How to Find Financial Freedom with Small Multifamily Rentals

Small multifamily investing is one of the fastest ways to reach financial freedom through real estate. With just a few multifamily rental properties, you can create passive income streams that’ll allow you to retire from your W2 job, go full-time into real estate investing, or have enough money to do whatever you want, whenever you want. Don’t think it’s still possible? Dave Meyer, multifamily investor and VP of Data and Analytics at BiggerPockets, may change your mind. 

Dave started investing in real estate by buying a couple of small multifamily rentals within a block of each other. He lived in one of the units while renting out the others, allowing him to live for free and collect some sizable cash flow. Now, years later, Dave is collecting around $5,000 per MONTH from just these two properties. And if you invest in small multifamily rentals, you could experience the same cash flow! 

If you want to invest like the experts and use the tools and calculators from this episode, sign up for BiggerPockets Pro and use code “FAMILYPOD20” for a discount! 

In This Episode We Cover:

How to achieve financial freedom by investing in SMALL multifamily real estate

The four MAJOR benefits small multifamily boasts and why you’ll want to get in NOW

The financial freedom formula and calculating out how much you REALLY need

Financing your small multifamily rentals using loans and creative financing 

How to use the BiggerPockets Rental Property Calculator to calculate cash flow, cash-on-cash return, and long-term profit 

The dangers you MUST look out for before investing in ANY multifamily deal 

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

BiggerPockets Merch

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Rental Property Calculator

Rent Estimator

DealMachine

ListSource

Grab the Small Multifamily Slides and Worksheet:

Slides

Worksheet

Already Pro? Check Out Pro Exclusive Videos!

Sign Up for a BiggerPockets Bootcamp

Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:

BiggerPockets

Apple Podcasts

Spotify

Dave's BiggerPockets Profile

Dave's Instagram

Book Mentioned in the Show:

Real Estate by the Numbers by J Scott & Dave Meyer

The Multifamily Millionaire by Brandon Turner

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices