BiggerPockets Real Estate Podcast

298: Thriving in Multifamily Investing (Even in a Hot Market) with Michael Becker

09.27.2018 - By BiggerPocketsPlay

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Interested in building giant wealth through multifamily real estate investing? Well, on today’s show, we interview someone who already has. Michael Becker is an experienced multifamily investor who’s mastered the genre and simplified the process for being successful! Michael shares what every new investor needs to know about avoiding the biggest mistakes in multifamily, how to invest no matter the market or how hot it is, four problems to watch out for that led to the last recession, and a lot more! You DO NOT want to miss the deep dive where Michael shares how he and his partners made $10M in profit using a combination of BRRRR, syndication techniques, private money, and prudent decision-making. If you’ve ever thought about moving into multifamily investing at some point, don’t miss this show!

In This Episode We Cover:

How Michael got into real estate

The value of partnerships and networking

Tips for buying 16 multifamily units

What a cap rate is

His thoughts on a crash and timing the market

How he raises money for a deal

Relationship-building and how it helps in any business

Advice for using webinars to pitch

Tips for raising capital

Why you want to keep presentations simple

Unique advantages of Fannie Mae and Freddie Mac loans

Single family rentals vs. multifamily

And SO much more!

Links from the Show

BiggerPockets Forums

Brandon’s Twitter Profile

Brandon’s Instagram

BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Books Mentioned in this Show

The Millionaire Real Estate Agent by Gary Keller

The ABCs of Real Estate Investing by Ken McElroy

The Advanced Guide to Real Estate Investing by Ken McElroy

Am I Being Too Subtle by Sam Zell

Fire Round Questions

Should we have an inspector walk through every unit?

How do I do my first multi family syndication with no money down?

Would you purchase all three together and secure one commercial loan for the properties or do I have to get three separate loans?

Tweetable Topics:

“It’s much better to be the borrower than the lender when it comes to investing.” (Tweet This!)

“All you really have to do is to close a deal or two.” (Tweet This!)

“The world is full of capital.” (Tweet This!)

“You don’t need to have everything. You just need to have access to it.” (Tweet This!)

Connect with Michael

Michael’s Company Website

Michael’s Podcast

Learn more about your ad choices. Visit megaphone.fm/adchoices

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