3 Steps to Buying Your First (or Next) Small Multifamily Property
3 Steps to Buying Your First (or Next) Small Multifamily Property  
Podcast: BiggerPockets Real Estate Podcast
Published On: Thu Aug 01 2024
Description: Small multifamily real estate investing could be your quickest path to financial freedom. These properties, from duplexes to quadplexes, typically offer higher cash flow and scaling opportunities than traditional single-family rentals, with less competition. After a decade in the game, it's still Dave Meyer's top investment strategy. Wondering how to get started? This episode lays out three beginner-friendly steps to dive into small multifamily investing. Anyone can break into this financial freedom-enabling asset class—even without prior experience. We'll explore why small multifamily rentals are the ideal entry point for new investors and tackle the biggest hurdles to landing your first deal. We don't just talk theory; we'll take you inside a real small multifamily property on the market. Stick around as we show you how to use the BiggerPockets Rental Property Calculator to analyze this live example, giving you the tools to run the numbers on ANY small multifamily property you come across. Whether it's your first or next rental, small multifamily properties might be your best wealth-building move yet. By the end of this episode, you'll be equipped with everything you need to start investing confidently. Ready to build your financial freedom? Become a BiggerPockets Pro today! Click here to sign up and use code "PMULTI24" for an exclusive discount! In This Episode We Cover How to buy your first or next small multifamily property in three simple steps  Why small multifamily is the ultimate "hack" for fast financial freedom  Strategies to find profitable multifamily rentals in your investing area  Analyzing rental properties in minutes with the BiggerPockets Rental Property Calculator  How to find an investor-friendly lender for your next multifamily investment  The one tool expert investors use to build their real estate portfolios faster  And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-no-number-4 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices