How to Get Started in Small Multifamily Real Estate

2022-08-25

Small multifamily real estate does exist. You don’t have to have hundreds of units, syndicate, bring in investors, and make it complicated. So, how do you get started investing in small multifamily real estate and produce cash flow? Today, Clint Coons of Anderson Business Advisors talks to Jen and Stacy Conkey, Founders of Warriors of Wealth and the Remote Multifamily Investing Academy™. They are two experts who know how to get into smaller deals that generate massive cash flow. Jen and Stacy Conkey have more than 20 years of exp...

Today, Clint Coons of Anderson Business Advisors talks to Jen and Stacy Conkey, Founders of Warriors of Wealth and the Remote Multifamily Investing Academy™. They are two experts who know how to get into smaller deals that generate massive cash flow.

Jen and Stacy Conkey have more than 20 years of experience as entrepreneurs and real estate investors. Through their diverse real estate experiences, Jen and Stacy know what it takes to identify deals and make offers on properties that build long-lasting wealth. Also, Jen and Stacy share their knowledge and experience by teaching people what it takes to succeed in multifamily real estate investing with actionable strategies that make cash flow real estate fun and easy.

Highlights/Topics:

Multifamily Impediments: Too big, too expensive, too much inventory, too competitive
Where did Jen and Stacy start finding smaller deals? Education and just doing it
Multifamily: More than big apartment buildings—anything more than a single unit/home
Multifamily Categories: Get a good deal, good cash flow to learn process, then build up
Four Units & Under: Build relationships with realtors in local markets to find deals
Path of Progress: As things build out, it drives the value of other homes via BRRRR
BRRRR Strategy: Buy, renovate, rent, refinance value-add project and maximize capital
Stabilized vs. Value-add Strategy: When evaluating quad, is it a good investment?
Why Jen and Stacy never visit their properties, but do everything online/on the phone
Where do Jen and Stacy find contractors? Get them to go to a locked property and bid
How do they find a property manager? Google and then find and call all of them