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Lance Edwards - ArticlesLance Edwards is living proof that you don't have to "graduate" from single family to multifamily. You can start with multifamily - just like he did, whether owning or flipping.
Lance purchased his first deal (a four-plex apartment) in March, 2003 nothing down. Over the next 2 years, he went on to purchase 50 properties nothing-down on a part-time basis, while working his full-time corporate job. In July, 2005, Lance retired from his 20 year corporate career to start a full-time real estate business that acquires multifamily properties. And he now teaches others how to create faster financial freedom with apartments using none of their own money. For more information please visit http://www.ApartmentWealthMachine.com 5 Networking OpportunitiesSometimes, new real estate entrepreneurs ask me about where they should be meeting potential investors. My first answer is: "Everywhere!" It doesn't matter where you are, if there is someone else in the room, you can network with them. They might invest with you or, just as often, they'll know someone who might be interested. Applying a Business Guru's Insight to Multifamily Apartment Investing - Part 1In a recent webinar, I mentioned Peter Drucker's profound and time-tested maxim that business equals innovation plus marketing. Drucker knew what he was talking about and business owners and aspiring business owners would do well to consider what that equation means for them. Applying a Business Guru's Insight to Multifamily Apartment Investing - Part 2Business Guru Peter Drucker gave us a brilliant equation - business equals marketing plus innovation. In a previous article we looked at the first half of that equation - marketing - to learn how multifamily apartment investors could improve their marketing efforts. In this article, we will consider the second half - innovation. 3 Ways to Reposition Your Multifamily PropertyAre you trying to figure out a way to raise the rent on your multifamily property? You can raise rents through a process called repositioning. Whenever you buy a property and make improvements or repairs or convert a property from a Class D to a Class C or a Class C to a Class B, you are repositioning. There are three ways you can reposition your multifamily property. 3 Steps for Contracting and Closing a Multifamily Property DealSo you have found a multifamily property and you would like to close the deal. How do you close it if you want to hold it? Do you know the process that is involved? There is a simple 3 step process to follow to wrap up your multifamily deal. It involves qualifying the deal, due diligence and closing. 3 Points to Market for in Multifamily InvestingThe most important part of multifamily investing is finding the deals. The person who controls the deals holds the "keys to the kingdom". Every business has two core elements: marketing and innovation. With apartments, you are always marketing for three things: deals, money and tenants. How to Structure Your Commercial Apartment Deal in 3 Ingenious WaysThere are some very ingenious ways to get your multifamily property deals done. Three of the lesser known avenues for obtaining private funds are the wrap around mortgage, splitting off the property and the option. Here we will examine how each of these options work. 2 Areas of Control in Apartment InvestingThere is a prevalent misconception out there that in order to deal with multifamily properties, you must own the properties. Nothing could be further from the truth. In actuality, control can be more important than ownership. There are a couple of areas that you can control when dealing with multifamily properties. 4 Components Needed to Generate Money Through Apartment InvestmentsIt is probably pretty safe to say that everyone is looking to create wealth. Real estate investing is an excellent venue through which you can create massive wealth. There are four components in real estate investing that you need to accomplish this goal. These components are specialized knowledge, marketing, systems and mindset. How You Can Raise Private Money to Buy Multifamily ApartmentsWhen it comes to raising private money for your multifamily property deals, you are only limited by the scope of your imagination and creativity. The amazing thing is that there is a simple, four-part formula that you can use to raise private money for apartments. Most people, however, don't know about this formula much less that there are four parts and what those four parts are. This article examines each of these four parts.
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