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Michael Blank
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What’s The Most You Can Pay For An Apartment Building?
A deal comes in for a 12-unit apartment building from one of your brokers. He faxes you a rent roll and a list of expenses. The asking price is $575,000, and he’s asking for what you want to do. It’s relatively easy to answer the question “is this a deal?” (the answer is usually “no=”), …
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Quickly Analyze Apartment Building Deal Using 50% Rule
A deal comes in for a 12-unit apartment building from one of your brokers. He faxes you a rent roll and a list of expenses. The asking price is $575,000, and he’s asking for what you want to do. It’s relatively easy to answer the question “is this a deal?” (the answer is usually “no”), …
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How To Retire Early Investing In Apartment Buildings
We all work hard at our J.O.B., don’t we? We work hard each day and hope to retire when we’re 65, that’s the American dream, right? Many of us are looking for something better, maybe a scenario where we can retire earlier or perhaps enter a state of semi-retirement. The answer: investing in apartment buildings. …
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How Do you Know if an Apartment Building is a Good Deal?
You’re interested in apartment building investing and you see a bunch of multifamily properties for sale on loopnet. Maybe you’re even (yikes) thinking of making an offer. But how do you know if the asking price is reasonable? And if it’s not, what price makes sense? How do you know if an apartment building is …
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4 Rules Of Thumb For Apartment Investing When It’s OK To OVERPAY
We’re taught that we should never underwrite an apartment real estate deal based on future performance, always on current performance. This is great advice, but sometimes it doesn’t match reality. Here’s an extreme example to make my point: what if you’re looking at an empty 10-unit apartment building? Technically, the net operating income (NOI) is actually NEGATIVE and if we …
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Why You Should Raise Money To Buy Apartment Buildings
If you read my REI Club blog post “Invest In Apartment Buildings To Retire Early”, you were probably saying to yourself, “That’s great, Michael, I’ll just keep buying as many units as I need, and then I’ll be set. But I don’t really have the money for all this.” This is a good objection, but …
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Invest In Apartment Buildings To Retire Early
Why Investing in Apartment Buildings is the Single Best Way to Retire Early Imagine if you could do a single apartment building deal and retire from your J.O.B? Imagine working really hard to find a good building at a fair price, putting the financing together, and hiring a property manager to run the whole thing. …
