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Lance 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 Sort By: Date | Popularity
![]() Investing: Top Ten Reasons Why You Should Buy Multifamily PropertiesWhen 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 us explore these advantages: ![]() Investing: Types of Investors for your Multifamily DealsThe word "investor" is quite a general term that means different things to different people. Dictionary.com defines an investor as "someone who commits capital in order to gain financial returns". So what does this mean in terms of real estate investing? There are three types of investors: lending, equity and hybrid (or combination). Here is a breakdown of these three types of investors. ![]() Investing: What a Multifamily Property's Class Can Tell YouWhen you are dealing with multifamily apartment properties, it is very important to understand the different classes of properties. The class that a property is assigned can tell you a lot about the property and if it is worth your time and money to invest in. There are four different property classes: A, B, C, and D. ![]() 4 Areas of Asset Management of a Multifamily PropertyThe ability to improve your multifamily apartment property boils down to you being a good asset manager. The purpose of asset management is to increase equity by raising NOI to cap out the property. Asset management boils down to four areas: property management, repositioning, adding income sources and reducing expenses. ![]() 10 Creative Applications for getting your Apartment Investing Deals DoneWhen you are trying to figure out how to get your multifamily apartment investing deals done, there are techniques that you can use to do so. Any one of these techniques can be used individually or in a combination. They can be applied by rehabbers, wholesalers or buy and hold entrepreneurs. ![]() 3 Ways to Reposition Your Multifamily PropertyAre you trying to figure out a way to raise the rent on your multifamily apartment 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 apartment property. ![]() Buying Multifamily Properties and Overcoming Your FearsIt is our job as entrepreneurs who are raising private money to learn how to direct energy, other people's energy, into vehicles that produce more income for us and for them. It is all about managing the energy. You have a choice when it comes to raising private money for real estate investing: you can put your energy and time into a deal or you can put in your money into a deal. ![]() 5 Lead Generation Resources For Finding Motivated Multifamily SellersLead Generation is at the heart and soul of any business and it is no different with multifamily apartment investing. Are you at a loss as to how to track down sellers of multifamily properties? There are five solid resources for finding motivated sellers. These five sources are direct mail, brokers, www.loopnet.com, bird dogs and other venues. ![]() 4 Ways to Structure Your Multifamily Deal with the SellerAnother thing you need to keep in mind along with the four ways to structure your multifamily apartment deal with a seller is that there are two types of sellers. You have previous sellers that you can work with as well as sellers from marketing. ![]() Apartment Investing: The No-Brainer Business PlanYou've probably heard that if you fail to plan then you plan to fail. That's good advice. Planning is the key to success in any business and it's no different in the multifamily investing business. I'm going to show you how to create a super-simple business plan based on my own business plan.
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