346: The Multifamily Investing Masterclass: How to Get Started in 2024 w/Andrew Cushman

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!

In This Episode We Cover:

Why NOW is the perfect time to start investing in multifamily real estate

Three ways to fund your first multifamily deal (with other people’s money!)

Multifamily deal analysis and tips for buying in today’s market

The two CRITICAL deal analysis mistakes that investors make

How to assemble a high-performing team for your multifamily business

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile

Ashley's Instagram

Tony's BiggerPockets Profile

Tony's Instagram

Real Estate Rookie Facebook Group

Join BiggerPockets for FREE

Ask Us Your Investing Question

Apply to Be a Guest on the “Real Estate Rookie” Podcast

Grab Your Copy of David Greene’s Book, “Long-Distance Real Estate Investing”

Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal w/ Andrew Cushman

The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/ Andrew Cushman

Why Self-Storage Beats Rental Properties w/ AJ Osborne

Resources to Help You Build Your Buy Box:

JCHS

ESRI

FEMA

BLS

Rich Blocks Poor Blocks

Bright Investor

Neighborhood Scout

Connect with Andrew:

Andrew's BiggerPockets Profile

Andrew's LinkedIn

Vantage Point Acquisitions

 

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-346

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