MB 010: How to Go From a Few Rentals to a 168 Unit Apartment Building Deal With Joe Fairless
Join me as I interview Joe Fairless share his journey from just a few rental properties to his first apartment building deal, a whopping 168-unit property!
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 005: From Full Time Job to Apartment Empire with Brian Burke
Brian Burke started flipping houses on the side while still employed full time. Over the years, he’s not only built the house flipping business but amassed several hundred multi-family apartment building units. Let’s listen to his story!
For more free articles, podcasts, and videos about apartment building investing, please visit TheMichaelBlank.com.
How to Fine Tune the P&L to Determine the Maximum Purchase Price for an Apartment Building Investment
Once an asset is stabilized, a good rule of thumb is to assume that rent will increase by 3% as well as the expenses. The Syndicated Deal Analyzer uses this as its default in the 10 year profit and loss (P&L) projection. Sometimes, however, you will want to fine-tune the P&L. For example, let’s assume […]
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 […]
What Should Your Apartment Building Investment Criteria Be?
Before you start investing in real estate, you have to be clear about your investment criteria. I call this your “trading rules”. Many years ago, I spent a year or so trading options. I took a bootcamp and signed up with a mentor. I did OK (I made an average of 7% during this time, […]
The 50% Rule to Quickly Analyze an Apartment Building Investing Deal
Imagine you get in a deal from one of your brokers. Now what ….?
If you’re anything like me when I first got started, I didn’t look forward to analyzing the deal because I knew it would take me hours. I found that if you don’t get back to the broker within a few days with some feedback, they’ll stop taking you seriously and may stop feeding you deals.
Instead, what we need to do is to quickly analyze the deal to answer the question “what is the most I would pay for this deal, and why?” and get back to the broker as quickly as possible.
In this post’s how-to video, I use the Syndicated Deal Analyzer with the “50% Rule” to quickly analyze an apartment building deal as it comes in.