Find problems, fix problems. Single-family properties are a great way to make money, there’s no doubt about that. But multifamily investments change the game significantly and are a much safer, faster, and lucrative means of building up your wealth portfolio. But you’re probably wondering, how do we actually make money in the multifamily Mindset? Well, it’s pretty simple actually. It
The path to success never was straightforward. How do we become successful? Success is different for everyone and cannot be measured universally. Each and every person has their own measurement of success that is relatable to the goals they have in place. That’s why being successful differs so much from person to person. “A person with a new idea is
The Strength of your relationships will determine the strength of your business. People want to do business with people they like. And especially as the real estate industry is such a relationship business, you seriously want to make a good impression and build relationships with other people in this industry. People can and will open doors for you, and the
Once you’ve built up experience knowing which deals are worth your while and which are not, you’ll be able to get your teeth sunk into the wealth that follows. The real estate business is ever-changing. People are always coming in and out of the industry, properties are always being exchanged, and money is always moving back and forth. There are
There are three ways to get paid on a multifamily transaction. After you’ve invested in a multifamily property, you’ll want to know where you’re going to make your money. If you were to be operating in the single-family home business, you’d expect to either make profits from your cash flow or from selling on the property you have renovated. In
No one’s perfect, but that’s a part of life we should all embrace and take in our stride. When I was growing up, I was surrounded by my overly competitive brothers. The constant rivalry to outdo each other, whether it was on the football field, the basketball court, or in school, was always there and it was a constant battle.
One of The most important features of multifamily real estate is how to determine the value of a property. As with any investment you have to understand what you’re buying before you go ahead and pull the trigger. “The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher. And