https://tonystephan-tv.vercel.app/ 2026-09-27 https://tonystephan-tv.vercel.app/episodes 2026-09-27 https://tonystephan-tv.vercel.app/moments 2026-09-27 https://tonystephan-tv.vercel.app/episode/ep025-ryan-mitchell 2026-08-13 https://tonystephan-tv.vercel.app/media/og/ep025-ryan-mitchell.jpg?v=2026-09-27 He Just Bought A 6 Unit Apartment In My Coaching Program Ryan Mitchell is a physical therapist from Clarkston, Michigan, and a busy husband. He joined Tony's coaching program in February of the previous year and has just closed on his first 6 unit apartment. At Tony and Andrea's 42 unit, his VIP coaching day covers letting time work for him, refinance timing and his loan, choosing property management software, handling tenant requests with protocols, and solving a parking problem with a broken down car. https://www.youtube.com/embed/7E7S_pvaGLI 726 2026-08-13T15:30:06-04:00 yes First Deal Property Management https://tonystephan-tv.vercel.app/episode/ep024-first-6-units 2026-07-28 https://tonystephan-tv.vercel.app/media/og/ep024-first-6-units.jpg?v=2026-09-27 My Client Just Bought a 6 Unit Small Multifamily Apartment: Here's What I Taught Him A coaching client just bought his first 6 unit, and Tony brings in Andrea, his chief operator, to share the key lessons from the client's in person coaching day. They cover the first 30 days of a takeover, building a team even on a small property, handling rent discrepancies after closing, not getting emotional, why about half the residents may leave, month to month versus twelve month leases, and simple ways to raise NOI without expensive renovations. https://www.youtube.com/embed/X_pl5bJVEQI 1064 2026-07-28T15:00:06-04:00 yes Property Management First Deal Out of State https://tonystephan-tv.vercel.app/episode/ep023-the-downeys 2026-06-04 https://tonystephan-tv.vercel.app/media/og/ep023-the-downeys.jpg?v=2026-09-27 He Just Bought A 7 Unit Apartment And Is Managing It Remotely Ryan and Emily Downey, a husband and wife team with W2 jobs in Bowling Green, Kentucky, closed on their first 7 unit a few miles from Tony and Andrea's 42 unit. They flew in for an in person coaching day on management and operations. Tony and Andrea cover why patience with the refinance matters, why the tax return must show the property's real profit, the difference between CapEx and repairs, how to turn a unit without wasting money, and how to pay contractors on a schedule so the owner does not have to be there. https://www.youtube.com/embed/AEgrO_5TJyg 663 2026-06-04T17:00:06-04:00 yes Property Management First Deal Out of State W2 Investors https://tonystephan-tv.vercel.app/episode/ep022-1-7m-underwriting 2026-05-14 https://tonystephan-tv.vercel.app/media/og/ep022-1-7m-underwriting.jpg?v=2026-09-27 Is This Apartment Worth $1.7M? (Multifamily Underwriting) One of Tony's coaching clients, an investor from Europe, sent his underwriting on a $1.7 million Midwest apartment deal with an assumable agency loan at about 4.96%. Tony reviews it on screen without disclosing the property. He covers what an assumable loan is, why the rent upside is thin, where ancillary income and utility bill backs come in, the good and bad of agency debt, how a deal this size can pay for part time help, and whether he would do it. https://www.youtube.com/embed/UqG6RtwXrts 1042 2026-05-14T15:00:06-04:00 yes Underwriting 10+ Units Out of State https://tonystephan-tv.vercel.app/episode/ep021-ryan-downey 2026-05-12 https://tonystephan-tv.vercel.app/media/og/ep021-ryan-downey.jpg?v=2026-09-27 My Client Bought 7 Units As A Busy W2 Worker (Deal Review) Ryan works 40 to 50 hours a week at his W2 job in Bowling Green, Kentucky. His first real estate project, a single family rehab with a partner, took about ten months of nights and weekends and left each of them about $6,000. He decided he was done with one to four units. Six months into Tony's mentorship, he is about to close on a 7 unit in Eastpointe, Macomb County, Michigan. He and Tony talk about why the cap rate changes everything, what he liked about the deal, his family and faith, and why he paid for a mentor. https://www.youtube.com/embed/1LyteJJ6-5U 1656 2026-05-12T15:00:06-04:00 yes First Deal W2 Investors Out of State Trading Up BRRRR https://tonystephan-tv.vercel.app/episode/ep020-california-mastermind 2026-05-05 https://tonystephan-tv.vercel.app/media/og/ep020-california-mastermind.jpg?v=2026-09-27 I Held An 80 Person Multifamily Mastermind In California Tony and Andrea brought 80 coaching clients, students and friends to Southern California for their One Day Small Multifamily Mastermind. This is the behind the scenes: the teaching, the guest talks, the dinner and the awards. Clients who bought deals come on stage, including Roxanna, Hugo, Walter, Victoria, Keith and Nick Riley, and share what they would tell someone who is afraid to start. Andrea closes with the difference between asset management and property management. https://www.youtube.com/embed/-cGYEU5RcQg 1325 2026-05-05T15:00:06-04:00 yes Mindset Mastermind https://tonystephan-tv.vercel.app/episode/ep019-17-unit-deal 2026-05-02 https://tonystephan-tv.vercel.app/media/og/ep019-17-unit-deal.jpg?v=2026-09-27 How Much Can I Pay For This 17 Unit Apartment? (Multifamily Underwriting) A husband and wife in Tony's one on one coaching, both registered nurses from South Carolina who had invested in syndications, sent Tony a 17 unit they were underwriting. Tony reviews their deal analyzer line by line. He praises their work, points out the seller's odd expenses, shows what the building is worth today against the $950,000 asking price, and explains why seller financing is often offered on deals a bank would not finance. https://www.youtube.com/embed/HgyJfcz-QuU 703 2026-05-02T15:00:06-04:00 yes Underwriting 10+ Units Seller Financing Out of State https://tonystephan-tv.vercel.app/episode/ep018-nick-riley 2026-04-28 https://tonystephan-tv.vercel.app/media/og/ep018-nick-riley.jpg?v=2026-09-27 He Bought An Off Market 10 Unit Apartment After Joining My Coaching Program Nick works in construction and is the sole provider for his family. For about ten years he kept looking at properties and, in his words, chickening out, worried about covering two mortgages if a tenant stopped paying. After joining Tony's mentorship, he closed on an off market 10 unit within about two months, his first investment property. Nick and Tony talk about fear and security, why he skipped single family, the maintenance he did not expect, why nothing about owning real estate is passive, and what he would tell other W2 workers. https://www.youtube.com/embed/EQm6RhRHk_0 1606 2026-04-28T15:00:06-04:00 yes First Deal 10+ Units Off Market W2 Investors Out of State Mindset https://tonystephan-tv.vercel.app/episode/ep017-daniel 2026-04-22 https://tonystephan-tv.vercel.app/media/og/ep017-daniel.jpg?v=2026-09-27 How One Duplex Became A 10 Unit Apartment Through 1031 Exchange Daniel lives in Brooklyn and owns a barbershop. He bought a duplex in New Jersey in 2022, hoped to refinance, and when rates did not cooperate he sold it through a 1031 exchange. With Tony's team, he rolled the proceeds into an off market 10 unit in Metro Detroit with seller financing. He talks about the nerves of the 1031 clock, why he likes owning far from home, what changes when you go from two units to ten, hiring good people, and why he chose to jump. https://www.youtube.com/embed/AP4m64quRFE 1201 2026-04-22T15:00:06-04:00 yes 1031 Exchange Off Market Seller Financing 10+ Units Out of State Trading Up https://tonystephan-tv.vercel.app/episode/ep016-victoria 2026-04-05 https://tonystephan-tv.vercel.app/media/og/ep016-victoria.jpg?v=2026-09-27 New Multifamily Investor Buys 19 Unit Apartment (Deal Breakdown) Victoria bought her first property in 2017, a land bank house for $1,000. She built a portfolio of single family homes, all free and clear, then a fourplex, and after joining Tony's mentorship she closed on a 19 unit apartment building in Detroit, the city she grew up in. She talks about why she keeps single family for cash flow, the economies of scale in one building, buying a property that needs work, expecting year one to break even, the tax benefits she sees as a tax professional and why she gives herself 24 hours to decide. https://www.youtube.com/embed/YcViFVhwPjM 1673 2026-04-05T15:00:06-04:00 yes 10+ Units Trading Up Tax Benefits Mindset https://tonystephan-tv.vercel.app/episode/ep015-walter 2026-03-29 https://tonystephan-tv.vercel.app/media/og/ep015-walter.jpg?v=2026-09-27 Small Multifamily BRRRR Breakdown: A 13 Unit Apartment With $500 Rent Growth Walter spent about six years with a sheriff's office in California, moved to Colorado, became an agent and built a house flipping business. Within about three months of joining Tony's mentorship, he found his first multifamily deal: a 13 unit in Oxford, Michigan, owned by the same family for three generations. He paid over asking and beat two full price cash offers. Rents were $450 to $545, and new leases are going for $1,000 plus utility bill backs. Walter is candid about the hard part too: bridge financing, a property that did not cash flow at first, a burst pipe and a boiler certificate. https://www.youtube.com/embed/kg1r-kviKIM 1985 2026-03-29T15:00:06-04:00 yes 10+ Units BRRRR Out of State Off Market https://tonystephan-tv.vercel.app/episode/ep014-the-rileys 2026-03-12 https://tonystephan-tv.vercel.app/media/og/ep014-the-rileys.jpg?v=2026-09-27 Teaching Our Clients How To Manage Their 10 Unit Small Multifamily Deal Tony and Andrea open up an in person coaching day with their clients Nick and Kaylnn Riley, who have already closed on a 10 unit apartment. The due diligence and financing are done; this session is about management and operations. You hear why the Rileys chose this mentorship and their goal of passing properties to their kids, how Andrea took a 56 unit to market rent in eight months, why leasing is sales, what to fix when units do not fill, and how to prepare the story for the refinance. https://www.youtube.com/embed/Q6HP7GStWMs 804 2026-03-12T16:00:21-04:00 yes Property Management 10+ Units BRRRR https://tonystephan-tv.vercel.app/episode/ep013-33-unit-deal 2026-02-19 https://tonystephan-tv.vercel.app/media/og/ep013-33-unit-deal.jpg?v=2026-09-27 How Much Can I Pay For This 33 Unit Apartment? (Deal Breakdown) One of Tony's clients sent him a publicly marketed 33 unit apartment in Florida, built in 2023. Tony goes through the broker's offering memorandum on screen and explains what matters in it: the NOI, the cap rate, the down payment, the rent roll and the pro forma. He runs his quick test of units times rent growth divided by the cap rate, compares it with the capital the deal requires, and explains why he would personally pass, and what he would still want to check. https://www.youtube.com/embed/4WqeBiwNsxM 1092 2026-02-19T18:00:06-05:00 yes Underwriting 10+ Units https://tonystephan-tv.vercel.app/episode/ep012-50-unit-deal 2026-02-03 https://tonystephan-tv.vercel.app/media/og/ep012-50-unit-deal.jpg?v=2026-09-27 New Multifamily Investor Is Buying A 50 Unit Apartment (Deal Breakdown) One of Tony's brand new clients put an off market 50 unit under contract. The deal is under an NDA, so Tony changes some details, but he shows the part that matters: how he decides deal or no deal. He walks through number of units times rent growth, his rule that a deal this size must be able to make at least a million dollars, the magic formula of NOI divided by cap rate, why bigger is not more complicated, and the other income that can add up to 10% of gross rent. https://www.youtube.com/embed/i0FzhSpHHpI 1062 2026-02-03T16:30:06-05:00 yes 10+ Units Off Market Underwriting https://tonystephan-tv.vercel.app/episode/ep011-daniel-off-market 2026-01-06 https://tonystephan-tv.vercel.app/media/og/ep011-daniel-off-market.jpg?v=2026-09-27 Buying An Off Market 10 Unit Small Multifamily Apartment (Client Success Story) Daniel is a busy entrepreneur who started with a duplex, like most investors do. In Tony's mentorship they looked at his schedule of real estate owned and found a lot of trapped equity. He sold the duplex through a 1031 exchange and rolled the equity into an off market 10 unit in Metro Detroit with seller financing. At the whiteboard, Tony shows why that trade made sense: occupancy risk, the NOI game versus comparable sales, the value of $250 of rent growth per unit, the tax benefits and how Daniel manages the property remotely. https://www.youtube.com/embed/J5BDow9RTMA 974 2026-01-06T16:30:05-05:00 yes 1031 Exchange Off Market Seller Financing 10+ Units Out of State Trading Up https://tonystephan-tv.vercel.app/episode/ep010-12-units-metro-detroit 2025-11-11 https://tonystephan-tv.vercel.app/media/og/ep010-12-units-metro-detroit.jpg?v=2026-09-27 Small Multifamily With Massive Profit: $700K on 12 Units One of Tony's coaching clients, an investor from Los Angeles, bought 12 units in Metro Detroit and texted Tony his numbers. At the whiteboard, Tony shows why the monthly cash flow is the small part of the story. He covers the first year tax benefit his client used, why every dollar of NOI is worth about $14 in value at a 7% cap rate, how $400 more per unit adds up, and why his light value add approach does not rely on heavy rehab. https://www.youtube.com/embed/LfSp7_jPdvY 631 2025-11-11T16:30:06-05:00 yes 10+ Units Out of State BRRRR Tax Benefits https://tonystephan-tv.vercel.app/episode/ep009-nick-24 2025-07-27 https://tonystephan-tv.vercel.app/media/og/ep009-nick-24.jpg?v=2026-09-27 24 Year Old Buys 14 Unit Multifamily Apartment (BRRRR Method) Nick started in construction at 15 in his family's business, then launched his own company, which now has more than 60 employees. At 24 he bought his first multifamily property: a 14 unit in Oakland County, Michigan, for the BRRRR strategy. He and Tony talk about skipping one to four units, choosing location over a cheaper price, creative income like valet trash, the rent upside, managing it himself and his plan to stack larger deals. https://www.youtube.com/embed/9VV3Mi479Io 934 2025-07-27T16:30:06-04:00 yes First Deal 10+ Units BRRRR Mindset https://tonystephan-tv.vercel.app/episode/ep008-dr-ade 2025-06-01 https://tonystephan-tv.vercel.app/media/og/ep008-dr-ade.jpg?v=2026-09-27 Why He Sold 8 Single Family Rentals To Buy A 12 Unit Small Multifamily Apartment Dr. Ade is a surgeon and a serial entrepreneur. He built a portfolio of eight single family rentals, some run as short term rentals, then sold them through a 1031 exchange with the Stephan Group and bought a 12 plex and a duplex. He explains why single family stopped making sense, how the exchange was timed, why his 12 unit calls him less than his duplex, and what he would tell other high earners who are nervous about the jump. https://www.youtube.com/embed/0VM4PEzPtAc 903 2025-06-01T16:30:06-04:00 yes 1031 Exchange 10+ Units Trading Up Property Management https://tonystephan-tv.vercel.app/episode/ep007-14-unit-1-8m 2025-05-27 https://tonystephan-tv.vercel.app/media/og/ep007-14-unit-1-8m.jpg?v=2026-09-27 Buying a 14 Unit Small Multifamily Apartment for $1.8M? One of Tony's coaching clients has this 14 unit under contract, and Tony underwrites it on screen. It is clean, in a good area and run by a good owner, with room to add value: month to month leases, fees that are not charged yet, utilities to bill back and expenses to shop. Tony walks through income, the bank's vacancy factor, each expense line, turnover costs, today's value against the price, and a refinance in about two years. https://www.youtube.com/embed/V_n6cdtp00w 1138 2025-05-27T16:30:06-04:00 yes Underwriting 10+ Units First Deal BRRRR https://tonystephan-tv.vercel.app/episode/ep006-hugo-and-joe 2025-05-25 https://tonystephan-tv.vercel.app/media/og/ep006-hugo-and-joe.jpg?v=2026-09-27 How These New Real Estate Investors Bought 23 Multifamily Units In 1 Year Hugo and Joe are friends from Los Angeles. Hugo works a W2 job at the Department of Water and Power; Joe spent 15 years in law enforcement. They closed a 12 unit in Metro Detroit in April, and a month later they were under contract on an 11 unit with seller financing at 5.5%. Recorded at Tony and Andrea's 42 unit after a half day operations session, they talk about why they chose multifamily, the sacrifices they made to get started, managing from California and their goal of 1,000 units. https://www.youtube.com/embed/SGt06ve0KIk 885 2025-05-25T16:30:06-04:00 yes 10+ Units Seller Financing Out of State W2 Investors Mindset https://tonystephan-tv.vercel.app/episode/ep005-1m-apartment 2025-05-11 https://tonystephan-tv.vercel.app/media/og/ep005-1m-apartment.jpg?v=2026-09-27 I Can't Believe This Apartment Is Only $1M! Multifamily Deal Analysis Tony underwrote this 18 unit for one of his coaching clients and got permission to share it. The seller collected only a fraction of what the building could earn, charged no fees and had rents from $600 to $900. Tony explains why collected income is what the bank counts, why he plans for a transitional first year, how he budgets vacancy, bad debt and unit turns, and how the deal could be worth about twice the price once it is stabilized. https://www.youtube.com/embed/2Pv1FaikVYM 1985 2025-05-11T17:30:26-04:00 yes Underwriting 10+ Units BRRRR Property Management https://tonystephan-tv.vercel.app/episode/ep004-keith-and-angela 2025-05-04 https://tonystephan-tv.vercel.app/media/og/ep004-keith-and-angela.jpg?v=2026-09-27 Buying A 9 Unit Apartment With 5.5% Seller Financing Keith owns a roofing business, and he and his wife Angela spent about two years learning before they bought. After one of Tony's masterminds they closed their first deal: a 9 unit in Clarkston, Michigan, with 5.5% seller financing. Keith, Tony and Andrea break down why the deal stood out: seller financing well below bank rates, third party management, rents far under market and the big items already done. They also cover renewals, move in baskets, running nine units like a real business and when to hold or trade up. https://www.youtube.com/embed/UnkFkm7tGug 1911 2025-05-04T16:30:26-04:00 yes First Deal Seller Financing BRRRR Property Management https://tonystephan-tv.vercel.app/episode/ep003-12-unit-1-5m 2025-04-29 https://tonystephan-tv.vercel.app/media/og/ep003-12-unit-1-5m.jpg?v=2026-09-27 Buying A 12 Unit Apartment For $1.5M? Multifamily Deal Analysis Tony is helping his coaching client Jerome sell four single family rentals and 1031 exchange into a small multifamily property. Together they underwrite an off market 12 unit with a very light P&L. Tony shows what to look for when a seller gives you almost no information, the fees and creative income that raise NOI without heavy rehab, which expenses a new owner has to add, and how a cash out refinance could return most of the down payment in about two years. https://www.youtube.com/embed/CoZ3ohgA9CY 3232 2025-04-29T17:00:32-04:00 yes Underwriting 10+ Units 1031 Exchange Off Market BRRRR https://tonystephan-tv.vercel.app/episode/ep002-12-unit-800k 2025-04-16 https://tonystephan-tv.vercel.app/media/og/ep002-12-unit-800k.jpg?v=2026-09-27 Buying A 12 Unit Apartment For $800K? Multifamily Deal Analysis One of Tony's coaching clients found a 12 unit apartment on LoopNet with a rent roll and a T12, and agreed to let Tony share their underwriting session. Tony goes line by line through his deal analyzer: rents, debt, the debt service coverage ratio, expenses, taxes and insurance. He shows how fees, utility bill backs and better management change the numbers, why Michigan property taxes can uncap after a sale, and why he has never bought a deal for what it is worth today. https://www.youtube.com/embed/CrMdK6bhxv4 3414 2025-04-16T16:30:05-04:00 yes Underwriting 10+ Units BRRRR Property Management https://tonystephan-tv.vercel.app/episode/ep001-hugo 2025-04-13 https://tonystephan-tv.vercel.app/media/og/ep001-hugo.jpg?v=2026-09-27 How This Out of State Investor Bought His First 12 Unit Multifamily Apartment Hugo was born and raised in Los Angeles and works a demanding W2 job. He is the first in his family to invest in real estate. With Tony and Andrea Stephan, he explains how he bought a duplex in Metro Detroit from the West Coast, raised the rents within a year and manages it himself with a simple system. Now he is selling that duplex through a 1031 exchange and closing on his first 12 unit apartment. Tony walks through the math on the upside and why an apartment is valued on its income, not on comparable sales. https://www.youtube.com/embed/-4EwGDH1hnA 1599 2025-04-13T16:30:06-04:00 yes First Deal Out of State W2 Investors 1031 Exchange BRRRR Property Management