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BiggerPockets Real Estate Podcast

298: Thriving in Multifamily Investing (Even in a Hot Market) with Michael Becker

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 27 September 2018

⏱️ 91 minutes

🧾️ Download transcript

Summary

Interested in building giant wealth through multifamily real estate investing? Well, on today’s show, we interview someone who already has. Michael Becker is an experienced multifamily investor who’s mastered the genre and simplified the process for being successful! Michael shares what every new investor needs to know about avoiding the biggest mistakes in multifamily, how to invest no matter the market or how hot it is, four problems to watch out for that led to the last recession, and a lot more! You DO NOT want to miss the deep dive where Michael shares how he and his partners made $10M in profit using a combination of BRRRR, syndication techniques, private money, and prudent decision-making. If you’ve ever thought about moving into multifamily investing at some point, don’t miss this show! In This Episode We Cover: How Michael got into real estate The value of partnerships and networking Tips for buying 16 multifamily units What a cap rate is His thoughts on a crash and timing the market How he raises money for a deal Relationship-building and how it helps in any business Advice for using webinars to pitch Tips for raising capital Why you want to keep presentations simple Unique advantages of Fannie Mae and Freddie Mac loans Single family rentals vs. multifamily And SO much more! Links from the Show BiggerPockets Forums Brandon’s Twitter Profile Brandon’s Instagram BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman Books Mentioned in this Show The Millionaire Real Estate Agent by Gary Keller The ABCs of Real Estate Investing by Ken McElroy The Advanced Guide to Real Estate Investing by Ken McElroy Am I Being Too Subtle by Sam Zell Fire Round Questions Should we have an inspector walk through every unit? How do I do my first multi family syndication with no money down? Would you purchase all three together and secure one commercial loan for the properties or do I have to get three separate loans? Tweetable Topics: “It’s much better to be the borrower than the lender when it comes to investing.” (Tweet This!) “All you really have to do is to close a deal or two.” (Tweet This!) “The world is full of capital.” (Tweet This!) “You don’t need to have everything. You just need to have access to it.” (Tweet This!) Connect with Michael Michael’s Company Website Michael’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast Show 298.

0:05.0

Well, multifamily, you control your destiny because it is NOY divided by cap rate.

0:09.0

So if I can increase, you know, if I'm in an environment like today, all this stuff's

0:13.7

the five cap. So every dollar I drive to NOI is 20 to value.

0:18.0

You're listening to Bigger Pocket's Radio, simplifying real estate for investors large and small. If you're here

0:25.8

looking to learn about real estate investing without all the hype, you're in the

0:29.6

right place. Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:37.0

Your home for real estate investing online.

0:40.0

What's going on everyone? This is Brandon Turner today's host of the BiggerPockets

0:43.9

podcast here with the man David Green. How you doing? I'm good. What's going on with you

0:50.0

Brandon, who-a-dance Turner? you Brandon who the dance Turner you know not much I got some you know

0:57.6

stuff going on I got some cool real estate stuff going on right now I'm working on

1:01.6

on possible another mobile home

1:04.2

park. We'll see. I'm really digging those right now and you know just living the

1:09.4

dream. How about you? I'm doing great. The real estate business is going as good as it's ever gone I'm

1:14.8

hanging to have my best month ever this month.

1:16.8

The agent business? Yes being a real estate agent so I've you know I've learned

1:21.0

the investment side obviously now I'm learning how to sell real estate and

1:24.0

luckily for me there are so many bad real estate agents out there that if you're just halfway good

1:27.8

you can dominate everybody and as I'm on my way to becoming excellent I'm going to take over

1:32.3

the world.

1:33.0

There you go. That's awesome. That's awesome.

...

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