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!
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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
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Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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Find a BiggerPockets Real Estate Meetup in Your Area
Grab the Small Multifamily Slides and Worksheet:
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Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:
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
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