Using Duplexes, Triplexes, and Fourplexes to Find Financial - - PowerPoint PPT Presentation

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/1028worksheet

Welcome & Thanks!

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You are in the right place if…

WORKSHEET: www.BiggerPockets.com/1028worksheet

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.

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You are in the right place if…

You’ve done single family deals before but you are looking to branch into small multifamily

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You are in the right place if…

You work too much at your job and/or real estate and you need to find ways to streamline your business.

WORKSHEET: www.BiggerPockets.com/1028worksheet

You are in the right place if…

You have limited time to dedicate to real estate investing and you need to maximize every moment.

WORKSHEET: www.BiggerPockets.com/1028worksheet

Today we’re going to talk about…

Today we’re going to talk about…

Using Duplexes, Triplexes, and Fourplexes to Find Financial Freedom!

Financial Freedom!

Today we’re going to talk about…

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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

Today we’re going to talk about…

• 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.

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(At the end!)

About BiggerPockets

Who am I?

Who am I?

Brandon Turner

Who am I?

Brandon Turner Real Estate Investor & Landlord

Who am I?

Brandon Turner Real Estate Investor & Landlord VP @ BP

Who am I?

Brandon Turner Real Estate Investor & Landlord VP @ BP I am a sledding/tubing fanatic!

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 $2,000,000 IN REAL ESTATE, ABOUT A DOZEN PROPERTIES WITH 42 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.

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.

Special Gift:

www.BiggerPockets.com/DuplexBook

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So… why duplexes, triplexes, and fourplexes?

Why Duplexes, Triplexes, and Fourplexes?

Cash Flow

Why Duplexes, Triplexes, and Fourplexes?

Cash Flow

Why Duplexes, Triplexes, and Fourplexes?

Residential Financing

Cash Flow

Why Duplexes, Triplexes, and Fourplexes?

Residential Financing Less Competition

Cash Flow

Why Duplexes, Triplexes, and Fourplexes?

Residential Financing 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

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

MLS/Agent

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

Driving for Dollars

MLS/Agent

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

Driving for Dollars Networking

MLS/Agent

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

Driving for Dollars Networking Craigslist

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

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

FHA

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

FHA

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

203(k)

FHA

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

203(k) Conventional

FHA

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

203(k) Conventional Portfolio Lender

FHA

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

203(k) Conventional Portfolio Lender Seller 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

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

Income

Rent Laundry income Storage income

Expenses

• Taxes
• Insurance
• Water
• Sewer
• Garbage
• Flood Insurance
• Electricity
• Vacancy
• Loan Point/Fees
• Management Fees
• HOAs
• PMI
• Garbage
• Flood Insurance
• Repairs
• Capex

Let’s look at 2 methods:

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

2.) BiggerPockets Analysis Tools

Dangers to Be Aware

• f 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.

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

3.) Just because it’s a duplex/ triplex/fourplex doesn’t mean it’s a good deal. 
 You’ve got to do your math!

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

4.) Fear can cause you to never start, causing you to miss out on the greatest gifts life has in store for you.

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

Investing in real estate can often feel like this:

BiggerPockets is here to help you NOT jump

• fg a clifg, 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?

Are you prepared to analyze deals correctly to ensure positive cash flow?

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 estate.

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