Are You Spending Time with the RIGHT People?
I remember when I first became a full-time entrepreneur and started my real estate business. I was excited about the possibilities.But instead of sharing my
4 Ways Adversity Makes Us Better Versions of Ourselves
Before I became a full-time entrepreneur in 2005, I felt like I had succeeded at everything up to that point: I had a well-paying job at a software company, I enjoyed traveling with my wife, and we had our first baby on the way. But unlike so many successful people I read about, I had […]
Change: Do You Run from It Or Learn from It?
My family and I vacationed in Hilton Head Island and participated in a guided beach nature walk. Something our guide said stood out to me. He said, “This beach looks so much different than it did a month ago because of this storm we had. In fact, every time I come out here, something is […]
4 Steps to Perform a Rent Survey for Multifamily Properties
Are you missing out on rent money or pricing your units too high to fill? Find out critical information for your multifamily business plan by taking these steps.
Know When to Walk Away: 5 Lessons Learned from a Terminated Multifamily Contract
Once you’ve landed on a good multifamily deal, it is hard to manage your expectations. Even though you know, in theory, that your chances of closing the deal are remote, it is devastating when something goes wrong and you are compelled to walk away. But the good news is that every deal that doesn’t work […]
The Problem with Thinking Big
You absolutely need to think big to be successful. But make sure you follow this advice or you’ll never get out of the gate.
Here’s Why To Focus Like a Laser On Your First Deal
I want to talk to you today about the importance of focusing on doing your first deal.
You may have ultimate end-goals like quitting your job, working for yourself, securing your retirement or leaving a legacy for your children. In order to accomplish those goals with apartment buildings, you might determine that you need to own 100 units (or whatever the number).
Those are good and worthwhile goals, and they’re important. But if you’re just starting out on your journey, then you need an interim goal, something you can focus on, something you think you can achieve and something that opens the door to bigger things.
The one interim goal I’m talking about is to focus on your first deal.
MB 106: Getting in the Multifamily Game, With or Without Syndication – With Mario Ortiz
Mario Ortiz’s first multifamily deal wasn’t a homerun. But Mario argues that ‘getting in the game’ is more important than the size or quality of the first deal. Listen in to understand how he used creative financing to build a thriving multifamily business without syndication—while working full-time as a mechanical engineer!
What Passive Real Estate Investors Want (And How to Give it to Them!)
This post shares the inside scoop on what private investors are looking for from your next syndication deal.
What Yields a Higher Return Selling Now, Selling in a Few Years, or Refinancing
How do you determine when to sell your apartment building to maximize the overall returns? I’m going through this decision-making process right now for one of my buildings, and I’d like to share with you my thinking. As always, there are multiple factors that go into deciding if it’s right to sell the building now […]