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Building Wealth with Axel Ragnarsson: From Flipping Cars to Mastering Multifamily Real Estate
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In this episode of the REsimpli Podcast, host Sharat interviews Axel Ragnarsson, a Boston-based entrepreneur with roots in New England.
Axel shares his journey into real estate, beginning as a college junior flipping cars for income. Inspired by HGTV’s "Flip or Flop," he ventured into house flipping before discovering and focusing on multifamily real estate investments. His approach involved direct seller interaction to secure deals on small to mid-sized multifamily properties, using private money financing to grow his portfolio.
Reflecting on his growth in 2020-2021, Axel shifted towards scaling his business, focusing on larger deals and raising capital. He highlights the importance of relationship-building in the industry, particularly with private money lenders and local banks for financing. Axel also advises cautious investment, emphasizing the significance of understanding local markets, avoiding highly problematic neighborhoods, and structuring debt wisely. Outside of real estate, Axel enjoys golf, and skiing and values the power of team-building in business.
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