Small multifamily investing is one of the easiest, fastest ways to find financial freedom. We’re not talking about any “get rich quick” promises or risky businesses—thousands of real estate investors have used small multifamily rental properties to live the life of their dreams. And today, we want to help you do the same. We’ve got our multifamily millionaire, Dave Meyer, here to share the tools of the trade! Dave was able to reach financial independence in only a few years, thanks to a small portfolio of multifamily rental properties!
Even if you’re an absolute beginner in real estate, without any properties or experience, small multifamily can be one of the easiest ways to start investing. With low money down options, the ability to house hack, and big cash flow opportunities, any investor can start, or scale, a real estate portfolio with a duplex, triplex, or quadplex. And Dave will walk you through every step of the journey. From finding deals to analyzing them, financing them, and doing it again, this step-by-step process is simple to follow, and can be done in a matter of weeks or months!
So, if you’re ready to build a life you love, have the financial autonomy you’ve always dreamed of, and start investing today, hit play on this episode! And, if you’re interested in using the top-tier tools Dave shows in this video, sign up for BiggerPockets Pro today! Make sure you stick around until the end of this episode—Dave will be giving away a BIG discount with a bundle of bonuses!
00:00 Intro
01:30 Quick Tip
07:09 Want Financial Freedom?
10:28 What is BiggerPockets?
12:50 Meet Dave!
17:12 Why Small Multifamily Rentals?
23:44 Where to Find These Properties
30:24 How to Finance Rental Properties
36:55 How to Analyze a Multifamily Rental
56:50 Dangers to Watch Out For
59:36 It's Not Scary!
01:01:55 Become a Real Estate Pro!
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Sign Up for BiggerPockets Pro and Use Code “MULTI” for 20% Off:
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Grab Some BiggerPockets Merch:
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Find an Investor-Friendly Agent in Your Area:
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Grab the Multifamily Worksheet:
https://www.biggerpockets.com/files/user/mollysmith39/file/worksheet-multifamily-webinar?utm_source=youtube&utm_medium=description&utm_campaign=none
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Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:
Spotify: https://open.spotify.com/show/2NlzZ9NtHtZ2uBuaDNoGzY
Apple Podcasts: https://podcasts.apple.com/us/podcast/on-the-market/id1615086704
BiggerPockets: https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media
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Try the BiggerPockets Calculators:
https://www.biggerpockets.com/investment-calculators?utm_source=youtube&utm_medium=description&utm_campaign=none
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Get Dave’s New Book, “Real Estate by the Numbers”
https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none
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Find a Lender for Your Next Real Estate Deal:
https://www.biggerpockets.com/loans?utm_source=youtube&utm_medium=description&utm_campaign=none
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Already a BiggerPockets Pro Member? Get Access to Pro-Exclusive Videos:
https://www.biggerpockets.com/pro/videos?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Dave on BiggerPockets:
https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Dave and BiggerPockets on Instagram:
@thedatadeli or https://www.instagram.com/thedatadeli/
@biggerpockets or https://www.instagram.com/biggerpockets/
Episode 694
Show notes at: https://www.biggerpockets.com/blog/real-estate-694?utm_source=youtube&utm_medium=description&utm_campaign=none
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