Change is good, right?
We hope so – because in this episode of the BiggerPockets Podcast, we change a lot of things up and invite you to come sit in the BiggerPockets digital coffee shop and listen in on a fascinating discussion! For the first time, we bring back a previous guest on the BiggerPockets Podcast to move beyond “their story” and dig into the dirty details on a very popular and important topic: multifamily rental properties.
Today Ben Leybovich, who shared with us his powerful journey almost a year ago on episode 14 of the BiggerPockets Podcast, is going to talk with us about what it takes to succeed as a multifamily investor – looking beyond the numbers and truly investing in the right kind of properties.
As I said- this show is a little different. Rather than just an interview, we decided to make this episode more of a “conversation” between Ben, Josh, and myself – discussing (and often loudly debating) everything from “what kind of properties to buy,” “what kind of location someone should buy in,” and a long debate on one of Brandon’s most recent purchase- the ugly purple triplex.
Although this is our longest show, at almost two hours in length, I think this is one of the most powerful podcasts we have ever done because it’s totally unfiltered, deep, and raw. Come be a fly on the wall in our “digital coffee shop” and discover everything you ever wanted to know about investing in multifamily rental properties.
In This Show, We Cover:
- Managing single family versus multifamily properties
- Why cash flow is not enough to base your decisions on
- Brandon’s “Waldo” property: good, bad, or something else? (Leave your opinion on the debate in the comments below!)
- The Validity (and Problems with) the “Rental Property Rules“
- The 13 Steps to Analyzing a Multifamily Property
- How valuation differs between single family and multifamily
- Dealing with studio or one bedroom apartments
- Why Ben doesn’t like 2 bathrooms in an apartment
- Ben tells Josh to “shut up“
- How to really learn what expenses will be
- And a lot more!
Links from the Show
Books Mentioned in the Show
Tweetable Topics
- You can put lipstick on a pig all day long – but if you have a pig, you still have a pig. (Tweet This!)
- We don’t put money into property- we put money into location. (Tweet This!)
- If you wanna fly – you need to hang with people who fly. (Tweet This!)
- Stumbling blocks and stepping stones look very much alike. (Tweet This!)
- Our job as an entrepreneur is to produce cash flow out of thin air. (Tweet This!)
Connect with Ben
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