Daily Meeting - Personal Finance 23: Apartment Complexes and Money MindsetBegan with a disclaimerThis Business Plan contains privileged and confidential information and unauthorized use of this information in any manner is strictly prohibited. If you are not the intended recipient, please notify the sender immediately. This Business Plan is for informational purposes and not intended to be a general solicitation or securities offering of any kind. The information contained herein is from sources believed to be reliable, however no representation by Sponsor(s), either expressed or implied, is made as to the accuracy of any information on this property and all investors should conduct their own research to determine the accuracy of any statements made. An investment in this offering will be a speculative investment and subject to significant risks and therefore investors are encouraged to consult with their personal legal and tax advisors. Neither the Sponsor(s), nor their representatives, officers, employees, affiliates, sub-contractor or vendors provide tax, legal or investment advice. Nothing in this document is intended to be or should be construed as such advice. The SEC has not passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials. However, prior to making any decision to contribute capital, all investors must review and execute the Private Placement Memorandum and related offering document.Don’t think of 6 figures; think 7 figuresDon’t think of being comfortable; think of being comfortable in massive overflowYou can do all of the due diligence, not have any money, and get in an apartment investing dealAnnouncementsMen’s Encounter — $99 9/3/22For men onlyIn a waning moonWomen’s Encounter — $999/10/22For women onlyOn the day of a harvest full moonAscension Conferences3 big conferences6/10/229/9/2212/16/22WanderCon5-day conferenceDec. 12-16, 2022$4,997$97 for anyone who talks to Grace or FredaAll esotericAll personal developmentAll self-helpDay 1: Evaluation DayDay 2: Discover DayDay 3: Relationship DayDay 4: Transformation DayDay 5: Ascension DayHow to Do Due Diligence on An Apartment ComplexBuying an Apartment Building - Multi Family Real Estate Due Diligence Process Explainedhttps://www.youtube.com/watch?v=ashbu77_43k What are the key metrics you look for when buying a property?Where it’s locatedA major metropolitan area 40-unit building$130,000 per unitYou get paid because the doors are flowing moneyYou want to cash flow to get the money from each doorMake sure your complex is 100% occupied5 people you need to analyze a property:A. PlumbersB. Mechanical contractorC. RoofersD. AppraiserE. Professional engineerAntonio’s real estate deal is in the Dallas Galleria area145 unitsInvestment was done in 506 (c) for accredited investors (people that make a certain amount of money and have a certain level of education) Minimum investment was $50,000 Investment Highlights• Post renovation upside of $194 per unit• Amazing location surrounded by 3 Fortune 10 companies, 22 Fortune 500 companies,and 45 Fortune 1000 companies, and many more companies migrating to DFW• Rare chance to buy 34 additional condos to add to our 111 unit purchase, to qualify thenext buyer for agency lending and lower rates, as we achieve 80% ownership• Tremendous unit mix of 12% one bedrooms, 64% two bedrooms, 12% two bedroomtownhomes, and 12% 3 bedrooms• Strong sponsor team with track record of 15 Texas properties If the numbers work, you’re getting that dealIf you have terrible credit, all you need are the numbers and collateral for the deal to work80% funded, 20% down if it’s a deal that’s asking for collateralLet your cash flow pile up so it can go towards your next apartment complex; that way, you’re not using your moneyWhen you’re interested in investing in an apartment complex, you need to have a letter of intent, and the letter must be acceptedYou should have 4 lawyers:Criminal lawyerReal estate lawyerBusiness lawyerTax lawyerReal Estate Letter of Intenthttps://s3.us-central-1.wasabisys.com/40webinars/RealEstateLetterofIntent.pages Grant Cardone Real Estate Episodeshttps://www.youtube.com/watch?v=urWPYZ-lTPQ&list=PLnZ0O70oWnJZYgwZCPRG_bc6wEiIfnK5p Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-contentAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related