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BiggerPockets Real Estate Podcast

661: How to “Start from Zero” in Today’s Multifamily Market w/Andrew Cushman and Matt Faircloth

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.816.6K Ratings

🗓️ 13 September 2022

⏱️ 71 minutes

🧾️ Download transcript

Summary

The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table. It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights. They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start? In This Episode We Cover: Why today’s “fearful” multifamily market is a great opportunity for new investors  Evaluating your goals, skillset, and advantages before you step into the multifamily market The biggest mistakes new investors make when choosing a real estate market How to get deals sent directly to you and build up a network of top-tier brokers Building your real estate dream team that’ll allow you to scale with far less headache Raising private capital and using other people’s money to grow your real estate empire  And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram BiggerPockets Podcast 571 BiggerPockets Podcast 586 BiggerPockets Podcast 634 BiggerPockets Podcast 279 Harvard Joint Center for Housing Studies Crexi Loopnet Berkadia Cushman and Wakefield CBRE Marcus and Milichap Colliers Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Raising Private Capital by Matt Faircloth Connect with Matt & Andrew: Andrew's BiggerPockets Profile Matt's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-661 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the bigger pockets of podcast.

0:01.8

Show, 6.61.

0:04.2

And also finally understand that fear is going to be a real factor

0:08.4

for no matter what the market is.

0:10.2

There's not going to be this no problem market.

0:13.6

That there's never going to, that there's nothing in your way

0:16.2

and it's completely clear and there's no competition.

0:18.4

And the deals are cheap and the money's free and whatnot.

0:21.5

That's utopia real estate.

0:22.9

Not going to happen.

0:24.2

Don't wait for utopia real estate to happen.

0:26.7

Just find a way to make deals work today

0:28.9

and be conservative enough that it's going to,

0:31.2

that the deals will work out.

0:33.0

And if you hold long enough and you do the correct business plan

0:35.8

as Andrew said, it will eventually profit

0:38.9

if you hold for the long term.

0:40.0

What's going on everyone?

0:40.8

This is David Green.

0:41.6

You are a host of the bigger pockets.

0:43.6

Real estate podcast.

0:44.6

Come into you live from Scottsdale, Arizona

...

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