Multifamily Real Estate Investing - The Perfect Multifamily BRRRR (23 Units, ZERO Work)

The perfect multifamily BRRRR deal is hard to come by, which is why it’s so surprising that Kimberly Marie from Red Door Renovation was able to land it as her first multifamily deal. Kimberly didn’t have much multifamily experience and had only dealt with residential flips and single-family rentals. She realized that she was putting in far too much effort to get such little cash flow, hence the move to multifamily. So how does a newbie like Kimberly get a deal with such a big upside? Well, she credits her success to real estate education, constant networking, and having the follow-through to show brokers you mean business. She was consistently getting sent multifamily deals by her broker that other brokers would send days later. If you’re in multifamily investing, you know how important it is to have an ultra-fast lead funnel. If you’re thinking of making the move from residential real estate to multifamily, commercial, and beyond, take Kimberly’s advice and get out there, get talking, and get a deal! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup ~~~~ Check out Last Week’s Episode on Cost Segregation and Depreciation: https://youtu.be/6SxCwQAVetE ~~~~ Follow Kimberly on Instagram: @kimberlymarie920 or https://www.instagram.com/kimberlymarie920/ ~~~~ Shoot Kimberly an Email: [email protected] ~~~~ How to Take the BRRRR Strategy to the Next Level with a 198-Unit Apartment Building: https://www.biggerpockets.com/blog/next-level-brrrr ~~~~ 8 Steps to Buying Your First Rental Property: https://www.biggerpockets.com/blog/how-to-buy-first-rental-property-simple-steps ~~~~ Connect with Terrance: Instagram: @terrancedoyle or https://www.instagram.com/terrancedoyle/ BiggerPockets: https://www.biggerpockets.com/users/terrancedoyle LinkedIn: https://www.linkedin.com/in/tjdoylemathew633/ Connect with Chris: Instagram: @chrislopez_co or https://www.instagram.com/chrislopez_co/ BiggerPockets: https://www.biggerpockets.com/users/chlopez LinkedIn: https://www.linkedin.com/in/christaylorlopez/ 00:00 Intro 00:53 Seeing the Other Side of Affluence 04:58 Funding College with Flips 08:14 Trading Flip Profits for Cash Flow 13:09 From Single Family to Multifamily 14:26 Getting Your First Deal 21:14 23-Unit BRRRR 31:06 Think Like a Consumer!