10 Steps to Buy Your First BIG Real Estate Deal

Are you looking for bigger real estate deals? Maybe you want to tackle a large property as your first deal. If so, this may be the perfect episode for you (and probably ever other real estate investor as well).

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives.

Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset.

REMINDER: Buy the Multifamily Millionaire before the end of August 2021 and you’ll get a four-week multifamily masterclass, taught by Brandon Turner.

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Join The Official BiggerPockets Facebook Group 👇
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Grab the Multifamily Millionaire Volume II:
https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-ii
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BiggerPockets rental property and flip calculators:
https://www.biggerpockets.com/investment-calculators
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Buy Brian’s Book Crushing It in Apartments and Commercial Real Estate:
http://www.crushingit.info/
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Hop on a BiggerPockets Webinar:
https://www.biggerpockets.com/webinars
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Follow Brian on Instagram:
https://www.instagram.com/crushingitbrian/ or @crushingitbrian
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Follow Brandon and David on Instagram:
@beardybrandon or https://www.instagram.com/beardybrandon/
@davidgreene24 or https://www.instagram.com/davidgreene24/

Episode 497

Show notes at: https://www.biggerpockets.com/show497

0:00 Intro
2:16 Quick Tip
4:02 Why Multifamily?
8:42 Skills Needed to Succeed in Multifamily
13:39 10 Steps to Buying Large Multifamily
14:00 Step #1: Get Committed
18:30 Step #2: Develop Your Criteria
28:37 Step #3: Structuring the Deal
39:27 Step #4: Creating Syndications
47:01 Step #5: Getting Into (Good) Debt
51:13 Step #6: Building Your Team
59:23 Step #7: Finding Deals
1:04:29 Step #8: Underwriting and Making Offers
1:13:16 Steps #9/10: Due Diligence and Asset Management
1:18:18 Advice for Small Multifamily Owners
1:19:27 Famous Four


Did you miss our previous article...
https://trendinginrealestate.com/where-to-buy/how-to-find-motivated-sellers-amp-distressed-properties-shorts-flippinggenius