How To Be Taken Seriously as a Newbie Commercial Real Estate Syndicator
We syndicators have it rough: we try to buy apartment buildings without having the cash or credit ourselves to do so. Instead, we rely on a group of investors to put up most or all of the cash. Especially if we don’t have a track record, it’s tough to be taken seriously – by anybody, […]
How to Get Started with Apartment Building Investing
Hey everyone! In this article and Youtube video, I want to talk about what steps a newbie investor can take in the next three to six months to get started with apartment building investing. While the task can seem overwhelming, there are some well-defined and easy-to-do things you start doing today. Do a little bit […]
MB 006: Creating Value with Apartment Buildings with Tommy Bateman
I’m excited to be able to welcome Tommy Bateman to the show this week. Tommy started his career with a single town house in SE Washington DC that he bought with the help of his grandmother. His focus as been to find problem properties and add value in a short period of time, using the equity he creates to purchase more real estate. Today he owns apartment buildings, rentals, a property management company, and he loves development projects.
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 002: How I Got Started with Apartment Building Investing
In this Podcast episode, I talk about my story of how I started my apartment building investing career by buying a 12-unit building with a handful of investors. It took 5 months to close and then the fun started. People warned me about investing in Washington DC, but what happened next was even worse than […]
MB 001: Introduction | About Michael | What to Expect
Hi everyone, and welcome to my first Podcast! You can download the podcast to your computer or listen to it here on the blog. It’ll also be available on iTunes soon. In this first episode, I introduce myself and talk about some of my entrepreneurial ventures that have led me to today. I also talk […]
Top 3 Reasons to Raise Money for Apartment Building Investing
I was talking with Frank who was a newbie apartment building investor. He told me he would seriously start looking for deals (i.e. making offers) once he had enough money to invest. But he couldn’t really tell me when that was going to be. He said he couldn’t see himself putting a building under contract […]