Creating Cash Flow with Multifamily House Hacks with Jimmy Murray

Published: Dec. 20, 2022, 8 a.m.

b"In this episode, Jimmy Murray talks about owner-occupied multifamily investing. He shares common mistakes people could make and how to fix it, as well as how to manage tenants. collect cash flow, how to underwrite the properties, and what to look for.\\n\\n[00:01 - 08:15] Experience as a Owner Occupying a Multifamily\\nJimmy shares about his background and how he got into self-storage investing\\xa0\\nFinding that this is the singular best way to build wealth\\nLearning the ins and outs of the space\\xa0\\nCreating strategies that help benefit you and the tenants\\n\\xa0\\n[08:16 - 11:21] Handling Disputes With Tenants\\xa0\\nThe importance of setting rules from the beginning of managing the property\\nLearning through failures on how to handle disputes\\nWhen facing difficult challenges, remember why you started\\n\\xa0\\n[11:22 - 21:27] How to Avoid Common Mistakes and How to Fix It\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\nFiguring out how to do turnovers because it\\u2019s not an actual turnover\\nAlways do your homework upfront\\nDo things right the first time and don\\u2019t find the cheap way out\\n\\xa0\\n[21:28 - 27:50] Closing Segment\\nQuick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\xa0\\n\\nWhat is the best investment you've ever made other than your education?The current tax lien he is working on\\n\\nJimmy Murray\\u2019s worst investments\\xa0The first flip that he did\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?Finding the right partner and setting up partner agreements\\xa0\\n\\n\\nConnect with Jimmy Murray:\\nSocial media: Facebook, Instagram\\xa0\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201c If you can provide that quality product upfront and take care of your tenants the right way, I think that it's gonna provide a much longer runway of sustainable success as a real estate investor.\\u201d - Jimmy Murray"