#64: Seven Mistakes That Investors Make When Investing in Multifamily Properties

I thought it would be a good idea to bring back the solo show format where I dive into a specific topic and share some actionable/informational content... in this episode, I discuss 7 mistakes that real estate investors make when purchasing and evaluating multifamily properties. Hit me up on Instagram and let me know if found this valuable!

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Timestamps:

2:00 - Buying in the middle of nowhere

4:15 – Buying in a market you don’t understand 

6:10 – Assuming the seller’s numbers are accurate

7:40 – Forgetting to underwrite holding costs

9:32 – Not comparing all of the available financing options 

11:27 – Forgetting to ask for seller financing

12:38 – Failing to maintain adequate reserves

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