How to Own the Majority of an Apartment Building Using Other People’s Money
Find out how you could end up owning the majority of a multifamily building even if you use other people’s money.
Merton Manor Apartments – 64 Units in Memphis
How to Know It’s Time to Walk Away From an Apartment Building Deal
How do you know how much many units you need in your portfolio to generate $5,000 in passive income per month? Find out in this step-by-step article!
MB 030: Top 10 Questions You Need to Ask Your Commercial Mortgage Broker
Make sure you know your lender’s underwriting requirements! Don’t lose a deal because you didn’t listen to this episode.
How to Know It’s Time to Walk Away From an Apartment Building Deal
But many times you DO uncover things during due diligence that you weren’t told about upfront or that you just didn’t know. Here are 4 tips to help you figure out when it’s time to walk away.
MB 007: How To Find Your First (Out-of-Area) Multi-Family Property Deal
http://www.TheMichaelBlank/session7: In this episode I cover how to go about getting your first deal in an area you’ve never been in. We’ll talk about cold-calling brokers, building trust, analyzing deals, scheduling the first trip to the area, conducting the meetings, and follow-up. Be sure to download the free eBook “How to Raise Money to Buy Your First Apartment Building”. Thanks for listening!
Estimating Acquisition and Closing Costs for Apartment Building Deals
Many beginning commercial real estate investors are shocked at how much it costs to perform due diligence for a deal and how high the closing costs are. While the latter are usually paid for at closing, the former must be paid with hard cash while doing due diligence. In the video below, I review the […]
MB 003: How to Analyze Apartment Building Deals
In this episode, my good friend Jonathan Mickles asks me a 101 questions about analyzing apartment building investing deals, and how to do so as quickly as possible. We talk about investment criteria, returns, the 50% rule, how to value commercial real estate, and how to determine the most you should pay for an apartment […]
Power Negotiating Apartment Building Deals with Side-by-Side Scenarios
When you get a deal in from your broker, the marketing package usually provides actual financials as well as “pro forma” financials, i.e. the way the building should perform if it were managed perfectly. Most often, the asking price is based on the pro-forma net operating income at the prevailing cap rate for that market. […]
How to Project Investor Returns When Analyzing Apartment Building Deals
Because I syndicate most of my apartment building deals with investors, my primary investment criteria are the returns for the investors. Even if you don’t use investors, your desired returns should drive your analysis. In this video, I use the Syndicated Deal Analyzer to project the returns for both the investors as well as yourself.