E44 - Results-Driven Multifamily Investing with Mike Flaherty

Mike Flaherty is the founder and president of L5 Investments. L5 provides its partners with short term cash flow returns and long-term capital appreciation via the ownership, repositioning and management of apartment communities in U.S. emerging markets of growth and stability. Mike has closed on over $525M of apartment deals since 2009, totaling over 5,500 units. His focus is on well located, yield driven assets with value-add potential via both physical and operational repositioning opportunities.  

In this episode, Tyler and Mike's discussion focused on the driven, self-motivated and analytical mindset that’s led to Mike’s success in multifamily investing and life. Mike shared the adversity he faced during the 2008 recession as real estate developer and the outlook that led him to where he is now. They also discussed the sustainability of multifamily investing and the current economic environment presented by COVID-19, with Mike sharing how his firm is adapting, learning and looking for new opportunities.  

Other topics included Mike’s working dynamic with his business partner, failing fast, quarterly market analysis, responsible investors, positivity and more! Mike’s insights highlight the importance of instilling a whatever-it-takes mentality during these uncertain times.

Music: Energetic Run (hooksounds.com)