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From 1 House to Your 1st Multifamily Investment
Ready to make the jump from single-family to your 1st multifamily investment? In this video, we’ll guide you step-by-step through the transition, breaking down the process to make it simple and achievable. Learn more here: https://propadvsr.com/from-1-house-to-1st-multifamily
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0:00 From 1 House to Your First Multifamily Property: Step by Step Guide
1:43 Finding the Right Multifamily Property for Your First Deal
2:05 Starting Small
4:47 Where to Start Looking
6:27 Follow Proven Principles
9:26 Financing Options for Beginners
9:53 Conventional Financing
10:48 Creative Financing
12:42 1031 Exchange
13:39 How to Run the Numbers with Confidence
14:33 MLS Example Calculation
15:45 Common Pitfalls to Avoid
16:31 Pitfall #1: Overpaying
17:34 Pitfall #2: Poor Due Diligence
19:55 Pitfall #3: Poor Property Management
21:28 Pitfall #4: Lack of Exit Strategy
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