5 Lessons Learned From Buying Multi-Family Real Estate

Sterling White, Co-founder of Holdfolio, gives us a short walkthrough of his latest multi-family investment property and shares 5 lessons he learned from buying this real estate investment.

These lessons were both mistakes and things that worked!

So, if you're looking to jump into the mult-family real estate, watch this video and learn a few tips for success!

We hope you enjoy this video and if you do make sure to like, subscribe, and leave a comment!
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[biggerpockets]

Who's ready to invest in multi-family?

[DanielIles]

I found Airbnb to be too time consuming as I am also working a 9-5. Changing sheets really takes a lot of time! On the other hand managing long term tenants takes a LOT less time than I expected. My 6-plex takes less than 2 hours a month to manage now that it is up and going. Tenant turnovers might add an extra 2/hrs per month but those are rare if you have a nice place. Mine is a B+ property so I have had only one turnover so far.

[DavidThomas-mepi]

I love American success stories like this guy.

[casualinvestor]

Real Estate is something I plan on getting involved in. Thanks for the video. Really helpful.

[SterlingWhiteRealEstate]

Lessons/tips from Sterling White:

0:13 1. Know the market.
0:58 2. Coordinate with the property managers.
2:09 3. Consider self-managing.
3:13 4. Go direct-to-owner.
3:36 5. Be persistent!

[darthtwelve]

Shopping for a duplex outside Cleveland right now. Going to live in one unit and rent the other.

[thekulture]

The music is unnecessary. The information is great enough

[justSTUMBLEDupon]

Wow never thought of staying in the neighborhood through a Airbnb. This is GREAT!!!!

[jeremygreene]

I’m actually looking for Multi-Family property in the Louisville area!👍🏽👍🏽

[shujayethossain]

How much money and what type of income do I need to buy a multi family house and get into real estate in Brooklyn New York?

[kryptosurfer]

How did you convert the decision makers from not being interested to finally agreeing to go ahead with it?

[jumpinrealestate]

Glad I could be part of this latest deal Sterling! Looking forward to getting this asset turned around!

[qmakesithappen]

Yessir!!! Dope vid Sterling! I appreciate this information, I plan on investing in the near future. Gotta get rid of this student loan debt 1st (9K)

[WealthbuilderzTV]

Multi family ownerships seems like you would have to be hands on but once you get the ball rolling with tenants then you should outsource to a property manager To Free up your time.

[GordonGreenCincinnati]

Can you share with us how you structured the purchase?

[tonyjablonski]

Thanks for sharing! Great information.

[sha_la]

Great video. I'm in NC and it is an extremely popular state. I moved out of Charlotte to Concord. I'm not that far away from Charlotte (9 mins). I would like to purchase something at the end of the year. Im not opposed to living in it if I have to. I'm watching videos to learn how to get started. By the way, I'm from Canton, OH originally and there may be some oppritunities back home in some of the surrounding cities.

[WallStreetIceCream]

Realistically how much does one need to start?

[oscarferreira]

Hi, what where those contacts, with the owner, Like?

[UltimateBargains]

What is your most productive way of finding owners who are receptive to selling, especially on creative financing terms?