Episode 93: Tech Expert's Insights: Strategic Transition and Multifamily Investments

In this episode, John Todderud, founder of Cardinal Oak Investments, shares his journey from being a software engineer to becoming a multifamily real estate investor. He discusses the importance of having a money mindset and how his career path led him to explore real estate as a means of achieving financial freedom. John shares his first real estate investment and why he shifted from single-family homes to multifamily properties. He provides valuable insights and guidance for tech professionals looking to venture into real estate, including managing time, building relationships with brokers, and finding the right deal analysis approach.

Tune in to gain valuable insights into financial education and discover how John helps tech professionals in building wealth and generating long-term income.


Enjoy this episode on your favorite podcast platform

✅ Apple → https://podcasts.apple.com/gb/podcast/tech-experts-insights-strategic-transition-and/id1625806145?i=1000645561947
✅ Youtube →  https://youtu.be/-1y4VINdzTs


Let’s Stay Connected

✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/


Time Stamps

[00:01:19] Money mindset
[00:06:16] Real estate investment decisions
[00:11:06] Transitioning into real estate
[00:14:23] Choosing real estate investment markets
[00:18:27] Overanalyzing in real estate investing
[00:24:13] Real estate marketing strategies
[00:26:45] Building relationships as a broker
[00:33:44] Building relationships with brokers
[00:38:29] Investing for lifestyle reasons

Quote

"I looked for a lot of different paths, ways that I could spend my time and money and real estate really resonated for me because it was something I could do without leaving my W-2 job and get up and working for a while and I had control over it and I liked that path and most people in real estate are following something fairly similar."

"There are a lot of ways to make mistakes and you need to learn from other people who have made the mistakes so that you're not making them yourself.

"You need people on your team who have experience and you'll give them a little bit bigger share of the equity as a result."

"If a tenant makes an inquiry to your ad, you need to respond quickly because that tenant's just run, or prospective tenant is running down through a list of apartments they found in your area."

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