Get Rich Education 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.
Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.
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.
Resources Mentioned:
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/
Loopnet.com | Ccim.com | Ten-x.com - Resources for apartments, deals, and brokers.
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.
GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.
Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!
Want a free GRE logo decal? We’ll send you one if you write a podcast review! Here’s how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.