Cowboy Capital

04/07/2026

We’re excited to welcome Tristan Farrow to the Cowboy Capital team as our newest hire.

Tristan studied Financial Economics at BYU–Idaho and served as President of the BYU–Idaho Real Estate Society.

Tristan’s been an intern with us for the past year and has really proven his value. It’s the same way we learned this business early on, getting in the weeds and understanding it inside and out.

He’s already added serious bandwidth by digging into our property financials and bringing a new level of perspective that’s made a real impact.

Now he’s stepping into:

• Investor updates
• Asset and construction management
• Financials, draws, bids, rent surveys
• Due Diligence on all new Acquisitions

08/15/2025

Progress update at North Russell Apartments.•Purchased 9/30/24 at $6,800,000•Raised average rents from $874 to $1,390.•Gross monthly income Oct 2024 $41,000, June 2025 NOI(after expenses) $49,000. •August 2025 gross income $74,000. •32 Plex expansion for $4,500,000, will be worth $7,200,000 stabilized at 5.5% Cap. Total Valuation after expansion = nearly $20,000,000

07/31/2025

Recap of our site visit to Missoula, MT. and iur 54 unit apartment complex.

When we invest in a market, we make it a priority to understand it inside and out. That’s why we do site visits, not just to check on the property but to build relationships with the people who impact its success. Local lenders, brokers, subcontractors, our foreman, and even city officials all play a role in helping our projects perform.

We walk new build properties or even our comparables, sometimes anonymously as prospective tenants, or we let the property manager know we’re considering new management. Either way, it’s all part of gathering intel.

We look at everything: market rents, new construction coming online, demand trends, and how we can stay ahead of the curve. This is how we operate. Boots on the ground, relationships first, strategy always.

This is how we protect investor capital and create upside.

If you’re curious about investing with us or want to learn how to get into the game, shoot us a message. We’d love to connect.

Also, check us out at cowboycapital.us.

05/28/2025

LISTEN IN 🎧 To this latest podcast episode where Levi Allen and Joe Rinderknecht discuss creating Cowboy Capital. How they’re personalities, skillsets, and strengths compliment each other. And their first successful transaction, a 54 unit property in Missoula, MT.

Multifamily Investor Nation

Podcast Episode · Multifamily Investor Nation · 05/26/2025 · 38m

06/06/2024

There’s something about a full exterior paint and asphalt reseal and stripe.

02/28/2024

📌In this episode of the Apartment Investors Podcast, host Jonathan Twombly speaks with Levi Allen, a former potato farmer who transitioned into managing a real estate portfolio worth over a hundred million dollars in assets under management (AUM).

Levi shares his journey from investing in smaller deals on his own to syndicating larger multi-million dollar deals. He discusses the importance of developing relationships with brokers, underwriting prudently, and having confidence in your abilities. Levi also emphasizes that beginning investors should start investing in properties with their own money or with close family and friends before seeking to raise capital from other investors.

The podcast underscores that there are many paths to success in real estate investing and provides valuable insights into Levi Allen’s unique journey and strategies.

🖋️ Some key points:
00:00 Intro
00:30 Guest Introduction: Levi Allen’s Journey from Potato Farming to Real Estate
00:43 Levi’s Current Real Estate Portfolio
02:10 Why Invest in Utah? Understanding the Market
03:05 Levi’s Investment Strategy and Property Types
04:50 The Appeal of Newer Properties and Risk Assessment
08:15 Sourcing Deals and Building Broker Relationships
09:30 Raising Capital: From Family and Friends to a Wider Network
13:03 Levi’s First Steps into Real Estate and Syndication
22:00 Breaking into the Utah Market and Raising Capital
25:06 Property Management and Building Trust with Stakeholders
26:46 Advice for New Investors and Reflections on Levi’s Journey
32:50 Contact Information and Closing Remarks.