Why Fractional Ownership of Single Family Rentals Is Taking Off with Alex Blackwood

Two weeks into his investment banking job, every analyst around him had a "dentist appointment." That's when Alex Blackwood decided to build something of his own.

 

Alex is the founder of Mogul, a platform where people buy shares of individual single family rentals. One house at a time.

 

Mogul now owns about 165 homes across roughly 18 markets. Some are long term rentals. Some are short term rentals. Some are Pad Split homes. In Broken Bow, Oklahoma, it's all short term rentals.

 

Alex shares why "when you buy off Zillow, you're already 3 days too late," and how local partners bring deals to them instead. He also takes on the big question from the apartment crowd: aren't 165 separate houses riskier than one building?

 

Plus, how AI cut their time per deal from 18 hours down to 2.

 

Key topics

• Leaving investment banking for real estate
• Why Alex prefers single family rentals
• Finding deals through inventory partners, not Zillow
• Houses vs apartment buildings on risk and debt
• Managing homes in many markets with local partners
• Using AI to cut deal time from 18 hours to 2
• How fractional ownership on Mogul works

 

About Alex Blackwood

Alex Blackwood is the founder of Mogul. He came from investment banking and is a licensed realtor. Mogul lets investors buy shares in individual single family rentals across the US.

 

Links

Connect with Alex: https://www.mogul.com

Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate

Want to be a guest on the show? https://www.daveinterviewsyou.com