Spiders, rats, fleas…KEYS PLEASE!!!!!

A painful lesson for one...a lifetime lesson for the rest of us.

Some people laugh when I say my rental unit addendum is affectionately titled:   “Mamma Jamma Kick Booty Rental Unit Addendum”   But truly, this addendum has EARNED its title.   Everything in it began with an experienced multi-family real estate broker taking me under their wing when I was new and helping me know […]

Rental Unit Addendum – Personal Property

In case you haven’t read the previous articles about the importance of a good rental unit addendum, allow me to lay a little foundation.   When you are purchasing an apartment building, you will need to request certain items (typically included in an “addendum”) in order to have the information you will need to conduct […]

Due Diligence…Requesting Interim & Historical Operating Statements

Why Ask for Interim and Historical Operating Statements When Evaluating a Potential Apartment Building Purchase     In a previous article, titled “Why Ask for Rent Rolls When Evaluating a Potential Apartment Building Purchase”, I talked about protecting yourself when making an offer on an apartment building.   When you are purchasing an apartment building, […]

Rent Rolls – Apartment Investing

Why Ask for Rent Rolls When Evaluating a Potential Apartment Building Purchase

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So, you’re interested in passive cash flow. You’re ready to launch into the world of multi units. You’re ready to submit a contract on an apartment building. You’re excited. You’re nervous. It’s game time! How do you protect yourself from buying a dog of a property? When you are purchasing an apartment building, you will […]

Today was transformational…

I want to share a story of something that happened today. It’s amazing how much of a grip fear can have on us.  And it SUCKS! It was a transformational day for Harold. Today I was working one-on-one with Harold, my coaching student in Orlando. Sitting as his table, he shared with me his fear (well, terror […]

Multi Family Management TURNAROUND

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When considering the purchase of a multi unit building with occupancy or management challenges, there is a HUGE upside if you’re willing to engage, coordinate & direct the work. The opportunity is there for you to create massive value in your asset. BENEFITS 1. Lower Purchase Price – purchase the property at a substantial discount […]

The Sting of a Lost Deal

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When I mentor investors one-on-one or teach a three day boot camp, one of the things I tell my students is: “Real Estate can be an emotional roller coaster” My mentor will quickly chime in with, “There shouldn’t be any emotion. It’s a real estate deal”. I know, I know. I think some people are […]