497: Bigger Deals, Better Profits: 10 Steps to Your First Large Multifamily w/ Brian Murray and Brandon Turner

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 22 August 2021

⏱️ 115 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives. Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset. This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner. In This Episode We Cover: Why chasing larger deals leads to larger profits Understanding the skills needed to become a successful multifamily investor Shrinking your criteria down to a micro-level, not just a macro overview Starting (or investing in) syndications so you can get into bigger multifamily deals Capital stacks, debt, and other types of financing when buying large properties Why underwriting is more than just putting numbers into a spreadsheet And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Discover the Multifamily Book bonuses Click here to check the full show notes: https://www.biggerpockets.com/show497 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the bigger pockets podcast show 497 go through all this take this risk go through all
0:06.6	this effort and look at look at the small amount of money that's going to generate for me every
0:11.1	month and that was a little bit discouraging and then I noticed that hey when you know if instead
0:16.0	of looking at duplex if I look at a you know a three unit or six unit look how much better that
0:20.2	looks like I'm going to go through the same process but wow now it's actually something that could
0:25.1	make a difference for me you're listening to bigger pockets radio simplifying real estate for
0:30.9	investors large and small if you're here looking to learn about real estate investing without all
0:36.4	the height you're in the right place stay tuned and be sure to join the millions of others who have
0:42.4	benefited from bigger pockets dot com your home for real estate investing online what's going on
0:48.9	everyone it's Brenner host of the bigger pockets podcast here with my co-host mr metaphor a
0:56.4	multi-family David green what's up man how you doing nice the iteration I'm doing really good
1:01.7	actually things are going pretty well Brian Murray you're here as well right now we got you
1:05.8	have for part two today what's up man hey how you guys doing really excited to dig back in here
1:10.2	well for those who don't know if you didn't listen to the last episode the last episode of this
1:13.6	podcast which was episode four 96 we spent like over an hour just going through small multi-family
1:20.6	properties kind of a step by step guide to buying small multi-family and we talked about what the
1:25.3	difference between small and large is it's not unit number and a whole lot more we really we really
1:30.1	don't deep into that and then we ended that with me reading chapter one of the new multi-family
1:34.3	millionaire book so today we're talking about large multi-family and that could be a five unit
1:39.7	technically it's the way you approach it as we talked about in the last episode it could be a 20
1:43.4	unit could be a 50 unit but the idea of how do you scale into like a team based approach to big deals
1:50.6	that can really create some generational well so that's what today's episode is all about and
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.