Easily Discover and Acquire The Best Multifamily Properties

Name: Easily Discover and Acquire The Best Multifamily Properties
Rating: 4.4 (96 reviews)

Learn how to locate, analyze, reposition and create massive value from underperforming multi family real estate.

Created byWheelbarrow Profits

Last updated 2/2016

English

What you'll learn

Learn a proven framework on spotting value in multifamily assets and purchasing them at the right price.
Once you buy right, learn how to follow our three step repositioning framework to increasing revenue and decreasing expenses.
Learn to identify underperforming properties, and how to recognize and engage motivated sellers, the key to any bargain in real estate.
Discover the opportunities that you have overlooked in your own market, and start looking at problems in a property as potential moneymakers.
Learn the characteristics of a mom and pop and why you need to be investing in them.

Course content

3 sections • 12 lectures • 1h 10m total length

Introduction to discovering the best possible multifamily properties1:18
Niche within a Niche, discovering where the real opportunities exist4:41
In this lesson, you are going to learn what a “Mom & Pop” is and how to recognize opportunities in these properties. You will also learn to identify how the owners are running their properties ineffectively and what you can do to solve the problems. This is your first foray into the realm of mom and pops. So let’s get started.
Mom & Pop Apartments And How We Convert Them Into Cash Monsters12:00
Discover a newly defined niche in real estate investing and how you can cash in on this overlooked market. Mom and Pop apartments create the biggest opportunities for value-add investing, period!

We have coined the phrase to describe a property that is being run inefficiently by small business owners. Learn how to identify a mom and pop property, how to purchase a mom and pop and create massive value, and ow to reposition a mom and pop property into a cash flowing machine!

Case Study 1: Courtyard9:52
Learn how your first mom and pop property can change your life and how you can discover value where everyone else sees disaster. Find out how you can acquire property for a great price with owner financing. We are going to outline the steps we took to reposition this multifamily property and restore it to its former glory for you, so that you can do the same. We want you to avoid the tremendous amount of grief we went through, but still get massive value from the lessons we learned the hard way. Finally, learn how you can potentially get all of our money back and then some, like we did. We'll show you every step we took.
Case Study 2: Jefferson City10:28
Let’s move onto the granddaddy of mom and pops, a 281 unit multifamily property in Jefferson City, TN. This property also displayed characteristic mom and pop traits and had enormous potential. Listen as to how we were able to secure owner financing to close this deal with no money out of our pocket. We will discuss how we found this deal and how we were able to score with owner financing.
Case Study 3: Park Place6:50
On our third deal, we were able to acquire a one hundred and thirty six unit mom and pop. Find out what made this property extremely attractive and what we did to increase the value from $4.075 million to $6.3 million in only eighteen months. Listen as to what we fixed on the property and how we began to run the property as a business. We will show you how we were able to increase revenue from $53,000 per month to over $85,000 per month in only twelve months.
Trait 1: Partnership Traits5:08
Trait 2: Business Management Traits17:30
We will list all of the business traits to look for when investing in mom and pops. Such traits include vacancy rates, deferred maintenance and below market rents. Learn how to spot these traits and come up with a solution. Check out how we run our properties efficiently and market our properties on the internet.
Trait 3: Physical Property Traits1:35
A very powerful testimonial from Gino on performing due diligence. Many mom and pop properties are not in compliance with the local building codes. Make sure you perform your legal due diligence to see if the property has any violations, such as illegal apartments, improper fire safety protections or zoning issues. Once you purchase the property, these issues become your issues.
Trait 4: Life Circumstance Traits3:11
Find out all the different circumstances that create a motivated seller in a mom and pop property. You may encounter an individual who inherited a property, a person who is ready to retire or an individual who is dealing with health issues. These traits are important to observe because they will allow you to find motivated sellers.

Manage8:46
Now that you’ve purchased your first mom and pop at a great price, what do you do? It’s time to implement our three-step repositioning framework: Fill vacant units, implement RUBS and raise remaining rents to market. Learn our recipe when we take over a property and how we attack the problems that we encounter. Renovate the exterior of the property and start your improvements to the individual apartments.
Buy Right Wrap Up1:18

Requirements

Students should enter this course with a willingness to learn and enter the space of multifamily real-estate investing with confidence.

Description

This course will teach you how to acquire a valuable multifamily asset at the right price. You will learn what a “Mom and Pop” apartment is, a term that we invented to describe underperforming multifamily assets. It is our niche within a niche.

Multifamily properties are where you should be investing to create wealth and generate passive income, and mom and pops are that niche within a niche.

In this course, you will learn how to locate one, how to analyze one, how to create value with a mom and pop and how to reposition a mom and pop into a cash machine.

You will learn how to implement our three-step repositioning framework:

Fill the vacant units
Implement RUBS
Raise remaining rents to market

Finally, our case studies will show you how this underutilized niche can create wealth for you by outlining our successes and failures.

Learn from Jake and Gino, who exploded their mom and pop portfolio to over 600 units in only three years utilizing these same strategies. You can do the same with relative ease, and this course will show you every step you'll take to get there.

Who this course is for:

This course is ideal for a beginning investor who has no knowledge of managing multifamily real estate.
Also, this course is ideal for an investor who is currently investing in real estate but wants to implement a proven, result oriented and highly profitable system.
Ideal for any real estate investor who wants to enter the lucrative apartment sector and buy with confidence.

Easily Discover and Acquire The Best Multifamily Properties

What you'll learn

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Course content

Changing your paradigm to "Mom & Pop" to discover assets with profit potential3 lectures • 18min

Case Studies, learn the exact steps we used to discover and monetize properties7 lectures • 55min

First steps to Manage Right, following your acquisition2 lectures • 10min

Requirements

Description

Who this course is for: