Change is good, right?

We hope so – because in this episode of the BiggerPockets Podcast, we change a lot of things up and invite you to come sit in the BiggerPockets digital coffee shop and listen in on a fascinating discussion! For the first time, we bring back a previous guest on the BiggerPockets Podcast to move beyond “their story” and dig into the dirty details on a very popular and important topic: multifamily rental properties.

Today Ben Leybovich, who shared with us his powerful journey almost a year ago on episode 14 of the BiggerPockets Podcast, is going to talk with us about what it takes to succeed as a multifamily investor – looking beyond the numbers and truly investing in the right kind of properties.

As I said- this show is a little different. Rather than just an interview, we decided to make this episode more of a “conversation” between Ben, Josh, and myself – discussing (and often loudly debating) everything from “what kind of properties to buy,” “what kind of location someone should buy in,” and a long debate on one of Brandon’s most recent purchase- the ugly purple triplex.

Although this is our longest show, at almost two hours in length, I think this is one of the most powerful podcasts we have ever done because it’s totally unfiltered, deep, and raw. Come be a fly on the wall in our “digital coffee shop” and discover everything you ever wanted to know about investing in multifamily rental properties.

In This Show, We Cover:

Managing single family versus multifamily properties
Why cash flow is not enough to base your decisions on
Brandon’s “Waldo” property: good, bad, or something else? (Leave your opinion on the debate in the comments below!)
The Validity (and Problems with) the “Rental Property Rules“
The 13 Steps to Analyzing a Multifamily Property
How valuation differs between single family and multifamily
Dealing with studio or one bedroom apartments
Why Ben doesn’t like 2 bathrooms in an apartment
Ben tells Josh to “shut up“
How to really learn what expenses will be
And a lot more!

Links from the Show

BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
How I Found, Analyzed, and Bought an Ugly Purple Rental Property (Waldo) by Brandon Turner
Should I Buy a Rental Property with Great Cash Flow in a Bad Location? by Brandon Turner
How to Buy a Small Multifamily Property by Brandon Turner
Bigger Pockets Rental Property Calculator
Bigger Pockets Fix and Flip Calculator
The 50% Rule: How to Quickly Analyze a Multifamily Investment Property
BiggerPockets.com/meet (Find Local BiggerPockets Members)

Books Mentioned in the Show

Landlording on Auto-Pilot by Mike Butler
13 Steps to Valuing Your First Multiplex – A Step by Step Guide [Kindle Edition] by Ben Leybovich

Tweetable Topics

Connect with Ben

Ben’s BiggerPockets Profile
Ben’s Website: JustAskBenWhy.com

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200: Living a Life of Thanksgiving (Nathan Johnson)