10 Creative Applications For Getting Your Mutifamily Investing 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.

By Lance Edwards

401K, HELOC And Other Options You Can Use To Fund Your Apartment Investing 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.

By Lance Edwards

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.

By Lance Edwards

Additional Sources Of Revenue For Investing In 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.

By Lance Edwards

 Investing in Kentucky's future: An examination of coal resources and revenues for Letcher County, Ky

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.

By Lance Edwards

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.

1.  Cosmetic:  You are likely to hear some vernacular in the industry like “putting lipstick on a pig”.  This refers to things like painting or landscaping and anything else that is non-structural in nature.

2.  Complete Rehab and facelift:  This option is more involved.  You can put in all new appliances and new carpet on the vacant units and completely rehab it so some of the stuff looks new.  The rehab does not necessarily change the class that the property is in.  For instance, if you have a Class C multifamily apartment property that was built in the 60’s, it will still be a Class C after you rehab it.

3.  Put new management in place:  If you buy a distressed property that has a 70% occupancy rate and has an existing manger, the first thing you want to do is fire the manager because he probably has bad habits.  If you are serious about what you are doing, you want to put new guidelines in place.  Clean house and replace the apartment property manager because that is the first step to raising rents and increasing the occupancy.

There might be a contract in place with the apartment property manager but most have a 30- or 60- day out clause for both parties so you would have to give notice.  Management contracts are usually pretty flexible.
The first thing you want to do when repositioning is to remove the bad tenants because they are dragging down your property.  Other tenants in the complex know who the bad tenants are.  You want to get rid of the bad tenants so you can create a family-friendly environment.  You want your tenants to feel safe and secure.
Even if the bad tenant is paying his rent on time, you still want to remove him because he is bringing down the rest of the apartment property.

Repositioning offers you a way to raise the rent on your multifamily apartment property.  You can either go “all out” and completely rehab the property or go with the less intensive changes of cosmetic improvements or management restructuring.  Be sure to carefully evaluate which option is best suited for your investing needs.

Think you need big cash and experience to do apartments? Well, Lance Edwards is living proof that you can start with multifamily investing - just like he did and using none of his own money. Utilizing the multifamily apartment strategies he now teaches and writes about, Lance retired from his job in July, 2005. For more information on how you can achieve financial freedom using other people's money, visit http://www.ApartmentWealthMachine.com

 

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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:

By Lance Edwards

Buying Multifamily Apartment 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.

By Lance Edwards

Overcoming drug problems in multifamily housing.: An article from: Journal of Property Management 

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.

By Lance Edwards

What An Apartment 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.

By Lance Edwards

C & W to lease Downtown Brooklyn's newest Class A tower.(Sales & Leasing): An article from: Real Estate Weekly 

Investing: 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.

By Lance Edwards

Which Running Shoes To Buy?

Have you ever browsed through a running store looking for the right pair of shoes? It can be a daunting task, given all the options available to the consumer. Any good running store will have at least five or six brands heavily stocked. Within each brand, there may be a dozen or so choices, so how do you know which one to pick for yourself?

By Tatiana Wellens Bruschayt DPM PhD

Work From Home Without The Household Pressures

Many people who work from home find themselves working from a cramped corner of their lounge, surrounded by household paraphernalia and interruptions. The solution to this home working problem is simple - utilise your outdoor space with a garden home office. You can choose a size to meet your needs and there are hundreds of styles available allowing you to choose the number of doors and windows, thickness of logs and shape of the roof.

By Filton Kingswood

What To Consider When Buying A Wheelbarrow

When choosing which wheelbarrow to buy, it's very important to consider what it will be used for - are you planning on moving small gardening objects such as tools and plants, or are you a builder looking to move concrete or bricks? The weight and size of the wheelbarrow also needs to be considered to determine the number of trips required and the stability of the load.

By Filton Kingswood

Testing Your Boat

Okay, so you've found the boat of your dreams. What's the first thing you should do? Test it! Testing a boat involves a lot more than a quick cruise around the harbour! You should inspect the boat like a professional boat inspector.

By Simon White

Art Auctions: Art Deco

Within the subject of contemporary art, artwork deco performs a large and impressively lavish role. The robust colours and sweeping curves lend art deco the trademark boldness that expressed much of the progress and modern advances of the twentieth century. Artwork auctions around the world nonetheless move many art deco items of various kinds.

By Gaetan Fortier

Art Auctions: Modern Art

It is really a beautiful factor when you consider how a lot we achieve from our appreciation of art, what volumes it speaks about our personal tradition, and amongst cultures that make up the world in addition to our own. It's highly modern to understand one thing of what artwork is, how it tries to reinterpret our personal scope of the world on an artistic level, and but reveals a lot of the human nature behind its creation.

By Gaetan Fortier

Art Auctions: Early American Artwork

There are many types and mediums from which to choose your classic piece of artwork, and whenever you do the satisfactory amount of analysis on the subject, then you will be higher prepared to search out that excellent painting or work by an artist that you could relate simpler to.

By Gaetan Fortier

Artwork Auctions For Drawings

Artwork auctions for drawings are categorized into antique, trendy and contemporary. Antique drawings are any drawings that were produced before 1900. Trendy drawings must have been created between 1900 and 1949. Contemporary drawings are drawings that have been created from 1950 till the present.

By Gaetan Fortier

Why You Should Keep Writing Articles to Market Yourself

By : Judy Cullins

Maybe you have affiliate programs, maybe you have a service-oriented web site. Definitely you want more affiliate click throughs that boost your commissions. Definitely you want more qualified clients, and definitely you want more targeted visitors to your site. To stand out from the crowd do these things: