EPS 349 - Zach Fugman: Oil fields → first LP investment → first 50-unit deal → 4,000+ units. Can you do this?

Zach Fugman didn’t start his career in real estate—he started in the oil fields, moving from job to job before discovering multifamily investing in 2014. His first apartment investment was a 50-unit property in Slidell, Louisiana, purchased for $2 million, where he raised $700,000 from friends and began learning the business firsthand. From that first deal, Zach steadily scaled his portfolio to more than 4,000 units and over $200 million in assets, investing across multiple states and learning some expensive lessons along the way. Zach shares why building the right team, finding experienced partners, and surrounding yourself with knowledgeable lenders, property managers, and operators can dramatically shorten the learning curve. He also explains his evolution from using third-party property management to building an in-house management company overseeing thousands of units. Zach discusses how raising capital changes as you grow—from asking friends to invest in your first deal to eventually raising millions of dollars from a much larger investor network. For aspiring apartment investors, his advice is simple: consider starting as an LP, get educated, build relationships, attend events, and learn from experienced operators before trying to do everything yourself. Most importantly, Zach’s story demonstrates that multifamily success rarely happens overnight—it comes from years of learning, networking, adapting, building the right team, and consistently taking the next step.

To contact Zach Fugman: Zach@A-Strategy.com

Learn alongside experienced apartment owners, brokers, property managers, attorneys, and other industry professionals as we walk through the entire acquisition process—from finding and underwriting deals to financing, due diligence, raising equity, and submitting an offer. This isn't about theory. It's about learning how apartment deals actually get done in today's market. Real Deals. Real Experts. Real-World Experience.

Learn more and apply to the Old Capital Multifamily Accelerator:
OldCapitalAccelerator.com