324: Financially Free in Less Than 5 Years Through Apartment Investing With Michael Blank

Apr 4, 2019

Experienced multifamily investor/educator Michael Blank shares insights on starting in multifamily investing, the law of the first deal, common terms, ideal properties, developing relationships with investors, negotiating tactics, and building wealth through multifamily deals. The episode covers key concepts like cash flow importance, value add strategies, revenue streams for syndicators, deal structuring, passive income through limited partnerships, and success stories in real estate investing.

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Intro

00:00 • 2min

Diving into Real Estate Investing & Syndication

02:20 • 15min

Essential Terms in Multifamily Investing and Syndication

17:11 • 17min

Understanding Limited Partners and Revenue Streams in Investments

34:06 • 4min

Exploring Income Streams for Syndicators in Apartment Investing

37:50 • 5min

Structuring Deals and Syndication in Real Estate Investing

42:20 • 29min

Passive Real Estate Income through Limited Partnerships and Syndication

01:11:34 • 9min

Real Estate Investing Strategies and Success Stories

01:21:00 • 16min

Achieving Financial Freedom through Apartment Investing

01:36:56 • 4min

Do you want to invest in multifamily apartments but feel intimidated by the process? If so, today’s episode is for you!

Brandon and David interview Michael Blank, an experienced multifamily investor/educator, who breaks down the seemingly daunting process into super simple steps.

Don’t miss Michael’s advice on how to get started in the space, how “the law of the first deal” will increase your odds of success, and how multifamily investing can lead to financial independence in five years. You’ll also love learning common multifamily vocabulary, what an ideal property looks like, and how to develop relationships with potential investors.

Michael also shares incredible insight into how he built his empire, as well as his top two negotiating tactics and “three levers” to successfully negotiate a multifamily deal!

This is one of THE most informative shows we’ve ever done. Download it now!

In This Episode We Cover:

How he got started and why he recommends multifamily investing
Scaling his business despite running out of of time
What is “the law of the first deal”
The multiple ways syndicators make money in a deal
Common multifamily terms and what they mean
How to improve the value of a multifamily property
What an ideal deal looks like
Developing pre-existing relationships with potential investors
Why cash flow is so important in multifamily
His top two negotiating tactics
How he bought a 321-unit building, how he BRRRR-ed a multifamily building, and returned 96 percent of their investors’ capital in the process
His “three levers” to negotiate in a multi family deal
And SO much more!

Links from the Show

Books Mentioned in this Show

Vivid Vision by Cameron Herold
The ABCs of Real Estate Investing by Ken McElroy
Rich Dad Poor Dad by Robert Kiyosaki
How We Bought a 24-Unit Apartment Building for (Almost) No Money Down by Brandon Turner
Raising Private Capital by Matt Faircloth
The ONE Thing by Gary Keller
The Miracle Morning by Hal Elrod
Financial Freedom with Real Estate Investing by Michael Blank

Tweetable Topics:

“The value of the first deal far outweighs any kind of money you can make from it.” (Tweet This!)
“Nobody is rich on their first deal, but they’re rich because of their first deal.” (Tweet This!)
“I’d rather do an 80/20 gigantic deal than 70/30 of nothing.” (Tweet This!)
“Structure your deals based on who your investors are.” (Tweet This!)
“Never take money unless you know what the heck you are doing.” (Tweet This!)
“Always raise more money than you think you need.” (Tweet This!)

Connect with Michael

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