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436: Going into Multifamily When You’re Fairly New to Real Estate with Jamie Gruber

436: Going into Multifamily When You’re Fairly New to Real Estate with Jamie Gruber

FromBiggerPockets Real Estate Podcast


436: Going into Multifamily When You’re Fairly New to Real Estate with Jamie Gruber

FromBiggerPockets Real Estate Podcast

ratings:
Length:
73 minutes
Released:
Jan 21, 2021
Format:
Podcast episode

Description

There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors.This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network.Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID).Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More!In This Episode We Cover:Turning your primary residence into a profitable investment instead of sellingThe importance of having cash reserves available when doing dealsHow to break through single family investing and start growing a multifamily portfolioWhat a business partner needs to see in you before they can offer you deals, money, or experienceThe difference between financing residential deals and financing multifamily dealsWhy you need to have a good operating agreement when partnering on dealsAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets Podcast 266: How We Used a Partnership to Buy 900 Units with Jake and GinoMeetup.comGobundance EmergeZoomBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Check the full show notes here: https://www.biggerpockets.com/show436See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 21, 2021
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.