Multifamily Investing
From duplexes to 200-unit value-add deals
Multifamily is the most-understood CRE asset class — and the most competitive. This course covers small (5-20 unit), mid (20-100 unit), and institutional (100+ unit) multifamily, the unique financing options (agency debt from Fannie/Freddie), value-add strategies, and how to underwrite a deal in any sub-segment.
Download the Multifamily Investing Workbook
Printable PDF with exercises, worksheets, and fill-in notes designed to go alongside every lesson in this course.
What you'll learn
- Underwrite a small, mid, and institutional multifamily deal
- Access agency debt through Fannie Mae, Freddie Mac, and HUD
- Execute value-add plays: unit renovations, amenity upgrades, operational efficiency
- Understand market rent, LRO, loss-to-lease, and other multifamily-specific metrics
- Evaluate Class A, B, C, and D multifamily properties
Lessons
- 01
The Multifamily Landscape — Sub-Segments and Strategies
Multifamily isn't one asset class — it's many. Small, mid, and institutional, plus Class A through D. Understanding the segments is the first step to investing.
11 min - 02
Underwriting a Multifamily Deal
How to underwrite a multifamily deal — reading the rent roll, validating the T-12, building the pro forma, and stress-testing the assumptions that drive returns.
12 min - 03
Agency Debt and Multifamily Financing
How to finance multifamily — Fannie Mae, Freddie Mac, HUD, bank loans, bridge debt, and the financing options that make multifamily uniquely attractive.
12 min - 04
The Value-Add Multifamily Playbook
How to execute a value-add multifamily strategy — unit renovations, common area improvements, expense reduction, and the rent push that makes the math work.
12 min - 05
Multifamily Market and Submarket Analysis
How to evaluate a multifamily market — population, jobs, supply pipeline, rent growth, and the submarket signals that drive value-add success or failure.
11 min - 06
Small and Mid Multifamily Strategies
How to invest in 5-100 unit multifamily — the segment where most active investors operate, plus house hacking, BRRRR, and the path from small to mid scale.
11 min - 07
The Multifamily Investor's Playbook
Putting it all together — how to build a multifamily portfolio from first deal to scale, with a Central Florida case study and the lessons that matter most.
11 min
Up next — Course 15
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Recession-resistant, management-light, and still fragmented