How to Buy Your First Small Multifamily Property in 2025

Episode #555 Simplify How You Manage Your Rentals (For Free!) with TurboTenant! https://www.turbotenant.com/biggerpoc... Find Your Next Deal with BiggerDeals: https://www.biggerpockets.com/listing... Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... Grab the Book, “The Multifamily Millionaire, Vol I”: https://store.biggerpockets.com/produ... Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-s... Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Beginner’s Guide to Investing in Your First Multifamily Property: https://www.biggerpockets.com/guides/... Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/a... Tony: https://www.biggerpockets.com/users/t... What if you could create multiple income streams and live for “free” with just ONE rental? Today, we’ll show you why a small multifamily property is still one of the best investments you can make and how buying one in 2025 could catapult you toward financial freedom! Welcome back to the “Real Estate Rookie” podcast! With less competition than both single-family homes and large multifamily properties, small multifamily is the “sweet spot” for investors looking to break into real estate and buy their first rental property. Ashley started her investing journey with a duplex and still believes this is the best investing strategy for rookies today. In this episode, she will show you how to find and buy your first small multifamily property, step by step! Along the way, you’ll learn everything from developing your buy box and analyzing rental properties to getting the best financing terms with the house hacking strategy. But that’s not all. Once you have your property under contract, you’ll need to know how to find and manage tenants, so we’ll share the biggest (and most common) multifamily management mistakes to avoid! 00:00 Intro 01:20 Why Small Multifamily? 06:16 Sponsor: TurboTenant! 07:26 The Power of House Hacking 14:36 Scaling Small Multifamily 19:35 The “Beginner” Buy Box 23:01 How to Find Deals 28:07 Deal Analysis 101 38:07 Management Mistakes 45:50 Multifamily Is a Win-Win