Christian Osgood bought four multifamily properties and generated hundreds of thousands in earned income plus $15,000 monthly cash flow. He argues larger deals, especially 5-50 unit properties, build wealth faster than buying many single-family homes.
Chapters
We move forward in a very massive way in only 4 transactions. It's why I love buying multifamily. We don't need to have that much success that often. Once a quarter, we need to do something. We made hundreds of thousands of dollars in actual earned income. We've added to our cash flow about $15,000 a month to Christian and Danny's family through these transactions. And we have added to our portfolio and helped expand our property management company into these markets where we're now adding more and more third-party business. We have grown our business in a massive way. Only succeeding 4 times. If you're in single family or you're trying to do your first deal and you're trying to buy small multifamily to do the same thing, you would've had to buy over 100 duplexes to get anywhere near the same volume that we got getting 4 successes. If you're trying to build financial freedom or you're trying to build a portfolio, you're trying to build your business, whatever your goals are, is always easier with larger properties. If you're buying your first one, anywhere between 5 and 50 units will do.