Multifamily Investing while active duty in the military with Noel Walton
- E59
- 58:23
- May 18th 2021
Join Vince and Matt as they chat with Noel Walton about the benefits of scalability in multifamily and the value of learning but still putting in the work. Noel is the president of Eagles Capital and co-founder of the JCORE (Joint Chiefs of Real Estate) Partners. With over nine years in real estate investing while on active duty in the army, he understands the demands of a busy professional life. Hence, Noel works hard to provide purely hands-off investing partnership opportunities so that others can also work towards financial freedom. Today, he shares his journey of investing in multifamily while serving active duty in the military. If you want to learn more, stay tuned and enjoy the episode!
About Noel Walton:
Noel Walton is the president of Eagles Capital, which is a commercial multifamily investment company. Noel is also an Army Aviation Officer with over 20 years of military service. His wife Claudia and he began real estate investing in 2012 and, since then, managed numerous fixes and flips. Now, they hold a portfolio of single-family rentals or passively invest in 50 apartment units. Recently, they began investing in multifamily real estate to reach their goal of financial freedom due to scalability and long-term wealth opportunities.
Noel draws from his experience in past investment decision-making as a UH-60 Black Hawk pilot and military leader, conquering his fear as a skydiver. He has two daughters, Hannah and Julia. Their family has a passion for giving back to causes such as assistant children and struggling veterans.
Outline of the episode:
● [01:19] How Noel got started on his journey to earn passive cash flow.
● [05:48] “Residential versus Commercial” and the benefits of scalability in multifamily.
● [10:03] What made him choose real estate instead of other investments like stock and Bitcoin.
● [12:24] Why Noel wanted to build passive cash flow while serving active duty.
● [16:02] What the Transition Assitance Program is and why life after the military is not as rosy as people think.
● [19:00] Noel Walton’s most recent deal and his methodology when dealing with multifamily property.
● [22:46] The obstacles Noel faced while closing deals and running properties during the pandemic.
● [29:09] How he adjusted their underwriting from when he first started pre-COVID to now.
● [35:57] The value of learning more and still putting in the work to succeed.
● [41:39] What skills he developed in active duty helped him transition into working in real estate.
● [45:59] What book Noel Walton recommends to the audience.
● [46:20] Noel’s superpower of empathy and how it helped him build better relationships.
● [50:29] His advice for busy working professionals looking to achieve financial freedom.
● [55:48] Who Noel would like to see on the Cashflow Project Podcast.
● [56:44] Where you can find Noel Walton if you want to learn more about him or from him.
Resources:
● The ONE Thing by Gary Keller
● Pitch Anything by Oren Klaff
● Speed of Trust by Stephen Covey
Connect with The Cashflow Project!
● Website
● Youtube
The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com