1 rich Libsyn https://www.libsyn.com 90 600 Most multifamily content focuses on how to find deals. This episode focuses on what to know before you invest in one. Tamiel Kenney — 28-year investing partner to Mark and a GP on over 120 deals — takes the mic solo to cover the fundamentals that newer investors get wrong and the structural advantages of multifamily that experienced investors keep coming back for. In this episode you will learn: • How Tamiel and Mark have paid zero federal income taxes since 2016 — and why non-recourse debt changes the risk equation for multifamily investors • Cap rates explained clearly — what they are, how they determine property value, and why the NOI multiplier effect is multifamily’s biggest advantage • The four most common and costly mistakes Tamiel sees new investors make — including the one that quietly costs hundreds of thousands of dollars • Why getting only one property management budget is a mistake — especially in a new market • Why being undercapitalized is the mistake that damages deals most — and why you can’t rely on lender reimbursement timing to save you • Recommended Think Multifamily episodes for going deeper on deal analysis: Eps. 82, 144, and 145 A grounded, experience-first episode for anyone who is new to multifamily or wants to sharpen the fundamentals. Join us at our next event at https://thinkmultifamily.com/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify. &amp;nbsp; Read the full podcast shownotes, timestamps, resources, and key insights from this episode here: Podcast Show Notes Think Multifamily Podcast https://thinkmultifamily.com <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/26748876/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/151625997