The Multifamily Millionaire, Volume I: Achieve Financial Freedom by Investing in Small Multifamily Real Estate

by Brandon Richard Turner, Brian Harold Murray

Overview

The wealthy don't get rich one house at a time—they use multifamily real estate investing to scale their cash flow and achieve lifetime financial freedom.

Brandon Turner (longtime cohost of The BiggerPockets Podcast and author of The Book on Rental Property Investing) and Brian Murray (author of Crushing It in Apartments and Commercial Real Estate) have joined forces to reveal the strategy behind millions in real estate wealth. Now you can access the exact framework that's already created countless multifamily millionaires! 

Turner went from minimum wage to millionaire by 30, while Murray built a $50+ million real estate empire that landed on the Inc. 5000 list for five consecutive years. It's not about lucky breaks or perfect timing—it's about understanding market fundamentals, analyzing deals with precision, and executing a repeatable system that transforms single properties into portfolio-building machines. 

Together, these two powerhouses have created one comprehensive book series to give you everything you need to invest BIG in real estate. This two-volume series provides a complete roadmap: Volume I covers small multifamily (2-20 units) that you can finance and manage personally, while Volume II tackles large-scale commercial deals. Whether you're buying your first duplex or ready to acquire apartment buildings, this series delivers the battle-tested blueprint for building serious wealth.

In Volume I, you'll learn how to:

Build a million-dollar net worth in five years using The Stack method

Identify profitable properties using crystal-clear criteria

Analyze deals quickly and accurately with proprietary expense algorithms

Secure properties with no money down using creative financing

Find incredible off-market deals even in competitive markets

Live for free while building wealth through house hacking strategies

Scale your portfolio rapidly with the BRRRR method

Manage properties like a five-star business that tenants love

Transition from small deals to large commercial investments

Product Details

ISBN-13:	9781947200951
Publisher:	BiggerPockets
Publication date:	08/24/2021
Series:	The Multifamily Millionaire , #1
Sold by:	Barnes & Noble
Format:	eBook
File size:	5 MB

About the Author

Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. He was the longtime co-host of The BiggerPockets Podcast, and he's the author of seven books that have sold more than a million copies combined. A life-long adventurer, Brandon (along with his wife and daughter) splits his time between his home in Hawaii and various other destinations around the globe.

Brian Murray is the best-selling author of Crushing It in Apartments and Commercial Real Estate and a real estate investor with more than thirteen years of experience. He is founder and CEO of Washington Street Properties, a commercial real estate investment and property management company that has been ranked on the Inc. 5000 list of the nation’s fastest-growing private companies for five years. He is also the key principal and asset manager for Open Door Capital, a real estate investment firm that helps clients achieve superior returns through the acquisition of value-add manufactured housing communities.

Brandon Turner is an author, entrepreneur, and active real estate investor with more than 500 rental units and dozens of rehabs under his belt. He is the vice president of BiggerPockets, a cohost of The BiggerPockets Podcast, and the author of seven books, including best sellers like The Book on Rental Property Investing and How to Invest in Real Estate. Combined, his books have sold more than a million copies. Brandon has been featured in numerous online and print publications—including Forbes.com, Entrepreneur.com, and Money magazine—where he enjoys showing others the power and impact of real estate investing and financial freedom. A lifelong adventurer, Brandon (along with his wife and daughter) splits his time between his home in Kihei, Hawaii and various other destinations around the globe.
Brian Murray is the best-selling author of Crushing It in Apartments and Commercial Real Estate and a real estate investor with more than thirteen years of experience. Without raising any outside capital, Brian bootstrapped his way from newbie investor to founder and CEO of Washington Street Properties, a commercial real estate investment and property management company that has been ranked on the Inc. 5000 list of the nation’s fastest-growing private companies for five years. In 2015, Brian was recognized with a Gold Stevie Award for Executive of the Year in the real estate industry. He is also the key principal and asset manager for Open Door Capital, a real estate investment firm that helps clients achieve superior returns through the acquisition of value-add manufactured housing communities. He currently lives in Alpharetta, a city just north of Atlanta, Georgia.

Table of Contents

Preface

Chapter 1: An Introduction to Multifamily Properties

Chapter 2: Financial Freedom in Five Years?

Chapter 3: Getting Crystal Clear on Your Criteria

Chapter 4: Property Type (CCC No. 1)

Chapter 5: Choosing Your Location (CCC No. 2)

Chapter 6: Property Condition (CCC No. 3)

Chapter 7: Price range (CCC No. 4)
Chapter 8: Profitability & Analysis (CCC NO. 5)*

Chapter 9: The Multifamily Model

Chapter 10: The Strategy for Finding Great Deals

Chapter 11: Finding Small Multifamily Deals On-Market

Chapter 12: Finding Small Multifamily Deals Off-Market

Chapter 13: Walking a Property—What to Look For

Chapter 14: Traditional Financing for Small Multifamily Properties

Chapter 15: Creative Financing Part I: House Hacking
Chapter 16: Creative Financing Part II: Partnerships
Chapter 17: Creative Financing Part III: BRRRR
Chapter 18: Making an Offer That Sticks

Chapter 19: Due Diligence

Chapter 20: Managing Small Multifamily Properties

Chapter 21: Accounting, Taxes, Legal Entities, and Terrible Puns

Chapter 22: Getting to the Next Level

Appendix A: Multifamily Repair Budget Algorithm (MRBA)
Appendix B: Multifamily Capital Expenditure Budget Algorithm (MCEBA)
Acknowledgments

What People are Saying About This

From the Publisher

Praise for The Multifamily Millionaire series

"Brandon and Brian continue to highlight the opportunities available in real estate…This book provides a straightforward way to achieve financial freedom through multifamily!”
—Michael Blank, author of Financial Freedom with Real Estate Investing

“A reference guide that should be read slowly and studied intensely, Multifamily Millionaire seems like a college course disguised as a book. Brandon Turner is a trusted voice in real estate education.”

—John Soforic, author of The Wealthy Gardner

“The crazy thing about real estate investing is just how attainable it is for anyone—and Brandon and Brian do a masterful job of showing just how to build your own portfolio.”

—Steve Sims, author of Bluefishing: The Art of Making Things Happen

“This book put a spotlight on my dreams and challenged me to think way bigger… in terms of not just money but legacy and impact.”

—Chris Greenwood, aka Manafest

“This is a clear and concise guide from someone who knows the business well… and [it] takes a fresh approach to some tired industry cliches. This book more than lives up to its title!”

—Seth Mosely, GRAMMY award-winning producer and songwriter

Praise for Brandon Turner's How to Invest in Real Estate

Winner of Indie Press Awards 2019
First and Second Place CIPA EVVY Awards 2019

”An insider’s perspective, full of encouragement and resources for newcomers… Interested readers will still find the book substantially useful as a starting point.”

—Kirkus Review on How to Invest in Real Estate

”I only wish this book had been written in 2005 when I was starting my real estate investing journey!”

—Ken Corsini, Real estate investor and star of HGTV’s Flip or Flop Atlanta

Praise for Brian Murray’s Crushing It in Apartments and Commercial Real Estate

Gold Award Winner, Nonfiction Book Awards

Gold Award Winner, 2018 Robert Bruss Real Estate Book Awards

“A strong choice in a crowded category.”

—Publisher’s Weekly

“Newbies and professionals alike will benefit from this volume, which is chock full of insight and solid investing advice.”

—BlueInk Review