“If you want to raise money, you need to get the first deal done at all costs. Just close the first deal, because it instantly gives you credibility.” That is a message from today’s guest, the CEO and Co-Founder of Rise48 Equity and Rise48 Communities, Zach Haptonstall. Before entering the multifamily world, Zach tried his hand at many different careers including journalism and healthcare marketing, and in this episode, he explains why he eventually decided to make real estate investing his home. We learn how Rise48 became the go-to for top brokers, what Zach’s approach to raising equity looks like (and how it’s changed over the years), how investors are navigating the recent interest rate hikes, and how Zach's outlook on sourcing criteria moves with the times. We also speak about Rise48 Communities and how it fits into the greater picture, paying particular attention to how it affects the operations of Rise48 Equity. As we wrap up this inspirational and educational conversation, we discuss the recent rise in entry cap rates before Zach shares his methods of dealing with stress and fatigue and the two things he praises as the reasons for Rise48’s success. Tune in today!
Key Points From This Episode:
Links Mentioned in Today’s Episode:
Success Habits of Super Achievers
Passive Income Through Multifamily Real Estate Facebook Group