Articles by Lance Edwards
- Top Ten Reasons Why You Should Buy Multifamily Properties
When 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: Published 20Nov2009, viewed 189 times
- 3 Types of Investors for your Multifamily Deals
The 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. Published 20Nov2009, viewed 174 times
- What a Multifamily Property's Class Can Tell You
When 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. Published 20Nov2009, viewed 220 times
- 5-Step Process to Financial Freedom Through Real Estate Investing
You have learned how to create a real estate business. But at the same time, you want to create your net worth. The steps to getting this done are a 5-step process. Not only can you apply this process to your business, but you can apply it to your personal life. Published 20Nov2009, viewed 152 times
- Buying Multifamily Properties and Overcoming Your Fears
It 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. Published 26Oct2009, viewed 457 times
- 4 Areas of Asset Management of a Multifamily Property
The 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. Published 25Oct2009, viewed 194 times
- 3 Ways to Reposition Your Multifamily Property
Are 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. Published 25Oct2009, viewed 166 times
- 5 Lead Generation Resources For Finding Motivated Sellers
Lead 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. Published 25Oct2009, viewed 186 times
- Additional Sources of Revenue for Your Multifamily Property
The great thing about multifamily apartment properties is that there are several ways to increase revenues available to you. You are not limited to the rent that you charge per unit. There are some relatively standard things you can add to create additional income streams as well as some rather ingenious items. Below is a list of possibilities for your consideration. Published 19Oct2009, viewed 283 times
- 401K, HELOC and Other Options You Can Use to Fund Your Real Estate Deal
Are you still looking for inventive ways to get your multifamily apartment property deal done? The venues that you can utilize to get your investing deal done are numerous. Below are ten more possibilities for you to consider. Published 19Oct2009, viewed 498 times
- 10 Creative Applications for getting your Mutifamily Deals Done
When 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. Published 19Oct2009, viewed 254 times
- 4 Ways to Structure Your Multifamily Deal with the Seller
Another 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. Published 02Oct2009, viewed 391 times
- Apartment Investing: The No-Brainer Business Plan
You'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. Published 02Oct2009, viewed 368 times
- Ways to Reduce Risk for Your Multifamily Real Estate Investors
Management team experience. Your investors want to know that you have the experience you need to do the job. Put yourself in your investor's shoes and consider how confident you'd be if someone asked you for money but couldn't demonstrate that they knew what they were doing! Demonstrate your management experience and you'll increase your investor's confidence. Published 02Oct2009, viewed 488 times
- The Investing Equation that Cost Me Thousands
The equation answers the question "how do I become successful?" This is a question that entrepreneurs and investors ask over and over, and if you are entering the world of multifamily real estate investing, you should be asking that question, too. When you answer this equation, you will become successful. The equation is: Success = Skillset + Mindset + Community. Published 02Oct2009, viewed 368 times
- 4 Essential Questions to Ask Your Investors
There are two kinds of people in the world: Those who say they are going to do something and those who actually do it. You might find people who are interested in becoming investors but once the proverbial rubber meets the road, they may be hesitant to part with their money. Or, they might hand over their investment with several demands and strong arm negotiation tactics. Published 17Sep2009, viewed 182 times
- How to Get Predisposed Private Money
Real estate entrepreneurs may desire to get out from their jobs and enter the world of real estate investing using their own money. But it won't work. Ask any successful real estate investor, someone who has been in the industry for a while, and they will tell you otherwise. If you want longevity in this game you need to be able to raise capital from investors. Published 17Sep2009, viewed 163 times
- Creativity in Multifamily Investing
When people think of investing, they often think that it's a numbers game and therefore full of rules that restrict. But rules were made to be broken and real estate investing is a business that requires a healthy dose of creativity! In this article, I want show you why it pays to be creative. So go ahead and break the rules! Published 17Sep2009, viewed 176 times
- Applying a Business Guru's Insight to Multifamily Apartment Investing - Part 2
Business 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. Published 17Sep2009, viewed 138 times
- Applying a Business Guru's Insight to Multifamily Apartment Investing - Part 1
In 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. Published 17Sep2009, viewed 180 times
- 5 Reasons Why NOW is the Perfect Time for Apartment Investing
If you say the word "investing" these days, people tend to shudder and run in the other direction. Investing has become almost a curse word because we've all seen our stock portfolios evaporate. What people don't realize is that stock investing is a self-fulfilling prophecy and the only way many people will survive is by doing something else. I advise apartment investing. Published 17Sep2009, viewed 159 times
- Get Out of Your Job and Get Into Multifamily Real Estate... Faster
Let's be honest: Work isn't always a pleasure. That's why it's called work! You fight traffic, you put up with your boss, you try to ignore the office politics, and you can't wait to get home at night. Day in and day out. No wonder so many people want to be their own boss! Published 17Sep2009, viewed 174 times
- 5 Networking Opportunities
Sometimes, 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. Published 17Sep2009, viewed 168 times
- 3 Steps for Contracting and Closing a Multifamily Property Deal
So 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. Published 26Jul2009, viewed 303 times
- 3 Ingenious Ways to Structure Your Multifamily Property Deal
There 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. Published 26Jul2009, viewed 302 times
- 2 Areas of Control in Multifamily Investing
There 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. Published 26Jul2009, viewed 341 times
- 3 Ways to Reposition Your Multifamily Property
Are 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. Published 10Jul2009, viewed 246 times
- 3 Things to Market for in Multifamily Investing
The 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. Published 10Jul2009, viewed 207 times
- 4 Components Needed to Create Wealth Through Real Estate Investments
It 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. Published 03Jul2009, viewed 332 times
- Multifamily Investing: 4 Part Formula to Raising Private Money
When 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. Published 23Jun2009, viewed 306 times
- 10 Advantages of Owning Multifamily Apartment Properties
In these tough economic times, people are looking for sound investment opportunities. People desire income opportunities that are low risk but yield great returns. Such opportunities are hard to come by. Owning multifamily properties offers you the best of both worlds. Cited here are 10 advantages of owning apartments - using none of your own money. Published 21Jun2009, viewed 360 times
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