Achieve Financial Freedom in 2023 w/ Small Multifamily Investing

I have to do this. SSI and combat disability just isn't a way to live. This week, SSI numbers were hacked across the USA, that made me make the decision to pursue. Seven university degrees, 32 years of military service and I am broke, and I am sick of it. I am 65 years of old, no savings, 401K is gone, I have no choice.

Don’t forget about the tax write off when you buy multifamily home

Multi

Do you guys recommend getting a realtor or use the listing realtor when you find a good multi family?

I'm a year late watching this video but, it's exactly what I'm looking for in a webinar. Looking for our first multifamily unit and as new investors, this gave me more confidence to move forward on making our first purchase.

Omg just get to the point, your intro is so long

Amazing!

Great video! Really enjoyed it.

Stop advertising on this channel 😢we want to focus on you

This made sense until $150/month income? How is that worth all the trouble? I'm really hoping to get into RE investing but I need it to make sense. Obviously I know this was a dummy example, but still...please help me understand

At the end of the day People will always need a roof over thier head

Love how he makes it sound so easy. Doesn’t mention vacancy costs, maintenance, repair, legal issues. Not really doing anyone new to the business any favors with this overly rosy picture of how great rental properties are. Especially people without lots of cash reserves to deal with the unforeseen costs.

I would like to get an FHA loan and willing to live there but I travel most of the year. Is there any kind of regulations that said that I need to habitate the residence ?

Tri-plex (3 units)
Not trip-lex (girl you meet on vacation)
(Sorry I'm an old English teacher)

Love this. I have clients who both bought and sold small multi family properties. I plan on doing it myself. I'm in the DMV and Baltimore markets.

How do your investors make money? The rent is split between all 4 people after bills are paid? Or you slowly pay them back?

Why does he assume the average rent he is looking at does not include utilities? If it does and people will only rent for $900 including utilites this deal will have no positive cash flow. Around 49 minutes.

Please recommend something in Canada

Dave your purchase price to analyze the deal was less than half the listing price lol. Wtf

I am going to listen to this webinar with an open mind and let go of my frustration. I am motivated to buy a small multi family. I am FHA approved, have down payment, and closing cost, but I can not find a property on Daytona Beach FL with numbers that make sense. The looking process is giving me ulcer

Could you please give me insite on Kalispell Montana. I am wondering if you see any reason the prices are going to crash anytime soon. This is an area that everyone is migrating to.

I invested in a retirement plan with ROI company and I'm very happy with the results. They offer great returns and excellent customer service.

Does BP have seller financing forms too? Wholesale form and sub to form?

2023, current market: I llive in California. I saw multi family homes for sale around my area. 600k for a duplex and is currently being rented. But rent is less a little over 1k. I mean, if I will buy it for 600 k plus 7% interest rate, thats about 4-5k/mo mortgage, and the rent is undermarket, how do I get cashflow from it? 😢

All great until all of those 5 properties goes a couple months without tenants then your f*cked

RE was cheaper before, they all say it is easy, yeah when the houses were $300k less

Can u send me a link to join/
Also tell the surfer when a word starts with a vowel. So it’s an opportunity. A with a 😊 A job.

My name is Renee from Va. . The vacation property I’m considering is I believe a good deal. However the agents and sellers have withheld their income & expenses except on a 2016 p& L.

I am looking at a property but the seller has not only closed it for a year. He won’t give me current financial ,how can I get records/ ?Also I think he might finance. How can I approach him and rate to offer?

Man said buy 5 houses in 5 years 😂😂😂

🏆

What about the Cash reserves you need for a multifamily?

What if my neighborhood is too expensive. I don't even have my own house

I can't live with people. Is there another way to generate passive income

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I understand you got his first deal and it changed his life entirely. why didn’t he go over how much money he initially put down and sell and then how much that money total between all of his partnerships?

How can I buy real estate with no money and no one to lend me the money?

Do conventional loans work on small multi family? My 1st property is going to be a 2, 3 or 4plex with an FHA, but I want to invest in a 2nd property during that 1st year of house hacking so I don't have to wait an entire year to invest in another property.

I like the shirt 👍🏿🇺🇸

How come you don't talk about house hacking with a VA loan?

3.5% on a multifamily? I’m not sure about that. I talked to 10+ lenders in Florida and other states and 15% down owner occupied was the best thing they could offer. Not even 5-10% down for 2-4 unit. This has been the last 6 months ( Oct 2022 - March 2023). I think the rules have changed or lenders are not offering those kind of loans to new investors. What am I missing?

" The Path is all math" !! Great content, THANK YOU!

So with financial freedom,

In another video just released it was said that he takes a lot of times 7-9 years to start making positive cash flow. So If you have a loan and you’re breaking even or taking a small loss, let’s just say breaking even.

How do you come up with the rest for repairs? Pluming needs to be done, tenant doesn’t pay rent and needs to be evicted. How can you cover this, never mind trying to take money out of the cash flow to pay yourself.

Also second question, say you can pull a small profit after the loan, like +200 a month. How much do you put in an account to let sit for repairs or missed rent?

Is there a book or website that talks about this?

Any investor agents in the CENTRAL OHIO market?

great Video david please update the bigger pocket tolls for Canadian investors please !

What they never or seldom mention on small multi or single family rentals is buying all cash 80% of arv minus repair and holding cost. Guess those deals must be hard to find. I can't wrap my head around any kind of down payment. That's my operating capital down the drain that I won't get back to reuse anytime time soon.

Ive almost saved enough for my first one