MB469: This One Mistake Is Why You’re Not Scaling Your Real Estate Portfolio – With Axel Ragnarsson
In this episode, Michael Blank and Garrett Lynch talk with Axel Ragnarsson, who scaled from self-funding small multifamily deals to building a 500+ unit portfolio and raising over $15 million in capital. Axel shares the turning point that forced him to move beyond his DIY approach, how he overcame mental blocks around partnering and raising money, and what it really takes to grow in today’s market. Whether you're early in your investing journey or looking to level up, Axel’s story offers powerful insights.
Key Takeaways:
- Self-Funding Has Limits: Axel built up to 70 units on his own, but liquidity challenges and stress forced him to rethink his approach and start partnering.
- Mindset is Everything: His biggest obstacle wasn’t skill—it was fear of raising capital and losing control. Overcoming that changed everything.
- Adapt or Miss Out: In today’s shifting market, underwriting must adjust constantly. Flat rents and rising interest rates mean conservative assumptions are critical.
- Scale with Purpose: You don’t have to grow endlessly. Axel is evaluating whether to stay put or expand into new markets—and why lifestyle alignment matters.
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For full episode show notes visit: https://themichaelblank.com/podcasts/session469/