Most new real estate investors are intimidated by multi-family deals, but getting into them is a lot easier than people think. What makes apartment building investing such a great way to build wealth? How can we raise money, and why is it so easy to do? How do we expand our investment comfort zone?
On this episode, I’m joined by one of the foremost authorities on multi-family investments, Michael Blank. Michael is an entrepreneur, investor, teacher, podcaster and bestselling author who joins us to shares the intricacies of apartment building investing.
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The most direct path to financial freedom through real estate is with apartment buildings. -Michael Blank
How to raise money for multi-families through investors
While it’s easier to raise money for house flips, multi-family deals have a lot of benefits and if we explain it to people, we can raise money. There’s consistent compounded returns, and ongoing tax benefits which investors would favor.
Multi-family property strategy
A multi-family strategy is different from just investing in one multi-family unit. An apartment building strategy means you intend to scale your portfolio over time, getting bigger properties each time.
How the property manager impacts your business
The quality of your property manager affects your performance and quality of life significantly. With a poor quality property manager, you’ll spend time chasing tenants, micromanaging, and your expenses will be high. A good property manager allows you to run your business with limited stress and strain.
Real estate truly is the vehicle to becoming wealthy and financially free; and multi-family investing is one of the fastest ways to do it. You can apply the same strategy as one property deals and banks favor those deals. What’s even better is, you can get involved in so many different ways and achieve cash flow, long-term wealth and tax benefits. There’s no need to be intimidated. You can overcome lack of money by raising it, you can overcome a lack of experience by learning and having a team around you. Ultimately, all you have to do is get started and you can achieve it.
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