Episode #287: Raising Equity and Building Credibility with Zach Haptonstall of Rise48

Mar 27, 2023

“If you want to raise money, you need to get the first deal done at all costs. Just close the first deal, because it instantly gives you credibility.” That is a message from today’s guest, the CEO and Co-Founder of Rise48 Equity and Rise48 Communities, Zach Haptonstall. Before entering the multifamily world, Zach tried his hand at many different careers including journalism and healthcare marketing, and in this episode, he explains why he eventually decided to make real estate investing his home. We learn how Rise48 became the go-to for top brokers, what Zach’s approach to raising equity looks like (and how it’s changed over the years), how investors are navigating the recent interest rate hikes, and how Zach's outlook on sourcing criteria moves with the times. We also speak about Rise48 Communities and how it fits into the greater picture, paying particular attention to how it affects the operations of Rise48 Equity. As we wrap up this inspirational and educational conversation, we discuss the recent rise in entry cap rates before Zach shares his methods of dealing with stress and fatigue and the two things he praises as the reasons for Rise48’s success. Tune in today!

Key Points From This Episode:

  • What led Zach to focus on multifamily as one of the many career paths he could’ve chosen. 
  • How Rise48 became top of mind with brokers in its efforts to source deals. 
  • Zach’s equity-raising process and how it differs from when he first formed Rise48.
  • Why investors are asking different questions than they did prior to the interest rate hike.
  • How Zach’s approach to sourcing criteria has changed since a year and a half ago. 
  • Where Rise48 Communities fits in the company equation (and its operational implications). 
  • How Zach is approaching the recent cap rate reversion.
  • The way he deals with the stress and fatigue that comes with his line of work. 
  • Zach names two things that have been crucial to the success of Rise48.  

Links Mentioned in Today’s Episode:

Zach Haptonstall on LinkedIn 

Zach Haptonstall Email

Grace Haptonstall on LinkedIn 

Bikran Sandhu on LinkedIn

Rise48 Equity 

Rise48 Communities

ZH Multifamily on Instagram 

Success Habits of Super Achievers 


VSVCon 2023

Vertical CPA

Vertical Street Ventures 

VSV Academy 

Passive Income Through Multifamily Real Estate Facebook Group 

Jenny Gou on LinkedIn 

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Recent Posts

Real Estate Investing: Understanding Syndication Structures

Real Estate Investing: Understanding Syndication Structures

As a passive investor evaluating a commercial real estate syndication, you need to know where to start before you can tell whether a specific property or investment is a good fit. In this article, we’ll walk through one of the critical components you should review...

read more
How To Effectively Manage Multifamily Properties

How To Effectively Manage Multifamily Properties

While single-family residential property is often the first investment choice for real estate entrepreneurs, it isn't the only one. You don’t have to represent a real estate investment trust (REIT) to find ways to invest in multifamily homes. The allure of multifamily...

read more
What You Need To Know About Cap Rates As a Passive Investor

What You Need To Know About Cap Rates As a Passive Investor

If you’ve invested in residential real estate before, you have some important, basic lingo like rental income, mortgage interest, and amortization under your belt. When you step into the world of commercial real estate, you’ll begin to see other terms, like “cap...

read more
What Is The Best Way To Invest       and Grow $1 Million Dollars?

What Is The Best Way To Invest and Grow $1 Million Dollars?

While I’m aware that most Americans are living paycheck to paycheck and wishing they had just a couple of zeroes on the end of their bank balance, today we’re going to explore what could happen if you did suddenly come into money. Whether it be an inheritance, lottery...

read more