Start with small and medium-sized projects and work your way up to larger projects.
If I don’t have any money, how the hell do I invest in multifamily projects?
… Yes, you will need money to invest in apartments. Anybody who tells you you don’t is a liar. The thing is, it doesn’t have to be YOUR money. I will show you how to use other people’s money (OPM) to put gobs of cash in your pocket.
One surprising technique is to use seller financing to get you started on your first deal. Believe it or not, in some cases your seller will accept 100% financing on his property.
Why would a seller agree to finance the sale of his own property? Numerous reasons, like deferring a large tax bill, or retiring from the real estate game, to name a couple.
What if My Credit is in Weak?
Surprisingly, with apartment investing, your credit is not as relevant as with single family houses. What IS relevant to would-be lenders is the cash flow from the building. As long as the numbers work and the building covers all of your expenses, you are golden. To lenders the building is the collateral.
And get this. Because the building acts as the collateral, raising any needed funds is easier with multifamily projects than it is with single family houses. The numbers tell investors everything they need to know.
The point I’m making is that it’s entirely possible to…
Buy a multifamily property with no money down…
That is, buy with virtually no money out of your pocket.
But what about all the expenses involved with operating an apartment building? Not a problem. The beautiful thing is, you can go only into those deals where your tenants pay all of your expenses while paying off the mortgage at the same time.
Besides, in many cases, you will only get the financing you need if your tenants will cover ALL of your expenses, including the mortgage. With the right deal, all of that is covered…PLUS…you can be receiving a substantial passive income.
Another thing. All around not just the country, but the world, are groups of investors ready and willing to fund profitable multifamily deals. Your job is to find the deals. Once you do, they are ready to jump in with the needed cash to fund those deals.
Isn’t managing an apartment complex a colossal headache?
It would be if you were managing it. But you won’t be. You simply turn that task over to a professional management company. Let THEM worry about clogged toilets and the other headaches involved with landlording. I show you how to choose the right management company… and the reports you absolutely must have from them so you don’t get ripped off.
I show you how to let the property pay the management company, not you to run the property.
Insider secret: You can make out like a bandit on properties that have a positive cashflow, but that don’t have 100% occupancy. When you take over and increase the occupancy, you increase the value of your project. More importantly though, you increase the monthly cash flow that goes into your pocket.
Another insider secret: Don’t make the mistake of going into a project that depends on massive property appreciation in order for you to make a profit. Any project you invest in must already have a healthy positive cash flow. From there, you can do any number of things (I elaborate in the course what those things are) to increase the amount of money the property generates each month.
Isn’t analyzing these deals complicated?
Actually, no. With the tools I provide, you’ll be able to tell in less than 7 minutes whether a deal is go or no-go. My software analyzer will provide all the information you need to make your decision.
Yes, there are key numbers you need to learn. But don’t let that intimidate you out of a fortune. I explain the numbers so that even a high school student could understand them.
How do I know where to invest?
Not to worry. I will show you all you need to know. The beauty is, these places may be where you can pick up some bargains. I also tell you certain cities to avoid.
Another Insider secret: You want to avoid markets where real estate values are plummeting. Even in today’s economic environment, there are areas in the country where values are increasing, or at least holding steady.
Do I have to invest locally?
Absolutely not. Of course, when you are getting your feet wet, you may want to invest locally. But that assumes you live in a city that is currently favorable to the apartment investor. If not, going out of town(so to speak) will be the way to go. If you have a computer with an Internet connection, you can do deals out of town.
Another thing. When you find the right type of seller, it’s almost like taking candy from a baby. Take the investor who has been managing his own property and is moving out of town because of a job change. He will be most receptive to almost any flexible offer you might make.
One and done
If you’re lazy like me, you may want to do one deal, quit your regular job, live off the proceeds from your apartment building, and never do anything else. Apartment investing makes that possible.
What I’m saying is, you can follow my system step by step, secure your first property, then never have to work on another project if you do it right.
There is a problem with this, however. Once you see how much money you have made on that one deal, your greed glands may kick in. And that’s OK. The point is, you CAN stop after that one deal and never have to do anything else.
In other words, do one and you’re done. Or you can try and buy 40 houses and see how long that takes!
Here are just a few of the topics I cover in my investing in small apartments …