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This is how to buy a small multifamily rental property the right way. It’s not hard, it’s not complicated, and it’s (arguably) one of the best residential real estate investments to make right now. Why? Safer financing, faster scale, and bigger cash flow. Unlike single-family rentals, small multifamily real estate was designed to make you money, and the returns clearly show that.
So how do you get your first duplex, triplex, or quadplex this year? Today, Dave is walking through each step you need to take.
From finding small multifamily real estate deals to financing them with as little as 3.5% down, running the numbers using a rental property calculator, offering, negotiating, and getting your first rent check, this is how to buy a small multifamily the right way. Dave also shares some clear red flags to avoid and when to walk away from a property even if it fits your buy box.
Ready to build wealth with small multifamily? This is how you do it.
In This Episode We Cover
Why small multifamily rentals (2-4 units) easily beat single-family rentals
The low money down financing you can get on your next multifamily (3.5% down)
Choosing a market with affordable home prices, cash flow, and appreciation
How to negotiate with sellers on more than just price (and get your offer accepted)
Small multifamily red flags to avoid (they could cost you thousands)
Dave’s due diligence checklist to cover before you buy the property
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1332.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
Most investors follow the same path—buy a single-family rental, learn the ropes, and upgrade to small multifamily, slowly snowballing the portfolio. But what if you could take the leap from your first deal, skipping single-family entirely and buying a sizable rental property portfolio on investment #1? If you had no experience, it could change your life overnight—so is it worth it?
We’re back answering real questions from the BiggerPockets Forums, and we’ve got a special guest—Chauncey Pham, the making-six-figures-per-deal investor! First, an investor has enough cash to buy a decent-sized multifamily property. Should they skip single-family rentals and go straight into the big leagues on their first real estate investment? A young investor has $20K saved up but wants to know the best bet so he doesn’t get wiped out on his first rental property play.
Ever told your contractor your renovation budget is $70,000, and they conveniently tell you the work will cost $69,800? After hundreds of renovations, Henry and Chauncey know exactly what to say. Is getting your real estate license worth it, and if you do become an agent, how do you get your first leads and learn the ropes? As a broker, Chauncey knows why agents get caught up from the start.
Ask Your Question on the BiggerPockets Forums!
In This Episode We Cover
The best first rental property? Single-family vs. multifamily rentals
How to start investing with just $20K (and how to get even more money to invest)
Whether or not you should tell a contractor your renovation budget from the start
The single most crucial person to know (and have on your team) when investing in real estate
Why agents fail and the very false expectations people have when getting their license
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1331.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
Kent Long wanted passive income. The problem? All those gurus and guides online were only selling a fantasy. The one thing that seemed to actually generate income: real estate. When a property that could easily be split into two units came on the market, Kent jumped at the chance. Little did he know this $14,000 down payment would become an entire real estate portfolio that would help him retire early from his job.
At 46, Kent bought his first rental property (just two years ago, in 2024). The purchase price? A mere $70,000. With a small renovation, this property began bringing in $3,000/month in rent and some serious cash flow. Now that there was home equity to pull from, it was time to repeat this system.
Kent has now done this same type of deal four times, going from zero units to 10 units in just two years. He’s even gotten his young son involved, helping his 20-year-old profit nearly $50,000 from a similar deal! Kent’s close to replacing his income and fully stepping away from his 9-5, reaching early retirement, and dedicating all his time to real estate. He started in 2024 when most people thought real estate investing was past its prime—according to Kent, we’re still not even close!
In This Episode We Cover
The affordable real estate market where you can pick up rentals for just $70,000
How to turn a big single-family home into a cash-flowing duplex or triplex
Using the BRRRR strategy to get paid to buy rental properties (seriously!)
When it’s smart to use a HELOC (home equity line of credit) as a down payment
How to pass down wealth and wisdom to your kids so they can reach financial freedom, too
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1330.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
Investors have used the same proven formula for decades: Buy a discounted property, renovate it, and increase its value by tens or sometimes even hundreds of thousands of dollars. It’s a simple investing strategy, and yet it’s one of the best ways to get rich through real estate investing.
But there’s a catch that too many investors miss. You can’t renovate just anything; you have to renovate the right things. After over 100 real estate deals, Henry knows exactly what moves the needle, and in part two of our series on estimating rehab costs, we’re showing you what to prioritize on your next renovation project.
First, we’ll walk you through the typical “moneymakers”—kitchens and bathrooms—what to improve, what not to improve, and what you should budget for these updates. But then, we’ll share three upgrades many investors never think about, yet they can have the greatest impact on property value (and rents!).
Whether you’re flipping houses or updating a rental property, this is the exact value-add playbook you should be using in 2026!
In This Episode We Cover
High-ROI renovations to prioritize on every investment property
Low-cost upgrades that can add value to your rental property
What actually makes a difference when updating kitchens and bathrooms
The typical cost of a cosmetic kitchen or bathroom renovation
Common renovation mistakes that will make your bathroom look “cheap”
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1329.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
A real estate deal may look like a home run on paper, but you can’t know for certain until you’ve walked the property and uncovered exactly what needs to be fixed!
Budgeting for renovations is one of the things that trips new investors up, which is why we’re bringing you a two-part series on estimating rehab costs. In part one, we’re taking a deep dive into the “big five”—the five major home systems that can make or break your next investment. We’re covering everything from roof to foundation, and even a bonus sixth system that’s much more costly to replace than you probably think.
These are the line items that strike fear into investors due to their potentially high price tags. But rather than passing on a great deal, you’ll learn exactly what to look for when inspecting these systems, how much it costs to repair or replace them, and when to bring in an expert.
Whether you’re flipping houses or making improvements to raise rents, these are the tips and tricks you need to accurately create your budget, avoid expensive surprises, and ensure you’re buying a great property—not a money pit!
In This Episode We Cover
The “big five” systems to check (thoroughly) when walking a property
How to spot when a roof has “failed” and needs to be replaced
Two telltale signs that you should replace a home’s windows
The number one mistake investors make when estimating foundation repairs
How much it actually costs to fully replumb your property
Dangerous electrical issues that require immediate attention
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1328.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
JPMorgan Chase, America’s largest bank, just made a big bet on housing—a $750B bet to be exact. At a time when most people hope home prices will fall, JPMorgan is gearing up to lend and invest in a huge way. Could this be a sign that those who buy now will be thanking themselves in the years to come? We’re getting into the details in today’s show.
On the Market is here with a housing market update! First, we’re touching on whether or not the market has already peaked in 2026. We still have four full months left in the year, but with home sales falling in July, it could signal that the hot summer is starting to cool. But a surprising type of home is still selling fast—it’s not the newly renovated house flip—it’s the ugly, outdated home next door. Why? We’re explaining in this episode.
JPMorgan Chase makes a $750B bet on housing, signaling that America’s largest bank is bullish on a certain type of real estate. Finally, the latest inflation rate update—the CPI (consumer price index) stayed in check last month, but is it enough to stop the Federal Reserve from raising rates?
In This Episode We Cover
Inside JPMorgan Chase’s $750B investment into affordable housing
The latest inflation rate update and what it could mean for your interest rate
Why buyers don’t want your renovated home (they want the ugly one next door)
A new 2026 home sale prediction and whether or not prices are still rising
Two types of homes that are selling fast in 2026 (and why yours might not be)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1327.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
The top 1% of real estate investors don’t have a “secret” market, a “better” investing strategy, or access to “exclusive” resources. They just do nine things better than most other investors—boring, repeatable habits that make you rich over time.
This is what separates successful investors from those who never quite reach their goals, flame out after a deal or two, or stay stuck on the sidelines. Many of these habits are much simpler than you think—things like investing consistently, being patient, and treating real estate investing like an actual business—yet most investors don’t do any of them.
Today, we’re sharing exactly what these nine habits are and how you can practice them throughout your own real estate business. Whether you’re starting from zero or already own a few rental properties, these are universal principles that any (and every) investor can benefit from.
You don’t need to master all nine of them overnight or even this year. Pick one or two, get to work, and you’ll start to see real results!
In This Episode We Cover
The nine most important habits of top real estate investors
Why patience is the single most important habit you should develop
How to avoid “shiny object syndrome” as you scale your real estate portfolio
Why time in the market always beats timing the market
The right way to build your real estate investing network
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1326.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
The rules of real estate investing have changed.
For years, investors were using the one-percent rule to quickly determine if a real estate deal would cash flow. But the one-percent rule, rent-to-price ratio, and other common rules of thumb have a glaring blind spot. They account for purchase price, but they don’t account for expenses.
Meanwhile, mortgage rates, taxes, and insurance have all risen across the board—expenses that can easily kill your cash flow.
So, Dave’s come up with a new rule of thumb you can use to quickly analyze rental properties and markets. He’s calling it the rent-to-payment ratio. By comparing estimated rents to the estimated PITI payment itself, you’ll have a much better idea of whether a rental property will actually cash flow month to month.
And today, we’re not just breaking down how the formula works. Dave also built an entire spreadsheet that ranks U.S. real estate markets by their rent-to-payment ratios. Whether you’re looking for the best cash flow markets to invest in or a quick way to weed out unprofitable properties, this is the kind of math you need to make sharper investing decisions in 2026.
In This Episode We Cover
The “new” rule of thumb for finding great real estate deals and rental markets
Why rent-to-price ratio is a flawed metric (and which ratio to use instead)
Why the popular one-percent rule no longer works in 2026
The top 10 real estate markets with the highest rent-to-payment ratios
How to bake today’s mortgage rates, taxes, and insurance into your initial analysis
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1325.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
In just under six years, Bryan Field built a 100% remote real estate investment portfolio producing over $65,000 per year in cash flow. He bought properties sight unseen, chose markets that made the most money, and routinely reinvested his home equity. He started with zero real estate experience, and his first real investment went way over budget, but he bounced back and has already replaced a sizable chunk of his salary.
Stuck in San Diego, Bryan knew he wanted to invest, but not in the million-dollar houses around him. The best bet? Move to a cheaper market (Arizona), buy a home, and try to invest there. A HELOC-funded house flip with a friend turned into a six-figure renovation, but they both walked away unscathed. After returning to San Diego with his newborn son, Bryan was determined to invest somewhere affordable, scalable, and profitable.
Over the next few years, Bryan bought duplexes in South Dakota, seller-financed portfolios in Arkansas, and short-term rentals in Virginia. He used equity to make down payments, moved markets when he found better deals, and now makes over $5,000/month on his rentals alone, living in Southern California and investing from thousands of miles away.
Priced out of your market? Feel like you’re boxed out of investing? If you’ve got a laptop, a phone, and some starting capital, you can repeat Bryan’s process!
In This Episode We Cover
How to use home equity (via a HELOC) to buy your first investment property
Choosing a market with the best cash flow potential (and tenant pool)
How to find seller-financeable rental property deals even in a market you’re brand new to
Buying investment properties sight unseen confidently when you’re hundreds or thousands of miles away
The creative investment Bryan made that is not a rental property but is in real estate
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1324.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
Is it better to buy an existing property with value-add potential or a new construction home in 2026?
For years, there was no debate. The ability to buy a property at a discount, add value through renovations, force appreciation, and recycle your money made the BRRRR method a no-brainer for most investors.
But in 2026, things are a little different. Builders are sitting on inventory, which means new homes are being sold for less than we’ve seen in years. Not to mention, builders are giving buyers massive incentives like mortgage rate buydowns, closing credits, and even price reductions—just to get these properties off their books.
But are these perks enough to make new construction a better option than the BRRRR strategy?
Today, we’re going to put them head-to-head and find out. I’m comparing two real estate deals in the exact same market—a new construction home and a value-add property. We’ll crunch the numbers and see which strategy actually comes out on top from a cash flow and appreciation perspective. The answer may surprise you.
In This Episode We Cover
Three scenarios when you might prefer a new build to a fixer-upper
A head-to-head comparison of two real estate deals in the same market
How to negotiate huge builder incentives when buying a new home
How to choose the right investing strategy for you in 2026
The biggest pros and cons of buying a new construction home
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1323.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
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