From Audio-Engineer to Multi-family Partner: Dwayne Winkle's Journey to Financial Freedom

Dwayne Winkle, a multifamily real estate investor, joins the podcast while relaxing on the beach in Punta De Mita, Mexico. Dwayne shares his experience as a syndicate with 500 units and $30 million under asset management in Arizona. He discusses his transition from single-family homes to syndications while holding down a W2 job in the tech sector. Dwayne emphasizes the benefits of passive investing in multifamily real estate and shares his entrepreneurial journey, highlighting the freedom it offers compared to traditional business ownership. He stresses the importance of creating a business plan when taking out a commercial loan and highlights the value of partnering with a property management company. Dwayne also touches on enhancing the resident experience through amenities and adapting to market trends.During the conversation, Dwayne delves into the current state of the multifamily market and addresses the issue of rising rents. Host Brian engages in a debate with Dwayne regarding the potential implementation of rent caps by the Biden administration. Dwayne argues in favor of capitalism, suggesting that rental prices should be determined by market forces, allowing individuals to explore more affordable options that still offer similar amenities. However, he acknowledges the impact of inflation on costs and mentions adjusting rental prices for vacant units to remain competitive. Ultimately, Dwayne concludes that adapting to the market and offering attractive rental options are essential strategies for success.
Guest Contact Details:https://www.winkelcapital.comduane@winkelcapital.com

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