The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table. It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights. They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start? ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Get Your Tickets to BPCon 2022: https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Past Multifamily Episodes with Andrew and Matt: Screening a Deal: https://www.biggerpockets.com/blog/biggerpockets-podcast-571?utm_source=youtube&utm_medium=description&utm_campaign=none Analyzing Multifamily: https://www.biggerpockets.com/blog/real-estate-586?utm_source=youtube&utm_medium=description&utm_campaign=none Buying in 2022 and Beyond: https://www.biggerpockets.com/blog/real-estate-634?utm_source=youtube&utm_medium=description&utm_campaign=none How to Find Overlooked Opportunities in a Hot Market: https://www.biggerpockets.com/blog/bp-podcast-279-how-to-find-overlooked-opportunities-in-a-hot-market-with-andrew-cushman?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Books Mentioned in Today’s Show: Long-Distance Real Estate Investing: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media Raising Private Capital: https://store.biggerpockets.com/products/raising-private-capital?utm_source=owned_media ~~~~ Harvard Joint Center for Housing Studies: https://www.jchs.harvard.edu/ ~~~~ Listing/Broker Sites Mentioned: Crexi: https://www.crexi.com/ Loopnet: https://www.loopnet.com/ Berkadia: https://www.berkadia.com/ : Cushman and and Wakefield: https://www.cushmanwakefield.com/en/united-states CBRE: https://www.cbre.com/ Marcus and Milichap: https://www.marcusmillichap.com/ Colliers: https://www.colliers.com/ ~~~~ Connect with Andrew, David, and Matt on BiggerPockets: Andrew: https://www.biggerpockets.com/users/andrewc58?utm_source=youtube&utm_medium=description&utm_campaign=none David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Matt: https://www.biggerpockets.com/users/mfaircloth?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode 661 Show notes at: https://www.biggerpockets.com/blog/real-estate-661?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 01:56 Quick Tip 03:31 Evaluate and Harness Fear 12:29 Pick a Market 19:34 Mistakes When Choosing a Market 23:36 Look at LOTS of Properties 32:42Build Your Team 39:08 How Long Should You Spend on a Deal? 43:51 Build Your Brand 48:15 Leverage Other People's Money 51:20 Plan for The Long-Term 59:26 Recapping The Beginner Steps #biggerpockets #realestatepodcast #episode661