3 Steps to Buying Your First (or Next) Small Multifamily Property

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Aug 1, 2024

Dave Meyer, a seasoned investor with over a decade of experience in small multifamily real estate, shares invaluable insights on breaking into this lucrative market. He outlines a straightforward three-step process for finding and financing your first investment. Discover why small multifamily properties are ideal for new investors, with their potential for higher cash flow and fewer competitors. Meyer also provides practical tips on using tools like the BiggerPockets Rental Property Calculator to analyze live listings, setting you on the path to financial freedom.

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ANECDOTE

Dave's Real Estate Journey

Dave Meyer achieved financial independence through real estate, despite early struggles.
He emphasizes the importance of tools, education, and networking.

INSIGHT

Small Multifamily Advantages

Small multifamily properties (2-4 units) offer a sweet spot for investors.
They provide cash flow, residential financing, less competition, and house hacking opportunities.

ANECDOTE

Dave's Multifamily Success

Dave Meyer's first three deals were all small multifamily properties in Denver.
These generated significant cash flow, demonstrating the strategy's effectiveness.

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Small multifamily real estate investing could be your quickest path to financial freedom. These properties, from duplexes to quadplexes, typically offer higher cash flow and scaling opportunities than traditional single-family rentals, with less competition. After a decade in the game, it's still Dave Meyer's top investment strategy. Wondering how to get started?

This episode lays out three beginner-friendly steps to dive into small multifamily investing. Anyone can break into this financial freedom-enabling asset class—even without prior experience. We'll explore why small multifamily rentals are the ideal entry point for new investors and tackle the biggest hurdles to landing your first deal.

We don't just talk theory; we'll take you inside a real small multifamily property on the market. Stick around as we show you how to use the BiggerPockets Rental Property Calculator to analyze this live example, giving you the tools to run the numbers on ANY small multifamily property you come across. Whether it's your first or next rental, small multifamily properties might be your best wealth-building move yet. By the end of this episode, you'll be equipped with everything you need to start investing confidently.

Ready to build your financial freedom? Become a BiggerPockets Pro today! Click here to sign up and use code "PMULTI24" for an exclusive discount!

In This Episode We Cover

How to buy your first or next small multifamily property in three simple steps

Why small multifamily is the ultimate "hack" for fast financial freedom

Strategies to find profitable multifamily rentals in your investing area

Analyzing rental properties in minutes with the BiggerPockets Rental Property Calculator

How to find an investor-friendly lender for your next multifamily investment

The one tool expert investors use to build their real estate portfolios faster

And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number-4

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