
In our first case study, we dive into the first property we purchased, a 25 unit weekly rental that really fit our niche, mom and pop apartments. For those of you who do not know what a mom and pop apartment is, we coined the term to refer to any property that is being run by burned out landlords who have no systems in place to operate the property. The property contains deferred maintenance, lower than average rental rates, and owners who are motivated to sell. You get the idea of a mom and pop, and Courtyard fit this description to a T. It was love at first sight, and we learned many valuable lessons running this property that we will share with you in this video.
In this life changing deal, we break down the purchase and repositioning of our largest acquisition, a 136 unit multifamily property. Several traits made this property desirable; high vacancy in a low vacancy market, below market rents, poor management and the ability to increase revenues dramatically. When we purchased Park Place, the revenue was $53,000 per month. One year later, the revenue catapulted to $83,000 per month. We outline the process we used to achieve these tremendous gains, as well as the refinancing strategy that led to a $1.6 million payout!
This course will teach investors how to create an effective business plan for their real estate business. We call it our Credibility Book, a business plan that details an investor’s strategy, any current holdings, a plan to purchase undervalued assets, case studies and their personal plan on how to purchase future properties and the strategy they utilize to create value for themselves and their investors.
This course is for any investor who wants to,
You will learn from a banker on how he was impressed by our credibility book by the attention to detail and professionalism we exhibited, (the exact model we will be teaching you). It was all there structured for him and easy to consume and understand. This book separated us from the novice beginner and helped us to establish those crucial relationships in real estate with our bankers and investors.
This course is not only for investors, but can also be employed by
Each will all find our credibility book indispensable to delivering the message.
As a student, you can expect to,
To help you build your book, in this course you will be receiving,
This course created by Jake Stenziano and Gino Barbaro, #1 Amazon Best-Selling Authors of “WheelBarrow Profits: How To Create Passive Income, Build Wealth, And Take Control Of Your Destiny Through Multifamily Real Estate Investing.” and founders of Jake & Gino, LLC.