Using Duplexes, Triplexes, and Fourplexes to Find Financial Freedom!

Transcription

1 Using Duplexes, Triplexes, and Fourplexes to Find Financial Freedom! A free webinar from BiggerPockets.com with Brandon Turner Co-Host of the BiggerPockets Podcast! WORKSHEET:

2 Welcome & Thanks! WORKSHEET:

3 You are in the right place if WORKSHEET:

4 You are in the right place if You are looking to buy your first duplex, triplex, or fourplex but you don t know where to start. WORKSHEET:

5 You are in the right place if You ve done single family deals before but you are looking to branch into small multifamily WORKSHEET:

6 You are in the right place if You work too much at your job and/or real estate and you need to find ways to streamline your business. WORKSHEET:

7 You are in the right place if You have limited time to dedicate to real estate investing and you need to maximize every moment. WORKSHEET:

8 Get the Worksheet:

9 Today we re going to talk about

10 Today we re going to talk about Using Duplexes, Triplexes, and Fourplexes to Find Financial Freedom!

11 Today we re going to talk about Financial Freedom!

12 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

13 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

14 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

15 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

16 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

17 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

18 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

19 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

20 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

21 Today we re going to talk about Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer

22 By the end of this webinar you ll know the detailed process for finding, analyzing, and buying duplexes, triplexes, and fourplexes to help you achieve your financial goals.

23 Get the Worksheet:

24 Special Gift #1:

25 Special Gifts #2 & #3: (At the end!)

26 About BiggerPockets

27 Who am I?

28 Who am I? Brandon Turner

29 Who am I? Brandon Turner Real Estate Investor & Landlord

30 Who am I? Brandon Turner Real Estate Investor & Landlord Co-host of the BP Podcast

31 Who am I? Brandon Turner Real Estate Investor & Landlord Co-host of the BP Podcast I m super tall!

32 DECIDED TO QUIT MY DEAD-END JOB AT 21 AND BE A FULL TIME REAL ESTATE INVESTOR.

33 TRIED TO FLIP A HOUSE AND IT DIDN T SELL SO I HAD TO GET A FULL-JOB AGAIN.

34 THEN I DISCOVERED ACCIDENTALLY SMALL MULTIFAMILY PROPERTIES.

35

36 OWN OVER $3,000,000 IN REAL ESTATE, ABOUT A DOZEN PROPERTIES WITH 50+ UNITS IN THE PAST 9 YEARS MOST DUPLEX/TRIPLEX/4PLEX WAS ABLE TO RETIRE AT 27 AND LIVE ON THE CASH FLOW. NOW WORK LESS THAN 5 HOURS A WEEK ON MY RENTAL PROPERTIES. NOT RICH, BUT LIVING LIFE ON MY TERMS. VP OF GROWTH AT BIGGERPOCKETS AUTHOR OF THE BOOK ON INVESTING IN REAL ESTATE WITH NO (AND LOW) MONEY DOWN, THE BOOK ON RENTAL PROPERTY INVESTING, AND MORE!

37

38

39 CHARLIE RUBY

40 CHARLIE RUBY

41 But today s webinar is not about me.

42 But today s webinar is not about me. It s about how YOU can use Duplexes, Triplex, and Fourplexes to accomplish your goals and dreams.

43 So why duplexes, triplexes, and fourplexes?

44 Why Duplexes, Triplexes, and Fourplexes?

45 Why Duplexes, Triplexes, and Fourplexes? Cash Flow

46 Why Duplexes, Triplexes, and Fourplexes? Cash Flow Residential Financing

47 Why Duplexes, Triplexes, and Fourplexes? Cash Flow Residential Financing Less Competition

48 Why Duplexes, Triplexes, and Fourplexes? Cash Flow Residential Financing Less Competition House Hacking

49 How can duplexes, trplexes, and fourplexes give me financial freedom?

50 How much money each month do you need to be financially free?

51 How much money each month do you need to be financially free? Divide that number by 100.

52 $5,000

53 $5,000 $5000 / 100 = 50

54 $5,000 $5000 / 100 = 50 So I need 50 units for financial freedom.

55 Additionally, duplex, triplexes, and fourplexes are a gateway to larger multifamily investments.

56 Where can you find good deals on duplexes, triplexes, or fourplexes?

57 Where can you find good deals on duplexes, triplexes, or fourplexes?

58 Where can you find good deals on duplexes, triplexes, or fourplexes? MLS/Agent

59 Where can you find good deals on duplexes, triplexes, or fourplexes? MLS/Agent Driving for Dollars

60 Where can you find good deals on duplexes, triplexes, or fourplexes? MLS/Agent Driving for Dollars Craigslist

61 Where can you find good deals on duplexes, triplexes, or fourplexes? MLS/Agent Driving for Dollars Craigslist Direct Mail

62 What s the best way to finance a duplex, triplex, or fourplex?

63 What s the best way to finance a duplex, triplex, or fourplex?

64 What s the best way to finance a duplex, triplex, or fourplex? FHA

65 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k)

66 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k) Conventional

67 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k) Conventional Portfolio Lender

68 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k) Conventional Portfolio Lender Seller Financing

69 How Do I Analyze a Duplex, Triplex, or Fourplex?

70 How Do I Analyze a Duplex, Triplex, or Fourplex? Let s look at 2 methods:

71 1.) By Hand

72 How Do I Analyze a Duplex, Triplex, or Fourplex? Income - Expenses = Cash Flow

73 Income Rent Laundry income Storage income

74 Expenses Taxes Insurance Water Sewer Garbage Flood Insurance Electricity Loan Point/Fees Management Fees HOAs PMI Repairs Capex Vacancy

75 How Do I Analyze a Duplex, Triplex, or Fourplex? Let s look at 2 methods:

76 2.) BiggerPockets Analysis Tools

77 A quick summary of where we re at: Special gifts About Me/About BP Why Duplex, Triplexes, and Fourplexes (2/3/4s) How 2/3/4s can help you find financial freedom Where to find great deals on 2/3/4s Financing a 2/3/4 Analyzing a 2/3/4 What to watch out for with 2/3/4s Pro tools you can use in your 2/3/4 journey Final Door Prizes Question & Answer

78 Dangers to Be Aware of When Investing in Duplexes, Triplexes, and Fourplexes

79 Dangers to Be Aware of When Investing in Duplexes, Triplexes, and Fourplexes 1.) The condition of the property, and location, matter more than you think.

80 Dangers to Be Aware of When Investing in Duplexes, Triplexes, and Fourplexes 2.) Multifamily properties require more landlording than single family homes.

81 Dangers to Be Aware of When Investing in Duplexes, Triplexes, and Fourplexes 3.) Just because it s a duplex/ triplex/fourplex doesn t mean it s a good deal. You ve got to do your math!

82 Dangers to Be Aware of When Investing in Duplexes, Triplexes, and Fourplexes 4.) Fear can cause you to never start, causing you to miss out on the greatest gifts life has in store for you.

83 Special Gift:

84 Investing in real estate can often feel like this:

85 BiggerPockets is here to help you NOT jump off a cliff, but to walk a well traveled path.

86 This is not just theory. This is how thousands of real estate investors, including myself, have found financial freedom.

87 So here are three big questions:

88 Do you have some ideas of how you will start looking for duplexes, triplexes, or fourplexes?

89 Do you have some ideas on how you ll finance those investments?

90 Do you know how to properly analyze deals to ensure positive cash flow?

91 Well - here s some (potentially) bad news:

92 If more information was the answer - we would all be billionaires with perfect abs. -Derek Sivers

93 If you really want to do something, you ll find a way. If you don t, you ll find an excuse. - Jim Rohn

94

95 I don t know why you came here today.

96 I don t know why you came here today. Tired of working your full-time job Need to start preparing for your future retirement Tired of being a wantrapreneur.

97 Our goal at BiggerPockets is to make you reach your financial goals through real estate. So we ve created some incredible tools to help you get there faster and with less pain.

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