Hey, dealmakers, welcome to the show where it's all about financial freedom with real estate.

Let's do this.

So if you've listened to the show for a while or maybe on watching us on YouTube,

you'll probably hear me talk a lot about multifamily investing, right?

And it's the best way for you to scale with real estate and actually become

financially free because it's very difficult to do that with single family houses right we talk

about it in other episodes here very difficult to scale flips and rentals flips are a lot of work

and rentals are very difficult to scale that make a lot of money and so you can't really scale

single family house investing without working a lot harder and the main benefit of multif. And so you can't really scale single family house investing without

working a lot harder. And the main benefit of multifamilies, you can. The numbers are bigger.

You can outsource the management to a professional management company. And it's just a much better way

to actually build wealth without having to work harder. And so maybe you do buy that, but you might

not, you might be concerned about one thing. And that is you might consider multifamily being an advanced strategy. I want to talk about today. And the two objections I normally hear is, Michael, I don't have the experience yet. So let me flip or do some STRs or long-term rentals for the next five or 10 years. And then I will take that experience and graduate to apartments. And I'm going to save my money, or maybe I'll use a helock, and then when I have enough money saved up, I will then, again, graduate to a multifamily. The truth is, you don't need to do any of that. You can get right into apartment buildings right now, whether you've done single-family house investing or not, it does not matter. So in this

episode here, in this show, I want to talk about and address those two things, experience and

money. So let's take the first myth. I need to invest in single family houses before I get into

multifamily. It's actually not true. It's actually the opposite is true. So back in 2006, when I got into, when I equipped my job in 2005, I took all these seminars and things that I had you. Yes, I got into the restaurant franchise business. That was my main thing, but I took a lot of, a lot of classes, right? So I was, I was learning a lot about how money worked as well.

And so one of the things I did is I took a commercial real estate investing class and I actually called on brokers in Texas. I was in Northern Virginia at the time. So I was actually trying to call brokers. I actually sent yellow letters. What were we doing for house flips? That didn't work as well. And I would call them. And at the time, I had done like two house flips and I had a rental. so I would call them and I say, hey, I'm a real estate investor in Virginia. I'm interested in multifamily apartments. Can you send me over any listings? And they responded with something like, well, have you done any apartments? And they're like, well, no, but I got some rentals and I did some flips. He goes, cool, cool, cool. Well, I'll tell you what, why don't you send me your proof of funds and I'll send you some deals? I'm like, proof of funds. I didn't have any proof of funds that was all deployed in the restaurants, really. And I kind of was stuck. And now I know that that's what what brokers tell you if they think you're a newbie. If you sound like a newbie, I make you go

away by asking for proof of funds you don't have because you're not going to close on the deal

anyway. And so... you if they think you're a newbie. If you sound like a newbie, I make you go away by asking

for proof of funds you don't have because you're not going to close on the deal anyway.

And so I had this this aha moment that my real estate investing experience really didn't

buy me anything. I didn't get any credit for it whatsoever. And so even if I had done more,

...