Want to know how to invest in multifamily real estate WITHOUT being a multimillionaire? We aren’t talking about tackling a duplex or triplex; we’re talking about sixteen, eight, or ten-unit apartment buildings that could help you replace your W2 income. And while these deals may seem too big to take down for a rookie real estate investor, they’re much easier to get done IF you know what to do. But you’ll want to follow Lee Yoder's advice, who left his job and took a hefty pay cut to start investing in real estate.
As a corporate physical therapist, Lee knew that time was passing him by. The one thing he could do to ensure a life of financial freedom and time with his growing family? Multifamily real estate investing! He made the risky decision to switch gears, leaving the corporate world and thirty percent of his income behind to make the jump. Thanks to smart saving and spending, Lee was in a position where he could dedicate large chunks of his time to flipping houses and later investing in passive-income-generating real estate.
The best part about Lee’s story is that he did all of this on a middle-class income, without a ton of cash, using tools that almost every investor has available to them. If you want to know how he did it, what steps helped him skyrocket his portfolio, and how you can repeat his system, stick around!
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Episode #752
Show notes at:
00:00 Intro 02:38 Quick Tip 03:23 Taking a 30% Pay Cut to Invest 06:37 The First House Flip 12:26 Not So "Passive" Income 19:33 Finding Deals in the Property Scrapyard 30:00 Mindset Shifts and More Deals 35:36 Selling His Portfolio 41:01 Are Discounted Deals Coming? 47:28 The "Sweet Spot" For Multifamily Investing 57:37 Connect with Lee!
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By: BiggerPockets Title: How to Invest in Multifamily Real Estate on a Middle-Class Salary Sourced From: www.youtube.com/watch?v=70HkuvEeGks
