Multifamily real estate investing can be scary for a new investor. After all, buying more units requires more money, more resources, and a bigger team. But today’s guest is here to show you that multifamily investing isn’t as intimidating as it seems and why NOW is the perfect time to get started!

Welcome to the Real Estate Rookie Podcast! In this episode, Andrew Cushman gives a masterclass in multifamily real estate. Andrew started flipping homes for profit, but realized he was missing the consistent cash flow and long-term appreciation of buy-and-hold properties. So he dove 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 shares 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 ideal buy box. Finally, you’ll need the right people around you to tackle multifamily real estate. Andrew shows you how to build your team and how to pitch a property for the long term to potential investors!

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Join the Real Estate Rookie Facebook group:
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Find an investor-friendly agent in your area:
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Finding investor-friendly lenders:
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Get your copy of David Greene's book, "Long-Distance Real Estate Investing":
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Is This Deal Worth Investigating? The 6 Crucial Steps to Investigating a Multifamily Deal with Andrew Cushman:
https://www.biggerpockets.com/blog/biggerpockets-podcast-571?utm_source=youtube&utm_medium=description&utm_campaign=none
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The 8 Steps to Avoid Getting Ripped Off in Multifamily Real Estate Transactions with Andrew Cushman:
https://www.biggerpockets.com/blog/real-estate-586?utm_source=youtube&utm_medium=description&utm_campaign=none
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Why Self Storage is Better Than Rental Properties with AJ Osborne:
https://www.biggerpockets.com/blog/rookie-340?utm_source=youtube&utm_medium=description&utm_campaign=none
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Resources to help you create your Buy Box:
JCHS: https://www.jchs.harvard.edu/son-2023-migration-map
ESRI: https://www.esri.com/fr-fr/home
FEMA: https://www.fema.gov/flood-maps
BLS: https://www.bls.gov/
Rich Blocks Poor Blocks: https://www.richblockspoorblocks.com/
Bright Investor: https://brightinvestor.com/
Neighborhood Scout: https://www.neighborhoodscout.com/
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Contact Andrew:
BiggerPockets: https://www.biggerpockets.com/users/andrewc58?utm_source=youtube&utm_medium=description&utm_campaign=none
LinkedIn: https://www.linkedin.com/in/andrew-cushman-959471a
Vantage Point Acquisitions: https://www.vpacq.com/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://link.chtbl.com/Rookie

00:00 Introduction

01:50 Should You Buy a Multi-Family Building NOW?

04:14 Costly Mistakes in Multi-Unit Investing

07:55 Analysis of transactions in the current market

11:22 Multifamily Deals Gone Bad

24:53 How to finance your first transaction

32:00 Building your Buy Box

41:04 Building a high-performance team

48:49 Crucial Tips for Buying a Multi-Family Home

56:03 Connect with Andrew!

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