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 […]
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 […]
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 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 […]
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 […]
Why is it that someone would choose to rent versus own their home? After all, we have all heard that the American Dream is home ownership. Don’t people rent only because they have to, and not by choice? Not exactly… The “American Dream” Has Changed People’s preferences are changing. Here are a few characteristics of […]
Did you know that it is possible to invest in real estate while working your day job? And without being a stressed out fix and flipper? There are various strategies and niches that support those just like you and I whose primary focus in their professional field. If you are a busy professional, you want […]
When acquiring multifamily assets, there are general subjective categories of housing that are based on demographics, age of build, quality and rents that they command. The industry generally categorizes them from Class A through Class D, based on those aforementioned characteristics. Various Housing Classes Class A – Class A housing are the most desirable. Typically […]
As working professionals, we have much to manage: our current work responsibilities, staying on top of our professional growth, family life at home and a changing world. Most of us work daily as a means to provide for our families and living needs. Especially now, due to rising values and surplus money we may feel […]
I want to share with you the most imporant lesson, one that caused me to rethink my approach to real estate and wealth building altogether. Next Level Investing Involves Teamwork To get to the next level, in addition to creating systems, planning for scale and working through the discomfort, I learned that I must stop […]
Income is so essential to multi-family investments that without it, there is no return. The primary source of income in multi-family operations is rent. In many cases there are other smaller sources of income such as storage, laundry use and other add-on luxuries. It is great to identify additional sources of income where possible. However, […]
When it comes to multifamily operations, management of net operating income is key to creating value. Aside from optimizing income by increasing occupancy and getting to market rent levels, management of expenses is also key. Below are the three largest expenses in management of multifamily assets. Repairs/Maintenance Repairs and maintenance can be costly, especially when […]
Making Friends Online With the creation of the internet, a world of opportunity has been created for learning new topics, sharing ideas and meeting like-minded individuals. Especially when it comes to niches such as horse breeding, Mediterranean diets or multi-family real estate investing, the internet affords people opportunities that they would not have in real […]
What does it take to invest well and achieve great wealth? Talent, know-how, resources? Of course. However, my argument is that more critical to investment success is mindset. Mindset governs everything else.Mindset governs the behaviors that lead to believing bigger, deciding to invest, and maintaining discipline. Believes Bigger Any entrepreneur or wealth builder eventually comes […]
The Trade-Off With Stocks For those who invest in stocks, often in choosing your alternatives you are faced between a high-growth company and a mature company. The high growth company offers much upside potential at the price of a higher Price-to-earnings (P/E) multiple, whereas the mature company has less growth potential and its P/E multiple […]