How to Buy Your First Apartment Complex

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  • เผยแพร่เมื่อ 30 ก.ย. 2024

ความคิดเห็น • 105

  • @GhanYt
    @GhanYt ปีที่แล้ว +176

    I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

    • @bahijarhafiri
      @bahijarhafiri ปีที่แล้ว

      Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

    • @bahijarhafiri
      @bahijarhafiri ปีที่แล้ว

      There are a lot of independent advlsors you might look into. But i work with ROCH DUNGCA-SCHREIBER* . and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.......

  • @whitestone2469
    @whitestone2469 2 ปีที่แล้ว +23

    Your videos have helped me reach over $180,000 in trading by age 23! Thanks Eric and Niki. Keep the videos coming. 👍🏽

    • @andrewblack4432
      @andrewblack4432 2 ปีที่แล้ว

      Congrats ! I started right before covid when the recession hit. i made a lot during covid from my passive income .

    • @favourazah1504
      @favourazah1504 2 ปีที่แล้ว

      I'm convinced that the big investors and analysts are trying to scare us to keep us poor and ignorant to the market.. because its steady doing good after all the jobless and market crash talks

    • @jamesjude4988
      @jamesjude4988 2 ปีที่แล้ว

      Congrats and wishing you the best .

    • @whitestone2469
      @whitestone2469 2 ปีที่แล้ว

      @kim sun When I was 20 ,but you need a finance Pro if you don’t want to loose and if you want to be more successful.

    • @whitestone2469
      @whitestone2469 2 ปีที่แล้ว

      @kim sun Follow⬇⬇

  • @iamSamuelSmiley
    @iamSamuelSmiley 3 ปีที่แล้ว +15

    I really appreciate these videos and insight. This is one of my goals, to own property and apartments and multi-family units. Thansk for the knowledge and inspiration!

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว +1

      Anytime! So glad to hear that this helped Samuel, and thank you for leaving a comment

  • @shanieceholmes6372
    @shanieceholmes6372 ปีที่แล้ว +1

    Hi, I was wondering do you suggest starting off with a multifamily before moving on to a apartment complex?

  • @bonifacendungu3859
    @bonifacendungu3859 2 ปีที่แล้ว +6

    Love it…at the gym running and getting motivated…10 minutes of life changing tips.
    I have duplexes and a 6-plex but I know this subscription will do me wonders

    • @EricNiki
      @EricNiki  2 ปีที่แล้ว

      Thank you for the kind words

  • @tainaheimuli
    @tainaheimuli 2 ปีที่แล้ว +2

    I’ve been going back and forth in my mind whether to invest in a Multifamily investment workshop. Basically everything you shared is the information they are going to share. Do you think an investment in this education would be beneficial for a newbie to the industry?

  • @jameshill1092
    @jameshill1092 3 ปีที่แล้ว +5

    Just found your channel yesterday. You are a super clear communicator. Much appreciated as my wife and I get closer and closer to pulling the trigger on real estate investment!

    • @intent6560
      @intent6560 3 ปีที่แล้ว

      Hey James im in real-estate myself and i currently have a apartment complex for sell with a 8% CAP RATE! let me know if you guys are interested

  • @Hampton480
    @Hampton480 3 ปีที่แล้ว +4

    Looking to do this in the future. How do you find investors to partner with?

    • @Qu3zo16
      @Qu3zo16 2 ปีที่แล้ว

      Real estate meetups. Virtual and/or local

    • @angolanqueen
      @angolanqueen ปีที่แล้ว

      Where do I get that

  • @naveenys8404
    @naveenys8404 9 หลายเดือนก่อน

    Hi. I see good deals with great cashflow but I don't have that much money for 30% down payment. Also don't have experience in RE. What's the way for beginners like me?

  • @davidpearson5388
    @davidpearson5388 4 หลายเดือนก่อน

    I’m just getting started. Subscribed to your channel to see the rest of your videos and would definitely appreciate any more info you would be willing to share. Thanks!!!

  • @RezzyDocYT
    @RezzyDocYT ปีที่แล้ว

    Huntsville, AL? Can you provide the property management company?

  • @stevenanderson3386
    @stevenanderson3386 6 หลายเดือนก่อน

    Hi I’m newer investor been investing in Realestate part time for about 6 years and have a portfolio of 5 houses and 1 commercial automotive property with 12 units total Have a decent 18unit I’m looking at off market and need a private money lender to help with down payment and rehab. Any recommendations would be much appreciated.

  • @angolanqueen
    @angolanqueen ปีที่แล้ว

    Can I please team up with you California has great places and I would love to learn and invest my money on it I have. Thought of this I live next to the university

  • @trentcalson105
    @trentcalson105 2 ปีที่แล้ว

    I got biweekly stubs from Cyber Credible showing I make 3x the rent

  • @trentcalson105
    @trentcalson105 2 ปีที่แล้ว

    I got biweekly stubs from Cyber Credible showing I make 3x the rent

  • @feinyxlshae
    @feinyxlshae ปีที่แล้ว

    This is my goal also. Learning this and utilizing my PM skills. I have friends that are willing to invest and grow with me

  • @anthonykuhnheim
    @anthonykuhnheim 6 หลายเดือนก่อน

    Interested in getting into ownership side. Would love to chat more and possibly team up with you

  • @officialdulcegomez
    @officialdulcegomez 3 ปีที่แล้ว +1

    Well I’m completely new and I don’t know how to buy but I have been a property/project manager for several years. I would definitely love some help! I’ve asked but either I sound like a newbie or idk 🤷🏽‍♀️

  • @dessytravelllctrucking1671
    @dessytravelllctrucking1671 3 ปีที่แล้ว +2

    Just started my llc any investor I the Atlanta area looking to get my first apt 10 to 15 unit

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว

      Best of luck! Let us know if you have any questions

  • @brittneymarshall8951
    @brittneymarshall8951 ปีที่แล้ว

    Glad I found your channel I’m looking at buying a 3unit building 😊

  • @antoniodiaz-qi4yu
    @antoniodiaz-qi4yu 3 ปีที่แล้ว +2

    Hey man ! I’m a 22 yr old entrepreneur around your area. I’ve been flipping houses with my mom for a long time but I would love to learn from you . Any way I could contact you for some advice !! Not a lot of big investors around my area to learn from

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว +1

      Yes!! send me a DM on instagram i would be happy to help

  • @kalimba04
    @kalimba04 2 ปีที่แล้ว +1

    Crisp, concise presentation. This is what I've been looking for!

  • @israelmorales8048
    @israelmorales8048 2 ปีที่แล้ว +1

    Nice video! Working as a real estate agent in my city is a big advantage to know the current needs the market has in matter of renting and to identify easier what kind of profile I'll aim depending the property I get, so that part is covered, I definitely want to get rental units, it's a goal I'll reach soon hope so, this kind of videos helps a lot

  • @randomgreatness2489
    @randomgreatness2489 ปีที่แล้ว

    With a totally different real estate market now how would you go about buying a small apartment or would you not buy at all?

  • @CodyMcGriff
    @CodyMcGriff 2 ปีที่แล้ว +1

    Only those who take risks are in line for the rewards. Great vid

  • @mokchar6224
    @mokchar6224 3 ปีที่แล้ว +2

    Eric man you inspired me, I been watching most of your videos, and no doubts you know what you doing, This is my goal to own multiple apartment buildings, there is a lot of opportunities and. deals near where I live now, I just need to work in my down payment. And I’m going to be making my first move,
    Thank you for the inspiration man.

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว +1

      I am excited you are going after your first deal if you need any help let us know

  • @anthonyholly8716
    @anthonyholly8716 2 ปีที่แล้ว

    Like what your doing coming soon 1 day

  • @sharodedwards
    @sharodedwards ปีที่แล้ว

    who do you use for financing your building

  • @40EntrepreneurDrive
    @40EntrepreneurDrive 2 ปีที่แล้ว

    I came across an apartment complex through an online site that is completely vacant. I believe it's a C/B area, and just from the online pics it looks very decent. But is a 0% occupancy rate a red flag?

  • @PushingPascallRentals
    @PushingPascallRentals 3 ปีที่แล้ว +1

    Very good information

  • @chamodperera4125
    @chamodperera4125 2 ปีที่แล้ว

    great video. thanks

  • @kwamewiafe_akenten5534
    @kwamewiafe_akenten5534 ปีที่แล้ว

    I thank you and again I am a beginner

  • @SavedPulley
    @SavedPulley 2 ปีที่แล้ว

    God bless u my brother and sister. Not familiar with you all yet but I know this is definitely the direction we are to head in. Thank u so much for the wealth of info! Hopefully u all have a lot of step by step videos that we can study. God bless u in Jesus's name. Liked and Sub

  • @AnubisRoca
    @AnubisRoca 2 ปีที่แล้ว

    I'm heading that way, business wise. I own an LLC already, housekeeping business. Most of my income comes from cleaning apt complexes. I really, really want to get into this business. I need a mentor ...

  • @shelleyzaragoza2195
    @shelleyzaragoza2195 2 ปีที่แล้ว

    My building sold 7 years ago ended up with a bad property manager that handles over 190 complexes. Primer Properties in Edina MN. The views of the properties from so many complexes is a red flag.

  • @fritzahern1380
    @fritzahern1380 3 ปีที่แล้ว +1

    Thank you for these videos it would be awesome to have a chat with you when ever you have the time, I’m currently starting to look for complex’s and want to learn as much as I can. Let me know what the process is for setting up one of those coaching calls. Thanks again

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว

      Hey Fritz! Thanks for reaching out. Yes, we do offer coaching. If you head over to our website (link in the description of this video) we can get you set up. Looking forward to hearing from you

  • @sunshinemodels1
    @sunshinemodels1 2 ปีที่แล้ว

    AWESUM VIDEEO.. so, lets say we find an off-market seller.. who "else" do we need to get the transaction done? I.e. a title company? (or is there more)

  • @justhector420
    @justhector420 2 ปีที่แล้ว +1

    Where do I find the $$$$?

  • @robtiffmiller613
    @robtiffmiller613 2 ปีที่แล้ว

    Hello ,
    My names is Tiffany Shivers. I want to open an nonprofit transitional housing for domestic violence . How do I go about buying a 5 or 8 unit building. I live in Georgia.

  • @bullbream46
    @bullbream46 ปีที่แล้ว

    Why did you stop posting?

  • @jamelsgoodfoodgang4566
    @jamelsgoodfoodgang4566 2 ปีที่แล้ว

    My wife and I are looking into buying an apartment complex out of state. Would love some first time buyer know how. Thank you

  • @jamelthompson7963
    @jamelthompson7963 3 ปีที่แล้ว

    I’m looking to purchase my first apartment building and I looking for some help. Thanks in advance

  • @keeperzero
    @keeperzero ปีที่แล้ว

    I only buy sction 8

  • @scorpionking3427
    @scorpionking3427 2 ปีที่แล้ว

    Hi Eric: first of all thank you for your informative video!!!! I want to get in this business but I have zero experience. Is it possible to talk to you on the phone or an email?

  • @renjithpillai3468
    @renjithpillai3468 3 ปีที่แล้ว

    Hello
    What will be a decent cap rate to look for ,
    strategy for buy and hold for a 25-30 unit apartment building

  • @ericshuttleworth8224
    @ericshuttleworth8224 3 ปีที่แล้ว

    Hey love the content! Big fan and actually considering dropping out of college working a stable job for two years to get around 60k in order to start up my real estate do you have a contact I can reach you at I have lots of questions. I will pay for mentorship

  • @chocolatepapi9401
    @chocolatepapi9401 3 หลายเดือนก่อน

    Great content

  • @AFLETCHERSTONE
    @AFLETCHERSTONE 2 ปีที่แล้ว

    Great video

  • @cowboyconscience2494
    @cowboyconscience2494 2 ปีที่แล้ว

    HELP

  • @seanchance2
    @seanchance2 2 ปีที่แล้ว

    Should I go to my bank 🏦 for commercial financing?

  • @xzavisjackson8400
    @xzavisjackson8400 2 ปีที่แล้ว

    Thank you for all that information. I'm looking to get started.

  • @Swag_wag86
    @Swag_wag86 3 ปีที่แล้ว

    Thank you for the insight, I would like to start into owning apartment buildings, but it's hard for me because of my occupation. Overall I would need a mentor to walk the process with me first

  • @chadupton5971
    @chadupton5971 2 ปีที่แล้ว

    im stuck on moving what would be my first step

  • @joelmasson6450
    @joelmasson6450 3 ปีที่แล้ว

    Do you have a spreadsheet for either apartments or duplexes to help determine if the property is worth buying or not? Thanks!

  • @stevenperez3500
    @stevenperez3500 3 ปีที่แล้ว

    Thank you so much! You seem really honest and generous and sharing good information; I will keep you in my radar.

  • @orion1599
    @orion1599 2 ปีที่แล้ว

    Do you guys maybe have a patreon or a discord that you guys can give advice on?

  • @johnnyfox7479
    @johnnyfox7479 3 ปีที่แล้ว

    Thank you so much i definitely needed to hear any expert advice and learned a thing or 2.

  • @nikkij8828
    @nikkij8828 3 ปีที่แล้ว

    Love this, thanks Eric & Niki! Anyone want to JV? I'm located in Atlanta but interested in any thriving market

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว

      I would be happy to JV on any deal reach out to me on instagram @flipthistogether

  • @Ronnye40
    @Ronnye40 3 ปีที่แล้ว

    Hey Eric, nice video and thanks for sharing. If you were to charge or negotiate a percentage fee from the total on gross rental income wouldn't a management company be motivated to collect as much income as possible vs a flat fee?

  • @laurawilson5722
    @laurawilson5722 2 ปีที่แล้ว

    Eric,
    Thank you the awesome content. What's your recommendation on securing an investing partner?

    • @EricNiki
      @EricNiki  2 ปีที่แล้ว

      offer them something that don't have or want to do bring value to the table and some hustle is value

  • @ryanhicks942
    @ryanhicks942 3 ปีที่แล้ว

    Just subscribed! Great video. You shared more in this video than I’ve gotten from Grant Cardone on this topic

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว

      thanks a lot man

  • @corvette198229
    @corvette198229 2 ปีที่แล้ว

    Very interested in learning more! What do I need to do?

  • @dabetaman1
    @dabetaman1 3 ปีที่แล้ว +6

    I'm very new. I would love to learn. I was thinking about start off with a 4 unit apartment complex because they are so easy to find where I am. You have any advise for me

    • @StrokaReviews
      @StrokaReviews 2 ปีที่แล้ว +1

      I was told by a realtor to get something bigger because of the loan most people will have plus other expenses.

    • @jamesshelton9814
      @jamesshelton9814 2 ปีที่แล้ว +1

      @@StrokaReviews curious. Why would one get a smaller unit then?

    • @lolsk9136
      @lolsk9136 2 ปีที่แล้ว +2

      I started with 3 small multi families to build rapport with my bank, a year later I got my first 8 unit at a great rate

    • @dabetaman1
      @dabetaman1 2 ปีที่แล้ว

      @@lolsk9136 that's what I was thinking. Once I get a few under my belt and learn. I can move to bigger deals

  • @estebandelgado879
    @estebandelgado879 3 ปีที่แล้ว

    Love this video! You got ur self a sub here boss!

  • @patrickflanagan3194
    @patrickflanagan3194 3 ปีที่แล้ว

    Your videos are awesome! I just own a 4 plex in Oregon, but I’m looking at buying in the 5+ range on my next few deals! I just don’t know where to start looking

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว

      Glad you enjoy the videos Patrick! We'll keep them coming. Let us know if you need any help

  • @danielwalker13
    @danielwalker13 2 ปีที่แล้ว

    Love the content! Do you do your own B Roll?

  • @bradt6811
    @bradt6811 3 ปีที่แล้ว

    appreciate your insight on this and sharing your experience...quite helpful. keep it up.

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว

      Of course Brad. Thanks for commenting.

  • @lisandrorodriguez7773
    @lisandrorodriguez7773 3 ปีที่แล้ว

    How can I start

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว

      best way to start is to get educated learn as much as you can then find a mentor to do a deal with an go haha

  • @cleareco5756
    @cleareco5756 2 ปีที่แล้ว

    What do you need to qualify for a commercial loan for apartment building of 10.
    Also are there any advantages or disadvantages on a single building with 10 doors vs multiple buildings but with the same amount of doors total(10)?

    • @EricNiki
      @EricNiki  2 ปีที่แล้ว

      commercial loans are about net worth and liquidity and theirs is not a disadvantage to a single building Vs. not

  • @Walina1001
    @Walina1001 3 ปีที่แล้ว +1

    If you are not in a 1% P2R ratio market then the 1% rule means nothing.

  • @Walina1001
    @Walina1001 3 ปีที่แล้ว +1

    Eric, glad to see you corrected your graphic on cap rates but you still are saying NOI time cap rate equals purchase price.

    • @EricNiki
      @EricNiki  3 ปีที่แล้ว

      yep that's why i corrected it