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 estateThe value of partnerships and networkingTips for buying 16 multifamily unitsWhat a cap rate isHis thoughts on a crash and timing the marketHow he raises money for a dealRelationship-building and how it helps in any businessAdvice for using webinars to pitchTips for raising capitalWhy you want to keep presentations simpleUnique advantages of Fannie Mae and Freddie Mac loansSingle family rentals vs. multifamilyAnd SO much more!Links from the ShowBiggerPockets ForumsBrandon’s Twitter ProfileBrandon’s InstagramBiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew CushmanBiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew CushmanBooks Mentioned in this ShowThe Millionaire Real Estate Agent by Gary KellerThe ABCs of Real Estate Investing by Ken McElroyThe Advanced Guide to Real Estate Investing by Ken McElroyAm I Being Too Subtle by Sam ZellFire Round QuestionsShould 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 MichaelMichael’s Company WebsiteMichael’s Podcast