Multifamily Insights

When looking for off-market real estate deals, many wholesalers and real estate investors turn to various marketing strategies. Direct mail, online marketing, and bandit signs are some of the most popular strategies but there's one surprising strategy that has phenomenal reach and virtually no competition from other investors - radio. Yes, radio may feel a bit antiquated, but according to Chris Ar...

A positive attitude and personality have earned Vinney Chopra the nickname of Mr. Smiles and a real estate portfolio worth $400MM. Vinney believes that 90% of success comes from your mindset. His recent book, "Positivity Brings Profitability," highlights how important it is to have the right mindset if you are looking to be successful. Vinney has invested over $100,000 in coaching to help maintain...

For multifamily investors and property managers, finding tenants is a vital component of success. Whether you are simply turning a unit, repositioning a property, or leasing up a new asset, you want to get top rents from a quality resident. COVID has reduced or eliminated foot traffic and in-person showings, forcing many apartment owners to give concessions. Given these challenges, it is more impo...

Notes are a great investment because you don't have to worry about toilets, termites, or tenants! That's right, you can invest in notes and get cash flow without managing property. What is a note? A note is short for promissory note, which is a promise between a lender and a borrower, where the borrower is going to pay back the lender, making you the bank!    Kevin Galang, of Note Nuggets gives so...

Real estate investing is a great tool to create flexibility and freedom with time and money. However, there are fears that hold many people back from taking action and getting started. Many would-be investors imagine all of the negative scenarios and never take action to get that first deal. Overcoming fear is critical if you want to get started or scale your business or investment portfolio.   Ke...

As the old saying goes, "time is money." You don't waste money, so why would you waste time?   Gaining awareness of how you truly spend your time is essential to managing it. If you are not aware of how you actually spend your time, you will be forever stuck in a never-ending loop of mismanaged time.   Here are the top three tips from Ketan Patel, who is a transformation coach who helps motivated...

Financial freedom is the goal for many investors, but happiness is what most are really pursuing. Ketan Patel realized that there was more to life than financial freedom. He had studied to become a pharmacist and bought a senior care business that allowed him to only work one day a week. He had 40 employees but it wasn't until he understood the emotion that drove his desire for financial freedom t...

Many real estate investors get into real estate to supplement their retirement plans from their 401k and IRA accounts. Retirement planning is a key component to financial freedom, yet our current financial system is shackling many investors, according to Damion Lupo. He goes as far as to call the current financial model modern-day slavery. The big banks don't want you to know about the tools you c...

Finding deals in today's market is one of the most common challenges investors face. The demand for multifamily is hot and brokers are getting offers above the asking price as investors are prioritizing hard, physical assets like real estate. However, the key to finding a multifamily deal is leveraging the right marketing tactics and focusing on the cost per deal, not the cost per lead.   Gary Boo...

DJ Hume launched a brand new Instagram account on Jan. 1, 2020 and when we interviewed him he had 28k followers! We wanted to understand how we can grow and acquire our first 10,000 followers and he shares his best tips.   The first tip is being consistent as people need to see you day in and day out. It's more about timing than daily posts.  The second tip is to stop scrolling and to start creati...

When you are a complete newbie, it can be difficult to get started in real estate. DJ Hume knew this feeling as he made the decision to purchase his first home at 22 years old. His friends and family thought he was an idiot. Despite the negative feedback, he knew he was prepared and ready to pull the trigger. Now, he is a multifamily investor and his friends and family want to invest in his deals....

Most professionals focus on excelling at their job to earn a salary to take care of their family today and in the future. You know that saving and investing can help you prepare for the future, but most people miss a key chance to focus on optimizing their finances. Yes, you can hire a CPA to help you pay your taxes, but you actually need a tax advisor, not a CPA. What's the difference? A tax advi...

Money is one of the common challenges couples face. Usually, it's when there is misalignment on spending, saving, and investing goals. For a young couple looking to build a real estate portfolio, RJ and Nicole de Leon realized their mutual love for real estate and bought a 3-unit building to house-hack within the first year of dating. Through trial and error, they figured out how to invest in real...

Unlike any election we've seen before, it took five days before the media declared a winner in the 2020 Presidential Election. While President Trump has alleged voter fraud, there does not appear to be any proof that validates that claim. As it stands, Joe Biden won the election and is the President-Elect. But how will President-Elect Biden's policies affect real estate investors? Is the 1031 Exch...

We spoke with Dave Holman about driving profits while helping the planet through sustainable real estate solutions. Dave is an investor, author, and environmentalist. Dave has written three books: Youth Renewing the Countryside, Coffee Smuggler, and Cyber Fire.   In this bonus content, Dave shares how to become a better writer through four tips that have served him well.   You can't wait for inspi...

When multifamily investors think of value-add strategies, typically they are looking at interior improvements or new amenities. However, energy costs can be significant and is another area where expenses can be reduced, driving profits while helping the planet in the process. Investors can increase their NOI by using energy-efficient and sustainable materials.    "Heat pumps mitigate risk, cost th...

Value-add strategies are popular for apartment investing. Adding value to apartments usually consists of renovating interior units. However, these upgrades are not the only way to add value for multifamily. Since value is determined by the net operating income or NOI, anything that increases the NOI is adding value.    Besides rental income, you can generate other income from fees, amenities, and...

The urban core's mass exodus is being exaggerated, according to Taryn Byron. Nonetheless, developers and multifamily property owners need to adjust to changing demands from renters and shifts in demographics. Understandably, as many landlords and leasing agents are seeing more movement from renters, they are becoming more cautious in who they accept as replacement residents. Knowing how to screen...

Serving others has been a high priority for Mike Foster for years. It also serves as his path to success. He served his country as a Naval officer in the Navy. During his time, he developed combat and survival skills, while also preparing for his life after the military. Since then, Mike and his partners have been able to grow an online community and content platform called Active Duty Passive Inc...

Unlike single-family investing, multifamily is a team sport, and developing successful partnerships is a proven way to scale a portfolio. There are so many skills involved from finding deals, analyzing deals, making offers, managing renovations, and property management. It's critical to build a great team and that starts with an ideal partner. But how do you find a great partner? There are various...

Multifamily investing is a great alternative investment for many investors who are looking to diversify from the stock market. However, getting into multifamily can be a challenge, especially for larger apartment investing. To break into multifamily apartments, you first need to prove your credibility to brokers and owners who will see if you are even worthy of submitting offers. Clive Davis helpe...

Investors are looking for better yield, which is just the annual return on their investments. To find better returns, multifamily investors often look into different markets that are less competitive. This can leave some investors being priced out of hot markets and looking more into secondary markets, tertiary markets, and small towns. However, for Lee Yoder, he just looked in his backyard to fin...

Alvin "Hope" Johnson has an incredible story filled with lessons and insights that can inspire anyone to succeed. Over 35 years, he went from a handyman to a multifamily investor overseeing a $1.5 billion portfolio. Straight out of high school, he started out as a handyman and was then trained as a professional painter. As a painter, he hustled and began selling his services door to door. He was f...

Multifamily development is critical to address the housing shortage across the United States. However, the cost and lead time make it more challenging for most investors. The future of multifamily development is shifting driven by changes in the millennial life stage and co-living spaces as a result of COVID. In addition, student housing development has been evolving for over a decade based on stu...

Viral marketing is the holy grail for most entrepreneurs and marketers. Most people think of a meme or a video that gets millions of views, but that's not the right way to think about viral marketing. The hidden truth about viral marketing is it has to deliver core value in order to spread amongst the masses. According to Travis Steffen, viral marketing is the act of leveraging your own audience t...