In this episode, Bruce Bean chats with Nick Stromwall, Vice President of Innovation and Efficiency at Rise 48, about his incredible transition from ministry to multifamily real estate. Nick shares how a desire to live generously led him into duplex investing, and how a few well-timed risks and relentless learning eventually brought him to managing deals totaling over $2.4 billion in volume.
Nick breaks down the concept of a "triple win" in investing—cash flow, appreciation, and tax savings—and explains how Rise 48 is scaling rapidly by integrating community, technology, and efficient systems into their investment strategy. From charging scooters in Minneapolis to becoming a leader in capital raising and innovation, Nick’s story is both relatable and inspiring.
What You’ll Learn:
How Nick transitioned from ministry to real estate investing
The importance of community in multifamily housing
How Rise 48 has scaled to 300+ employees and 60+ acquisitions
Practical uses of AI in real estate operations
Nick’s “Triple Win” investment philosophy
How they’re creating lasting tenant relationships with creative community events
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