🎙️ M19 Podcast — Guest Summary: Troy Myers

🏢 Real Estate Background

• Troy has 100+ units in Indiana and spent 10 years at a vertically integrated real estate development company.
• He progressed from financial analysis into new-construction development—learning permitting, zoning, construction, and operations—and later worked on acquisitions and rehabs.
• During the COVID-era buying boom, he says he visited roughly 2,000 apartment communities across Georgia and Florida, gaining extensive acquisition experience.

📈 How He Built His Portfolio

• Before real estate, Troy bought and resold motorcycles, learning the buy-low, sell-high approach.
• He later bought and renovated houses, living in several before deciding with his wife to stop moving so often.
• His initial rental plan was to buy two duplexes a year, with each producing about $1,000 per month in cash flow—aiming for $10,000 a month after five years.
• After three years of acquiring duplexes, a California investor offered to buy them all. Troy sold in early 2023 and said he made about $500,000 net, which gave him capital to pursue small multifamily properties.
• His first small-multifamily purchase was an 18-unit apartment community, acquired off-market through relationships. He has since continued buying small multifamily, sometimes using creative financing.

🧑‍💼 Current Work and Investing Approach

• Troy left his W-2 job about two years before the interview.
• He spends roughly 20–25 hours per week working in his real estate business, with an administrator helping with work orders, leasing, and other tasks.
• He is focused on improving his delegation and leadership, and wants to protect time for his young family.
• He has decided not to syndicate. He prefers owning a larger share of his deals and avoiding the added investor-relations and company overhead that syndication can bring.
• With a stabilized portfolio of 100+ units, he is interested in returning to new construction, which he sees as a longer-term appreciation opportunity that could complement cash-flowing existing properties.

💡 His Advice on Finding Deals

• Deals are made, not simply found: Be willing to negotiate and make low offers.
• Look beyond a property’s standard rental numbers. Consider whether you can:
  • Add units
  • Improve rents or operations
  • Explore options such as Section 8
• Evaluate a deal holistically and match the investment to your risk tolerance.
• Troy remains optimistic about real estate over the long term, though he believes the market is harder than during the rapid-appreciation period of the COVID years.
• His personal forecast was that interest rates might not decline until late 2027; this was his opinion, not a certainty.

🙏 Faith, Family, and Ministry

• Troy’s priorities are faith, family, health, and then everything else.
• He and his wife have helped plant two churches and are involved in ministry, including:
  • A youth program connected to the Gideons, known for distributing Bibles
  • Mission-trip work, including a trip to Brazil
• He wants to be more intentional about sharing his faith in the apartment communities he owns, beyond simply treating residents well.
• His wife recently left her job after 12 years and may help with business organization and ministry as their family establishes a new routine.

⛳ Personal Notes

• Troy played college football and grew up golfing with his father, who still joins him on the course despite the lasting effects of a major stroke.
• He enjoys golf for its scenery, variety, and mental challenge, and prefers playing quickly.

🤝 Why He Joined M19

• He values spending time with faith-oriented entrepreneurs who care about more than business.
• He prefers building relationships and doing activities with people over simply attending another educational mastermind.
• He described the group as flexible, with participation based on which trips members choose to attend.