The Tony Stephan Show
Client stories from Tony Stephan's small multifamily mentorship.
Hosted by Tony Stephan, small multifamily investor and mentor. Tony and his wife Andrea sit down with the clients in their mentorship, review real deals with them and open up their coaching days: first deals, 1031 exchanges, seller financing, out of state ownership and the management that makes it work. Real clients, real numbers, no hype.
Episodes
- Episode #025: He Just Bought A 6 Unit Apartment In My Coaching Program
With Ryan Mitchell, mentorship client and physical therapist from Clarkston, Michigan · August 13, 2026 · 12 min
A busy physical therapist closed on his first 6 unit. His VIP coaching day: software, tenant requests, protocols and parking.
- Episode #024: My Client Just Bought a 6 Unit Small Multifamily Apartment: Here's What I Taught Him
With Tony Stephan · July 28, 2026 · 18 min
Tony and Andrea share the takeover lessons from a client's coaching day: leases, discrepancies, emotions and NOI boosters.
- Episode #023: He Just Bought A 7 Unit Apartment And Is Managing It Remotely
With Ryan and Emily Downey, mentorship clients from Bowling Green, Kentucky · June 4, 2026 · 11 min
The Downeys flew in from Kentucky for their coaching day: the books, CapEx vs repairs, unit turns and paying contractors.
- Episode #022: Is This Apartment Worth $1.7M? (Multifamily Underwriting)
With Tony Stephan · May 14, 2026 · 17 min
A client's $1.7 million deal with an assumable agency loan below today's rates. Tony checks the assumptions line by line.
- Episode #021: My Client Bought 7 Units As A Busy W2 Worker (Deal Review)
With Ryan Downey, mentorship client and W2 worker from Bowling Green, Kentucky · May 12, 2026 · 28 min
Ten months of weekends on a house flip earned Ryan $6,000. Now he is closing on his first 7 unit.
- Episode #020: I Held An 80 Person Multifamily Mastermind In California
With Coaching clients, award winners and speakers at the One Day Small Multifamily Mastermind · May 5, 2026 · 22 min
Inside Tony and Andrea's biggest event yet: 80 people, the talks, and the clients on stage with their first deals.
- Episode #019: How Much Can I Pay For This 17 Unit Apartment? (Multifamily Underwriting)
With Tony Stephan · May 2, 2026 · 12 min
A client couple underwrote a 17 unit offered with seller financing. Tony checks their work and explains why he would pass.
- Episode #018: He Bought An Off Market 10 Unit Apartment After Joining My Coaching Program
With Nick Riley, mentorship client, construction professional and sole provider · April 28, 2026 · 27 min
Ten years of almost buying, then an off market 10 unit within about two months of joining the program.
- Episode #017: How One Duplex Became A 10 Unit Apartment Through 1031 Exchange
With Daniel, mentorship client and barbershop owner from Brooklyn · April 22, 2026 · 20 min
A $525,000 duplex in New Jersey, a 1031 exchange, and an off market 10 unit in Metro Detroit with seller financing.
- Episode #016: New Multifamily Investor Buys 19 Unit Apartment (Deal Breakdown)
With Victoria, mentorship client, investor and tax business owner from Detroit · April 5, 2026 · 28 min
From a $1,000 land bank house in 2017 to a 19 unit in Detroit: Victoria on cash flow, scale and pulling the trigger.
- Episode #015: Small Multifamily BRRRR Breakdown: A 13 Unit Apartment With $500 Rent Growth
With Walter, mentorship client, former sheriff's deputy and house flipper · March 29, 2026 · 33 min
A 13 unit that last sold over 50 years ago, rents at $450 to $545, and a client who beat two cash offers to get it.
- Episode #014: Teaching Our Clients How To Manage Their 10 Unit Small Multifamily Deal
With Nick and Kaylnn Riley, mentorship clients from Arizona who just closed on a 10 unit · March 12, 2026 · 13 min
Behind the scenes of a coaching day: the deal is closed, and now the Rileys learn where the money is actually made.
- Episode #013: How Much Can I Pay For This 33 Unit Apartment? (Deal Breakdown)
With Tony Stephan · February 19, 2026 · 18 min
A client sent Tony a new construction 33 unit in Florida. He reads the offering memorandum live and decides whether to pass.
- Episode #012: New Multifamily Investor Is Buying A 50 Unit Apartment (Deal Breakdown)
With Tony Stephan · February 3, 2026 · 18 min
A brand new client put an off market 50 unit under contract. Tony's checklist for deal or no deal, with the math.
- Episode #011: Buying An Off Market 10 Unit Small Multifamily Apartment (Client Success Story)
With Daniel, mentorship client, entrepreneur from the New York area · January 6, 2026 · 16 min
Daniel sold one duplex and bought a 10 unit: two green houses for a red hotel, with seller financing and a 1031 exchange.
- Episode #010: Small Multifamily With Massive Profit: $700K on 12 Units
With Tony Stephan · November 11, 2025 · 11 min
A client's 12 unit on the whiteboard: modest cash flow today, and about $768,000 of equity from bringing rents to market.
- Episode #009: 24 Year Old Buys 14 Unit Multifamily Apartment (BRRRR Method)
With Nick, mentorship client, 24 year old construction business owner · July 27, 2025 · 16 min
He started raking asphalt at 15. At 24, Nick runs a 60 person construction company and just bought his first 14 unit.
- Episode #008: Why He Sold 8 Single Family Rentals To Buy A 12 Unit Small Multifamily Apartment
With Dr. Ade, physician, business owner and Stephan Group client · June 1, 2025 · 15 min
A surgeon traded eight scattered single family rentals for a 12 plex and a duplex through one 1031 exchange.
- Episode #007: Buying a 14 Unit Small Multifamily Apartment for $1.8M?
With Tony Stephan · May 27, 2025 · 19 min
A clean 14 unit with upside for a first time buyer: Tony adds up fees, bill backs and savings worth about $714,000 of value.
- Episode #006: How These New Real Estate Investors Bought 23 Multifamily Units In 1 Year
With Hugo and Joe, coaching and Stephan Group clients from California · May 25, 2025 · 15 min
A 12 unit in April, 11 more under contract with 5.5% seller financing a month later: Hugo and Joe are not slowing down.
- Episode #005: I Can't Believe This Apartment Is Only $1M! Multifamily Deal Analysis
With Tony Stephan · May 11, 2025 · 33 min
An 18 unit collecting a fraction of its market rent: a big problem with big upside, underwritten for a coaching client.
- Episode #004: Buying A 9 Unit Apartment With 5.5% Seller Financing
With Keith, mentorship and Stephan Group client, roofing business owner · May 4, 2025 · 32 min
Keith and his wife Angela skipped single family and bought a 9 unit in Clarkston with seller financing at 5.5%.
- Episode #003: Buying A 12 Unit Apartment For $1.5M? Multifamily Deal Analysis
With Jerome, coaching client trading single family rentals into multifamily · April 29, 2025 · 54 min
An off market 12 unit with a very light P&L, and the creative ways Tony adds NOI beyond raising rent.
- Episode #002: Buying A 12 Unit Apartment For $800K? Multifamily Deal Analysis
With Shelby, coaching client, first multifamily deal search · April 16, 2025 · 57 min
Tony underwrites a 12 unit his coaching client found on LoopNet, line by line, and shows where the value is hiding in the fees.
- Episode #001: How This Out of State Investor Bought His First 12 Unit Multifamily Apartment
With Hugo, mentorship and Stephan Group client, W2 worker from Los Angeles · April 13, 2025 · 27 min
Hugo bought a Metro Detroit duplex he has never seen in person, raised the rents in year one, then traded it for a 12 unit.
Moments worth jumping to
50 moments from the show you can play from the exact second.
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