MINISODE Why You Should NOT Invest in Multifamily

Are you thinking about investing in multifamily properties? While there is a lot of money to be made in this type of investing, it may not be right for you. In today’s episode, your hosts Andresa Guidelli and Liz Faircloth share their reasons why you should NOT use your money to invest in multifamily properties. Before you begin your investment journey, Liz explains that you need to set clear and concise money goals. Think about where you want to be in 5, 10 and 15 years from now and set your goals with the understanding that multifamily is a long term asset that takes years to generate passive income. Another factor to consider is the barrier to entry in the multifamily realm. In a hot market, new investors are having a difficult time finding and closing deals. Rather than doing what everyone else is doing, Liz suggests creating unique solutions in other types of real estate like affordable housing.  Tune into this week’s episode of The Real Estate InvestHER Show to learn about alternative ways to start your investing business and why multifamily investing may not be the right choice for you.  Quotes  • “The more doors you own doesn't necessarily mean you're going to make more money.” (06:03-06:06)  • “When you buy multifamily, it means a lot of work and if you don’t do your numbers correctly, they may never cashflow.” (07:55-08:01)  • “Multifamily can be great but it is a long term asset.” (08:18-08:20)  • “Observe what people are doing and do something different.” (10:46-10:49) • “Just because everyone’s investing in multifamily doesn’t mean that's the only thing you can do to make money.” (11:20-11:24)    Your Voice Matters. We appreciate your feedback and would like to hear from you. Click here to answer a few questions about our podcast: https://airtable.com/shr8fJS0a0uHedcza    How To Join the InvestHER Movement   1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via: • Apple Itunes  • Spotify • Amazon Music • Android   • Stitcher    2) The Real Estate InvestHER Membership  Our Membership focuses on three pillars: Real Estate Investing, Business Strategies, and Self-Care. We provide a financial freedom road map for women to create steady recurring income to live life on their own terms. Start today with our FREE membership level.   3) InvestHER Community on Facebook  We have thousands of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    4) InvestHER Meetups Around the Globe  We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!    5) InvestHER™ eXp Team Our mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide.   We have created exclusive content and support for the InvestHER™ eXp Team: *Top skills and strategies to grow YOUR business *How to utilize your “real estate agent” advantage to become a real estate investor *Monthly live masterminds *Become part of Libertas Organization with top coaches, Tim and Julie Harris.   Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.   Follow us on:  Facebook: @therealestateinvesther  Instagram: @therealestateinvesther YouTube: Watch our shows here