Todd Dexheimer, Principal of Endurus Capital and VitaCare Living started investing in Real Estate in 2008. Today his companies own 4,000 units of multifamily and senior housing. Todd has completed over 150 flips, including a 20 unit mobile home park and a ski resort, while using those profits to build his rental portfolio. Today his focus is on syndicating value-add Senior living and multi-family in emerging markets.
Todd is also the host of the podcast Pillars of Wealth Creation and is passionate about teaching others how to create a business and how to take control of their finances. Todd was a high school industrial tech teacher prior to investing.
“Anytime you’re making a big decision, whether it’s moving or moving careers or whatever, the idea of leaving it all behind is very tough.”
In this latest episode with Todd, you will learn:
1. Todd Dexheimer’s journey from teacher to real estate investor and how he overcame resistance to make the switch.
2. Todd’s incredible flips of a mobile home park and a ski resort and how he made a substantial profit on both.
3. Todd’s transition from one to four family rental properties to 100+ unit multifamily apartment buildings and the process of looking for deals from Minnesota in Kentucky.
Some key points:
(02:26) Todd was once a high school teacher, but became involved in RE full-time since 2010
(05:47) Todd started out by flipping houses
(06:31) Flipping a ski resort and flipping a mobile home park
(11:53) Todd makes his way into the multi-family market
(14:51) How to source deals from distant geographies
(16:47) Todd’s biggest issue for not going for bigger deals sooner was FEAR
(24:46) A, B and C class properties during hard times
(27:58) How Todd developed his multi-family portfolio all the way to 4000 units
(33:20) How does Todd go about finding effective business partners
(35:36) Todd’s assisted living side of the business
(40:32) Todd’s long-term plans for the future
(43:19) How to reach out to Todd
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