JF2831: How a Former Teacher Scaled to $400M in AUM ft. Todd Dexheimer

<p><span style="font-weight: 400;">When former high school teacher Todd Dexheimer decided he wanted to get into real estate 14 years ago, he scraped up every last dollar he and his wife had to buy their first single-family rental property. Today, as a GP of 4,000 units, Todd is focused on purchasing well-located commercial multifamily and senior housing assets. In this episode, he shares how he transitioned from flipping houses to buying commercial multifamily properties, how the current market is influencing his underwriting and perspective on debt, and why understanding the current state of the market is key to survival.</span></p> <p><strong>Todd Dexheimer | Real Estate Background</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">CEO and owner of Endurus Capital (multifamily) and VitaCare Living (assisted living). They purchase and syndicate 100+ unit value-add multifamily and senior housing, focusing on properties with economical deficiencies in grade B+ to A locations.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Portfolio:</span></li> <ul> <li style="font-weight: 400;" aria-level="2"><span style= "font-weight: 400;">GP of 4,000 units, totaling $400M in AUM</span></li> <li style="font-weight: 400;" aria-level="2"><span style= "font-weight: 400;">LP of $1.5M</span></li> </ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Based in: St Paul, MN</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Say hi to him at:</span></li> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "http://www.enduruscapital.com/"><span style= "font-weight: 400;">enduruscapital.com</span></a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.facebook.com/todd.dexheimer"><span style= "font-weight: 400;">Facebook</span></a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.instagram.com/todddex/"><span style= "font-weight: 400;