There are tons of ways to add value to your multifamily investment. Some may be physical improvements such as paint, additions and landscaping and others may be operational in nature such as raising below-market rents, reducing expenses by negotiating better contracts or new sources, and the list goes on. But there is one great and […]
I once read that the average person will experience a financial windfall at some point in their lifetime, and I believe it. Although you may not have this type of money today, it certainly is a good exercise to think about what you would do with it for two reasons: 1) It will help you […]
It pays to model what the greatest do, and it is no different when it comes to investing. Some of the greatest icons in investing, people like Sam Zell and Warren Buffett, certainly unique qualities and talents, but I would argue that what is most effective in their success were qualities that they chose to […]
Along with the T-12, reviewing the rent roll is a great starting point at underwriting apartment investing opportunities. While information on the rent roll must be verified during due diligence, it makes for a great source of the following information. Upcoming Vacancies The rent roll should show the names of residents as well as their […]
If you are considering actively or passively investing in apartment syndications, it is probably a good thing to know the biggest drivers of operating expenses. Management, or mismanagement and lack of preparation, of these expenses can make, or break, your investment plan. So pay attention to these two top drivers of operating expenses in most […]
Today, on the video channel, I discuss how to creat habits that allow us to overcome our inherent and paralyzing fear of risk. SHORT SUMMARY: 1️⃣ Most of us see risk as a bad thing, but it is simply something to be managed. 2️⃣ Without even realizing it, we deal with risk in most of […]
When investing in apartment syndications, whether actively or passively as a limited partner (LP) it is important to know and understand the key successful factors from the property management team. First of all, the property management can make or break the investment opportunity by either underperforming to the plan or executing with solid performance. One […]
Today, on the video channel, I discuss recessions and the clues from the news that indicate its imminence. SHORT SUMMARY: 1️⃣ Americans have experienced economic expansion for the last 12 years. 2️⃣ We feared the next recession in 2020 during the start of the COVID crises; however, that crisis was averted (rather, prolonged). 3️⃣ Our […]
Today, on the video channel, I talk about the four reasons that I believe real estate is the best asset class on the planet. SHORT SUMMARY: 1️⃣ Builds Equity: Over time, as values increase in line or above the rate of inflation, owner equity increases. 2️⃣ Debt Pay-Down: Each month, the paying tenant makes a […]
1. Get Educated It pays dividends to invest in your thinking. What is financial freedom? How do the wealthy create their wealth? What is passive income? Is it possible for passive income to replace earned income? Reading and understand these concepts is a prerequisite to massive action in apartment investing. After creating the growth mindset, […]
Today, on the video channel, I talk about the criticality of Long-Term thinking in the investment decision. SHORT SUMMARY: 1️⃣ I share an interesting story of a conversation I overheard while working out. 2️⃣Nothing massive and meaninful ever happens overnight and exceptions are the outliers. 3️⃣ Maintain the discipline to invest with the intent of […]
Today, on the video channel, I talk about why I decided not to sell my second rental. Short Summary: 1️⃣ Rates have recently doubled and buyers will demand less. 2️⃣ I appreciate this passive income source and the cash flow. 3️⃣ The property is in great shape with minimal capital expenditures needed. 4️⃣ I will […]
As busy professionals who aspire to grow passive income and wealth through real estate estate it can be difficult for us to become immersed in the world of apartment investing. With little available time, it becomes more consuming simply finding the resources to network, let alone making the time. Here are three ways any busy […]
I noticed in the many stocks vs. real estate comparisons that I have reviewed as well as discussions that I held with others that there are a few very important considerations that are often overlooked. Below are just a few: 1️⃣ Leveraged Returns While stocks may afford the opportunity to leverage through options trading or […]