The Beginner’s Guide to Small Multifamily Real Estate Investing

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hey everyone and welcome today’s Bigger Pockets webinar how to buy small multifam properties my name is Dave Meyer and today I’m going to share with you my 14 plus years of experience investing in small multif family real estate to help you Achieve Financial Freedom through what is probably my favorite asset classes and today when we talk about small multif family what I’m referring to specifically is duplexes triplexes and fourplexes so basically anything between two and four units I’ll explain why that is in just a second but first let’s talk about today’s broader agenda what we’re going to do today first and foremost is explore a proven repeatable three-step process for finding financing and analyzing your first or your next small multif family property and it really can be this simple just three easy steps as you’re going to see throughout the webinar today secondly we’re going to identify and overcome the most common obstacles that prevent investors from purchasing their first property and achieving their financial goals because realistically there are obstacles in real estate investing but once you sort of name them and get them out in the open you can easily navigate around those obstacles and then lastly I’m going to give you a live onscreen demonstration of some tools and resources that I personally use and that are going to help you streamline this entire process of buying these types of prodct properties it’s going to make it more efficient and accessible than really I bet you ever thought possible and I think these tools which again I use almost every single day are going to help you get to that next deal also in addition I have a super special invitation for you today later on in this episode I’m going to be extending a special offer for some of the tools Education and Training Bigger Pockets offers and because Bigger Pockets we basically value your time and we want to thank you for listen listening to this episode today and as such we’re going to offer a special 20% off discount on Bigger Pockets Pro and if you want to get to it just go to biggerpockets.com slpro and enter the code y multi4 for 20% off of pro subscription that’s the letter Y like YouTube y multi m l TI numbers 24 and that’s going to get you 20% off the pro subscription and there are even more freebies for you waiting at the end of this episode so stick around hang out with me learn more about multif family we’ll talk about all those in a bit so just to get back to today’s agenda just want to make sure everyone’s in the right place by the end of this webinar you will be on track to buy your first or your next small multif family property and I I guess maybe like you might find out that buying small multi family is not for you and that’s okay but if you’re into real estate if you’re into Financial Freedom and you want this by the end of this webinar you can be on track for that first or your next deal so that’s sort of the Tactical stuff we’re going to go through but let’s take a minute to set the scene and talk about the real reason that we’re all here in the first place and if you’re attending this training you likely understand the impact of owning investment properties and what that can mean for your financial future and those of your loved ones the passive income that comes from real estate investing can last a lifetime the cash flow that you can get coming in month over month like clockwork can honestly ease a lot of financial anxiety I know it does for me and these things like the cash flow the equity that you can build this this Financial Freedom those things are really nice but they’re sort of a means to an end right like you want cash flow of course these are sort of tools in your tool belt but what you actually want is probably something bigger or something more meaningful and it’s different for everyone but at least for the people I know who are into real estates it’s something like Financial Independence that means living life on your terms and getting to spend your time how you want or creating generational wealth that’s going to create this lasting Financial Legacy for you and your family or maybe it’s this financial Fortress that makes sure that no matter what happens in the economy or whatever else happens in your life that nothing can penetrate it or destroy your financial situation but whatever it is you can find Financial Freedom one proper proper at a time and that’s what we’re going to get to today and I want you all to think about this just for a minute before we get into the the three-step processes like imagine for a minute what it would feel like to be able to take into your own hands creating a brighter financial future so what would that future look like it could change everything right this can take you from where you are today which I hope is in a decent financial position but put you in a position where you really don’t have to worry about your finances well in to the Future and your retirement could be secured the road to Financial Freedom starts with your first property or your next one if you already got one but the road to Financial Freedom is steadily buying these properties one at a time and it really isn’t that hard so the question becomes if this is so obvious and so great like why isn’t everyone doing this well there are some common reservations that I enounter from newer investors all the time so let’s walk through a couple of those reservations and just talk about them get them out in the open first and foremost not enough money this is probably the most common thing that we have hear about that you don’t have enough money to start but the truth is that you can take actionable steps right now to build your savings and when you find the right deal securing funding is actually a bit more achievable than most people think and we’re going to talk about that a lot today or maybe you’re worried about losing everything on the wrong deal and that can happen there is a small chance that you can lose everything because there is risk in real estate investing like there’s risk in every type of investment but if you follow a proven approach and use the right tools you can actually greatly minimize that risk and increase your chances of success and we’ll talk about that more in a minute and I want you guys to know that when we when I talk about these reservations like I know how you feel I’ve been doing this for a long time so I’m not as nervous about these but when I first started investing I faced very similar doubts I was super worried when I bought my first deal I didn’t actually know where I was going to get the money when I was doing it so I had a lot of these reservations but I was able to do it because I just understood a couple things and basically that happened through trial and error first you need the right tools second you need the right education and third you need to surround yourself with the right people and if you’re able to do each of these three things you will be able to get on that path to the next property now I am telling you this because I actually lived it if you guys don’t know me my name is Dave Meyer I have been investing in real estate for more than 14 years but actually the first six years were really a grind I was just making stuff up basically I really had no idea what I was doing but once I figured out all I needed were the right tools the right education and the right people my business really took off and I have built a real estate portfolio that has hit pretty much all of my financial goals and yes I do still work at Bigger Pockets because I have a great job I get to host a podcast write books help investors like you but I am financially independent because I was able to sort of systematize my business through the right tools through the right education and through knowing the right people and lucky for you you guys don’t actually have to do all the trial and error I did you can just use Bigger Pockets there’s so many tools there’s a great Community there’s tons of resources for you to use you scale faster than I did because you get to use them from the start you don’t have to bumble around like me for the first 6 years now my story about using Bigger Pockets to scale is great but it’s not unique at all I just found this post in the Bigger Pockets forums from Jason Elly who said he started investing three and a half years ago and now his cash flow has replaced his living expenses so he could quit his six figure Finance career to do real estate investing full-time and what Jason and I have done is really not unique you can go on the Bigger Pockets forums you can find this in a ton of different places there now Jason and I and a lot of other people use Bigger Pockets but we’ve also discovered a little bit of a hack and that is small multif family investing it’s kind of this perfect Sweet Spot in investing that I love and the great part about it is because they’re sort of bigger properties you don’t actually need that many of them to get on that path toward Financial Freedom actually what you need need is just a couple of well chosen properties that can eventually replace your income and build wealth so you can live life on your terms and going back to that formula that I was just talking about knowledge tools and network you can actually get to that next property and you can select these few great multif family deals a lot faster than you will think and guys just just know that this is not some far off gold that you’re never going to hit like what the stuff I’m talking about today is sort of immediately achievable and you can actually get started today and have a property under contract or in your possession in the next couple of months and today I’m going to prove it to you now it will take a little bit of work you know real estate is much more passive than your job is going to be but you have to put in effort but remember this is not you inventing something new I today am going to show you a well proven path that tens of thousands of other investors have followed to build the wealth that you’re seeking with that let’s dive in so the first thing we’re going to talk about here is just Why small multif family in the first place because I sort of alluded to the fact that it’s this hack and there are four major reasons small multif family is so great first and foremost is cash flow multif family buildings by Design are designed for cash flow right the only reason you build a multif family property is for an investor to own it while some homeowners do own a duplex or Triplex they’re basically designed to be some Investor’s dream not someone’s dream home so that makes it a lot easier to cash flow with these deals the second thing is residential financing and this is why when we talk about small multif family we only talk about four units or fewer because if you go above four units lenders will see that as a commercial property and you’ll have to get a commercial loan which is very complicated usually more expensive and if you’re just getting started you definitely don’t want that so that’s why we recommend you focus on four units or fewer you can put less money down you’ll probably get a better interest rate and there are a lot of benefits of residential financing the third is less competition most people who are buying single family homes are homeowners and they buy on a motion then when you talk about a lot of investors they’re mostly big institutional investors that are going to be looking for those 20 unit deals 100 unit deals 500 unit deals that means that there’s this kind of sweet spot for small to mediumsized investors like you and me and that is small multif family it means you can get better deals and then the last one is house hacking this is sort of just a subset of the entire small multif family strategy but if you are able to occupy live in one unit and rent out the others it is an incredible strategy for getting started in real estate I know hundreds of other people have done it this is how I got my start in real estate actually my first deal was a small multif family here it is I bought this 4unit complex in Denver and before I uh recently sold it it was Cash flowing 2,200 bucks a month my second deal in Denver which I still own is a small multif family three units in Denver providing 2500 bucks a month in cash flow and actually my most recent active deal that I did was also a small multif family I think just this past weekend I analyzed for small multifamilies I love this asset class because it is so achiev able and really makes building that portfolio step by step easier than I think any other asset classes so let’s talk about the three steps to buying your first small multif family deal because hopefully you’re sold on this asset class by now and we’re going to get you one so the three steps are this Step One is finding deals step two is analyzing deals and step three is financing those deals it’s not exactly physics or rocket science like anything like this and yes real estate has challenges but it is not complicated this is stuff anyone with the right motivation and the right work ethic can do so let’s jump in and just talk about step one here finding deals our surveys here at Bigger Pockets found that finding deals was actually the second biggest perceived challenge to investing in real estate only behind funding which we’re going to talk about in a few minutes and note that I said perceived challenge because finding deals is not something to be overwhelmed by here are three strategies that you can use one you can drive for dollars that’s basically going around and identifying properties that you want to buy you can do a similar strategy with direct mail just mailing out marketing materials to owners and both of those two strategies you’re basically trying to find someone who hasn’t yet listed their property but might be open to selling to you and because you contacted them first they might be willing to sell to you and you can get a great deal you can also look at other off-market deals on Craigslist or Facebook so feel free to use any of these strategies if you want but do you want to know my personal favorite strategy for finding deals well it’s pretty easy you just work with an investor friendly agent and I know there are a lot of complicated strategies but you could just go find a good agent and they will send you deals the duplex I bought a couple of weeks ago was on market and I found it because of my agent just in the last couple of days my agent sent me four different off-market deals that I have been analyzing and actually might make an offer on one of them sometime during this week so it doesn’t have to be super complicated you can just find a good agent and have them send you deals now if you’re wondering how do I find an agent with a knowledge to help an investor that could be super easy whether you’re in a out of state or you just want to invest in your local market you can get matched with an investor friendly agent by going to biggerpockets.com SL agent we have this tool it’s called the agent finder it makes it super easy to tap into our trusted network of investor-friendly Agents you basically put in a couple of uh data points about yourself like what your budget is when you’re looking to buy and within like 2 minutes you’re going to get a free match with an agent who really understands the mentality of an investor and understands duplexes triplexes those small multifamilies so that is probably the easiest way you can go find deals is just to get a great agent all right now that you have a time friendly strategy for finding deals let’s move on to step two which is analyzing deals and I actually think analyzing deals I’m biased because I wrote a book about analyzing deals but I actually believe that analyzing deals is the most important skill in real estate investing and that’s because no matter what your deal finding strategy is you’re going to need to analyze tons of deals even if you have the best agent in the world they’re probably going to send you 10 20 30 different deals that you’re going to need to actually run the numbers on before you can find one that makes sense for you you’re going to have a lot of leads coming in regardless of your strategy and you need to find the one that makes sense for you right not only do you need to find the best deal but you also need to know which deals to avoid so you don’t wind up getting yourself into a bad situation and I know for people who have never analyzed a deal before maybe don’t like math that much the term deal analysis can feel a bit intimidating but I promise you it does not have to be hard actually I’m going to show you how incredibly easy it is to run a deal in maybe 10 minutes or less using the Bigger Pockets rental property calculator okay so I found this deal earlier today it is in Green Bay Wisconsin I picked Green Bay just cuz I saw some list recently that said it was highest quality of life or best place to live something like that I thought let’s look for a deal what I found was a duplex two identical units so you can see here they’re both about 1,200 Square ft and each side is two bed one bath and the seller is projecting the rent at 2400 bucks a month and it’s listed for sale at 180,000 okay and if you haven’t done this before you want to follow along you just go up here to tools and go to rental property um and then I’ll just show you view my reports you can keep track of them I use this stuff all the time you can see that I’m constantly looking at different deals here but now I’m just going to hit start a new report the first thing that we’re going to do here is just I’m going to go back to our deal and just copy and paste the address here we’re going to go here and just copy and paste this it’s going to pull in some information you can see the calculator’s thinking here and it’s importing the data and then I’m going to add a photo um I just am more visual I when I’m analyzing a lot of deals and like I said you’re going to need to do 10 or 20 before you find that right deal I just find it easier to remember them with a little photo so I’m going to add this picture here next we’re going to go on to purchase information which was 179,000 oops $900 and our closing costs are going to be 5,000 bucks now if you’ve never bought a deal you’re probably wondering where did that $5,000 come from well I’ve bought a lot of deals and I know that’s about what I average but if you ever get stuck on the Bigger Pockets calculator just go over to here where they have these help little buttons and hit that and you can see that the average is 1 to 2% or if you’re insure use 1 and a half% of the purchase price that’s a good number to begin with so that is how I figured out my closing cost now if you want to rehab your property you can click this button and put in an after repair value and repair cost but this is a pretty nice property so I’m not anticipating rehabbing it so I’m just going to move right along to our loan details now loans because I’m an investor and I would be buying this property out of state I have to put 25% down that’s the most common when you’re not owner occupying it if you are going to do a house hack you could put 10 or 10 10 or 20% down but for me since we’re analyzing this deal and I’m going to give you my example we’re going to use 25% and I’m going to use my interest rate of 6.75% which is what I was quoted most recently points charged I’m going to put zero because I’m putting that 25% down and then loan term is going to be 30 years because I personally love long-term fixed debt all right we are flying through this guys hopefully you can see that there are five steps in analyzing the deal and we’ve already done three of them we’re done with property info purchase and Loan details now we do rent income so I’m going to pop over to this tool to get a rent estimate here and all you need to do here guys is again go to tools scroll down here to rent estimator I put in the information and I went to see and make sure that this is correct that it is TW bed one bath and what you can see here is that the median rent here is actually about 1,250 bucks a month and the calculator is confident one of the things I love here is like if you’re in a really rural area you might not find a lot of rent comps and the calculator will actually tell you you know what we don’t know if this is a good deal or not or we don’t have good comps but they’re confident um and you can actually go and look at all the different comps here if you want to check them out for yourself so I’m going to now assume that we’re going to have $1,250 of rent per side so remember that when we go and put it back in the calculator we’re going to use 2500 so we saw that it was 1250 per side so I’m going to put in 2500 cuz remember that’s a duplex and we’re just going to move on to our last step which is expenses so our first expenses are going to be what are known as fixed expenses property taxes Insurance these are things that you know for at least for that year what they’re going to cost property taxes for this property are going to be about 1,200 bucks and for our insurance we’re going to pay about a th000 again you can get some help estimating these things but I honestly just recommend Googling them if you don’t already know once we move past our fixed expenses we go on to what are known as variable expenses which are things like repairs and maintenance vacancies and capex now repairs and maintenance I like to put around 8% vacancy I also put 8% and for capex I’m going to put 5% cuz it’s a little bit newer now if you don’t know what capex means it’s kind of like repairs but it’s actually bigger things like a roof or a HVAC system or making improvements to the property but since again this is a pretty modern updated building I’m going to keep my repair and capex expense estimates on the low side then I’m going to move on to management fees which as an out of-state investor I typically pay about 8% so I’m going to put that there and then what I love about small multifamilies or one thing you should look out for with small multifamilies is whether you can meter the utilities separately I always look for deals where the tenants pay their own electricity and gas because I just don’t want to be involved in that if you can’t that’s fine you can charge through you can pay the you know utilities yourself then basically just charge the tenants for it but I really like it think it simplifies the analysis it simplifies your operations if you just find these things that are metered separately so you don’t pay electricity gash water sewer you usually pay garbage it’s like 25 bucks a month and that’s it guys we’re done we just analyzed a deal I was explaining thing as we went I was talking a lot and it probably took me less than 5 minutes to do and so in just 5 minutes what you can see is this is actually an exceptional deal not every deal you look at is going to be this good everyone just want to point that out I honestly didn’t analyze this deal ahead of time but 700 bucks a month cash flow and it’s 177% Roi is really really high so if if this you know if I was in the green by market this is probably a deal I would be looking to buy immediately but one of the cool things about the calculator is to you can go through here and double check your assumption so like maybe let’s just say I can’t get a 6.8% uh mortgage and actually this week it’s up to 7.1% okay well it’s still a good cash flow and it’s still a good cash on cash return or maybe when I go and contact my property manager they’re like Dave yeah you know 2500 is stretching it we feel more comfortable if you want to be conservative underwriting this deal maybe let’s just say 2250 as a deal okay well because this calculator is so easy to use I can see hey even if I miss by 10% on my rent s estimates and my and my mortgage quote comes in higher I’m still getting a phenomenal 11.6% cash on cash return making almost 500 bucks a month so hopefully you can see if you can find a deal like this you can see that it doesn’t take that many properties to be able to find Financial Freedom and I just want to caution not every deal you analyze is going to be good like this one you might have to do 10 20 30 deals honestly I look for cash on cash return for 5% or better so I would take this deal all day but it is not to be expected that you’re going to have something this high all the time now when you look at the calculator you can also scroll down and see some of the further out metrics like your annualized return shows that if you held this property for 10 years you’d earn an average of 133% that’s way better than the stock market and your profit would be over $114,000 so that’s it guys you can see now the importance of ease of analyzing deals you can find good deals like this one you can eliminate bad deals before we jump back to the presentation just want to show you one more thing if you hit this little share button here and then you hit enable share reporting and then download PDF you get this super cool professional looking deal analysis sheet that breaks everything down that I just showed you in that analysis in a super simple way so if you want to attract a partner you know get your spouse on board or perhaps talk to a lender about a particular deal if you bring them this analysis and show them that you understand a good deal you’ve done thorough due diligence you know how to analyze a deal correctly that is going to really help bring people on board so make sure to use this little share feature uh from the Bigger Pockets calculators all right so that was it guys hopefully you could see that deal analysis is something you just learned a lot about and that you can start working on right now you can use this really easy software to make sure that when you’re analyzing a lot of deals all 20 30 deals you need to find a good one that you’re able to do it quickly and accurately and I just want to make sure that you guys know that again I’ve said this a few times but I just want to reiterate that you have to put reps in it’s not going to be easy on the first one it’s going to take you a little bit longer but if you keep doing this 10 20 30 50 times you’re going to get really good at deal analysis and you’re going to be able to spot a good deal quickly and get rid of all those bad deals quickly so you don’t waste time on them all right so in our three-step process we’ve now done two of them we’ve talked about finding deals you now know how to analyze deals quickly so let’s get to the final piece of the puzzle which is funding deals now there are a lot of ways to fund a real estate deal you can get a conventional loan you can get a hard money loan private loan Partnerships so much more there are a ton of different ways that you can Finance deals it actually can be a little bit overwhelming but for most Real Estate Investors you can use an FHA and conventional loan that’s just like basically going and getting a mortgage and for small multi familyes that works really well you can also use a partnership if you want to bring in someone else to finance it or you can even get the seller in some instances to finance your deal for you which is something called seller financing and there are plenty of good ways but we’ve actually found according to our surveys that funding is the number one challenge in buying real estate and you might be sitting there thinking yeah obviously that’s the number one challenge I don’t have enough money for a down payment I don’t know the first thing about finding funding but here’s the truth and I think this is something that a lot of early investors Miss is that when you find the right property and you have the right Network Funding deals is not really that stressful and it actually be becomes kind of easy now let that sync in for a second when you know how to find and analyze deals financing gets easier and there’s a key that why financing is the third step in our goal because imagine you went to a lender and said hey will you lend to me on an investment property they’re going to be like okay what deal are you going to be buying and if you don’t have a good deal lined up it’s going to be pretty hard to convince them that they should lend to you but if you have followed step one and step two you know how to find good deals and you know how to analyze them then approaching A lender gets so much easier just remember what we talked about just a minute ago right I showed you that if you’re analyzing deals you can print out that cool PDF and now you can show that to a lender and they’re going to see how legit you are that you know how to find good deals and you probably have one lined up already and that’s the reason that you’re coming to them for funding so hopefully you can see now that we go in these steps in a deliberate order because it makes funding easier but you’re probably wondering okay even if I follow those steps how do I find a good lender in the first place well I am glad you asked because it can be very easy with the Bigger Pockets lender Finder right these tools they don’t stop coming Bigger Pockets has it all for you we we have a lender finder to help you find investor-friendly lenders who know exactly the situations you’re getting in they know how to lend on small multif Family Properties just like the agent finder all you have to do is go on put in a bit of information about yourself and you’re going to get matched with an investor friendly lender who’s going to help you get that small multif family deal that you found that you analyze and you’re ready to pull the trigger on so that’s it everyone those are the three steps to buying your first or next small multif family property just a recap we talked about finding deals and how to use investor-friendly agents to do that we talked about how to analyze a bunch of deals to get good at spotting excellent deals you can use the Bigger Pockets calculator for that and lastly we talked about finding funding and third step in the process once you’ve found a deal analyze a deal you can use a tool like the Bigger Pockets lender finder to find that loan so that’s it those are the three steps but I want to sort of circle back to something we talked about earlier in the beginning the presentation I talked about how reservations and obstacles can really slow down your investing career and I want to talk about them again let’s specifically talk about fear because fear can be a powerful obstacle it can prevent you from even starting on your journey in the first place and it can prevent you from making good decisions about how to spend your time and how to spend your money and I totally get it guys there could be afraid of losing your money and that is scary when you’re new to investing you could be fearful about not being able to secure financing even if you find a great deal and you may be worried about impostor syndrome and that you don’t actually have the right skills or the right knowledge to succeed as an investor so I’m throwing up this slide one more time guys because I just want to reiterate this that I have been in your shoes these are very reasonable fears and if you’re experiencing them you’re not alone these concerns are common among all new investors and I face them myself when I got started I understand that if you are new to real estate investing and you’ve never been to a webinar like this that real estate investing can feel a bit like jumping off a cliff but don’t worry that is not actually what it’s like it’s actually more like this it’s like walking a path with your friends and it’s walking a path with people who have walked on that path before so I’m going to stick with this metaphor for just a minute when you go on a hike right what do you bring with you well I personally love hiking what I do is I bring experienced companions people who know what they’re doing I wouldn’t just wander out into the woods for the first time alone I also bring the right tools like a good backpack the right shoes to make sure that I am properly prepared for the adventure I’m about to go on and lastly I need a plan usually that involves which Trail you’re going on or a map you don’t just set up out into the Wilderness and see where you end up you kind of have a plan and a path real estate investing is basically the same thing right you need experien compan opinion you need the right tools and you need a plan on how you’re going to succeed now lucky for you Bigger Pockets has all of that and Bigger Pockets exists to empower you to live the life you want on your terms through real estate investing specifically we provide the tools training and Community need to find fund and analyze the real estate deals that are going to get you to Financial Freedom I’m not just saying this guys I I I do work for Bigger Pockets I admit but there are three million investors who have joined Bigger Pockets and who are already using the tools that we’ve created to fuel their financial dreams real estate investing works I I’ve I’ve literally myself seen it work for tens of thousands of people and if you feel inspired to start your journey today we are here to support you every step of the way so with your permission I’d like to take a couple minutes for that special invitation offer I talked about earlier to upgrade your real estate investing game with Bigger Pockets Pro Bigger Pockets Pro is your One-Stop shop to start scale and manage your entire portfolio it basically has everything you need to succeed in real estate investing whether that’s tools content education Community Services it’s all here you’re going to get the calculator leases all this other stuff that we’ve talked about but most importantly Bigger Pockets Pro is just makes things simple everything that you need to succeed as an investor is going to be in one place and you’re probably wondering how can one subscription actually provide all those different things let me show you first and foremost picker Pockets gives you the best deal analysis in the game and deal analysis kind of my thing as you can probably see behind me I wrote a book on it but I actually use these calculators all the time when I’m looking for deals sometimes I just use them for fun because I like understanding what’s going on in my local market you will get that as a Bigger Pockets Pro member you’ll also get direct contact with some of the most experienced pros and mentors in the business through Bigger Pockets boot camps it is so incredibly valuable to learn from people who have been in your shoes and have done what you are trying to do and the boot camps are one of the best ways you can possibly do that and you need to be a Bigger Pockets Pro member to get them next you get the badge in the forums and I know this sounds silly but it is one of the most underrated perks of being a pro is to show people that you’re serious and to get sort of into the serious side of the Bigger Pockets Community if you are a pro member your Forum responses are going to get answered more quickly people are going to be more eager to partner with you and to help you we also have all sorts of Partnerships that are going to fulfill pretty much every need you have you need Property Management well we got it from rent ready everyone else pays for that but Bigger Pockets Pros they get rent ready for free what about portfolio monitoring also free you get that from stessa you need leases do you need legal documents you get that for free as a Bigger Pockets Pro so if you have any interest in investing in real estate now now or in the future it’s going to cost you more just to create one lease than Bigger Pockets Pro is for an entire year super helpful so here’s how Bigger Pockets Pro supports you first and foremost you’re going to get Ace analysis to build cash flow with confidence and get that next deal next you’re going to shorten the learning curve with exclusive live webinars and experts and 50% off your investing boot camps next you’re going to be able to supercharge your network by excl inclusive community forms for pro members and that Pro profile badge and you’re going to build this sort of Command Center for your entire rental property portfolio through property management software portfolio monitoring and all the leases and legal documents that you’re ever going to need and another really good benefit I just want to mention I’m no CPA but talk to your CPA because for many pro is actually tax deductible which makes it an even better deal now I’m obviously pretty excited about Bigger Pockets Pro cuz I get to use it all the time but but take it from other Pros just as an example Aaron C said that there is no way he could analyze the volume of properties he could without being a pro member and remember how important it is to get those reps in and analyze a lot of deals Pro makes that happen what about Beth she said that it is the foundation of her real estate investing Endeavor provides all sorts of valuable tools connected her to agents everything that she needs you can see I can go on and on and on there are tons there are tens T of thousands of pro members who are using these tools to succeed in real estate investing and you can do the same so the question is how much is Bigger Pockets Pro well if you bought all of the individual components and added it all up it would be $5,000 and honestly that’s worth it if you’re pursuing Financial Freedom I’d pay 5,000 to earn Financial Freedom but that is a really big investment but at Bigger Pockets that’s not what we’re all about we’re about making this information these tools accessible to you which is why we charge just $468 per year if you pay monthly but I’m going to do you one better because if you actually go pro annual you save some money and only pay $390 per year but I told you I had a special offer for you and I am going to follow through on that and offer everyone here watching this webinar today 20% off our Pro annual deal and that means that you can get started with Pro for just 300 $12 if you pay Upfront for the full year that’s $156 in savings now we are feeling extra generous here at Bigger Pockets and we are going to offer you a couple of additional bonuses if you go pro in the next day or two so what you’re going to get is the show me the money starter pack this is for anyone who’s worrying about how they’re going to fund their first deal well we’re going to give you an ebook on eliminating debt and repairing credit we’ll give you a bulletproof wealth plan to build your pillars of wealth and a 9-hour workshop on no and low money down investing that’s worth almost 500 bucks we’re also going to give you the demystifying the housing market bundle I know a lot of people are worried about what’s going on in the market so we’re going to give you a how to invest in changing economy guide I will also provide a video on investing in an uncertain economy and you can download my I wrote this the state of real estate investing report for 2024 that is over $500 of value and then the last one which I have to admit is my personal favorite I get to give away my book real estate by the Numbers it’s by me and J Scott and it comes with all of these different bonuses that I’ve created like Excel files different videos so you can truly become a master of analyzing deals if you added all that up on its own it’d be over 200 bucks but you’re going to get the book and all those bonuses for free because I want you guys to become really great at analyzing deals that is the key to long-term success in real estate investing now if you are excited about this and you want to jump in but you’re a little worried or on the fence don’t worry you can actually try Bigger Pockets Pro risk-free with our 30-day money back guarantee we honestly truly only want people to go pro if they’re going to use it so go ahead try it out if you don’t love it and within 30 days we’ll give you your money back no questions asked so those are the special bonus gifts Bigger Pockets wants you all to have so if you want the the tools Community the education that are going to help you get to that next deal faster join Bigger Pockets Pro today and again you can take advantage of this special $312 discount if you use the code I gave you before it’s y multi 24 that’s the letter y m ti24 and you go to biggerpockets.com proo to use it that is all I have for you guys today I hope you enjoyed this webinar I hope you are as excited as I am about the potential for Financial Freedom and personal growth that comes with small multifam investing again if you want to accelerate your path to It Go Pro today at biggerpockets.com proo if you have any questions or thoughts about this webinar you can always find me on Bigger Pockets happy to answer any of them there again my name’s Dave Meyer and thanks again for watching [Music] a [Music]

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