August 2008
You are browsing the archive for August 2008.
Create Your Own Labor Day Weekends thru Apartments
As you may know, I put my daughter into college last week. Exciting and anxious times. Anxious because of her belief that college was her only entry to success in today’s world. An ingrained belief system (from high school) that her choice of college would dictate the rest of her life. Total nonsense and way [...]
How to Make Money With Class C Apartments
As you begin investigating the ins and outs of multifamily properties, you’ll hear terms such as “Class C Property.” Don’t let the terms make you nervous. Once you understand these terms, they will help you to understand a property’s assets and make quick decisions. Below you’ll find a guide to property classes and what they [...]
Aha Moment Video: Determining a Property’s Value
[kml_flashembed movie="http://www.apartmentwealthinfo.com/videos/videoaha1B_controller.swf" ?csConfigFile=http://www.apartmentwealthinfo.com/videos/videoaha1B_config.xml"height="355"width="400" fversion="9" base="http://www.apartmentwealthinfo.com/videos/" /] Here’s another “Aha Moment” from one of my classes. This student has realized how simple it is to determine whether or not a multifamily property is worth buying. “Being able to immediately identify the averages you gave us is powerful, being able to figure out on the back of [...]
Aha Moment Video: The Value of NOI
[kml_flashembed movie="http://www.apartmentwealthinfo.com/videos/videoaha1A_controller.swf" ?csConfigFile=http://www.apartmentwealthinfo.com/videos/videoaha1A_config.xml"height="355"width="400" fversion="9" base="http://www.apartmentwealthinfo.com/videos/" /] I love it when my students have “Aha Moments,” when they understand a new skill for the first time or put together the pieces of the system. I’ll paraphrase the student in this video. She says, “After flipping houses and looking at comps. . .the neatest thing for [...]
Apartment Investing – The View from The Top (Part 3 of 3)
In the previous 2 excerpts to the story, I outlined the analogy of my Hawaiian mountain hike to the journey of the successful apartment entrepreneur. Taking 1 step at a time and refusing to succumb to our Little Voice, we reach our goals. And in this video, you can see the view from the [...]
Apartment Investing – Going for the Top (Part 2 of 3)
When we last met in Part 1, I shared how my family’s hike in the mountains of Oahu was a life lesson in apartment entrepreneurship… The lure of the start, the attraction of the goal and the challenges encountered along the way. And despite the challenges: the heat, the increasing grade, we progressed 1 [...]
Apartment Investing – One Step at a Time (Part 1 of 3)
One of my core beliefs is that “Everything happens for a reason and it serves me.” As a result, I tend to find metaphors and lessons in everything. Everything. On a recent vacation to Hawaii, I found yet another lesson relevant to apartment entrepreneurship. This time it came in the act of hiking the [...]
Multifamily Success LIVE Video – Husband & Wife Team
Comments from Students Gordon & Penny Jones: “We are here in Dallas attending Lance Edwards’ Multifamily Seminar and we’re having a blast!” “It’s been a great eye-opening experience for me in turns of learning some of the mechanics, and the skillsets as well as the mindset of becoming a Multifamily Millionaire. Theres been a lot [...]
Multifamily Success LIVE Video – “Make Deals Instantly”
Comments from Student Curtis Minor: “Lance has presented this information in a form that anyone can understand. It allows you to go out and make deals almost instantly. The biggest thing that I’ve gathered from this is that the Mindset to do these deals is definitely within your reach. ” “I would recommend to [...]