WS1453: Getting Started in Multifamily Investing | Maggie Cheung

Published: Oct. 13, 2022, 7 a.m.

There\u2019s nothing more challenging yet exciting at the same time when one gets started in multifamily investing. Some may find success too elusive, while others can easily realize multiple revenue streams once they start dipping their toes into the waters.

In today\u2019s episode, real estate investor Maggie Cheung shares how she successfully built a real estate portfolio at a faster pace when she was just getting started in multifamily investing. Plus, she\u2019ll share the best tips when approaching a broker and why mentorship has played a big role in her real estate career.\xa0


Key Points From This Episode:\xa0

  • How Maggie transitioned from a career in auditing to a full-time real estate investor
  • What are the top tips when talking to a broker
  • What is the difference between underwriting today from a year ago
  • What are the biggest challenges in her business
  • What is the best source for meeting investors today
  • What are her best tips for passive investors
  • What are the metrics that she uses to track her success in the industry
  • How she gives back to the community

Tweetables:

\u201cPersistence, determination, never giving up\u2026 So just seeing through and just do the work, you'll get the results.\u201d

\u201cI completely 100% believe in daily habits, because that's how I was able to kind of continue doing 150 deals, underwritten 150 deals and still think that there is a result somewhere.\u201d

\u201cI still like to do a little bit of old-school meeting, meeting in conferences.\u201d

\u201cI think cashback checks are important. So that's what we're focused on right now..\u201d

\u201cThe thing is, the books, podcasts, conferences, meetups only will take you so far. So I think internally we know that nobody around us was actually doing the things that we want, I want to do next.\u201d

Links Mentioned in Today\u2019s Episode:

Sage investment Group

LinkedIn

Instagram

maggie@sageinvestingroup.com\xa0

About Maggie Cheung

Maggie Cheung is a Managing Partner at Sage Investing Group, where she specializes in passive and active real estate investing. Prior to this, she provided risk management services at The New York Times, Goldman Sachs and Morgan Stanley.

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