Nov 18, 2024
In this episode, host Nico dives into the most common mistakes new multifamily investors make and provides actionable strategies to avoid them. Topics include managing emotions versus numbers, accurately estimating expenses like taxes, insurance, and maintenance, the critical role of thorough due diligence, building the right team, and mastering the lending process. With personal stories and lessons learned, Nico shares valuable insights to help you confidently grow your multifamily portfolio.
Timestamps:
- 00:00 Introduction: Avoiding Costly Mistakes in Multifamily Deals
- 00:50 The Importance of Emotional Detachment
- 03:18 Underestimating Expenses: A Common Pitfall
- 06:44 Due Diligence: Non-Negotiable Steps
- 10:26 Building the Right Team
- 13:35 Starting Small and Learning Fast
- 14:37 Recap and Final Thoughts
- 15:26 Bonus Tips on Lending
- 16:43 Conclusion: Keep Sharpening Those Axes
Tune in to learn how to avoid costly mistakes and set yourself up for long-term success in multifamily investing!