298: Thriving in Multifamily Investing (Even in a Hot Market) with Michael Becker | Bigger Pockets Podcast
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
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