BiggerPockets Real Estate Podcast
Business:Investing
Small multifamily properties are one of the EASIEST ways to get into real estate investing. But, your market may be a little too pricey or lack the supply for you to invest in these “slam dunk” deals. So, where do you go? We’ve got two elite agents from the South and Midwest that can help YOU get your next killer deal in metro areas that are seeing STRONG demand, renter growth, and rising rents.
To tell us about Chicago, the “we don’t actually love deep dish” city, is Dan Nelson. Dan was recently able to access a “private listing” that was severely underpriced. He brought this deal to a rookie client of his, who ended up making a MASSIVE amount of equity on closing. We’ll also chat with Jodi Gauthier, a Houston-based agent who secured a very lucrative seller-financed deal for her client, who couldn’t get a mortgage anywhere else.
You might think these deals are too good to be true, ESPECIALLY in 2023’s housing market. But, we’re here to prove that as long as you’re in the right market, running the right numbers, with the right agent, you too can lock down these “slam dunk” small multifamily deals.
In This Episode We Cover:
Two housing markets with “slam dunk” small multifamily opportunities
Metrics to watch BEFORE you invest in a market and how to know your home will appreciate
What to do when you CAN’T find cash flow in your area (and whether or not cash flow is worth it)
Seller financing and how to buy properties when you can’t get approved for a loan
Questions to ask your agent to see whether or not they TRULY know what they’re doing
And So Much More!
Links from the Show
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Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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Davids's BiggerPockets Profile
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Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
Hear Our Last “Elite Agent” Show
Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat
Book Mentioned in the Show
Long-Distance Real Estate Investing by David Greene
Connect with Dan:
Dan's BiggerPockets Profile
Dan's Facebook
Dan's Instagram
Dan's LinkedIn
Dan's TikTok
Dan's Website
Connect with Jodi:
Jodi's BiggerPockets Profile
Jodi's Facebook
Jodi's Instagram
Jodi's LinkedIn
Jodi's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-817
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919: How to Use Real Estate to Quit the 9-5 Grind
918: Creating Their Own Demand By Ditching the "Cookie-Cutter Flips" w/George and Heather Bassett
917: Seeing Greene: Can I Escape the Rat Race with Just $70K?
916: Crucial Contractor Tips to Avoid Renovation Disaster w/‘Rico to the Rescue’
How to Get an Off-Market Seller on YOUR Side (+Most Common Objections) W/DealMachine
915: BiggerNews: Why Mortgage Rates AREN’T Falling w/Caeli Ridge
914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914:
913: 150+ Deals in 3 Years and Why You DON’T Want to Be a Landlord w/Don'nell Greer
912: Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity
911: The “Value-Add” Playbook: How to Boost Equity and Bring in MORE Cash Flow
910: Zillow’s “Trends Expert” on How to Sell Your Home Faster (and For More!) w/Amanda Pendleton
909: 6 Expert Tips for Out-of-State Real Estate Investing
908: $400,000/Year From One Unique Rental Property w/Amanda and David Fornelli
907: Seeing Greene: $100K In Equity But NO Cash Flow, Should I Sell?
906: How to Become a Millionaire Through Real Estate Investing (Beginners!)
905: Fannie Mae: Multifamily Is STILL Undersupplied, Rent Growth Likely w/Kim Betancourt
904: Does the BRRRR Method Still Work in 2024?
903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson
902: Seeing Greene: Investing WITHOUT Burning Out and What We’d Do With $1M
901: The 6 Beginner Steps to Take Before Investing in Real Estate
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