Multifamily real estate investing can be scary to a new investor. After all, buying more units requires more money, more resources, and a larger team. But today’s guest is here to show you that multifamily investing is not nearly as intimidating as it may seem and why NOW is the perfect time to get started!
Welcome back to the Real Estate Rookie podcast! In this episode, Andrew Cushman delivers a masterclass in multifamily real estate. Andrew got his start flipping houses for profit, only to find that he was missing out on the consistent cash flow and long-term appreciation of buy and hold properties. So, he dived headfirst into the world of multifamily investing. Today, he shares how he landed his first multifamily deal—the good, the bad, and the ugly.
If you’ve ever considered buying multifamily properties, Andrew explains why you should start now. He also offers some essential tips for investing in today’s market and provides a wealth of resources to help you define your perfect buy box. Finally, you’re going to need the right people around you to tackle multifamily real estate. Andrew shows you how to build your team and how to pitch a long-term buy and hold property to potential investors!
In This Episode We Cover:
Why NOW is the perfect time to start investing in multifamily real estate
Three ways to fund your first multifamily deal (with other people’s money!)
Multifamily deal analysis and tips for buying in today’s market
The two CRITICAL deal analysis mistakes that investors make
How to assemble a high-performing team for your multifamily business
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Ask Us Your Investing Question
Apply to Be a Guest on the “Real Estate Rookie” Podcast
Grab Your Copy of David Greene’s Book, “Long-Distance Real Estate Investing”
Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal w/ Andrew Cushman
The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/ Andrew Cushman
Why Self-Storage Beats Rental Properties w/ AJ Osborne
Resources to Help You Build Your Buy Box:
JCHS
ESRI
FEMA
BLS
Rich Blocks Poor Blocks
Bright Investor
Neighborhood Scout
Connect with Andrew:
Andrew's BiggerPockets Profile
Andrew's LinkedIn
Vantage Point Acquisitions
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-346
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Real Estate Rookie