Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor.
In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.
You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”
In This Episode We Cover
The five most important factors to understand when looking at a multifamily deal
Multifamily debt and equity, plus how they dramatically differ from single family rentals
How to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbers
Whether or not today’s rising interest rates will cause a sell-off of multifamily properties
The easiest improvements that will dramatically boost your ROI on a multifamily property
What rookie investors get wrong about finding good deals in today’s market
And So Much More!
Links from the Show
Submit Your Questions to David Greene
The 3 Cs to Achieving Success as an Investor
BiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 Units
BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market
BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals
BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal
Book Mentioned in the Show:
Raising Private Capital by Matt Faircloth
Connect with David:
Connect with Andrew:
Andrew’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607
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