120 Rentals in 3 Years by Buying Multifamily During a BAD Market

Key Takeaways:

– Asset prices falling, mortgage rates high, banks not taking new loans
– Brian Adamson built multimillion-dollar, 120-unit portfolio with cash flow and equity in past four years
– Brian started investing before Great Recession, continued through housing crash
– Started investing in multifamily in hot market and areas most investors avoid in 2020
– Brian has over 100 units, tens of thousands in cash flow, and millions in equity
– Exact strategy, what and where he’s buying, how much money he’s making discussed in episode
– Investing in markets most investors would never consider
– Using bridge loans to cover rehab costs on home-run deals
– Real estate investing markets Brian is bullish on in 2024 mentioned in episode

BiggerPockets:

Would you buy multifamily real estate now? Asset prices are falling, mortgage rates are still high, banks aren’t taking on new loans, and every real estate “expert” thinks that the multifamily space is full of dead deals. If this was so true, then how did Brian Adamson build a multimillion-dollar, 120-unit portfolio with plenty of cash flow and seven figures in equity all in the past four years, a time of tremendous booms and busts in the multifamily market? Well, he’s about to show you!

Brian started investing before The Great Recession but didn’t walk away from the housing crash unscathed. Thankfully, a few upside-down properties didn’t stop him from investing as he continued to do wholesaling and fix and flip deals from 2008 onwards. But, in 2020, he had a calling to start investing in multifamily during a hot market and in areas most real estate investors would run from.

Fast forward close to four years later, and Brian has a rental property portfolio of over one hundred units, with tens of thousands in cash flow coming in every month and millions in equity. He bought when he shouldn’t have, in places investors run from, with loans even top investors refuse to use, but he came out on top. In this episode, he’ll break down his exact strategy, what and where he’s buying, and how much money he’s making, plus some real estate markets he’s bullish on in 2024.

Click here to listen on Apple Podcasts.

Listen to the Podcast Here

Read the Transcript Here

Watch the Episode Here

https://www.youtube.com/watch?v=o3IkFZXke5U123??????????????????????????????????????

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thanks! We really appreciate it!

In This Episode We Cover:

  • Massive multifamily deals that are making Brian a millionaire even during a down market
  • A failed first multifamily attempt that cost Brian tens of thousands of dollars
  • Investing in markets that most investors would NEVER even consider 
  • The exact rent, cash flow, and equity numbers Brian looks at before buying
  • How to use bridge loans to cover your rehab costs on a home-run deal
  • Real estate investing markets that Brian is bullish on in 2024 
  • And So Much More!

Links from the Show

Book Mentioned in the Show

Connect with Brian:

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.

Source link

Property Chomp’s Take:

Are you considering investing in multifamily real estate? Despite the current economic challenges, there are still opportunities to build wealth and create cash flow through multifamily properties. Just ask Brian Adamson, who has built a multimillion-dollar, 120-unit portfolio in the past four years.

While many experts may be skeptical of the multifamily market right now, Brian’s success proves that it is still possible to thrive in this space. He started investing before The Great Recession and weathered the housing crash by continuing to do wholesaling and fix and flip deals. However, in 2020, he saw an opportunity to start investing in multifamily properties during a hot market and in areas that most investors would avoid.

Despite buying properties that others may have passed on and using unconventional loans, Brian has seen incredible success. He now has over one hundred units in his rental property portfolio, with significant cash flow and equity. He shares his exact strategy, including what and where he’s buying, as well as the markets he’s bullish on for 2024.

One key to Brian’s success has been investing in markets that most investors would never consider. By looking for opportunities where others see only challenges, he has been able to find great deals and generate substantial returns. He also emphasizes the importance of thoroughly analyzing rent, cash flow, and equity numbers before making a purchase.

Brian also discusses the use of bridge loans to cover rehab costs on a home-run deal, allowing him to maximize his returns. By taking calculated risks and being strategic in his investments, he has been able to create a lucrative portfolio in a relatively short period of time.

So, if you’re considering investing in multifamily real estate, don’t be discouraged by the current market conditions. There are still opportunities to build wealth and create cash flow, as long as you approach it with a smart strategy and a willingness to take calculated risks. Follow Brian’s example and see how you can succeed in the multifamily market, even during challenging times.

Leave a Reply

Your email address will not be published. Required fields are marked *