370: How To Buy Giant Apartment Buildings
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 8 November 2021
⏱️ 44 minutes
🧾️ Download transcript
Summary
Buying a huge $5M apartment building is daunting to most people.
We discuss how you get the money and experience for this.
Investor vocabulary explained: Capital stack, General Partner, Limited Partner, Non-recourse loan, Acquisition fee.
Owning a duplex is different from owning a 200-unit building. With the latter, you’ll have private investors, an on-site manager, and perhaps Yelp reviews to manage. Advertising is different.
Our guest, Michael Blank, emphasizes the importance of doing your first deal - big or small. Do it. That’s when the real learning begins.
Michael excels in teaching you how to find other investors to fund your big apartment deal. To start, merely educate others. Don’t ask for money.
Get started in learning more with Michael at: GetRichEducation.com/Apartments
Resources mentioned:
Get started with Michael:
www.getricheducation.com/apartments
Show Notes:
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Wynold. How do you buy a giant apartment building of, say, $5 million or more? That is daunting to most people. Where would you get the money for that? How do you get the experience? And what are the benefits of buying a giant apartment building at all? And more today on get rich education. |
| 0:23.1 | The annual Spartan Summit is on. |
| 0:26.2 | I was the kickoff speaker at the last event. |
| 0:28.3 | This year they are back in person and the keynote speaker is none other than Shark Tank's |
| 0:33.0 | Damon John. |
| 0:33.8 | Learn from industry experts on real estate, tax strategy, lending, and entrepreneurship. |
| 0:39.1 | You'll also get to tour tangible turnkey income property in growing Alabama markets. |
| 0:44.4 | It's coming February 16th to 18th in Birmingham, Alabama. Get your ticket or learn more at |
| 0:50.4 | Spartaninvest.com today. |
| 0:53.7 | You can get a 50-year-old house somewhere or buy a new one directly from the builder |
| 0:58.4 | with tenant resilient amenities already built in. |
| 1:02.1 | With over 3,000 Florida units at different construction stages, they are exclusively for |
| 1:07.5 | investors. |
| 1:08.4 | President Wagner and Alaska and team also invest strongly in their own |
| 1:12.1 | product. That's belief. Start at build to rent direct.com. That's build the number two, |
| 1:18.6 | rent direct.com, or text 407-927-5074. You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:34.3 | This is Get Rich Education. |
| 1:38.8 | You're going to. Hey, welcome to GRE. I am your affable host, and my name is Keith Weinhold. You probably know that by now. |
| 1:58.1 | You're listening to one of the longest running and most listened to shows |
| 2:01.4 | on real estate investing. That is our major, so to speak, with minors in the economics of real |
| 2:09.0 | estate and that all-important wealth mindset. Heard in 188 world nations, we are all about |
| 2:16.0 | expanding your means rather than living below your means. |
... |
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