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/111worksheet

Welcome & Thanks!

WORKSHEET: www.BiggerPockets.com/111worksheet

You are in the right place if…

WORKSHEET: www.BiggerPockets.com/111worksheet

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.

WORKSHEET: www.BiggerPockets.com/111worksheet

You are in the right place if…

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

WORKSHEET: www.BiggerPockets.com/111worksheet

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/111worksheet

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/111worksheet

Get the Worksheet:

www.BiggerPockets.com/111worksheet

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.

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

Who am I?

Brandon Turner Real Estate Investor & Landlord

Who am I?

Brandon Turner Real Estate Investor & Landlord Co-host of the BP Podcast

Who am I?

Brandon Turner Real Estate Investor & Landlord 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

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 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 Craigslist

MLS/Agent

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

Driving for Dollars Craigslist Direct Mail

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
• Loan Point/Fees
• Management Fees
• HOAs
• PMI
• Repairs
• Capex
• Vacancy

Let’s look at 2 methods:

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

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

• 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

Special Gift:

www.BiggerPockets.com/DuplexBook

Investing in real estate can

• ften 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?

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 estate.

So we’ve created some incredible tools to help you get there faster and with less pain.

BiggerPockets Pro

PRO Tools on BiggerPockets

The BiggerPockets Property Analysis Software

PRO Tools on BiggerPockets

The BiggerPockets Property Analysis Software BiggerPockets.com/meet

PRO Tools on BiggerPockets

The BiggerPockets Property Analysis Software BiggerPockets.com/meet The BiggerPockets Marketplace

PRO Tools on BiggerPockets

The BiggerPockets Property Analysis Software BiggerPockets.com/meet The BiggerPockets Marketplace Keyword Alerts (with SMS)

PRO Tools on BiggerPockets

The BiggerPockets Property Analysis Software BiggerPockets.com/meet The BiggerPockets Marketplace Keyword Alerts (with SMS) Unlimited Webinar Replays

PRO Tools on BiggerPockets

Discounts and Special Promotions Through BP Perks Access to the Pro-Only Forum on BiggerPockets Build trust with a Profile Introduction Video Pro Badge - (Show the world you are serious!) Support the mission of BiggerPockets

Other Benefits of a Pro Membership

BiggerPockets PRO

How much is BiggerPockets Pro?

BiggerPockets PRO

$100,000 $50,000 $20,000 $10,000

How much is BiggerPockets Pro?

BiggerPockets PRO

$100,000 $50,000 $20,000 $10,000

How much is BiggerPockets Pro?

$290 per year

BiggerPockets PRO

$100,000 $50,000 $20,000 $10,000

How much is BiggerPockets Pro?

$290 per year

but…

Get 20% OFF by using code “111” on the checkout page

Bonus #1

$58 per Year Value

Get The 2012 BiggerPockets Conference Audio (over 25 hours of real estate audio training) for FREE.

Bonus #2

$300 Value

Get a digital copy of “The Book on Investing in Real Estate with No (and Low) Money Down” for FREE

Bonus #3

$19 Value

Get the digital audiobook

• f “The Book on

Investing in Real Estate with No (and Low) Money Down” FREE

Bonus #4

$19 Value

Get the digital bonus book “How to Find Incredible Real Estate Deals” Plus seven mp3/ video interviews with creative investors!

Bonus #5 & #6

$19 Value

Get a 2-hour video recording of “How to Invest in RE with No (and Low) Money Down”

• FREE

Bonus #7

$200 Value

Annual vs. Monthly?

Annual vs. Monthly?

20% Ofg 20% Ofg +

2012 Conference Audio No & Low Money PDF No & Low Money Audio 7 One-on-One Interviews How to Find Deals PDF 2-hour Video

Take Action Today! To Get These Discounts, Head to BiggerPockets.com/ProUpgrade

Use Code: 111

• 20% Ofg BiggerPockets Pro Annual
• 2012 Conference Audio - 24+ hours
• All Webinar Replays
• Digital “No (low) Money” Book
• Digital “No (low) Money” Audiobook
• Mp3/Video Interviews with creative investors
• How to Find Incredible Deals digital bonus book
• “Investing with No Money” 2-hour video

$58/year value $300 value Not for sale! $19 value $19 value $19 value $19 value $200 value $600+ value in bonuses!

Pro vs. Plus

What if you are already a Pro?

Get the goodies for free at
 http://www.biggerpockets.com/webinar/bonus

Questions?

Remember - I’m not a lawyer, cpa, doctor, chef, or your mother. Talk to the right people.

Special Gift #1:

www.BiggerPockets.com/books

Special Gifts #2 & #3:

www.BiggerPockets.com/111slides www.BiggerPockets.com/7years

(At the end!)

Take Action Today! To Get These Discounts, Head to BiggerPockets.com/ProUpgrade

Use Code: 111

• 20% Ofg BiggerPockets Pro Annual
• 2012 Conference Audio - 24+ hours
• All Webinar Replays
• Digital “No (low) Money” Book
• Digital “No (low) Money” Audiobook
• Mp3/Video Interviews with creative investors
• How to Find Incredible Deals digital bonus book
• “Investing with No Money” 2-hour video

$58/year value $300 value Not for sale! $19 value $19 value $19 value $19 value $200 value $600+ value in bonuses!