In today’s episode, our guest is Andrew Schutsky. He’ll be talking to us about why you can’t miss out on multifamily and how to become a cash cow.

Stay tuned!

The points below are from the 54th episode of The Real Estate JAM, where we discussed cruising cash flow and what you need to know about it.

Tune in to the full episode on YouTube, Spotify, or Apple Podcasts.

Why Choose Multifamily

Multifamily properties can provide a higher return on investment because they can generate income from multiple units instead of just one. It is also more cost-effective to maintain because landscaping, repairs, and property management costs can be spread out among multiple units. Multifamily properties are also more resilient to economic downturns because they are not as heavily impacted by factors like foreclosures and falling home values.

Learning Never Stops

In this industry, you are in charge of your own learning. You need to be ready to scour the internet, videos, and forums regularly, or else you could be left in the dust. Since real estate is an ever-changing business, you need to learn to stay on top of things all the time.

Want to learn more? You can listen to the full episode on YouTube, Spotify, or Apple Podcasts.

Outline of the Episode:

• [00:48] Let’s welcome our host and our guests!
• [03:25] When you say multifamily, there are different types of it. Which one is most beneficial?
• [04:07] As a new investor, what do people need to know about multifamily?
• [04:50] Learning everything matters. You need to stay updated and know the new trends, tricks, and things about the business. You need to educate yourself constantly.
• [06:14] Every successful investor out there has done self-education. They took charge of their own education right from the start.
• [07:24] When you’re done with self-education, the following steps are to network, network, network.
• [08:59] You can balance things. You can continuously educate yourself and have family time, but it matters that you educate yourself in this business.
• [11:44] When buying multifamily properties, which option is best? Do you go into partnerships, or do you do syndications? What’s the whole process?
• [13:31] Are you experiencing issues with compressing cap rates?
• [18:24] How would you recommend someone start on a multifamily journey?
• [20:41] How do you vet a potential business partner when it involves millions?
• [23:31] What happens when you and your partner have different risk tolerance? How do you handle this?

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