All Forum Posts by: Dennis L Lewis Jr

@Connor Mullen How to make Big Money in Small Apartments by Lance Edwards is a great one. As well as Michael Blanks Financial Freedom with Real estate investing.

@Carlos Clarke

Thanks for the recommendations, and welcome to Bigger Pockets!

@Ivan Barratt

I agree!

Hey BP

Can I could I get some input on this spreadsheet I put together? I was analyzing a this 9-Unit Property, and for some reason the numbers do not seem to make sense. 

I feel like this property should be cash flowing more than what its showing AFTER reserves and property management expenses are taken out. I have property management taking out 10% off of the NOI before debt service and reserves, is that correct?

Thanks!

P.S. Im open to any suggestions or adjustments on my spreadsheet BTW.

@Kevin Brown Thanks for the input!

@Vincent Popovski Ill have to look that one up, Thanks!

@Lane Kawaoka Doing both simultaneously, I analyze about 2 properties a day. 

@Chris Tracy

@Eric J Williams

Thanks, ive watched a couple of his videos on YouTube. He seems to know his stuff!

@Alina Trigub Thanks, ive never heard of him, ill check out his book as well.

Hey BP,

I just finished reading Financial Freedom with Real Estate investing by @Michael Blank and looking to pick up another book multi family/apartment related.

-Ive heard "The Complete Guide to Using and Selling Apartment Buildings" by Steve Burges is good. I may pick that up next, just wanted to get some additional options.

As the title says, post your favorite or most influential Multi-family/commercial investing book here. Feel free to add a snippet of why its your favorite or what you gained from it.

Thanks!

@Monica Litster

As @Jonathan Soto explained, it depends on the contribution from each partner. You both could act as an equity partner and split he cash flow 50/50. Or maybe you act as the asset manager and take a certain percentage each month from the cash flow and then splitting profits. Im in the same boat as you right now, except my investor is just providing the funds, leaving me with everything else. So again knowing who is doing what will play an important role in how the splits are determined. Defiantly get a operating agreement that depicts that information.

Good Luck!

@Nathan McBride

Awesome stuff!

Good on you to keep following up and staying in contact.

Thanks for elaborating.

@Nathan McBride

Absolutely love stories like this. Congrats on your Win in finding this property and turning it into a deal!

Could you elaborate on how you built your relationship with this bank?  Using the seller's credit as a down payment blows my mind.

Thanks!

@Account Closed

If you become a BP plus or pro member, i think that gives you access to the webinars that they host. I would definitely recommend watching those if you can. It varies from residential to commercial.

As for podcast check out these if you havent already.

1. Bigger Pockets Money: This podcast focuses on different ways to becoming FI (financial free) and helps create the mindset you need imo.

2. Bigger Pockets Podcast: An all around great podcast that focuses strictly on real estate (residential and commercial)

3. Wheelbarrow Profits(Jake & Gino) Podcast: Focuses on ways to invest in multifamily properties

4. Michael Blank Podcast: Real estate investing through multifamily apartments.

The last 2 podcast I think you'll find very helpful, since you want to focus in multifamily.