Small multifamily real estate does exist. You don’t have to have hundreds of units, syndicate, bring in investors, and make it complicated. So, how do you get started investing in small multifamily real estate and produce cash flow?

Today, Clint Coons of Anderson Business Advisors talks to Jen and Stacy Conkey, Founders of Warriors of Wealth and the Remote Multifamily Investing Academy™. They are two experts who know how to get into smaller deals that generate massive cash flow.

Jen and Stacy Conkey have more than 20 years of experience as entrepreneurs and real estate investors. Through their diverse real estate experiences, Jen and Stacy know what it takes to identify deals and make offers on properties that build long-lasting wealth. Also, Jen and Stacy share their knowledge and experience by teaching people what it takes to succeed in multifamily real estate investing with actionable strategies that make cash flow real estate fun and easy.

Highlights/Topics:

Multifamily Impediments: Too big, too expensive, too much inventory, too competitive

Where did Jen and Stacy start finding smaller deals? Education and just doing it

Multifamily: More than big apartment buildings—anything more than a single unit/home

Multifamily Categories: Get a good deal, good cash flow to learn process, then build up

Four Units & Under: Build relationships with realtors in local markets to find deals

Path of Progress: As things build out, it drives the value of other homes via BRRRR

BRRRR Strategy: Buy, renovate, rent, refinance value-add project and maximize capital

Stabilized vs. Value-add Strategy: When evaluating quad, is it a good investment?

Why Jen and Stacy never visit their properties, but do everything online/on the phone

Where do Jen and Stacy find contractors? Get them to go to a locked property and bid

How do they find a property manager? Google and then find and call all of them

Resources

Warriors of Wealth

https://www.warriorsofwealth.com/

Remote Multifamily Investing Academy

https://www.wowaua.com/home

Facebook Group: https://www.facebook.com/groups/PassiveIncomeRealEstateInvesting

Thumbtack

https://www.thumbtack.com/

HomeAdvisor

https://www.homeadvisor.com/

Angie's List

https://www.angi.com/

Marco Polo

https://www.marcopolo.me/

Clint Coons

https://andersonadvisors.com/clint-coons/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCaL-wApuVYi2Va5dWzyTYVw