How These New Real Estate Investors Bought 23 Multifamily Units In 1 Year
In this video, Tony Stephan interviews his coaching clients Hugo and Joe who have bought 23 multifamily apartment units in their first year of real estate investing using the BRRRR method. This video is to inspire and help anyone get in the multifamily real estate game.
Be sure to watch to the very end to get the answers to the following questions:
Financial Questions * How much money do I need for a down payment? * Can I qualify for a loan for a multifamily property? * Whatโs the difference between residential and commercial loans? * How do I evaluate if the property is a good investment? * What are common financing options (e.g., FHA, conventional, DSCR loans)? * What hidden costs should I expect (repairs, insurance, property management)? * How do I estimate cash flow and ROI? * What is a cap rate, and how is it calculated? * What tax benefits come with owning an apartment complex?
Property Evaluation Questions * What should I look for during property inspections? * How do I know if the area is a good market for rentals? * What makes a good or bad apartment complex investment? * How many units should I start with? * Whatโs the difference between Class A, B, C, and D properties? * Should I buy a turnkey property or a value-add opportunity?
Legal and Compliance Questions * Do I need an LLC or other business structure? * What are my responsibilities as a landlord? * What local landlord-tenant laws should I know? * Do I need special insurance for an apartment complex? * Are there zoning or occupancy restrictions?
Property Management Questions * Should I self-manage or hire a property manager? * How do I find good tenants? * What software/tools should I use for managing rent and maintenance? * How do I handle tenant issues like non-payment or damage?
Risk and Exit Strategy Questions * What are the biggest risks of owning an apartment complex? * How do I protect myself from lawsuits? * Whatโs the best exit strategy (sell, refinance, 1031 exchange)?
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Ready to invest in real estate for true time and lifestyle freedom? I have a few easy steps...
Get my real estate investing BRRRR BLUEPRINT (how to BUY, REHAB, RENT, REFINANCE, and REPEAT for an INFINITE return with apartment buildings) https://tony-stephan.com/blueprint/
00:00 - Intro 1:03 - Sharing about operations 3:49 - Why Multifamily 5:21 - We are depreciating assets 6:06 - choosing to ramp up 7:00 - Investor Mentality 8:36 - 11 unit apartment purchase 10:24 Managing from out of state 11:24 - 1000 unit goal 12:16 - Onsite manager 12:35 - Words of advice from Hugo and Joe (get a mentor) 14:12 - Outro
