346: The Multifamily Investing Masterclass: How to Get Started in 2024 w/Andrew Cushman

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 7 December 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Multifamily real estate investing can be scary to a new investor. After all, buying more units requires more money, more resources, and a larger team. But today’s guest is here to show you that multifamily investing is not nearly as intimidating as it may seem and why NOW is the perfect time to get started! Welcome back to the Real Estate Rookie podcast! In this episode, Andrew Cushman delivers a masterclass in multifamily real estate. Andrew got his start flipping houses for profit, only to find that he was missing out on the consistent cash flow and long-term appreciation of buy and hold properties. So, he dived headfirst into the world of multifamily investing. Today, he shares how he landed his first multifamily deal—the good, the bad, and the ugly. If you’ve ever considered buying multifamily properties, Andrew explains why you should start now. He also offers some essential tips for investing in today’s market and provides a wealth of resources to help you define your perfect buy box. Finally, you’re going to need the right people around you to tackle multifamily real estate. Andrew shows you how to build your team and how to pitch a long-term buy and hold property to potential investors! In This Episode We Cover: Why NOW is the perfect time to start investing in multifamily real estate Three ways to fund your first multifamily deal (with other people’s money!) Multifamily deal analysis and tips for buying in today’s market The two CRITICAL deal analysis mistakes that investors make How to assemble a high-performing team for your multifamily business And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the “Real Estate Rookie” Podcast Grab Your Copy of David Greene’s Book, “Long-Distance Real Estate Investing” Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal w/ Andrew Cushman The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/ Andrew Cushman Why Self-Storage Beats Rental Properties w/ AJ Osborne Resources to Help You Build Your Buy Box: JCHS ESRI FEMA BLS Rich Blocks Poor Blocks Bright Investor Neighborhood Scout Connect with Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions Check the full show notes here: https://www.biggerpockets.com/blog/rookie-346 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie episode 346.
0:04.8	My name is Ashley Kerr and I am here with my co-host Tony J Robinson.
0:09.6	And welcome to the Real Estate Rookie podcast where every week, twice a week,
0:13.6	we're bringing you the inspiration, motivation, and stories.
0:16.5	You need to hear to kick start your investing journey.
0:18.4	And today we have the one and only Andrew Cushman. If you guys are at all familiar with the bigger pockets
0:24.7	ecosystem he's had out of like 50 episodes on the real estate podcast but it's his
0:29.5	first time here on the Ricky show and Andrew is an expert in the multifamily space. So we bring him on and you're going to hear his journey of getting started as a new multifamily investor. What a real estate syndication is and why he made the
0:43.8	transition from flipping houses to real estate syndication. You're going to learn
0:47.9	about how to build your buy box for multifamily. We're going to talk about is now a
0:52.4	good time to even get started in multifamily and're going to talk about is now a good time to even get
0:53.4	started in multifamily and you'll be surprised I think by what Andrew's
0:56.7	answer is. We recently had AJ Osborn on episode 340 and he talks about why now is a great time to get into self-storch
1:06.8	so I'm very curious as to what Andrew has to say to us as to why now is a great time to get into multifamily.
1:16.0	Now, before we keep going, I just want to give a quick shout out to someone in the rookie
1:19.5	audience by the username of K Dimsky 79 and K Dimsky left a five-star review on Apple Podcast and said I love this
1:27.1	podcast because it gives me the inspiration to pursue my real estate investing dreams.
1:31.8	There's a good spread of expert guests like today's
1:34.1	episode and Ricky's telling their story so if you are a part of the rookie audience
1:38.8	and you have not yet left us an honest rating and review please do do. Because the more reviews we get,
1:43.4	the more folks we can inspire.
1:44.9	And inspiring folks helps them take action
	...

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