How to Make Big Money in Small Apartments
"How to Make Big Money in Small Apartments" by Lance Edwards
Tags: fourplex apartment, real estate investor, small apartments, multifamily apartments
This was a great book full of ideas for purchasing multi-family units centering around no money down strategies. He had many interesting ideas to raise fund funds or purchase properties to numerious to note. Here are a few highlights:
Rasing Private Money Formula:
Part I - Finding people predisposed to invest in real estate (seller, IRA, auctions, real estate clubs, etc)
Part II - Give the lender the ability to gain control if you fail to perform.
Part III - Use insurance like Key Man and Business Income Lose to make the investment low risk. You can also use the reputation of a management company to makeup for your lack of experience.
Part IV - Give them a high return through interest rate, equity, or a hybrid of both.
More information on this http://www.BMSAbook.com/present
He also offered 16 small apartment strategies which are amazing and really got my brain moving. His website is BigMoneyinSmallApartments.com
He also offered mentoring help including a free 12 month plan. His email is ClientCare@FCGLLC.com
Biggest Takeaway: People are more worried about the return of their money than the return on their money.