Fri, 13 May 2016
83: Go Big: Apartment Building Investing with Michael Blank of BiggerPockets Money Podcast: How to Invest for Financial Freedom
#83: When should you turn your little green rental houses into a big red apartment building?
Keith and Michael Blank from Bigger Pockets discuss this.
Get profit-boosting tips on both buying apartment buildings, and syndicating them.
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Listen to this week’s show and learn:
02:38 Would you rather have 40 single family homes or 40 apartment units?
05:04 Tenant mix.
10:00 Michael transitions from the pizza restaurant business into raising money for real estate.
11:58 Running out of money is not your problem. It’s your opportunity.
12:31 RE Investor vs. RE Entrepreneur.
13:25 For syndicators, it’s easier to find the money than the apartment deal.
14:52 How do you find “the deal” today?
15:55 How do you get your offer accepted in a competitive climate?
21:26 Panama coffee parcel discounts up until June 30th.
23:32 Ways to increase a property’s NOI and cash flow.
28:06 Valuation advantages of apartment buildings over smaller properties.
29:14 How to get started in apartment building investing.
33:05 Mentally moving yourself from an RE Investor to an RE Syndicator.
34:32 Real estate problems and lessons. Michael’s worst deal turned out well.
39:30 In life, “Be Intentional.”
43:20 Keith's take on some expenses that apartment investors fail to consider.
TheMichaelBlank.com/GRE - Get Michael’s free e-Book. “The Secret To Raising Money (To Buy Your First Apartment Building)”.
Rich Dad, Poor Dad - Life-changing Robert Kiyosaki book cited by Michael.
Get a Proof Of Funds letter for $5 - https://cogocapital.com/lp/home/get-a-proof-of-funds-letter/
CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus.
NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.
Coffee@GetRichEducation.com - Send an e-mail here for coffee parcel discount.
MidSouthHomeBuyers.com - Top-Notch turnkey rental property in Memphis, Tennessee.
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