cover of episode 61: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben

61: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben

Publish Date: 2014/3/13
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast
Frequently requested episodes will be transcribed first

Shownotes Transcript

    <p>Change is good, right?</p><p>We hope so – because in this episode of the BiggerPockets Podcast, we change a lot of things up and invite you to come sit in the BiggerPockets <em>digital coffee shop</em> and listen in on a fascinating discussion! For the first time, we bring back a previous guest on the BiggerPockets Podcast to move beyond “their story” and dig into the dirty details on a very popular and important topic: multifamily rental properties.</p><p>Today Ben Leybovich, who shared with us his powerful journey almost a year ago on <a href="https://www.biggerpockets.com/blog/2013/04/18/cash-flow-creative-finance-life-ben-leybovich/">episode 14 of the BiggerPockets Podcast</a>, is going to talk with us about what it takes to succeed as a multifamily investor – looking beyond the numbers and truly investing in the right kind of properties.</p><p>As I said- this show is a little different. Rather than just an interview, we decided to make this episode more of a “conversation” between Ben, Josh, and myself – discussing (and often loudly debating) everything from “what kind of properties to buy,” “what kind of location someone should buy in,” and a long debate on one of Brandon’s most recent purchase- the ugly purple triplex.</p><p>Although this is our longest show, at almost two hours in length, I think this is one of the most powerful podcasts we have ever done because it’s totally unfiltered, deep, and raw. Come be a fly on the wall in our “digital coffee shop” and discover everything you ever wanted to know about investing in multifamily rental properties.</p><p>In This Show, We Cover:</p><ul>
  • Managing single family versus multifamily properties
  • Why cash flow is not enough to base your decisions on
  • Brandon’s “Waldo” property: good, bad, or something else? (Leave your opinion on the debate in the comments below!)
  • The Validity (and Problems with) the “Rental Property Rules“
  • The 13 Steps to Analyzing a Multifamily Property
  • How valuation differs between single family and multifamily
  • Dealing with studio or one bedroom apartments
  • Why Ben doesn’t like 2 bathrooms in an apartment
  • Ben tells Josh to “shut up“
  • How to really learn what expenses will be
  • And a lot more!

    •  Links from the Show

    Books Mentioned in the Show

    Tweetable Topics

    • You can put lipstick on a pig all day long – but if you have a pig, you still have a pig. (Tweet This!)
    • We don’t put money into property- we put money into location. (Tweet This!)
    • If you wanna fly – you need to hang with people who fly. (Tweet This!)
    • Stumbling blocks and stepping stones look very much alike. (Tweet This!)
    • Our job as an entrepreneur is to produce cash flow out of thin air. (Tweet This!)

    Connect with Ben

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