Using Duplexes, Triplexes, and Fourplexes to Find Financial Freedom! A Free Webinar from BiggerPockets.com

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1 Using Duplexes, Triplexes, and Fourplexes to Find Financial Freedom! A Free Webinar from BiggerPockets.com Hosted by Brandon Turner, co-host of the BiggerPockets Podcast!

2 WELCOME! Thanks for coming! This should be fun! 2

3 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. 3

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. You ve done single family deals before but you are looking to branch into small multifamily 4

5 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. You ve done single family deals before but you are looking to branch into small multifamily You work too much at your job and-or real estate and you need to find ways to streamline your business. 5

6 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. You ve done single family deals before but you are looking to branch into small multifamily You work too much at your job and-or real estate and you need to find ways to streamline your business. You have limited time to dedicate to real estate investing and you need to maximize every moment. 6

7 FREE WORKSHEET Trust me you ll want this. 7

8 WHAT WE RE TALKING ABOUT TODAY... Lorem ipsum dolor sit amet, consectetur Using Duplexes, Triplexes, and Fourplexes to find FINANCIAL FREEDOM 8

9 9

10 TODAY S AGENDA We re going to cover a LOT 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 DANGER S to be aware of when buying 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer 10

11 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. 11

12 BUT FIRST- FREE GIFTS! 12

13 BUT FIRST- FREE GIFTS!

14 ABOUT US 14

15 ABOUT US BIGGERPOCKETS The real estate investing social network, marketplace, and information hub. Blogs, forums, podcasts, webinars, webinar replays, analysis tools, networking, books, videos, and more all designed to help you use real estate investing to achieve your goals. 15

16 ABOUT US BIGGERPOCKETS The real estate investing social network, marketplace, and information hub. BRANDON TURNER Real Estate Investor Grays Harbor County, WA Blogs, forums, podcasts, webinars, webinar replays, analysis tools, networking, books, videos, and more all designed to help you use real estate investing to achieve your goals. Landlord & Flipper Co-host of the BiggerPockets Podcast Married to Heather, new dad of Rosie Author of... several books! Super tall (6 5!) 16

17 17

18 4-plex 18

19 $1,000 / month 4-plex 19

20 4/5 plex 20

21 $1,100 / month 4/5 plex 21

22 Triplex 22

23 $1,700 / month Triplex 23

24 IT DOESN T TAKE TOO MANY SMALL MULTIFAMILY PROPERTIES TO ACHIEVE FINANCIAL FREEDOM.

25 So...WHY duplexes, triplexes, and fourplexes? 25

26 So WHY small multifamily? 26

27 So WHY small multifamily? Cash Flow 27

28 So WHY small multifamily? Cash Flow Residential financing 28

29 So WHY small multifamily? Cash Flow Residential financing Less competition 29

30 So WHY small multifamily? Cash Flow Residential financing Less competition House Hacking 30

31 How can duplexes, triplexes, and fourplexes give you financial freedom? 31

32 How much money each month do you need to be financially free? 32

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

34 $5,000 34

35 $5,000 $5000 / 100 = 50 35

36 $5,000 $5000 / 100 = 50 So if you get $100 per unit cash flow, you need 50 units. 36

37 Additionally, duplex, triplexes, and fourplexes are a gateway to larger multifamily investments. 37

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

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

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

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

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

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

44 What s the best way to finance a duplex, triplex, or fourplex? 44

45 What s the best way to finance a duplex, triplex, or fourplex? 45

46 What s the best way to finance a duplex, triplex, or fourplex? FHA 46

47 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k) 47

48 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k) Conventional 48

49 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k) Conventional Portfolio Lender 49

50 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k) Conventional Portfolio Lender Seller Financing 50

51 What s the best way to finance a duplex, triplex, or fourplex? FHA 203(k) Conventional Portfolio Lender Seller Financing BRRRR! 51

52 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 DANGER S to be aware of when buying 2/3/4s Pro tools you can use in your 2/3/4 journey Question & Answer 52

53 How do I analyze a duplex, triplex, or fourplex? 53

54 1.) By Hand 54

55 Income - Expenses = Cash Flow 55

56 COMMON EXPENSES Taxes Insurance Water Sewer Garbage Flood Insurance Electricity Loan Points / Fees Management Fees HOAs PMI Repairs Capex Vacancy 56

57 1.) By Hand 57

58 1.) By Hand 2.) Analysis Tools 58

59 1.) By Hand 2.) Analysis Tools 59

60 LET S ANALYZE A DEAL TOGETHER 60

61 1.) By Hand 2.) Analysis Tools 61

62 DANGER S TO WATCH OUT FOR And how to overcome the risks 62

63 DANGER S TO WATCH OUT FOR And how to overcome the risks 63

64 DANGER S TO WATCH OUT FOR And how to overcome the risks CONDITION + LOCATION Nasty properties attract nasty people. Scary locations attract scary people. 64

65 DANGER S TO WATCH OUT FOR And how to overcome the risks CONDITION + LOCATION Nasty properties attract nasty people. Scary locations attract scary people. MORE LANDLORDING Multifamily properties tend to require more landlording than single family homes. 65

66 DANGER S TO WATCH OUT FOR And how to overcome the risks CONDITION + LOCATION Nasty properties attract nasty people. Scary locations attract scary people. MORE LANDLORDING Multifamily properties tend to require more landlording than single family homes. DO YOUR MATH Just because it s a duplex/triplex/fourplex doesn t mean it s a good deal. 66

67 DANGER S TO WATCH OUT FOR And how to overcome the risks CONDITION + LOCATION Nasty properties attract nasty people. Scary locations attract scary people. MORE LANDLORDING Multifamily properties tend to require more landlording than single family homes. DO YOUR MATH Just because it s a duplex/triplex/fourplex doesn t mean it s a good deal. FEAR Fear can cause you to never start, causing you to miss out on the greatest gifts life has in store for you. 67

68 REAL ESTATE INVESTING OFTEN FEELS LIKE THIS:

69 BUT THAT S A LIE. THIS IS WHAT REAL ESTATE INVESTING IS.

70 AND AT BIGGERPOCKRTS< WE BUILD TOOLS TO HELP INVESTORS ON THEIR JOURNEY.

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

72 SO- HERE ARE THREE BIG QUESTIONS:

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

74 2. Do you have some ideas on how you ll finance those investments?

75 3. Do you know how to properly analyze deals to ensure positive cash flow?

76 GREAT!

77 GREAT! But...

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

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

80 So... What s the key to success?

81 So... What s the key to success? ACTION

83 I don t know why you came here today.

84 Tired of working your full-time job? Need to start preparing for your future retirement? Tired of being a wantrepreneur?

85 HERE S WHAT I KNOW...

86 HERE S WHAT I KNOW... Our goal at BiggerPockets is to help you reach your financial goals through real estate.

87 HERE S WHAT I KNOW... Our goal at BiggerPockets is to help 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.

88 PRO 88

89 BiggerPockets PRO 89

90 BiggerPockets PRO Unlimited access to the BP Analysis tools 90

91 BiggerPockets PRO Unlimited access to the BP Analysis tools Powerful networking with BiggerPockets.com/meet 91

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94 BiggerPockets PRO Unlimited access to the BP Analysis tools Powerful networking with BiggerPockets.com/meet Post have/needs in the BiggerPockets Marketplace Unlimited Keyword Alerts with text message alerts Unlimited Webinar replays 94

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97 - Jim Rohn

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

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: www.biggerpockets.com/111worksheet