Multifamily investors are constantly looking for troubled or underestimated properties where the cost to purchase is considerably under true market values. The following three steps are essential to assist new and veteran apartment owners find value that others do not. 1. Realize Value You must … [Read more...]
Million Dollar Views from a World Class Coach
I have coached over 1000 new and experienced investors on apartment deals since I began coaching in 2003. I truly believe that what you teach you become extremely sharp at. Training and coaching apartment investing has truly aided my own investing significantly. The marketplace has altered radically … [Read more...]
10 Professional Tips to Handling Your Property Manager
#1) Vital Information: The majority of property managers are not up to par!! In other words, 90% of experienced property managers can’t run your property to its maximum levels. Let’s be real, the property management business is a hard trade to make a profit in. They typically promise more than … [Read more...]
Creating a Plan of Action for Your First Apartment Building.
Establish Your Goal: To buy your first apartment in 90 days. Typically, this strategy is for purchasing cash-flowing, income-producing apartment deal with its own equity. Do Your Economic Examination: one of the most significant rules on what location to purchase apartment buildings in to buy where … [Read more...]
How to Purchase Your First Commercial Property with a Master Lease
How to purchase your first commercial property if you do not have 35% down payment cash, ideal credit, and millions in net worth? You must get creative. One way to do this is with a master lease. Master lease contracts have been around for hundreds of years. Think of a master lease as the "lease … [Read more...]
How To Keep Your Apartments Occupied – For Years to Come!
Last week, I met up with a 25 year old veteran property manager and apartment leasing expert. I listened earnestly just like an A student would. I jotted down lots of notes and asked a lot of questions. How often do people get the helpfulness of someone so knowledgeable and eager to share their … [Read more...]
How to Calculate Cash Flow…No More Spreadsheets!
Recently, I have come upon numerous amazing apartment deals all over the US with incredible cash flow and benefits. Way more than last year or even the year before! I questioned “why?”, and found the answer to be fairly simple. Several investors, who purchased these apartment investments, did not … [Read more...]
How to Become a Millionaire by Flipping Apartments
Over the last several years, a large amount of people, mostly new investors, bought apartments, big and small. These newbie investors assisted in keeping the economy stand strong by their buying and selling. Brokerages were thriving, lenders were exploding in development, and long-time owners were … [Read more...]
All You’ll Ever Need to Know About Finding Financial Partners…(Sort of)
A couple of months ago, I found myself an amazing apartment rehabilitation deal. I believed it was a huge score, a no-brainer. After finishing up the contract and performing some due diligence, I came to an astonishing realization. My financial partners that I worked with for years had disappeared! … [Read more...]
We’ve Got Your Bailout Money…Right Here!
Last year, we bought via short-sale a 200 unit apartment rehabilitation project that was only 20% inhabited at the time of closing. The entrance of the property is positioned on a very busy street and has numerous decent sized retail shops attached to the building. The shops are entirely occupied … [Read more...]
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