Real Estate Rookie

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.

Taking down a $6.5 million real estate deal might seem like an unlikely feat for a rookie investor, but it’s not if you use other people’s money. When today’s guest had a large portfolio of multifamily properties fall into his lap, he exhausted all of his resources to bring it home—dodging multiple curveballs along the way!In this episode of the Real Estate Rookie podcast, we’re diving into the world of syndication with investor Andrew Freed. Real estate syndications can be a great way to build a real estate portfolio without using much of your own money, but this investing strategy also requires careful planning and coordination. The biggest challenge for most investors? Raising capital. And that was certainly the case for Andrew, who only managed to scrounge up the funds he needed during the eleventh hour.While you may not plan on tackling a multimillion-dollar syndication deal any time soon, there are several important lessons that every rookie investor can take away from Andrew’s latest deal. In this episode, you’ll learn how to find the BEST deals through local real estate meetups, how to raise a TON of capital by leveraging your own network, and how to bring a deal to potential investors!In This Episode We Cover:How to build a large real estate portfolio using other people’s moneyFinding RARE deals by attending your local real estate meetupsLeveraging your network to raise capital for syndicationsThe best ways to present a syndication deal to potential investorsHow to negotiate financing terms on a large commercial loanAnd So Much More!Links from the ShowFind an AgentFind a LenderAshley's BiggerPockets ProfileAshley's InstagramTony's BiggerPockets ProfileTony's InstagramReal Estate Rookie Facebook GroupJoin BiggerPockets for FREEAsk Us Your Investing QuestionApply to Be a Guest on the “Real Estate Rookie” PodcastGrab Your Copy of “Real Estate Partnerships”24 Units in 2 Years by Making Your Rentals Match the Market w/ Andrew FreedUse the BiggerPockets Glossary to Learn Key Real Estate TermsLearn More About Tony’s Latest Syndication DealGet Your Syndication Questions Answered by SEC Attorney Bethany LaFlamConnect with Andrew:Andrew's BiggerPockets ProfileAndrew's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-345Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jim Kwik, a New York Times best-selling author and coach, shares transformative tips for optimizing your brain and building wealth through real estate faster. He discusses a three-step formula to stop procrastinating, the power of a positive peer group, managing risk in real estate investing, and ways to combat high stress levels. Kwik also shares the 'superpower' you need to fast-track your personal development.

Experienced real estate investors Tony and Ashley discuss the benefits of private money for financing real estate deals. They explain how to find private money lenders, structure loans, and protect yourself in a deal. They also provide tips for borrowing from hard money lenders and discuss the importance of creating an amortization schedule. The podcast covers topics such as finding trustworthy renters, protecting yourself as a private money lender, and real estate buying strategies.

Dan McDonald, an investor who house hacks to help cover his mortgage in an expensive market, shares valuable advice on using a side hustle to accumulate cash for real estate investments. Topics covered include house hacking, maximizing profits with auctions and efficient property management, using TaskRabbit for a side hustle, the importance of an umbrella policy for house hacking, and actionable steps and tools for house hacking.

AJ Osborne, a self-storage investor, shares his unbelievable story of going from paralysis to making millions. He discusses how self-storage investing saved his life and why it may be the best real estate investment. Topics covered include the benefits of self-storage facilities, advantages over rental properties, and the best time for beginners to get into real estate.

Real estate expert David Greene discusses the BRRRR method and how it allows investors to infinitely invest with the same money. He shares tips on finding deals, analyzing properties, and avoiding pitfalls. The podcast also covers how to get paid to buy cash-flowing rentals, using BRRRR in today's market, and the benefits of BiggerPockets Pro membership.

Discover the secrets of finding investment properties in preforeclosure that can lead to fantastic deals. Learn when it’s wise to buy 'subject to' and the crucial costs involved. Get insights into key market analysis metrics like population and job growth. Uncover the pitfalls of listing rental properties and effective strategies for out-of-state renovations. Plus, hear an investing hack that can save you a significant amount on renovation materials!

Zoey Berghoff, an investor earning significant income from a small real estate portfolio, discusses the power of reinvesting profits into rentals to boost booking numbers and charge more for unique stays. She also shares insights on land hacking, assembling the ideal team for short-term rentals, and setting reasonable expectations for Airbnb guests. The episode covers topics such as glamping, yurts, unique stays, strategies for becoming a successful Airbnb host, analyzing revenue projections, and adding unique features to rental properties.

Learn about the concept of ARV in real estate investing, how to estimate it correctly, and common mistakes to avoid. Discover resources for finding comparable properties and determining property values. Consider factors beyond purchase price and explore real estate tools and services. Get insights on interest rates, calculator software, and property analysis apps. Understand the importance of optimizing systems and processes in property management.