In today’s episode, guests Michael Barnhart and Suzy Sevier discuss starting a real estate adventure in multifamily. How could a young career in real estate explode from 2 properties to 88 units in only six months? Stay tuned!

The points below are from the 59th episode of The Real Estate JAM, where we discussed the ups and downs of being an admin assistant.

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

Free Resource is a Goldmine

Real estate education is valuable for understanding the factors that affect property value, avoiding common mistakes, and gaining the skills and knowledge needed for success in the industry. It can also be obtained through free resources, making it accessible to anyone interested in real estate. By taking advantage of these resources, individuals can make more informed decisions and succeed in the real estate industry.

Dive In Headfirst into Multifamily

It is possible to start investing in multifamily properties instead of single-family homes immediately. Multifamily properties, such as apartment buildings or duplexes, can provide a steady income stream through rental payments. Additionally, multifamily properties can offer economies of scale, as the cost of maintaining and managing the property is spread across multiple units. Individuals interested in real estate investing may consider starting with multifamily properties.

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

Outline of the Episode:

• [00:03] Let’s welcome our hosts and our guests!
• [01:39] COVID shut down everything. For some, it meant the end of things; for others, it was the chance to start anew. Which group did you fall on?
• [02:30] Resources are available everywhere. Are you utilizing the free resources available at the tip of your fingers?
• [06:29] When big things happen, and you are forced to decide, are you able to pivot quickly?
• [07:25] How did you start with just diving headfirst into multifamily? How did you find your first property? How did you finance it?
• [11:00] Can you create opportunities and connections with virtual meetups? How do you go about this?
• [15:19] Consistency is essential when it comes to networking. You need to show up.
• [16:21] Are you ready to learn from the experience of others? In this business, it’s always a good idea to learn from the experience of others.
• [20:52] How do you handle projections for 88 units? Is it easier? What are the pros and cons?

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