The Rookie’s Ultimate Guide to Multifamily Real Estate Investing

Episode #346

Multifamily real estate investing can be scary to a new investor. After all, buying more units requires more money, more resources, and a larger team. But today’s guest is here to show you that multifamily investing is not nearly as intimidating as it may seem and why NOW is the perfect time to get started!

Welcome back to the "Real Estate Rookie" podcast! In this episode, Andrew Cushman delivers a masterclass in multifamily real estate. Andrew got his start flipping houses for profit, only to find that he was missing out on the consistent cash flow and long-term appreciation of buy and hold properties. So, he dived headfirst into the world of multifamily investing. Today, he shares how he landed his first multifamily deal—the good, the bad, and the ugly.

If you’ve ever considered buying multifamily properties, Andrew explains why you should start now. He also offers some essential tips for investing in today’s market and provides a wealth of resources to help you define your perfect buy box. Finally, you’re going to need the right people around you to tackle multifamily real estate. Andrew shows you how to build your team and how to pitch a long-term buy and hold property to potential investors!

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Grab Your Copy of David Greene’s Book, “Long-Distance Real Estate Investing”:
https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media
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Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal w/ Andrew Cushman:
https://www.biggerpockets.com/blog/biggerpockets-podcast-571?utm_source=youtube&utm_medium=description&utm_campaign=none
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The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/ Andrew Cushman:
https://www.biggerpockets.com/blog/real-estate-586?utm_source=youtube&utm_medium=description&utm_campaign=none
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Why Self-Storage Beats Rental Properties w/ AJ Osborne:
https://www.biggerpockets.com/blog/rookie-340?utm_source=youtube&utm_medium=description&utm_campaign=none
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Resources to Help You Build Your Buy Box:
JCHS: https://www.jchs.harvard.edu/son-2023-migration-map
ESRI: https://www.esri.com/en-us/home
FEMA: https://www.fema.gov/flood-maps
BLS: https://www.bls.gov/
Rich Blocks Poor Blocks: https://www.richblockspoorblocks.com/
Bright Investor: https://brightinvestor.com/
Neighborhood Scout: https://www.neighborhoodscout.com/
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Connect with Andrew:
BiggerPockets: https://www.biggerpockets.com/users/andrewc58?utm_source=youtube&utm_medium=description&utm_campaign=none
LinkedIn: https://www.linkedin.com/in/andrew-cushman-959471a
Vantage Point Acquisitions: https://www.vpacq.com/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/


Show notes at: https://link.chtbl.com/Rookie


00:00 Intro

01:50 Should You Buy Multifamily NOW?

04:14 COSTLY Multifamily Investing Mistakes

07:55 Analyzing Deals in Today’s Market

11:22 Multifamily Deals Gone Wrong

24:53 How to Fund Your First Deal

32:00 Building Your Buy Box

41:04 Assembling a High-Performing Team

48:49 CRUCIAL Multifamily Buying Tips

56:03 Connect with Andrew!