How to Change Your Life with ONE Small Multifamily Property

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 30 April 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

What if you could create multiple income streams and live for “free” with just ONE rental? Today, we’ll show you why a small multifamily property is still one of the best investments you can make and how buying one in 2025 could catapult you toward financial freedom! Welcome back to the Real Estate Rookie podcast! With less competition than both single-family homes and large multifamily properties, small multifamily is the “sweet spot” for investors looking to break into real estate and buy their first rental property. Ashley started her investing journey with a duplex and still believes this is the best investing strategy for rookies today. In this episode, she will show you how to find and buy your first small multifamily property, step by step! Along the way, you’ll learn everything from developing your buy box and analyzing rental properties to getting the best financing terms with the house hacking strategy. But that’s not all. Once you have your property under contract, you’ll need to know how to find and manage tenants, so we’ll share the biggest (and most common) multifamily management mistakes to avoid! In This Episode We Cover How Ashley would invest in small multifamily if she were starting in 2025 House hacking to get low-money-down financing and live for “free” The investing strategy that gives you cash flow, appreciation, and tax-free gains The two biggest multifamily management mistakes (and how to avoid them) Why it’s easier to scale with small multifamily rentals than single-family homes And So Much More! Check out more resources from this show on ⁠⁠BiggerPockets.com⁠⁠ and ⁠⁠https://www.biggerpockets.com/blog/rookie-555 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	If you're a brand new investor who's stuck at the starting line or even maybe a more experienced investor, wondering what your next move is.
0:06.0	You're in for a treat today because we're asking kind of a simple but powerful question.
0:10.9	What would Ashley Care do if she had to start over right now?
0:14.9	No properties, no connections, just the knowledge that she has today.
0:19.0	Yeah, it's kind of a fun thing to think about this little experiment of starting over and what I do.
0:24.7	And even though Tony and I get shiny object syndrome by talking to new investors every week,
0:30.4	I can honestly say that I would still start with a small multifamily.
0:34.6	And today we're digging into exactly why small multifamily still makes
0:38.9	maybe the most sense in today's market for Rikis. And actually is going to give a step-by-set
0:43.6	playbook of what she would do if she had to build her portfolio over from the ground up. Yeah. So I think
0:48.9	we should talk about getting into how to find deals, what kind of loan products are available
0:53.9	to start with, and how I
0:56.0	would build my team starting at day one. But don't worry, I've made enough rookie mistakes
1:00.8	for the both of us. So I'll share what I'd avoid this time around two.
1:14.5	This is the Real Estate Rookie podcast, and I'm Ashley Care.
1:16.3	And I'm Tony J. Robinson.
1:20.5	And with that, let's get into Ashley's starting all over.
1:23.1	So I guess that's maybe the best place for us to start.
1:29.4	Why is small multifamily maybe the best entry point right now for rookies?
1:30.7	There's less competition.
1:31.8	Okay.
1:35.8	So there's more competition going after single family homes. As you're competing against investors and primary homeowners for the larger multifamily.
	...

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