903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 28 February 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Would you buy multifamily real estate now? Asset prices are falling, mortgage rates are still high, banks aren’t taking on new loans, and every real estate “expert” thinks that the multifamily space is full of dead deals. If this was so true, then how did Brian Adamson build a multimillion-dollar, 120-unit portfolio with plenty of cash flow and seven figures in equity all in the past four years, a time of tremendous booms and busts in the multifamily market? Well, he’s about to show you! Brian started investing before The Great Recession but didn’t walk away from the housing crash unscathed. Thankfully, a few upside-down properties didn’t stop him from investing as he continued to do wholesaling and fix and flip deals from 2008 onwards. But, in 2020, he had a calling to start investing in multifamily during a hot market and in areas most real estate investors would run from. Fast forward close to four years later, and Brian has a rental property portfolio of over one hundred units, with tens of thousands in cash flow coming in every month and millions in equity. He bought when he shouldn’t have, in places investors run from, with loans even top investors refuse to use, but he came out on top. In this episode, he’ll break down his exact strategy, what and where he’s buying, and how much money he’s making, plus some real estate markets he’s bullish on in 2024. In This Episode We Cover: Massive multifamily deals that are making Brian a millionaire even during a down market A failed first multifamily attempt that cost Brian tens of thousands of dollars Investing in markets that most investors would NEVER even consider The exact rent, cash flow, and equity numbers Brian looks at before buying How to use bridge loans to cover your rehab costs on a home-run deal Real estate investing markets that Brian is bullish on in 2024 And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE 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 Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob' Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Beginner’s Guide To Investing In Your First Multifamily Property Multifamily Is Likely To Start Recovering in 2024—Here’s Why Book Mentioned in the Show SCALE by David Greene Connect with Brian: Brian's BiggerPockets Profile Brian's Facebook Brian's Instagram: @brianadamsonofficial Brian's LinkedIn Brian's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-903 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	This is the Bigger Pocket Podcast Show 903.
0:04.7	What's going on everyone? I am David Green, your host of the BiggerPockets Real State
0:08.8	podcast today here with my partner in crime.
0:11.5	Rob Abisolo, how's it going, Rob I'm good. I'm tired. I woke up at 530 today. I've started the routine again. I'm back on the grind. But, you know, there's light at the end of the tunnel because we've got a great show today where
0:23.6	we're going to be featuring an investor who is successfully investing in
0:27.2	multifamily today in 2024 and in today show you're going to see Rob put on his diva hat as we dive deep into a topic that most people are afraid to get into.
0:38.5	Today's guest Brian Adamson shifted from single family rentals into multi family investing at a time when others consider it
0:46.2	risky to invest in that asset class.
0:48.2	Yeah, we're going to cover how to be successful in multifamily today and how to look at markets to invest in.
0:53.7	We're also going to address the big old elephant in the room,
0:56.3	which is funding in the multifamily space,
0:59.0	and some of the ticking time bombs
1:00.4	that might be lurking around the corner
1:01.8	for this niche in real estate. And we're also going to get into the nitty-gritty of the numbers on deals that Brian is currently doing in markets that he thinks will be profitable in the multifamily space for the next couple of years.
1:11.0	That's right, we've got awesome content for you.
1:13.4	Brian is going to be sharing how much he likes to pay for door, what he wants the
1:17.2	ARV on that to be, when he exits deals versus when he keeps them, what markets
1:21.7	he invests in, as well as the rents that he's looking for on the
1:25.2	properties that he's buying. This is some great stuff, so if you've been looking for an opportunity in real estate,
1:30.1	there's probably not a better one than in the commercial spaces
1:33.3	everybody else is afraid to get into that asset so we've got what you need on
1:36.8	today's episode of the BiggerPockets podcast let's get into it
	...

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