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.

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