When you're looking to finance a deal, you need to have a couple things in place before you can start.
Creating success is not always about the money. Being successful means that you’re able to create happiness in a good balance within your life because no matter how much money you make it’s never about the dollars. It’s about what makes you happy and what makes you want to strive to create the greatest amount of success. It may not be business related. It could be something personal that you want to accomplish or something you want to do with your family. It’s all about creating happiness within yourself. I think anybody that targets money to create success is going to be unsuccessful because you can generate a lot of money but if you’re not happy doing it, then it’s not going to be worthwhile. Why would you generate the money if it doesn’t make you happy? You have to figure out what drives you and what makes your mind tick, and what makes you want to be successful and what you classify as success. It’s different for every person and you have to find what it is that works for you to create happiness.
When you’re investing into real estate, you should be tracking your budgets and your proformas. You should have PNLs (Profit & Loss) and you should know exactly what your upside is going to be.
I want to talk to you about creating success within your lifestyle. The only way to do this is to create financial freedom, and without financial freedom you’re going to be working forever. There’s not going to be an end in sight if you don’t start working towards creating that financial freedom.
If you’re investing into real estate, there will be multiple projects and deals to choose from. Sometimes these projects will coincide with each other, which will keep you busy. We…
Analyzing an apartment deal is something that you have to do very carefully since there are many variables that can factor into it.
There are several ways you can increase the value of your properties cash flow and it doesn’t only have to be through your rental income.
Investing into multifamily construction right now is very challenging. This is mostly because lumber pricing has increased, sheet metal has gone up, and it’s tough to get appliances; therefore, it’s challenging to develop construction projects.
If you want to invest into multifamily real estate, you have to get out into the marketplace and look at deals. The deal is the most important part of the process.