191: Strategic Multifamily Acquisition and Management with Randal McLeaird

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 Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. 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 - info@streamlined.properties 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.