I am here to share my experience and to provide some tactic tools and strategies as you anticipate for your most awaited first multifamily deal. This is the exact same process I followed, I just fine-tune it, refined it throughout the journey on the multifamily side but now it’s to a point where just doing small tweaks at this moment, so I'm just going to share what I’ve done up until this point.
Today, more and more people are now doing the big switch from single-family to multifamily real estate property investing. This is because multifamily investing is more promising in terms of value, competition as well as the return on investment.
On the other hand, shifting to another investment opportunity is not as easy as you think. I can attest to that. The road to success wasn’t easy. I had encountered a lot of setbacks and mistakes before I finally learned the ropes of it.
To succeed in the real estate industry or any other niche out there from what I’ve seen, it is essential that you want to be investing in the right tools and materials but other than that, I’d say yourself is the most worthwhile investment. Why do I say this? For me investing in myself is something that has helped me to reach where I am today.
As I have alluded to, I have made more mistakes in the past compared to my successes, but I always make it a point to learn from them. During that time, one of the most effective methods I’ve found when conducting real estate deals is the direct-to-seller approach. Using this method, you will have the highest chance to close a deal with the best terms for you and the seller.
The real estate industry is very inviting, just think of the opportunities and hefty income that you can get if done right. On the other hand, people tend to have difficulty deciding if they are going to jump in or not. Entering this industry is not easy for the reason that aside from the things that one needs to know or familiarize, having the right mind-set is definitely should be the main priority.
In this article, I will be sharing my thoughts, mindset, and experience as I go through the real estate investing journey. Having a proper mindset is I think very important especially if you want to succeed in life in this competitive industry.
If you want to succeed as an entrepreneur, don’t try to do everything. Focusing on different things at the same time can lead to not being able to accomplish your goals.
I tried to know and do everything because I didn't have the confidence and trust to delegate the job to other people. I was one of those stubborn business owners.
Off-market properties are the perfect option if you are looking for single-family homes or apartments. Since they are not yet advertised in the market, you have a bigger opportunity to get great deals. On the other hand, not having the right strategy on finding the best off-market multifamily deals can lead to failure, Having a hard time finding the best off-market multifamily deals? In this article, I will be sharing with you the ultimate trick in finding the best deals.
It is very difficult to succeed in a certain field without someone who will push you and support you or at least somebody who can give you the right tips. In the real estate world, it’s hard to start, especially if you don’t know what or where to start. Finding the best mentors who can give you the learning, tools, and guidance is very imperative to make it big or have traction in this competitive industry.
Are you planning to expand in a new real estate market or neighborhood? Since the real estate market is depending on several factors such as economic conditions, interest rates and trends, it’s hard to tell when the best time to expand is. On the other hand, with the right strategies and approaches, it would just be easier for you to try other markets that can boost your chance.
When investing in rental properties, I learned through my journey that I should not just focus on how I can make money on my investment. Yes, they are a good source of passive income, but you should also prepare or anticipate yourself from the expenses that may come in the future. I think that sharing these from my own experience gives more value to future investors like you.
