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Wealth Creation: Leverage and Velocity
While income producing properties are one of the ideal vehicles for creating wealth, there is yet another principle out there called “leverage and velocity”. Let’s take a closer look at this principle. The effect of compounding and leverage: Let’s say we have $20,000 to invest. I put it into some vehicle that pays 10% interest [...]
Top Ten Reasons Why You Should Buy Multifamily Properties
When you sit down and examine the advantage of owning multifamily properties, you will be amazed at the multitude of benefits. While other avenues of income generation offer some attractive incentives, owning multifamily properties brings many great things to the table. Let’s explore these advantages: 1. You can outsource your property management to professionals. You [...]
Outsourcing Property Management for Multifamily Properties
One of the many advantages of investing in multifamily properties over single-family properties is that you can be more hands-off in your investment. Instead of being at the beck and call of a tenant of a single-family property, you can sit back and let someone else take care of the little crises in multifamily. Many [...]
Real Estate Investor or Entrepreneur?
The terms “investor” and “entrepreneur” are sometimes used interchangeably, but it’s important to know the difference and to use the terms correctly. Change your language to linguistically change what your subconscious is telling you. For example, when you are an entrepreneur and you call yourself a “real estate investor,” you confuse the marketplace and eventually [...]
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 [...]
Apartment Investing – Real Estate vs. “Feel” Estate
A commercial broker friend of mine recently pointed out a truism about multifamily entrepreneurship. He revealed that “Apartments are real estate. Houses are “feel” estate“. “Feel” estate? What does that mean. What it means is that apartments are evaluated and valued based solely on the numbers – the financials. It’s a very objective process – [...]
Multifamily Real Estate – The Advantages
The advantages of multifamily are multi-fold! Here’s a collection of the advantages: 1. Bigger checks when wholesaling 2. Bigger passive income 3. Faster financial freedom 4. Can do it part-time (2 hours/day) 5. Easier to evaluate the value 6. Can do it nationwide 7. Can easily outsource the property management 8. Easier to finance [...]