School Teacher To Assisted Living Investor With Todd Dexheimer

Mario Dattilo Show

Welcome back to the Mario Dattilo Show Podcast, Hosted by Mario Dattilo. On this episode of the Mario Dattilo Show Podcast, Mario talks with Todd Dexheimer from Endurus Capital / Northstar Real Estate Conference. Mario and Todd discuss several topics related to assisted living, apartments, and industrial property. Todd’s story of success starts and ends with his love for teaching and growing others.

Find out more about Mario at mariodattilo.net
About Todd:
Todd Dexheimer, co/owner of Endurus Capital and VitaCare Living started investing in Real Estate in 2008 in mainly single-family homes & small multi-family. Since 2008 he has purchased and renovated nearly 2,000 units. Todd has completed over 150 flips, including a 20 unit mobile home park and a ski resort, while using those profits to build his rental portfolio. Todd has bought and sold over $200 million of investment real estate and currently owns over $150 million of multi-family and Senior Assisted Living in 5 states. His focus is on syndicating value-add Senior living and multi-family in emerging markets.
Todd is also the host of the podcast Pillars of Wealth Creation and is passionate about teaching others how to create a business and how to take control of their finances. Todd was a high school industrial tech teacher prior to investing.
Key Highlights:
102 units of Senior Assisted Living
Flipped 150+ properties while building a 75 unit 1-4 family portfolio Done several creative RE deals
1. Purchased a 40 acre site with a house and sold off a 20 and 10 acre parcel to pay for the purchase
2. Purchased a 22 unit with 10% down using seller financing
3. Purchased a 11 unit building with 5% down using seller financing
4. Purchased a 120 unit building with seller financing with 8% down payment and utilizing an escrow account to be used for construction on the property.
5. Has owned properties in 6 states
6. Bought a defunct ski resort in Minnesota with 100% bank financing and sold it 2 years after purchase for nearly double the purchase price.
7. Flipped a 20 unit mobile home park in South Carolina from MN
8. Raised over $50 million in capital for his projects
Been a podcast guest on Bigger Pockets, Best Real Estate Investing Advice Ever, The Michael Blank Show, Wheelbarrow Profits, Lifetime Cashflow, Target Market Insights and more
Todd Dexheimer lives in St. Paul, Minnesota with his wife and 2 kids. Todd is into downhill and water skiing, hunting, camping, hiking, hockey and running. He volunteer coaches for his sons hockey and baseball teams as well as enjoys various volunteering opportunities throughout the year. Todd’s passion is to teach underserved youth and adults how to create financial independence and security.
Talking Points:
01:48 - Investment strategies
03:08 - Todd's story into real estate
13:00 - Taking action early
16:08 - Attraction to assisted living
22:02 - How to value assisted living and operations
27:05 - Raising capital in today's market and deal structuring
36:45 - How we met
38:55 - Northstar real estate conference and putting on the event
42:38 - Connecting with Todd Dexheimer

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Links & Mentions From This Episode:
"ABC's of Real Estate Investing" by Ken McElroy-