How To Build Your Commercial Real Estate Team and Get Your First Deal
In this YouTube video I cover how to go about getting your first commercial real estate deal in an area you’ve never been in. I’ve done this a few times now (Texas, Baltimore and Washington DC), and I’m currently applying the process to an area I’m just getting into: Richmond, VA. But the process is the […]
Here’s Why To Focus Like a Laser On Your First Deal
I want to talk to you today about the importance of focusing on doing your first deal.
You may have ultimate end-goals like quitting your job, working for yourself, securing your retirement or leaving a legacy for your children. In order to accomplish those goals with apartment buildings, you might determine that you need to own 100 units (or whatever the number).
Those are good and worthwhile goals, and they’re important. But if you’re just starting out on your journey, then you need an interim goal, something you can focus on, something you think you can achieve and something that opens the door to bigger things.
The one interim goal I’m talking about is to focus on your first deal.
MB 109: Leveraging the Law of the First Deal to Quit Your Job with Multifamily – with Michael Blank
Once you truly DECIDE to pursue multifamily, it takes 3 to 5 years to replace your income—and the process is set in motion via the Law of the First Deal. Today, I’m unpacking the phenomenon, helping you develop a concrete plan for quitting your job with apartment building investing!
MB 095: What Doesn’t Kill You Makes You a Better Multifamily Investor With Nathan Tabor
The problem with things being too easy is that you don’t learn. Just ask Nathan Tabor: His first multifamily deal went so smoothly that he was blindsided when major setbacks threatened to derail his second and third investments. Listen in to learn from Nathan’s mistakes around vetting financials, verifying zoning regulations and establishing work-life balance.
MB 077: How We Took Down Our First Multi-Family Deal (94 Units!) – With Pili and Jason Yarusi
When it comes to multi-family real estate investment, putting the blinders on and jumping in may be the best strategy. Today I’m on the line with Jason and Pili Yarusi, a husband-wife team with experience in construction who recently made the leap from flipping to multi-family. They share valuable advice around overcoming the mindset challenges associated with apartments, reaching out to mentors, and learning as you go.
MB 074: How I Did My First (69-Unit) Deal Without Experience or My Own Money – With Patrick Duffy
What gives a 27-year-old with no experience in multi-family the audacity to swing for the fence? Listen in on my call with Patrick Duffy as he shares the steps he took to partner with me on a 69-unit property in Memphis, how he made use of the act ‘as if’ approach to secure a letter of intent, and his best advice for working with investors. Learn how doing his first deal has changed the game for Patrick, as he aspires to reach 1,000 units in the next 12 months!
MB 073: The Secret to Quitting Your Job With Real Estate – With Brad Tacia
Landing your first multi-family deal is much like pushing over the first in a series of dominoes: The second and third deals fall in rapid succession. Today I’m speaking with Brad Tacia, whose story adheres to the Law of the First Deal. He shares the details of his first three multi-family deals, his experience with syndication, and his secret to making every day feel like Saturday through apartment building investing.
How to Structure Your First Syndicated Multifamily Deal
In my video last week (“What Passive Real Estate Investors Want (And How to Give it to Them!)”, I talked about what investors look for in regards to terms and returns. In this episode, I talk about the different ways you can structure the investment, from a simple loan to a more sophisticated entity with multiple members […]
MB 057: 3 Ways to Partner To Achieve Massive Success in Multifamily Investing – With Joe Fairless
Listen to Joe Fairless as he describes 3 ways to partner so that you can accelerate your success as a multifamily investor. The sooner you do your first deal, the sooner you’ll become financially free!
MB 056: Do Whatever It Takes To Do Your First Multifamily Deal – With Jordan Madewell
Listen to Jordan Madewell talk about his journey to his first multifamily deal, a 23-unit unit in TX that he did with a partner. He’s another 2-3 deals away from replacing his income, demonstrating yet again, the power of the first deal.