Using Single-Family Investing Rules (2%, 50%, 70%) the Analyze Apartment Buildings
if you’ve completed a successful transaction or two in the single-family world, you’ve probably relied on some tried-and-true rules of thumb – the 2% rule, the 50% rule, and the 70% rule – to help you quickly assess deals and figure out whether they’ll have cash flow.
The Secret to Overcoming Complacency and Achieving Financial Freedom
In a recent video, I delve into the powerful tactics that can help you shatter the chains of complacency and unlock your true potential. This isn’t just another motivational talk—it’s a blueprint for action. From overcoming fear to making tangible changes in your daily routine, the insights in this video are designed to propel you towards financial freedom and personal growth.
From House Flipping to Financial Freedom: My Real Estate Investment Journey
If you’re someone who has flipped a house, wholesaled a property, been a landlord, or you’re just thinking about diving into single-family real estate investments, this story will resonate with you. Like many, my initial exposure to real estate investment came from reading the influential book, “Rich Dad Poor Dad.” This book isn’t just about real estate—it’s a mindset shift towards financial independence and understanding passive income. But as I’ve discovered through my journey, the path to real estate riches isn’t always straightforward.
Why You Don’t Need 10 Years of Real Estate Experience to Buy Apartments
Do you think that apartments are only for people who have done dozens of real estate transactions over 5+ years?
What if I told you that even if your experience in real estate is minimal—maybe just a flip or a wholesale deal under your belt—you’re still in a prime position to jump into buying an apartment building?
If you’ve believed that this is out of your league, let me set the record straight: that’s a myth.
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 […]