From “Figuring It Out” to 129 Units
How Cody Built His First Multifamily Deal Without Prior Experience
Cody didn’t come from large-scale real estate.
He came from software sales — with no track record in syndication, no big deals behind him, and no clear path to execution.
Today, he’s the force behind Sandburg Studios — a 129-unit apartment conversion from a former motel.
Here’s what actually made that possible.
Sandburg Studios Property Tour
Take a tour through the completed project — a former 135-room motel transformed into 129 modern apartments. The finished community showcases Cody’s vision, determination, and ability to execute on a large-scale conversion.
How Cody Made It Happen
This series of short videos goes behind the scenes of the Sandburg Studios deal — showing how Cody identified the opportunity, structured the numbers, raised capital, and navigated key decisions along the way.
Building Credibility from Scratch
Cody had no prior large-scale real estate experience, but he built trust fast — sharing his progress online, hosting a growing multifamily meetup, and showing consistency in every interaction. Working directly with Matt helped him master underwriting, structure his first syndication, and approach brokers and investors with confidence and clarity.
Raising $3.1 Million for His First Deal
Through authentic relationships built over time — meetups, referrals, and consistent communication — Cody raised over $3 million for his first deal. He nurtured his investor base months in advance through social media, emails, and one-on-one conversations that built genuine trust and momentum leading into the raise.
Spotting the Opportunity
Most people passed on this property because of its condition — but Cody saw potential where others saw problems. By staying objective, focusing on the numbers, and phasing the project strategically, he found a path that made financial sense. Solid fundamentals and investor trust turned a risky building into a real opportunity.
Overcoming Fear
The biggest challenge wasn’t the numbers — it was fear of failure. Cody kept moving by talking to investors early, stacking small wins, and relying on lessons that emphasized conservative underwriting and risk management. Support from his wife and father kept him grounded and focused through every tough moment.
Winning Broker Trust
Cody refined his investment focus multiple times before realizing the best opportunities were in his own backyard. By showing brokers he was serious — with coaching, partners, and a clear plan — he went from small multis to getting off-market deals and being seen as a credible buyer in a competitive market.
Why Imperfect Action Beats Waiting For Perfect
Cody didn’t have every answer when he started — and he didn’t need to. By taking action, surrounding himself with experienced advisors and investors, and applying what he learned in real time, he made rapid progress. This clip shows how momentum is built by doing, not by waiting to feel “ready.”
In His Own Words: Cody's Experience
In this video, Cody shares his experience working directly with Matt Picheny — describing the coaching, strategic guidance, and accountability that helped him take confident action and bring this project to life.
“After working with Matt for about 6 months, I actually left my W2 job to go full-time into multifamily real estate investing, and help others invest alongside me.
And I would, honestly, I can tell you today, I would not have been able to do that without Matt guiding and coaching me and making sure I didn't stumble and fall along the way."
— Cody Wiseman
If You're Serious About Doing This
Most people don't fail in multifamily.
They just:
- Move too slowly
- Second-guess decisions
- Or try to figure it out alone
If you see yourself in Cody's starting point...
That's usually a signal.
You have two ways to move forward:
👉 Start in the group (structure, guidance, weekly execution):
Scaling Up With Syndication
👉 Or apply to work together directly:
No pressure.
Just clarity on your next step.