WHY I WALKED AWAY FROM A 28 UNIT DEAL
Wednesday, August 03
It started with a phone call from my rep. The owner picked up the phone in a grumpy voice. The owner said he would be open to selling his 28-unit apartment for $48k per unit. Most apartment properties in the market are trading for $75-115k. The owner elaborated that his parents built the property...
how much is your property is worth?
Friday, July 29
If you are wondering how much your property is worth today, you will need to know the net operating income and cap rate. A local broker will be your best resource for the cap rate. Net operating income equals gross rent minus physical vacancy minus economic vacancy divided by operating expenses....
I walked away from a 74 unit deal
Sunday, June 19
My broker sent me a 74-unit deal. I normally wouldn’t look at the deal because I am laser-focused on my 50ish unit deal criteria. However, the broker was pushing me to look at this deal. The thing that made me look at the deal closely was that the deal has been on the market since December (origi...
How I started a meetup
Friday, June 17
A few months ago, I watched a Grant Cardone video where he said you want many people to know you and you should be meeting new people regularly. I heard of other investors expanding their brand by starting a meetup group. I knew I had to start it, but I didn’t know how I would start it. I had to ...
HERE IS MY NEW GAME PLAN (DON'T LET A LITTLE RECESSION SCARE YOU)
Monday, June 13
I have said this before, but I go by Warren Buffett’s saying, “Be fearful when others are greedy and be greedy when others are fearful”. With the interest rates increasing, the market is facing a lot of uncertainty. A lot of buyers are sitting on the sideline. Meanwhile, I am being more aggressiv...
Is it still a good time to invest in real estate?
Monday, May 02
In the last couple of weeks, I cannot tell you how many times people have asked me, “is it still a good time to invest in real estate with everything going on?” My short and concise answer is “yes.” Let me explain why below. As of early April 2022, the Fed is still concerned with inflation risks...