House Hacking to Financial Freedom: Michael Wagman’s Game-Changer Moment

 “Then when I moved to Tampa, I bought a four-unit building and I lived in one of the units. I renovated as many as I could, and then I moved into one. And that was the real game changer. An aha moment for me. And I mean, I had tried other things up to that point. I tried wholesaling; I hated that with a burning passion. I tried being a realtor and hated that even more than I hate wholesaling. So, props to any successful realtors out there. But buying that first four unit and accidentally sort of getting into house hacking was revolutionary for me because now that I no longer had a housing payment, I was actually getting paid to live where I was living.”

 

Join me this week as I interview Michael Wagman, the managing partner and co-founder of Nimble Capital Group. Michael began his real estate journey at the age of 25, flipping houses with no prior knowledge, all due to his love of the shows on HGTV. Having tried most strategies from wholesaling to house hacking to vacation rentals, he finally found his passion in multifamily and large syndication deals. Michael started with one flip that turned into 700 rental doors and 3 developments. Today, his company holds a portfolio of over $60 million. 

Michael and I discuss:

·         His love of HGTV that led to flipping houses

·         The impact of house hacking to financial freedom

·         His transition from flipping to multifamily investments and development

·         Navigating the multifamily market post-pandemic

·         Creative financing strategies

·         Understanding development projects and deals

·         Investor profiles and market sentiment

·         Tax strategies and real estate investments

 

Episode Links:

 

LinkedIn: https://www.linkedin.com/in/michaelwagman/

YouTube: @nimblecapitalgroup5053

IG: https://www.instagram.com/nimble_capital_group/

Facebook: https://www.facebook.com/nimblecapital2022

 

https://nimblecapitalgroup.com/

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What is The Capitalizing Your Life Podcast?

Welcome to Capitalizing Your Life—the podcast that shows you how to take control of your money, build lasting wealth, and create financial freedom using the Infinite Banking Concept. If you're ready to make your cash flow work for you instead of someone else… you’re in the right place.