6 Common Excuses That Keep You From Investing (& How to Banish Them!)
One of the key factors that prevents people from taking action is making EXCUSES. Here are the 6 most common excuses so that you can recognize and overcome them. Many investors think that they need to quit their job to get started in real estate. Not true! Many investors successfully build large portfolios over the […]
5 Tips to Use Visualization to Become a Successful Real Estate Investor
You can acquire all the knowledge in the world about real estate investing, but chances are, you still have trouble seeing yourself doing the kind of deals you want. This is because our minds tell us that this isn’t possible, that we’re not good enough, that we’re too young or too old, that we don’t […]
3 Ways to Deal With Real Estate Risk Without Letting it Paralyze You
As real estate investors, we recognize that we need to take risk in order to reap any rewards. But how should you go about dealing with this risk? What’s too risky, what’s an educated risk, and when are we not taking enough risk? In this article I give you my thoughts on how I deal with […]
8 Awesomely Simple Ways to Maximize Your Apartment Building Profits
You’re probably already familiar with the power of commercial real estate by now. For example, if you’re able to increase rents by $50 and decrease expenses by $50 per unit per month and you have a 24-unit apartment building, you’ve increased the income of the property by $28,800 per year. Not that much, you say? […]
Before You Attempt to Manage Your Own Property, Answer These 5 Questions
One result of having the mindset of entrepreneur is that you should not do all of the work yourself, but instead surround yourself with an awesome team and delegate. In particular: Don’t be a PROPERTY manager; be an ASSET manager instead. What’s the difference? If you’re the property manager, you are the manager. If you’re […]
11 Best Practices to Follow for Peak Rental Portfolio Performance
In my article “3 Key Lessons for Avoiding The Dark Side of Passive Income,” I make the case that no investment is or truly should be passive. The same goes for managing your rental or apartment building portfolio. While you don’t need to be involved on a day-to-day basis, you need to establish a rhythm […]
4 Steps to Perform a Rent Survey for Your Investment Property
If you’re ready to take the next step with your apartment building investments, download ALL my resources for FREE at this link: https://themichaelblank.com/vault Getting a handle on the prevailing market rents is critical for the business plan of your rental or multifamily property. Your property’s rents may be under market, but how do you know […]
The Step-by-Step Guide to Making Offers on Apartment Buildings
Are you wondering at what point in the process of evaluating apartment building deals you make an offer and what that looks like? It might seem a bit of a mystery, but let’s shed some light on the matter. What exactly does it mean to “make an offer”? Is it verbal or does it have […]
How Over-Paying For An Apartment Building Can Get You A Deal In Real Estate
You think the sacred cow of ALWAYS having to buy low is really true? I disagree.
The Ultimate Analysis: Cash on Cash Return vs. Overall Return
What’s the difference between Cash On Cash Return and Overall Return, why do they matter, and what’s a good return? Don’t miss this in depth analysis.