How to Find Financial Freedom with Small Multifamily Rentals

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 19 August 2023

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

Small multifamily investing is one of the fastest ways to reach financial freedom through real estate. With just a few multifamily rental properties, you can create passive income streams that’ll allow you to retire from your W2 job, go full-time into real estate investing, or have enough money to do whatever you want, whenever you want. Don’t think it’s still possible? Dave Meyer, multifamily investor and VP of Data and Analytics at BiggerPockets, may change your mind. Dave started investing in real estate by buying a couple of small multifamily rentals within a block of each other. He lived in one of the units while renting out the others, allowing him to live for free and collect some sizable cash flow. Now, years later, Dave is collecting around $5,000 per MONTH from just these two properties. And if you invest in small multifamily rentals, you could experience the same cash flow! If you want to invest like the experts and use the tools and calculators from this episode, sign up for BiggerPockets Pro and use code “FAMILYPOD20” for a discount! In This Episode We Cover: How to achieve financial freedom by investing in SMALL multifamily real estate The four MAJOR benefits small multifamily boasts and why you’ll want to get in NOW The financial freedom formula and calculating out how much you REALLY need Financing your small multifamily rentals using loans and creative financing How to use the BiggerPockets Rental Property Calculator to calculate cash flow, cash-on-cash return, and long-term profit The dangers you MUST look out for before investing in ANY multifamily deal 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 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 Rental Property Calculator Rent Estimator DealMachine ListSource Grab the Small Multifamily Slides and Worksheet: Slides Worksheet Already Pro? Check Out Pro Exclusive Videos! Sign Up for a BiggerPockets Bootcamp Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Dave's BiggerPockets Profile Dave's Instagram Book Mentioned in the Show: Real Estate by the Numbers by J Scott & Dave Meyer The Multifamily Millionaire by Brandon Turner Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1 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 the Bigger Puckets Podcast.
0:02.2	Hey, what's going on everyone? This is Dave Meyer and I am popping in here because I have a very
0:07.5	special episode of the podcast for you today. I'm going to be sharing a presentation I did recently
0:14.0	on the benefits of investing specifically in small multi-family assets and how that is really
0:21.2	in my opinion, basically this sweet spot to building long-term wealth. We're going to talk about
0:27.3	this during the presentation but I think obviously single-family homes are great and so is large
0:33.2	multi-family but for newer investors I really think that small multi-family is a way to
0:39.2	scale your portfolio quickly without taking on too much risk. You get the benefit of residential
0:45.1	financing which comes with a lower interest rate and often means that you can put down less money.
0:50.0	So there's all these incredible benefits to small multi-family investing. This is actually
0:54.9	how I got started and I really think it is a great way to get started but even if you already
0:59.2	own a couple of properties if you're an active investor I think you're going to learn a ton
1:03.4	up from this episode because I'm not just talking about small multi-family I'm also going to talk
1:08.2	about analyzing deals and I'll show you some of the tools that anyone can use on bigger pockets
1:13.9	to help you analyze these types of deals offer with confidence and build out a portfolio that meets
1:20.1	all of your financial goals. So that's what we're going to get into today. If as I'm going through
1:24.6	the membership you find a lot of value in the tools and resources that I'm going to talk about that
1:29.2	we offer at bigger pockets and I'm quite confident you will because millions of people are bigger
1:34.7	pockets members and we have tens of thousands of pro members who are all successfully investing
1:39.9	in real estate. So if you do want to take advantage of the full suite of services the pro membership
1:45.0	does have to offer. For watching this YouTube video you can use the code YT Family20 that's YT
1:51.6	YouTube Family20 and you're going to get 20% off your first year of the pro annual subscription
	...

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