using duplexes, triplexes, and fourplexes to find...using duplexes, triplexes, and fourplexes to...

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

Welcome &

Thanks!


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.


Get the Worksheet:

www.BiggerPockets.com/111worksheet

Today we’re going to talk about…


Using Duplexes, Triplexes, and

Fourplexes to Find Financial Freedom!

Financial Freedom!



•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 •What to watch out for with 2/3/4s •Pro tools you can use in your 2/3/4 journey •Question & Answer

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.

Get the Worksheet:

www.BiggerPockets.com/111worksheet

Special Gift #1:

www.BiggerPockets.com/books

Special Gifts #2 & #3:

www.BiggerPockets.com/_______www.BiggerPockets.com/______

(At the end!)

About BiggerPockets

Who am I?

Who am I? Brandon Turner


Real Estate Investor & Landlord



Co-host of the BP Podcast



Co-host of the BP Podcast

I’m super tall!

DECIDED TO QUIT MY DEAD-END JOB AT 21 AND BE A FULL TIME REAL ESTATE INVESTOR.

TRIED TO FLIP A HOUSE… AND IT DIDN’T SELL… SO I HAD TO GET A FULL-JOB AGAIN.

THEN I DISCOVERED… ACCIDENTALLY… SMALL MULTIFAMILY PROPERTIES.

OWN OVER $3,000,000 IN REAL ESTATE, ABOUT A DOZEN PROPERTIES WITH 50+ UNITS IN THE PAST 9 YEARS… MOST DUPLEX/TRIPLEX/4PLEX

WAS ABLE TO “RETIRE” AT 27 AND LIVE ON THE CASH FLOW. NOW WORK LESS THAN 5 HOURS A WEEK ON MY RENTAL PROPERTIES.

NOT RICH, BUT LIVING LIFE ON MY TERMS.

VP OF GROWTH AT BIGGERPOCKETS

AUTHOR OF THE BOOK ON INVESTING IN REAL ESTATE WITH NO (AND LOW) MONEY DOWN, THE BOOK ON RENTAL PROPERTY INVESTING, AND MORE!

CHARLIE

RUBY

But today’s webinar is not

about me.

But today’s webinar is not

about me.

It’s about how YOU can use Duplexes, Triplex, and Fourplexes to accomplish

your goals and dreams.

So… why duplexes, triplexes, and fourplexes?

Why Duplexes, Triplexes, and Fourplexes?

Cash FlowWhy Duplexes, Triplexes, and Fourplexes?


Residential Financing



Less Competition



Less Competition

House Hacking

How can duplexes, trplexes, and

fourplexes give me financial freedom?

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

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

Divide that number by 100.

$5,000

$5,000

$5000 / 100 = 50

$5,000

So… I need 50 units for financial freedom.

$5000 / 100 = 50

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

Where can you find good deals on

duplexes, triplexes, or fourplexes?

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

MLS/Agent


MLS/Agent


Driving for Dollars

MLS/Agent


Driving for DollarsCraigslist

MLS/Agent


Driving for DollarsCraigslist

Direct Mail

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

FHA


FHA


203(k)

FHA


203(k)Conventional

FHA


203(k)Conventional

Portfolio Lender

FHA


203(k)Conventional

Portfolio LenderSeller Financing

How Do I Analyze a Duplex, Triplex, or

Fourplex?

Let’s look at 2 methods:

How Do I Analyze a Duplex, Triplex, or Fourplex?

1.) By Hand

Income - Expenses = Cash Flow


Income

Rent Laundry income Storage income

Expenses• Taxes

• Insurance

• Water

• Sewer

• Garbage

• Flood Insurance

• Electricity

• Loan Point/Fees

• Management Fees

• HOAs

• PMI

• Repairs

• Capex

• Vacancy

Let’s look at 2 methods:


2.) BiggerPockets Analysis Tools

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 •What to watch out for with 2/3/4s •Pro tools you can use in your 2/3/4 journey •Final “Door Prizes” •Question & Answer

Dangers to Be Aware of When Investing in Duplexes, Triplexes,

and Fourplexes

1.) The condition of the property, and location,

matter more than you think.

Dangers to Be Aware of When Investing in Duplexes, Triplexes, and Fourplexes

2.) Multifamily properties require more landlording than single family homes.


3.) Just because it’s a duplex/triplex/fourplex doesn’t mean

it’s a good deal.

You’ve got to do your math!


4.) Fear can cause you to never start, causing you to

miss out on the greatest gifts life has in store for

you.


Special Gift:

www.BiggerPockets.com/DuplexBook

Investing in real estate can often feel like this:

BiggerPockets is here to help you NOT jump off a cliff, but to walk a well traveled path.

This is not just theory.

This is how thousands of real estate investors, including myself,

have found financial freedom.

So… here are three big questions:

Do you have some ideas of how you will start looking for duplexes,

triplexes, or fourplexes?

Do you have some ideas on how you’ll finance those

investments?

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

Well - here’s some (potentially) bad news:

“If more information was the answer - we would all be

billionaires with perfect abs.”

-Derek Sivers

“If you really want to do something, you’ll find a way. If you don’t, you’ll

find an excuse.”

- Jim Rohn

I don’t know why you came here today.

I don’t know why you came here today.

Tired of working your full-time job

Need to start preparing for your future retirement

Tired of being a “wantrapreneur.”

Our goal at BiggerPockets is to make you reach your financial goals through real

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using duplexes, triplexes, and fourplexes to find...using duplexes, triplexes, and fourplexes to...

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