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?
David:
This is the BiggerPockets Podcast show 661.
Matt:
Also, finally understand that fear is going to be a real factor for no matter what in the market is. There’s never going to be this no problem market, that there’s nothing in your way and it’s completely clear, and there’s no competition, and the deals are cheap, and the money’s free, and whatnot. That’s utopia real estate. Not going to happen. Don’t wait for utopia real estate to happen. Just find a way to make deals work today and be conservative enough that the deals will work out. If you hold long enough and you do the correct business plan, as Andrew said, it will eventually profit…