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903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson

UNLIMITED

903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson

FromBiggerPockets Real Estate Podcast


UNLIMITED

903: 120 Rentals in 3 Years by Buying Multifamily During a BAD Market w/Brian Adamson

FromBiggerPockets Real Estate Podcast

ratings:
Length:
43 minutes
Released:
Feb 28, 2024
Format:
Podcast episode

Description

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.
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
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob' Instagram
Rob's TikTok
Rob's X/Twitter
Rob's YouTube
BiggerPockets' Instagram
Beginner’s Guide To Investing In Your First Multifamily Property
Multifamily Is Likely To Start Recovering in 2024—Here’s Why
Book Mentioned in the Show
SCALE by David Greene
Connect with Brian:
Brian's BiggerPockets Profile
Brian's Facebook
Brian's Instagram: @brianadamsonofficial
Brian's LinkedIn
Brian's Website
 
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-903
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Released:
Feb 28, 2024
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.