What is your “Rat Race” Number (And How To Achieve It)
Do you know what your Rat Race Number is? How much passive income you need to retire? And how to best get there with real estate? If not, then read this article!
8 Awesomely Simple Ways to Maximize Your Apartment Building Profits
You’re probably already familiar with the power of commercial real estate. 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? It doesn’t […]
Top 10 Questions You Need to Ask Your Commercial Mortgage Broker
Before you put an apartment building deal under contract you should clearly understand your potential lenders’ loan terms and underwriting criteria. Imagine this: you put a deal under contract and you assume a down payment of 20% and you later find that you’ll need to put 30% down? Or that you don’t personally qualify for […]
The 3 Habits of Successful Apartment Building Entrepreneurs
Many investors want to get into apartment buildings. They rightly view it as a way to achieve their financial goals and they recognize that any other investing strategy (such as single family houses) will simply take too long. Some of those investors actually take action and invest in their education: perhaps they buy a course, […]
The 3 Pillars of Real Estate Start-Up Mastery
Through over a decade of starting various business and now working with students who want to get started with apartment building investing, I’ve come to the conclusion that the only way you can master any new skill, start any new business, or change anything meaningful in your life is to address each of the following three […]
So You Want to Be a Real Estate Investor? Here’s What it REALLY Takes…
My wife texted this photo to me of a traffic light in Washington DC. What are you supposed to do with a mixed signal like that? It reminded me of a quote by Andy Stanley when he said that “direction, not intention, determines your destination.” How many times do we give ourselves mixed signals […]
Read This Before You Decide to Manage Your Own Property
In last week’s article I talked about being real estate entrepreneurs, not investors. This is a HUGE difference in mindset and also in practice. 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.
Don’t Be a “Real Estate Investor.” Instead, Empower Yourself By Doing THIS.
One of the biggest objections I hear from investors about getting into larger real estate deals like apartment buildings is that they don’t have enough cash or experience. So they limit their real estate strategy to their current abilities and resources.
8 Simple Ways to Maximize Your Apartment Building Profits
You’re probably already familiar with the power of commercial real estate. 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.
2 Clever Negotiation Tips to Get More Deals Under Contract
It’s ideal to negotiate directly with the seller in person. You should always work to try to arrange that whenever possible. This allows you to establish rapport and more quickly talk through different scenarios to try to reach an agreement.