New investors often assume they need to start small with single-family properties before scaling up, but Michael Blank, an expert in apartment building investments, advocates for diving into multifamily properties from the start to accelerate success. In this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Michael, whose company oversees over $300 million in multifamily assets and has guided students in acquiring over 14,000 units. As a bestselling author and podcast host of “Financial Freedom with Real Estate Investing,” Michael shares his insights into leveraging multifamily properties as a pathway to financial independence.
Jonathan and Michael dive into the evolution of real estate investing, highlighting how strategies have shifted over the years and why relationships are key to creating successful deals. Michael explains the challenges of single-family investing, the importance of teamwork in scaling, and how brokers off the MLS drive most deals. They also discuss overcoming fears of starting with multifamily properties, balancing growth with quality of life, and insights from Michael’s mentoring program.
You’ll hear more from Jonathan and Michael on:
- Single-family real estate investing isn’t a path to financial freedom because of the constant work and oversight.
- Building a strong team and leveraging their skills can help you overcome the misconception that you need years of experience before pursuing multifamily properties.
- Due diligence is crucial to success in multifamily investing.
- Finding a mentor to guide you and building relationships in the industry can help you find success faster in multifamily investing.
If you dream of true financial freedom, Michael Blank explains why you don’t have to spend years toiling away in single-family homes before reaping the benefits of multifamily properties.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/193/.