Holding your money too tightly to invest for inspection would be a big mistake. Michael Sampson notes that it's important to work with a good real estate broker and have professional inspections done on your properties to make sure they're in good condition. He also advises patience when growing a real estate portfolio, as successes can take time to build.

[00:00 - 07:13] Lessons Learned from Multifamily Investing

• Spend money upfront for inspection
• Do your research and work with a good real estate broker
• Have an exit plan in place if things go wrong

[07:14 - 10:37] Multifamily Operator Finds Success with New Framework

• Be wary of residents with no presentable references
• Michael shares his tips for getting started in multifamily real estate
• Get educated and build your network through meet-ups

[10:38 - 13:06] Closing Segment

• Get the education you need
• Final words

Tweetable Quote:

“ You just have to go out and do it. It can be frightening at first, but once you get into it, it's almost just like a single-family home. It's just a bigger asset. And then you have to spend some money upfront on an inspection. That's the cost of doing business.” - Michael Sampson

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