Small multifamily properties are one of the EASIEST ways to get into real estate investing. But, your market may be a little too pricey or lack the supply for you to invest in these “slam dunk” deals. So, where do you go? We’ve got two elite agents from the South and Midwest that can help YOU get your next killer deal in metro areas that are seeing STRONG demand, renter growth, and rising rents.
To tell us about Chicago, the “we don’t actually love deep dish” city, is Dan Nelson. Dan was recently able to access a “private listing” that was severely underpriced. He brought this deal to a rookie client of his, who ended up making a MASSIVE amount of equity on closing. We’ll also chat with Jodi Gauthier, a Houston-based agent who secured a very lucrative seller-financed deal for her client, who couldn’t get a mortgage anywhere else.
You might think these deals are too good to be true, ESPECIALLY in 2023’s housing market. But, we’re here to prove that as long as you’re in the right market, running the right numbers, with the right agent, you too can lock down these “slam dunk” small multifamily deals.
In This Episode We Cover:
Two housing markets with “slam dunk” small multifamily opportunities
Metrics to watch BEFORE you invest in a market and how to know your home will appreciate
What to do when you CAN’T find cash flow in your area (and whether or not cash flow is worth it)
Seller financing and how to buy properties when you can’t get approved for a loan
Questions to ask your agent to see whether or not they TRULY know what they’re doing
And So Much More!
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Hear Our Last “Elite Agent” Show
Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat
Book Mentioned in the Show
Long-Distance Real Estate Investing by David Greene
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Connect with Jodi:
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Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-817
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BiggerPockets Real Estate Podcast