Buy Your First Apartment Complex (Step-By-Step)

How I bought this 12-unit apartment complex and how you can too using the BRRRR Method! I break down the exact steps I took to acquire, rehab, rent, and refinance.

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[junevictor]

Let me tell all of you NO LENDER WILL JUST PROVIDE YOU WITH MONEY, PRIVATE, BANKS, etc etc, WITHOUT EXPERIENCE!!! The only person who will give you money is your wealthy uncle or friend.

[BadEconomyOfficial]

Literally met a guy who said he lived in a hanger, I think abandoned offices, Warehouses and Hangers MIGHT be cheaper. It depends on where you are.

[zakeryday]

iinteresting video. i’m a new dad, I moved closer to Santa Clara a few years ago and I’m thinking of purchasing a single family home there, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

[PaulWilliams]

Very informative video.
If I could make a request to put numbers on the screen? Some of it would be easier to follow.

I love all your content!

[DadLyfeYOLO]

Is it normal to get private funding without any of your own cash??

[craigshak]

What you did not say is what are the terms of the loan from bank the first or the second time. Usually banks don’t lend fixed rate loans for 30 years for 5 or more units but it sounded like you got a loan for 30 years . Can you clarify if that was for fixed 30 or just amortization for 30 and you will need to refi in 5 years or pay a ballon

[hinfu]

So you made 149k off this deal, but you said it took up 3 years of your time ?

[Easyservice-xq]

Just like your words, so are your videos

[AndreaAllen-vy]

Do these guys ever talk about when things go wrong?

[nguye]

Interesting. How do you get onto a contract without showing a proof of funds in the first place?

[FunkInvesting]

It's nice to see another way to do it! I show people a turnkey multifamily investment opportunity that is unlike any other. So it's very refreshing to see another way to do it that works well!

[lloydlandsurveying]

How would that exact scenario work in today’s inflated market when that same property is $1.1 million? The story from yesteryear is nice, but what about something current??? Thanks.

[dncprncss]

How did you find your private money lender?

[ryanantonellis]

Real estate comes down to knowing how to communicate, and being confident enough to to sell someone you know or someone you don’t know on why they should fund the down payment. That’s the missing link for most people, but that’s not hard to do once you can assure people that they’re going to win from your deal. The amount of people you know right now who likely put their money in 4% savings accounts but would love to know about a better way - it’s more than you think. You just have to be the man with plan, and eventually if your plan makes sense someone is going to pay the down payment. $186k is not a lot to most middle class boomers.

[Sheltons]

I'm from Troy MO! You all have really done good with improving that complex. Looks great 👍

[MemeTeam-tiktok]

Bro, I'm trying to do this exact strategy and still at the starting point. Any chance we can work a deal that I can partner with you on?

[crypto_ai_v]

Did you have to pay for closing cost too? If so how much was it and did you use funds from the private lender to cover it?

[offthetrail]

I was looking at that place as a first apartment purchase. I’m not ready technically but I veered my eyes that way lol. I live around Troy

[adambouchater]

The question is how many deals like that you do in a given 1 or 2. I guess is none. You were lucky with that complex. The rate went down with Covid and the value of everything went up. Nothing special it was pure luck. Timing was perfect

[eddiecenteno]

Ive always been asked where is the down payment coming from because most lenders want to know you used your own money for the down payment, how di you get around that?