A question that I usually get from new investors is how much cash is needed to invest. When investing passively with active syndicators, each will have their own minimums. Usually, the typical minimum is around $50,000. This article is written on the assumption that, as a working professional, liquid cash is not the option. Below […]
What does it take? What does it take to be truly successful in building lasting wealth from real estate investing? Is it finding great deals? What about having great partners? Is it access to capital? All of these are critical assets and resources, but even deeper is something more foundational, and the good news is […]
This past weekend was insanely amazing! I attended the Jake and Gino Multifamily Mastery 4 conference in Orlando, FL, just an hour away from where I reside in Melbourne, FL. What a great treat it was! Actually, it was infinitely more rewarding than I could have imagined. Let me explain. Solidify Relationships For the last […]
I recently had the chance to tour an Orlando apartment complex listed for sale for a team of investing partners looking for assets in Florida. I was hopeful that this 1975 property would be a great fit for their criteria, in wonderful condition and in a solid area. The marketing package mentioned how close this […]
Why I am excited for this weekend…. I am very excited for the upcoming Jake and Gino Multifamily Mastery 4 conference in Orlando. Since beginning this apartment investing journey, this will be my second conference and my first in-person conference. One of the unique characteristics of the pandemic was the ability to do many things […]
Capital expenditures is as much a part of doing business as changing diapers is a part of being a parent. Capex, short for Capital Expenditures, are expenditures made are required to improve a property or maintain its useful life. They are different from operating expenses, which include maintenance and repairs. Whereas operating expenses can be […]
We often talk about wealth building as the most attractive part of being a multifamily investor. But there is great responsibility in this business. As active syndicators, we serve two very important stakeholders: investors and residents. Unfortunately, most content is about the former, and not enough discussion exists about the wonderful service we get to […]
When investing in apartments, the one thing that matters, after the health, safety and welfare of your residents, is income. Income is fundamental to multifamily investing and without it, there is no value or reason to own these types of assets. During the holding period, the ability to increase income through maximizing rental income and […]
For anyone familiar with Dave Ramsey’s teachings, a very core area of his financial peace guidance is to get out of debt. The strategy and phenomenon he uses to describe this is the Debt Snowball. Here’s how it works. Debt Snowball When you commit to paying of your personal debt, start by paying the lowest […]
I have interacted with many people who have been interested in learning about the wealth-building power of real estate and means by which they can invest. Since having begun my education journey in 2013, I have utilized various resources – 99% percent of them are free – to catapult my knowledge and allow me to […]
Many beginning or aspiring investors ask about the concept of buying a Turnkey Rental, which is just like it sounds: a rental property that is stabilized, or occupied by a tenant and needs (or should need) no work. The Appeal Turnkey rentals are appealing to many for obvious reasons: No work up front: the appeal […]
Competition for Real Assets This is certainly a competitive time for multifamily investors. During this inflationary period where prices are rising on everything from groceries to used cars, investors are seeking assets that can beat inflation. As a result, the multifamily space is doused with competition from investors who want better returns and downside risk […]
In today’s multifamily space, you have to look at twice as many apartment offerings to find one that pencils out. Whereas in the past where 1 out of a handful may check out, today, it could be 1 out of 100 deals and beyond that actually make sense. This is due to the competitiveness of […]
The insurance business is a great business model. In fact, it is so good from an investment standpoint that it is one of Warren Buffet’s favorite industries. Now, if the greatest investor of all time has a passionate favor of the insurance industry’s business model, then we should pay attention. And as I have studied […]
Whereas in the the single-family space, owners get a general gauge on going rents for like properties, In the multifamily asset class, it is essential to ensure that current rents are in alignment with that of the market. What is Loss to Lease? When current rates are lower than market rates for units in areas […]
Check out these 5 top questions that I found are among the most frequent that working professionals ask when they learn about my addiction to apartment investing. How Can a “Regular Person” Invest in Apartments? Yes, it is very possible, even common, for “regular people” to invest in apartments. Read Do I Have To Be […]
I had the privilege to join all-stars Daisy and Luc Serrano on the Make It Rain podcast. Their podcast is aimed at educating millennials on financial growth, wealth building and of course, apartment investing. The show, titled “Family, Faith and Financial Freedom,” centers around just that. My mindset is focussed on these three important areas […]
I am super thankful to have had the opportunity to join Brian Briscoe and Guest Tim Bratz on the Diary of Investor podcast. This podcast is truly like no other. Brian, the host, brings an experienced apartment investor on the show and one with less experience to discuss the industry, lessons learned and the best […]
Any great real estate investment market needs this one thing. Without it, there is no long term sustainable growth. It is evidence of other important fundamentals. What I am referring to is population growth. Population Growth Without population growth, your selected market is at risk of decline as well as your investment. There are plenty […]
I recently read “Syndication is a B*tch – And Other Truths You Haven’t Been Told” by Bruce Peterson and it is a game changer. For anyone who wants to someday syndicate multi-family deals, this is a must read. Whereas other books and resources speak primarily about how the process of syndication and the the wealth […]
One of the primary reasons that people invest in real estate is for the reward of appreciation. The pay day from appreciation is the sweetest part of every deal. But it is important to understand that while the end result of appreciation may be the same, the causes can be vastly different; therefore, not all […]
If you are not familiar with the attraction to real estate and the reason why most of the wealthy own it, this information will be insightful. Having read the 4 Wealth-Builders of Real Estate, you will learn that Cash Flow is one of those key wealth builders. Cash flow primarily comes from income generated from […]
There are so many ways to build wealth – certainly some are much riskier than others. The best type of investments are those that can withstand the cyclical nature of economics, those that do not take rare genius and impeccable timing and those whose returns are based on proven models and a track record of […]
Well, if you are reading this, thank you… The data shows that most people reading my blog are new visitors between the ages of 25 and 34 reading on their desktop during the day (likely during work) and checking out 1 or 2 articles. Many of these visitors are coming from internet searches. Pretty cool. […]
The due diligence process is the time to ensure that rents are as advertised and the potential for rent growth is as expected. Not doing so sufficiently can lead to the following problems: Having higher than anticipated unpaid rents Not receiving the rent values expected on day one Not achieving the anticipated rent growth Devastating […]