Apogee Wealth Podcast: Wealth, Business & Life By Design

About Apogee Wealth Podcast: Wealth, Business & Life By Design

Apogee Wealth Podcast: Wealth, Business & Life By Design is a show for professionals and investors who want a clearer, more intentional approach to building wealth through multifamily real estate syndication. The podcast focuses on how multifamily investing actually works, from understanding deal structures and underwriting to capital raising, asset management, and long term strategy. Conversations are grounded in real world experience and designed to help listeners better evaluate multifamily opportunities, understand risk, and think like experienced operators rather than chasing surface level returns. Whether you are actively investing in multifamily real estate, exploring syndications, or looking to deepen your understanding of how successful multifamily investors build and manage portfolios, the Apogee Wealth Podcast delivers practical insights, thoughtful discussions, and education you can apply with confidence. This is wealth, business, and life by design.

Publisher

Jonathan Nichols

Category

business · business · business

Language

en

Explicit

No

First episode

5 May 2026

Latest episode

21 Oct 2026

Latest episodes

27 episodes in the feed.

1. 

   21 Oct 2026

   How to Find the Right Investor Avatar for Your Multifamily Deals with Adriana Barrero and Paula Sabrsula

   What should you look for in a multifamily sponsor before trusting them with your money? In this episode, I sit down with Adriana Barrero and Paula Sabrsula of Elán Equity. Adriana is the co-founder of Elán Equity, a real estate investment firm that helps pilots, physicians, and busy professionals build wealth through passive real estate investing, with over 28 years of experience in real estate. Paula has over 13 years of experience in real estate investment and management, has been the principal in many real estate investment companies, and has been involved in over $50 million of real estate investments. We get into how they found each other as partners, why they chose pilots and doctors as the people they serve, and what they are doing differently to protect their investors after a rough few years in the market. We also talk about why they are still bullish on multifamily and what they would tell anyone just getting started. Timestamp 00:00 Intro 00:57 Paula’s journey from pharmacy to real estate investing 02:40 Adriana’s journey from marketing in Asia to multifamily 04:34 How to choose the right business partner in multifamily 09:49 Why Elán Equity focuses on pilots as their investor avatar 13:52 How to attract doctors, pharmacists, and busy professionals as investors 17:01 Why they are still bullish on multifamily real estate 20:09 Why they focus on raising capital and educating investors 27:09 Why they hire an outside underwriter to stress test every deal 32:17 Advice for anyone starting out in real estate investing 34:58 How to connect with Elán Equity What We Cover How Adriana and Paula transitioned from single family into multifamily investing What to look for when choosing a business partner Why picking a specific investor avatar makes raising capital easier How investors who got burned can think about syndications differently Why they see real estate as a hard asset worth owning right now Why they hire an outside underwriter to double check every deal Why educating investors comes before taking their money Key Takeaways Choose partners for honesty and shared values, and build in checks and balances from the start The best test of a partner is how they act when things get difficult, not during the honeymoon phase A clear investor avatar with a clear pain point, like high income taxes, makes your outreach far more focused Many investors who got burned since 2022 had a problem with the debt on the deal, not with the syndication structure itself An outside underwriter can stress test rent growth, exit cap rates, and capex, and sometimes the right answer is to walk away Educate your investors before taking their money, and put your own money in every deal Hire a coach and use discernment when choosing who to learn from Connect with Adriana Barrero and Paula Sabrsula Website: https://elanequity.com Invest with Elán Equity: https://www.elanequity.com/invest Hit follow or subscribe wherever you’re listening, and I’ll see you in the next episode! Connect With Me 🌍 Website: https://www.apogeemfc.com/ (https://www.apogeemfc.com/) 📸 Instagram: https://instagram.com/multifamilyengineer (https://instagram.com/multifamilyengineer) 💼 LinkedIn: https://www.linkedin.com/in/jonathan-nichols45/ (https://www.linkedin.com/in/jonathan-nichols45/) ✉️ Subscribe to my newsletter: https://www.apogeemfc.com/contact (https://www.apogeemfc.com/contact)

2. 

   14 Oct 2026

   Why the Next 12 Months Could Be the Best Time to Buy Real Estate with Nick DiLeone

   What can a conservative approach to multifamily investing teach you about surviving a changing market? In this episode, I sit down with Nick DiLeone, Managing Partner and founder of Leone Real Estate Partners, a Dallas-based firm focused on value-add and core-plus multifamily, RV parks, and warehouse and industrial investments. With over 20 years of commercial real estate experience, including senior asset management roles at Nuveen Real Estate and Berkeley Partners, Nick has closed 14 GP deals and now stewards over $100 million in assets under management. We talk about how his institutional background shapes the way he buys, why a loan assumption helped him get ahead of rising rates, why he diversified into RV parks and triple net, and where the multifamily market really stands today. Timestamp 00:00 Intro 01:00 Nick DeLeon's journey into real estate 03:22 Why conservative investing shaped Nick's strategy 04:03 Creating value through asset management in Waco 04:41 The risks of floating rate bridge debt 05:24 The Waco deal and navigating rising interest rates 06:53 Knowing when to sell and lock in returns 08:28 Why Nick invests across multiple asset classes 12:10 What effective asset management really looks like 15:55 In-house vs. third-party property management 18:14 How Nick sees today's multifamily market 25:53 Building relationships through real estate networking What We Cover Nick’s path from finance and IT into institutional real estate and eventually his own syndication business Why a conservative background shaped his approach to leverage and deal selection The Waco deal and what true value add looked like in practice Why loan assumptions became a smarter play than floating rate bridge debt How and why Nick diversified into RV parks and triple net alongside multifamily How Nick approaches asset management and works with third party property managers What is actually happening in the multifamily market right now and why deals keep falling apart Nick’s DFW meetup and current investment offering Key Takeaways A conservative underwriting background, even sixty five percent leverage, can set the tone for how you evaluate every deal going forward True value add often just means fixing the basics an owner never did, protesting taxes, bidding out insurance, and pushing rents The Fed telling you rates are going up is a warning worth listening to, even if you do not know exactly how high they will go Committing in advance to punch out once you hit investor return targets removes emotion from the exit decision Diversifying into other asset classes can make sense when your core market becomes overpriced, but only with the right specialized partner Treating a third party property manager like a partner instead of a vendor leads to better communication and better outcomes Real estate has effectively been in a recession for multifamily for three years, and prices are only now starting to truly reset Connect with Nick DiLeone LinkedIn: https://www.linkedin.com/in/nicholasdileone (https://www.linkedin.com/in/nicholasdileone) Email: nick@leonarepartners.com (mailto:nick@leonarepartners.com) Instagram: @nickleonepartners Hit follow or subscribe wherever you’re listening, and I’ll see you in the next episode! Connect With Me 🌍 Website: https://www.apogeemfc.com/ (https://www.apogeemfc.com/) 📸 Instagram: https://instagram.com/multifamilyengineer (https://instagram.com/multifamilyengineer) 💼 LinkedIn: https://www.linkedin.com/in/jonathan-nichols45/ (https://www.linkedin.com/in/jonathan-nichols45/) ✉️ Subscribe to my newsletter: https://www.apogeemfc.com/contact (https://www.apogeemfc.com/contact)

3. 

   7 Oct 2026

   What the Fed's Rate Hike Actually Means for Multifamily Investors

   The Fed just raised interest rates for the first time in 1,148 days. What does that actually mean for multifamily investors? In this episode, I break down what the Fed’s latest rate hike means for multifamily real estate and why investors should be paying attention to more than just the Fed funds rate. I explain the difference between the Fed funds rate, SOFR, and the 10 year Treasury, and why the 10 year Treasury is especially important when it comes to commercial real estate debt. I also break down how higher interest rates have affected multifamily valuations, why buildings that traded at aggressive prices in 2021 and 2022 are now selling at significant discounts, and the relationship between interest rates and cap rates. We look at why cap rates can lag changes in interest rates and how rent growth, financing costs, and investor expectations all influence property values. Timestamp 00:00 Intro, the Fed's first rate hike in over three years 02:16 The Fed funds rate explained 02:51 What is SOFR? 03:29 How the 10 year Treasury works 04:29 Why Treasuries matter to commercial real estate 09:25 Why floating rate debt created distress 12:47 How cap rates affect property values 14:40 Why cap rates and interest rates aren't directly correlated, and where that falls apart 16:10 The impact of rent growth on cap rates 17:38 What experts are saying about rates and the market 20:08 Where interest rates could go next 23:25 How Apogee Capital is underwriting deals in today's rate environment 26:37 The one idea to take away from all of this What I Cover What actually happened when the Fed raised rates for the first time in over three years The difference between the Fed funds rate, SOFR, and the 10 year treasury How interest rates affect multifamily debt and property values Why low interest rates drove multifamily valuations higher How floating rate debt contributed to today's distress The relationship between interest rates and cap rates Why cap rates lag changes in interest rates How rent growth affects property valuations Why today's market may create opportunities for disciplined buyers How Apogee Capital underwrites multifamily deals in a higher rate environment Why positive leverage and conservative assumptions are critical Key Takeaways The Fed only directly controls the Fed funds rate, the 10-year Treasury is set by the bond market based on inflation expectations and risk Floating rate bridge loans are priced off SOFR, which moves in near lockstep with the Fed funds rate Cap rates and interest rates are not directly correlated, but they are tied together through cost of capital, a lag effect, and rent growth expectations A property can lose 40 percent or more of its value when cap rates rise even if nothing about the actual asset changes The best buying opportunities in real estate history often happen during high rate periods because that's when competition disappears Resources Join my Multifamily Advisory Conference: https://www.eventbrite.com/e/multifamily-advisory-conference-tickets-1998949811697 (https://www.eventbrite.com/e/multifamily-advisory-conference-tickets-1998949811697) Mentorship Program 1:1 coaching for active multifamily investors. https://apogeemfc.mykajabi.com/mentorship (https://apogeemfc.mykajabi.com/mentorship) Mastermind Program For serious multifamily investors building their skills, network, and relationships. https://apogeemfc.mykajabi.com/mastermind (https://apogeemfc.mykajabi.com/mastermind) Hit follow or subscribe wherever you’re listening, and I’ll see you in the next episode! Connect With Me 🌍 Website: (https://www.apogeemfc.com/)https://www.apogeemfc.com/ (https://www.apogeemfc.com/)📸 Instagram: (https://instagram.com/multifamilyengineer)https://instagram.com/multifamilyengineer (https://instagram.com/multifamilyengineer) (https://instagram.com/multifamilyengineer)💼 LinkedIn: (https://www.linkedin.com/in/jonathan-nichols45/)https://www.linkedin.com/in/jonathan-nichols45/ (https://www.linkedin.com/in/jonathan-nichols45/) (https://www.linkedin.com/in/jonathan-nichols45/)✉️ Subscribe to my newsletter: https://www.apogeemfc.com/contact (https://www.apogeemfc.com/contact)

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Apple Podcasts (US)

5.0 / 5

12 ratings

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