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BiggerPockets Real Estate Podcast

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

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 1 August 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

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 Interested 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

Transcript

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0:00.0

Are you're looking for a way to get into real estate investing that's both scalable and profitable?

0:06.0

Or maybe you've already started investing maybe with single family homes,

0:09.5

but you're looking for other types of properties that can help you scale your portfolio.

0:15.0

Well, today we have a bonus episode for you that's going to walk you through exactly how to get started

0:20.0

with a really great asset class that's near and dear to my heart, small multifamily properties.

0:26.4

I started this way. I'm going to teach you how you can also use this great and very unique asset class

0:32.4

to build your portfolio with ease and confidence.

0:35.0

As you might know, in addition to me talking on this podcast all the time about real estate,

0:44.1

bigger pockets is way more than a podcast. We have this whole website with tons of educational content.

0:49.4

We've got great books. And one of the things I do on that website is make webinars and this episode is actually

0:56.0

just an audio version of one of these in-depth webinars that I made on the website.

1:01.5

So you know it's going to be packed with a lot of really practical

1:04.6

actionable tips and information. So let's get into it.

1:08.0

Hey everyone and welcome today's BiggerPockets webinar How to Buy Small Multifamily Properties.

1:16.0

My name is Dave Meyer and today I'm going to share with you my 14 plus years of experience investing

1:21.6

in small multifamily real estate to help you achieve

1:25.2

financial freedom through what is probably my favorite asset classes.

1:29.7

And today when we talk about small multifamily,

1:32.8

when I'm referring to specifically is duplexes, triplexes, and four plexes.

1:37.8

So basically anything between two and four units,

1:40.4

I'll explain why that is in just a second but first let's talk about today's broader

1:46.3

agenda. What we're going to do today first and foremost is explore a proven

...

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