How to Build a Multifamily Portfolio Part Time from Scratch
ฝัง
- เผยแพร่เมื่อ 27 ก.ค. 2024
- Discover how to build a multifamily portfolio part time from scratch. You'll learn how one of our protégés, Dave, built a $6MM, 45 unit multifamily portfolio, part time, starting from scratch while he drove a truck full time and it now generates $600,000 in annual rental income. Find out how he did it and how you can too! Learn more here: www.commercialpropertyadvisor...
Every successful multifamily investor built their portfolio with the help of a mentor. Get your mentor here: www.commercialpropertyadvisor...
0:00 Intro: Building a Multifamily Portfolio Part Time from Scratch
2:00 Meet Protégé Dave
3:34 Why Dave Chose Multifamily
6:20 Multifamily Acquisition Schedule
8:30 Multifamily Financing Techniques
14:05 3 Keys to Building a Multifamily Portfolio
14:16 Building Industry Relationships
15:56 Multifamily Mentorship
17:46 Multifamily Property Management
22:15 How Dave Built a $6MM Multifamily Portfolio
25:00 Review of Dave's 3 Keys to Success
I think the biggest issue for most people is the 25 percent down payment
There are several ways to solve that problem, as described in this training: 6 Ways to Raise Down Payment Money for Commercial Real Estate: th-cam.com/video/TuL7sjVHi0o/w-d-xo.html
I agree. While there are ways to get the down payment without using your own savings, all those methods require reducing the profitability of the deal. It's still better to take on investor money, govt programs, HELOCs/HELs, etc. then to never get started, but part of Dave's quick success was due to the fact that he already had hundreds of thousands saved up to use as a down payment. He would have been successful with or without that money, but it would have taken double the time or more.
Great video, I love CPA b/c it is straightforward; he doesn't use click bait or get rich quick schemes. This channel is the real deal. Just straightforward information that can be applied by anyone who is focused and willing to do the work.
Awesome Job Dave!!! $6M+ in holdings and $600K passive annual income in such a short time from scratch with all multi-families under 10 units!
Obviously your mentor shared the ins/outs that nobody in networking ever shares!
This is a wonderful successful case!
Congrats Dave 🎉
Congrats Dave and Peter! I know with Peter's training and hand-holding that's the reason Dave is doing so well, as he started off as a beginner. 👍
I agree with what he said! Thanks to you I have 4 pages of notes on NOI, ROI, COC, CAP RATE, DCR....huge thank you!
Dave. Enjoy walking into your blessings on a daily basis. It will take you places
High 5 Dave. Mr Harris, your instruction is appreciated, Sir. Your mentorship quality is so clear, you leave out no details. See you as soon as I get through your videos.
Wow, thanks
Congrats Dave! This is so inspiring…. Looking forward to doing this.
Way to go, Dave! Thank you for sharing and being an inspiration
Congrats Dave! And thank you so much Peter! I've been watching your videos and really learned a lot and still want to learn more.
Great job Dave. Way to take action! Thanks for the video Peter and for your guidance and coaching.
Excellent Dave! Gives us all motivation and a reason to never give up!
Congrats Dave ! Great inspiration and your commitment to the process with CPA. Appreciate your perspective and sharing your key points ! Keep growing that portfolio 🙌🏽🙌🏽
Thanks Sir..for educating us
Congratulations Dave!
Congratulations Dave on building a portfolio, awesome job. 5yrs, 7 properties, 6mil & $600k income. Looks like you've built a nice retirement nest egg in s short time period. Again, great job!
The only thing that is misleading about real estate is there is no way to determine what someone is making based on the value, amount of properties, or rent roll. He could be making $1 billion/day and still not see any cash flow from that. $600k in rent does not mean $600k income like it does from a job. I'm sure he is doing very well as he seems to be an intelligent man; I just wanted to point that fact out since most new investors or non-investors don't understand that component of REI.
Way to go Dave, congratulations
Congrats Dave. You're and inspiration!
Thanks For sharing the experience
Congrats Dave !
Congratulations Mr Dave & Family!
Can you make video how to read balance sheet and how to make with example and comperision between two property explain using balance sheet.
Congrats Dave
Great job!!
Congratulations 🎉😮 Dave
Congratulations Dave, you’re an inspiration
Congrats Dave!!!
Great Dave, love your temperament as Andy Tanner says.
Nice job Dave 👍🏽
CONGRATULATIONS Dave 👍
Great job dave
Congrats, Dave
I'm late, but congrats Dave!
Priceless information
Mr.Harris And Dave thanks for this Educational Real Estate Video.. I Look Forward To Getting In The Field And God Willingly Have The Opportunity In Meeting My Real Estate Comrades
nice job ;-)
If i could give multiple thumbs up, i would
Congrats Dave! Your journey in commercial real estate is so encouraging!
Is there a way to get in contact with Dave to ask some questions?
Congratulation
Good work, Dave?
Also, where does one find multi-family listings? Zillow? Trulia? and a broker who will work with someone new to real estate?
Agents!
😃
What type pf debts and credit score did he have when he got his first unit?
He didn't share that with us but our guess is that his credit score was decent. The property itself is why the local bank funded his first deal, not his debt to income ratio.
@@CommercialPropertyAdvisors Did the bank feel that the property was more investment worthy than others?
@@docimma Learn more about how multifamily/apartment loans work here: th-cam.com/video/TeCMuNso4zw/w-d-xo.html
@@CommercialPropertyAdvisors where is the answer to the commercial quiz in the posted video link? Which loan is better (Local bank, Fannie Mae, NCSC)
Love the videos but please get a 💡
We want to see that handsome mentor
Do you have a Email Address?
peter@commercialpropertyadvisors.com
good da e also great. ray/
Congratulations Dave!
Congrats Dave!
Congratulations Dave!