The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table.It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights.They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start?In This Episode We Cover:Why today’s “fearful” multifamily market is a great opportunity for new investors Evaluating your goals, skillset, and advantages before you step into the multifamily marketThe biggest mistakes new investors make when choosing a real estate marketHow to get deals sent directly to you and build up a network of top-tier brokersBuilding your real estate dream team that’ll allow you to scale with far less headacheRaising private capital and using other people’s money to grow your real estate empire And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramBiggerPockets Podcast 571BiggerPockets Podcast 586BiggerPockets Podcast 634BiggerPockets Podcast 279Harvard Joint Center for Housing StudiesCrexiLoopnetBerkadiaCushman and WakefieldCBREMarcus and MilichapColliersBooks Mentioned in the Show:Long-Distance Real Estate Investing by David GreeneRaising Private Capital by Matt FairclothConnect with Matt & Andrew:Andrew's BiggerPockets ProfileMatt's BiggerPockets ProfileClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-661Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily real estate investing was almost impossible to break into over the past few years. Even those that had been in the field for decades were finding it challenging to get offers accepted or deals underwritten. Investors were throwing in almost unbelievable amounts of non-refundable earnest money, going well over asking price and analyzing deals at lightning speed, which often led to mistakes, not more money. But the tables have turned, and now, thanks to high interest rates, the buyer is in the driving seat.And how could it be a multifamily episode without Andrew Cushman and Matt Faircloth? These two expert multifamily investors have been buying apartments for decades and helping others do the same! In this episode, Andrew and Matt break down what has gone on in the multifamily markets, why cap rates haven’t kept pace with interest rates, and what buyers can do now that sellers have lost most of their bargaining power. You’ll also get to hear their multifamily predictions for 2023, how far they expect prices to fall, and what you can do to start or scale your multifamily investing this year!Then, Andrew and Matt take questions from the BiggerPockets forums and live Q&As with new multifamily investors. These topics range from property classes explained to raising private capital from investors (who aren’t your mom) and the risks and rewards of investing in smaller markets. Whether you’re interested in duplexes, triplexes, or two-hundred-unit apartment complexes, Andrew and Matt have answers for you!In This Episode We Cover:The mortgage and cap rate battle and how the two are unbalanced in 2023The multifamily buyer’s market and why now is the time to aggressively chase deals2023 housing market predictions and what multifamily investors can expect How to start, or scale, your multifamily real estate portfolio this year Long-distance real estate investing and assessing a property market from afarHow to raise money from private investors and expanding your networkThe hidden dangers behind investing in a small, tertiary marketsAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaAndrew's BiggerPockets ProfileAndrew's LinkedInVantage Point AcquisitionsMatt's BiggerPockets ProfileMatt's InstagramDeRosa GroupPaul Moore’s Article on Interest Rates and Cap RatesBooks Mentioned in the Show:Long-Distance Real Estate Investing by David GreeneRaising Private Capital by Matt FairclothThe Intention Journal by Brandon TurnerConnect with Philip & Daniel:Philip's BiggerPockets ProfilePhilip's InstagramPhilip's WebsiteDaniel's BiggerPockets ProfileDaniel's TwitterClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-711Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you ready to jump into real estate investing, but don’t believe you can find deals in today’s hot market? In this episode, we sit down with multifamily expert Andrew Cushman, who’s actively doing deals in today’s market — and turning big profits. In this show, Andrew explains how he’s finding deals, what metrics he uses to qualify them, where he’s buying today, and what his secret tricks are for finding the “overlooked opportunities” most investors miss — including how he found an amazing deal in the “trash can” for bad deals!You’ll love hearing how Andrew creates millions of dollars in equity and builds relationships with deal-finders so that they bring him the best deals first. Be sure to download this episode and share it with your friends, so you, too, can master the secrets that the pros are using to snag killer deals!In This Episode We Cover: Andrew’s backstory How to make deals rather than find them The ABCD neighborhoods — what are they? What specific properties Andrew is looking for His effective screening criteria for finding properties An in-depth story on one deal Net operating income (NOI) Understanding how properties are valued Challenges Andrew faced over the years Finding great contractors Andrew’s many rental property units And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Podcast BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman City Data Rich Blocks Poor Blocks Trulia USA.com Loopnet BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Gobundance Books Mentioned in this Show The ABCs of Real Estate Investing by Ken McElroy David Greene’s Long Distance Real Estate Investing Emerging Real Estate Markets by David Lindahl How to Win Friends & Influence People by Fire Round Questions Help! 1 million dollars to invest! What do i do!? 30 yr or 15 yr mortgage? Go Solo OR with a big Multifamily investor Tweetable Topics: “The person who wants it the most, loses.” (Tweet This!) “You can completely destroy an investment with the wrong people managing it.” (Tweet This!) “Don’t wait to buy Real estate. Instead, buy real estate and wait.” (Tweet This!) “The best way to spot a great deal is to look at 99 bad ones.” (Tweet This!) Connect with Andrew Andrew’s BiggerPockets Profile Andrew’s Linkedin Profile Andrew’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Andrew Cushman, a multifamily real estate investor with a background in chemical engineering, dives into the tumultuous world of multifamily investments. He reveals the harsh realities of the current market, where many passive investors face significant losses. Cushman breaks down essential concepts like NOI and cap rates, explaining how rising interest rates are reshaping property valuations. He shares insights on navigating capital calls and the importance of thorough vetting in syndication deals, offering valuable lessons for aspiring commercial investors.

Andrew Cushman, real estate investor and expert in multifamily investing, shares why now is the perfect time to start in the multifamily market. He discusses funding options, deal analysis tips, building your team, and pitching to investors. The podcast also covers the importance of accurate numbers, transitioning from house flipping to multifamily investing, finding the right areas to invest, and resources for market verification.