Beginner Steps to Invest in Today’s “Fearful” Multifamily Market

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=4IOB717Adbc

The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table. • It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights. • They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start? • ~~~~ • Join BiggerPockets for FREE 👇 • https://www.biggerpockets.com/signup?... • ~~~~ • Get Your Tickets to BPCon 2022: • https://www.biggerpockets.com/events?... • ~~~~ • Past Multifamily Episodes with Andrew and Matt: • Screening a Deal: https://www.biggerpockets.com/blog/bi... • Analyzing Multifamily: https://www.biggerpockets.com/blog/re... • Buying in 2022 and Beyond: https://www.biggerpockets.com/blog/re... • How to Find Overlooked Opportunities in a Hot Market: https://www.biggerpockets.com/blog/bp... • ~~~~ • Books Mentioned in Today’s Show: • Long-Distance Real Estate Investing: https://store.biggerpockets.com/produ... • Raising Private Capital: https://store.biggerpockets.com/produ... • ~~~~ • Harvard Joint Center for Housing Studies: • https://www.jchs.harvard.edu/ • ~~~~ • Listing/Broker Sites Mentioned: • Crexi: https://www.crexi.com/ • Loopnet: https://www.loopnet.com/ • Berkadia: https://www.berkadia.com/ : • Cushman and and Wakefield: https://www.cushmanwakefield.com/en/u... • CBRE: https://www.cbre.com/ • Marcus and Milichap: https://www.marcusmillichap.com/ • Colliers: https://www.colliers.com/ • ~~~~ • Connect with Andrew, David, and Matt on BiggerPockets: • Andrew: https://www.biggerpockets.com/users/a... • David: https://www.biggerpockets.com/users/d... • Matt: https://www.biggerpockets.com/users/m... • ~~~~ • Follow David on Instagram: • @davidgreene24 or / davidgreene24 • Episode 661 • Show notes at: https://www.biggerpockets.com/blog/re... • 00:00 Intro • 01:56 Quick Tip • 03:31 Evaluate and Harness Fear • 12:29 Pick a Market • 19:34 Mistakes When Choosing a Market • 23:36 Look at LOTS of Properties • 32:42Build Your Team • 39:08 How Long Should You Spend on a Deal? • 43:51 Build Your Brand • 48:15 Leverage Other People's Money • 51:20 Plan for The Long-Term • 59:26 Recapping The Beginner Steps • #biggerpockets #realestatepodcast #episode661

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