Want to know how to invest in multifamily real estate WITHOUT being a multimillionaire? We aren’t talking about tackling a duplex or triplex; we’re talking about sixteen, eight, or ten-unit apartment buildings that could help you replace your W2 income. And while these deals may seem too big to take down for a rookie real estate investor, they’re much easier to get done IF you know what to do. But you’ll want to follow Lee Yoder's advice, who left his job and took a hefty pay cut to start investing in real estate.

As a corporate physical therapist, Lee knew that time was passing him by. The one thing he could do to ensure a life of financial freedom and time with his growing family? Multifamily real estate investing! He made the risky decision to switch gears, leaving the corporate world and thirty percent of his income behind to make the jump. Thanks to smart saving and spending, Lee was in a position where he could dedicate large chunks of his time to flipping houses and later investing in passive-income-generating real estate.

The best part about Lee’s story is that he did all of this on a middle-class income, without a ton of cash, using tools that almost every investor has available to them. If you want to know how he did it, what steps helped him skyrocket his portfolio, and how you can repeat his system, stick around!

In This Episode We Cover:

When to go full-time into real estate and saying goodbye to a steady paycheck

House flipping and buying under-market homes at online auctions

The “passive income” fallacy and why real estate investing ISN’T what you think

Living below your means and why spending less allows you to take bigger risks

Using real estate meetups to find partners, mentors, and deals in your area

The rental property “scrapyard” that most investors overlook when buying multifamily

Buying in the multifamily “sweet spot” that new investors and big syndicators won’t venture into

And So Much More!

Links from the Show

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David's BiggerPockets Profile

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David’s YouTube Channel

Work with David

Work with Andrew

Andrew's BiggerPockets Profile

Try the BRRRR Calculator on Your Next Deal

What is the BRRRR Method & How to Use it to Invest in Real Estate

How to Properly Analyze a BRRRR Property

Hear Andrew On Our Recent Episode About Asset Management

Connect with Lee:

Lee's BiggerPockets Profile

Lee's LinkedIn

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Lee's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-752

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Anthony Di Renzo, "Pasquinades: Essays from Rome's Famous Talking Statue" (Cayuga Lake Books, 2023)