Getting a commercial broker or private investor to trust you on your first multifamily deal can feel like an insurmountable challenge. It’s a lot of money and a lot of responsibility, and maybe your own nervousness is showing through when you talk to them. Charles Dobens has invested in multifamily properties for years, and he knows that how you present yourself will change the perceptions of brokers and investors.
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When someone calls you up and says, “Hey, can you be at this address on Wednesday to make an offer on a house?†and they make this same phone call to you week after week after week, then you’ve got a pipeline of leads that every real estate investor would kill for. Creating that kind of lead generation takes time, effort and a great deal of trust, and Phillip Vincent wants to teach you how to do that by networking in the senior living community.
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When endless Home Depot runs for $8 parts start sucking up your profit margin, how can a house flipper turn that project around? Tyler Jensen decided to shove an entire renovation into seven days, and he soon realized that he could save time and money by shortening the timelines of his fix and flips.
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I’m going through a transition myself as I move more fully into commercial real estate, but
leaving single residential homes behind is hard. Raul Villacis helps men like myself walk to the
edge and take the next step in our personal development. Listen carefully today as he advises
me on how to gain certain clarity even while everything around me is in a sea of change.
By the fifth time you hear someone say that they’re moving to Austin or Boise or Raleigh, you might wonder if they know something that you don’t. Chris Larsen starts paying attention to the real estate market when he hears how popular it is to move to. This, and other key metrics, help him drill down and find a profitable up and coming real estate market to invest in.
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We’ve recently purchased an off-market 80-unit building in Ohio, and I want you to understand what I’m looking for when I walk through a property. I’m going to share what you should look for when you inspect a new property during the due diligence period, some of the problems you might encounter if the property has had long-term tenants, and some precautions you’ll need to take because of COVID.
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Starting without friends or capital, Reed Goossens was able to build a $250 million dollar real estate portfolio by using his “6 P†strategy to build real relationships and raise money. Creating a solid foundation of trust, sometimes over years, helped him find partners to invest in multifamily properties, and even helped him score his latest off-market acquisition.
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I’ve been talking about what the opportunities will look like in the coming recession for a while now, and I finally have some solid data on exactly how that is playing out. COVID has put a unique spin on the recession that is hugely affecting the short-term housing inventory shortage that you’re seeing, but I want you to be prepared for the dramatic change I expect to see in the long-term.
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As a private lender, I see deals and fund deals regularly. And there are times that a borrower isn’t able to hold up his end of the deal and this can either be disastrous or turn into a great deal for us. This is the very reason why you loan or borrow at 65-70% of the after-repair value. This way, you can turn a private lender loan into a great deal with cash flow and equity.
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If your accountant recommends a depreciation strategy, you might assume that he’s done everything possible to help you out. For a next level depreciation strategy that might save you tens of thousands, you need to consult a real estate CPA who uses engineering to figure out your best tax-advantaged situation.
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