Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

You NEED To Do This Before You Get Into Multifamily

5 Jul 2023 · 1 min

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Christian Osgood says you don't need money to start in multifamily real estate, but you absolutely need to know your own finances first. Write down your income, expenses, and cash on hand. Without that baseline, you can't figure out which deals or strategies actually work for you.

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You need to do this one thing before you get into multifamily investing. You have to know where you're at financially. Do you need money to invest? Absolutely not. You can buy things zero down, you can raise private capital, there's a ton of ways around it. However, if you don't know your starting point, there's absolutely no way that you're going to win at this game. The options that you have if you have a quarter million saved versus no dollars saved are different, as is the deal structure. Don't let that slow you down, but before you get started, take a note. What are my incomes? What are my expenses? And how much cash do I have on hand today? As long as you have that noted and written down, you're going to know what plays you have available to you in the future.