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JP Moses

Your Host

JP Moses

Michael Blank

Guest

Michael Blank

Recorded:
August 17, 2016
3:00 PM Eastern

January 2015

  1. Sunday
  2. Monday
  3. Tuesday
  4. Wednesday
  5. Thursday
  6. Friday
  7. Saturday

Insider Secrets to Buying Your First Apartment Building (Sooner Than Later)

“I’ll get a few years of experience flipping houses and rehabbing, and then I’ll think about stepping up to multi-family, commercial properties.”

It’d be my guess that most Moguls can relate to this comment. In fact, you may have said it yourself. But is that true? Are you sure that wholesaling residential properties truly does lay a foundation for dealing in apartment buildings?

Well, I think you’re going to be in for a surprise when you listen to my training call guest Michael Blank as he relates his experience with investing in apartments. You may be in for a number of surprises, actually, during this candid, unscripted interview with Michael.

His background gave him no entrepreneurial foundation - which means he had to learn from the School of Hard Knocks. (I’ve been there. You too?) As Michael began to research entrepreneurs, the first thing he learned was that the common dominator was failing. That didn’t sound too inviting as he was relatively successful at the time...

But he did eventually learn how to “fail forward fast.” This, he feels, better equips him to serve as a coach and mentor.

Dispelling the Myth

After spending many years putting a pizza restaurant franchise on the map, Michael eventually moved over into real estate. He began with the mindset stated in the opening comment – that flipping houses would lay the foundation for buying apartment buildings. This is a myth that he dispels, not only in this training call, but also with his many students that he coaches in the field of commercial real estate.

Michael has developed a brilliant (and legal) way to raise capital for his endeavors, which I find absolutely captivating. I think you will too.

Check out this intriguing quick preview…

On The Table for Discussion:

  • Basics of becoming an entrepreneur
  • Why multi-family real estate fits the criteria for creating passive income and long-term wealth
  • All that’s needed to buy apartments: find deals and raise money
  • Best way to find deals; best way to find brokers
  • Addressing objections investors have about investing in apartments
  • How beginners can avoid coming off like a newbie when talking to brokers
  • How to expand your comfort zone in the area of multi-family properties
  • Time required to spend at the property; time required to spend with property manager
  • How to select a property manager
  • How to put together a team
  • How to create a “sample deal”
  • What a syndicate is; how it operates
  • How to set up donors as partners, not lenders
  • How to pay yourself
  • …and so much more 

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