The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table.
It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights.
They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start?
In This Episode We Cover:
Why today’s “fearful” multifamily market is a great opportunity for new investors
Evaluating your goals, skillset, and advantages before you step into the multifamily market
The biggest mistakes new investors make when choosing a real estate market
How to get deals sent directly to you and build up a network of top-tier brokers
Building your real estate dream team that’ll allow you to scale with far less headache
Raising private capital and using other people’s money to grow your real estate empire
And So Much More!
Links from the Show
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Harvard Joint Center for Housing Studies
Crexi
Loopnet
Berkadia
Cushman and Wakefield
CBRE
Marcus and Milichap
Colliers
Books Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene
Raising Private Capital by Matt Faircloth
Connect with Matt & Andrew:
Andrew's BiggerPockets Profile
Matt's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-661
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