in Minnesota
“You get what you put into it. If you’re just going to sit back and cry about how things have changed and not in your favor anymore - that’s where it’s going to be.” - Rodney Thompson
“It’s just perseverance - You’ve got to stay with it because that’s when the game starts playing, it’s after you put the time in and get the word out to people. ” - Rodney Thompson
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