Small multifamily investing might seem scary to a new investor, but what if we told you these properties are less risky than single-family homes and even easier to buy in many cases? In this episode, we’ll bust the most common multifamily myths that keep rookies on the sidelines so that YOU can take down your first multifamily property) in 2025!
Welcome back to the Real Estate Rookie podcast! Today, Amelia McGee and Grace Gudenkauf return to the show to deliver a masterclass on small multifamily investing. They’ll show you how to find off-market real estate deals) at a deep discount, why cash flow) is king when analyzing multifamily properties, and which neighborhoods to target for long-term appreciation). We’ll also get into zoning and permitting issues to be wary of—pitfalls that could wipe out your cash flow if you’re not careful!
But that’s not all. Of course, the BIG question on every rookie’s mind is, “How do I get financing for these deals?” and we’ve got the answer! Amelia and Grace will show you how to buy larger properties with low money down and provide you with the perfect pitch for seller financing)!
In This Episode We Cover:
Why small multifamily properties are even less risky than single-family homes
Boosting your** cash flow** by using multiple investing strategies) for the same property
Taking advantage of HUGE appreciation by targeting developing areas
Buying multifamily properties with LOW money down by house hacking)
The BEST way to pitch seller financing for off-market multifamily deals
**Multifamily investing “myths” **new investors are taught (and why they’re wrong!)
Common zoning and permitting issues that can* kill* your cash flow
The keys to managing multiple tenants (and how to keep them happy!)
And **So **Much More!
Links from the Show
Ashley's BiggerPockets Profile)
Tony's BiggerPokckets Profile)
Real Estate Rookie Facebook Group)
Real Estate Rookie 111 - 26 Doors in 1 Year? Here’s How You Can Do It Too!)
Get RentRedi for FREE with BiggerPockets Pro Membership)
Maximize Your Real Estate Investing with a Self-Directed IRA)
Buy Amelia & Grace’s Book “The Self-Managing Landlord”)
Find an Investor-Friendly Agent in Your Area)
Real Estate Rookie 401 - Boost Your Cash Flow in 2024 with These “Self-Management” Tips)
(00:00) Intro
(02:27) Small Multifamily 101
(08:32) Finding Deals & Choosing Markets
(16:55) Due Diligence & Tenant Management
(25:13) Creative Finance Strategies
(29:20) Key Systems & Processes
(32:11) Connect with Amelia & Grace!
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/rookie-515)
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