Category Archives for Buy Right

How To Buy Your First Twenty-Five Unit Apartment Complex

“You gotta walk through the Courtyard to get to the Hammond” In the winter of 2013, Jake and I purchased our first multifamily property, a twenty-five unit with tons of “potential”. It had taken us two solid years of rejection and negativity to get to this point. We felt as if a weight had been […]

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The Seven Steps To Success In Real Estate, Part 3

In the second ARTICLE, I laid out the next three steps to achieving success in real estate.  My goal here is to dive into the final three steps: Submit, Due Diligence and Take Responsibility.  Let me recap the Seven Steps (actually, I included Take Responsibility as an extra step). Educate Pick a market Niche Network […]

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The Seven Steps To Success In Real Estate Part 2

In the first ARTICLE, I laid out the seven steps to achieving success in real estate.  I expanded upon the first two steps, and my goal here is to dive into the next three steps: Niche, Network and Analysis.  Let me recap the Seven Steps (actually, I included an extra one). Educate Pick a market […]

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The Seven Steps To Success in Real Estate

Starting a new venture can be one of the most daunting tasks, especially an undertaking that involves money and risk.  If you begin a new diet and don’t lose the weight, not much has changed.  You slide right back into your old habits and comfort zone.  Can you imagine investing money in real estate when […]

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The Gateway To Multifamily Real Estate

ENTER THE GATEWAY In life, it is always difficult to begin a new journey or eliminate a bad habit.  Our habits become a part of our physiology and foster limiting beliefs and an unfulfilling life.  When I began my real estate career, I was fearful due to my uncertainty of this new endeavor.  I calmly […]

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How to avoid major mistakes in multifamily real estate investing

Our 13 Biggest Mistakes Investing to 675 Units in Real Estate

And How You Can Avoid Them One of the major foundation principles that I learned while attending IPEC (Institute for Professional Excellence in Coaching) was that “You cannot make a mistake.”  Many mistakes, or bumps in the road, are merely judgments that are made after the incident has occurred.  For instance, a person looks back […]

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Jake and Gino’s Three-Step Framework For Performing Due Diligence

Any experienced investor will tell you that due diligence are two of the most important words in investing.  Due diligence is defined by Investopedia as, “The care a reasonable person should take before entering into an agreement or a transaction to another party.”  I learned the importance of due diligence soon after my first real […]

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What Is The Rat Race And How You Can Exit This Race

The rat race conjures many different ideas and definitions, but it affects all of us in a similar manner.  I simply define it as being caught in a maze and getting nowhere fast.  The thought that earning more money will solve my problems and lead me out of this inexhaustible race, and the ability to […]

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The Three-Step Repositioning Process For Adding Value To Your Multifamily Properties

The number one goal when investing in multifamily real estate and to explode your wealth is to increase the Net Operating Income (NOI).  Let me quickly define NOI as the total gross revenue subtracted by the operating expenses of a property.  When an investor analyzes an asset, he will typically use NOI and cap rates […]

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Property classifications are important because the investor will know what type of return to expect with the property and the investor will be able to convey to brokers the type of properties he is targeting.

Property Classification Rule of Thumb

In our previous article, we focused on unit mix and the importance of choosing an apartment complex with the most beneficial unit mix.  In this article, we are going to focus on property classifications.  Property classifications are important because the investor will know what type of return to expect with the property and the investor […]

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