In this episode, we break down how Lee Yoder went from physical therapist to building a 1,000-unit multifamily portfolio by buying deals most investors ignore. From finding overlooked properties on LoopNet to acquiring 400+ unit portfolios in tertiary markets, Lee shares how going where competition is lowest helped him scale while others chased crowded markets.

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In this episode, we break down

• How Lee went from physical therapist to full-time multifamily investor
• Why he buys multifamily buildings other investors overlook
• The 16-unit LoopNet deal that helped launch his portfolio
• How tertiary markets can offer stronger cash flow and less competition
• How he scaled into syndications and a 1,000-unit portfolio
• His strategy for finding deals where competition is lowest
• How he evaluates investor returns, leverage, and market risk
• Lessons from operating through taxes, insurance shocks, and market shifts
• Why property management determines whether deals succeed or fail
• How to build wealth by going where others aren’t willing to go

Time stamps

00:00 Lee’s background and path into real estate
15:42 First flip and early multifamily deals
18:34 The 16-unit deal found on LoopNet
30:19 Scaling into larger multifamily syndications
34:11 How Lee targets returns and structures deals
41:50 Buying a 400+ unit portfolio
47:49 Finding deals others overlook
50:57 Raising capital and operating 1,000 units
54:16 Long-term strategy and lessons learned

Guest Bio
Lee Yoder is a multifamily investor, syndicator, and founder of Threefold Real Estate Investing. After leaving a career in physical therapy, he built a portfolio of nearly 1,000 units focused on cash-flowing multifamily in overlooked Midwest markets. Through Threefold REI, Lee helps investors build wealth through apartment syndications and passive income opportunities.

Connect with Lee Yoder
Website: https://threefoldrei.com
LinkedIn: http://www.linkedin.com/in/lee-yoder-25793215a

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