By LanceEdwards on April 2, 2009
You’ve probably heard that if you fail to plan then you plan to fail. That’s good advice. Planning is the key to success in any business and it’s no different in the multifamily investing business. I’m going to show you how to create a super-simple business plan based on my own business plan. Now, I [...]
Posted in Entrepreneurship
By LanceEdwards on April 2, 2009
If you say the word “investing” these days, people tend to shudder and run in the other direction. Investing has become almost a curse word because we’ve all seen our stock portfolios evaporate. What people don’t realize is that stock investing is a self-fulfilling prophecy and the only way many people will survive is by [...]
Posted in Business
By LanceEdwards on March 20, 2009
The economic uncertainty that we are faced with right now has created huge opportunities for real estate entrepreneurs. Real estate entrepreneurs need to have the mindset to identify and see those opportunities. The economic crisis has created a Perfect Storm of opportunity for those involved in real estate investing. Apartment rental demand is increasing. Fewer [...]
Posted in Real Estate
By LanceEdwards on March 20, 2009
The downturn in the economy has resulted in an increased demand for multifamily housing. Specifically, there is an increase in demand for Class C properties. You, as a real estate entrepreneur, can take advantage of this tremendous opportunity. Apartments are income-producing properties. Income-producing properties are valued based on the income or the Net Operating Income [...]
Posted in Entrepreneurship
By LanceEdwards on March 20, 2009
Everyone needs to have goals. When it comes down to your goals, not only is it important to write them down, but you need to be able to visualize them as well. A vision board can assist you in keeping your goals in front of you. Once you set your goals for the year, you [...]
Posted in Work Life Balance
By LanceEdwards on March 19, 2009
Tenants are the lifeblood of your properties. Marketing for tenants falls under your property manager’s job description but you need to be aware of the different ways to market. Your knowledge of marketing for tenants will enable you to direct your property managers to see how good a job they do in thinking of creative [...]
Posted in Investing
By LanceEdwards on March 19, 2009
There is a prevalent misconception out there that in order to deal with multifamily properties, you must own the properties. Nothing could be further from the truth. In actuality, control can be more important than ownership. There are a couple of areas that you can control when dealing with multifamily properties. First, you can control [...]
Posted in Entrepreneurship
By LanceEdwards on March 18, 2009
Our economy is hurting right now. Everyday we are bombarded by more depressing news of big corporations laying off more workers and by news of more entities asking for a government bailout. So where do people make money in a recession? Class C multifamily properties are hot right now and here is why. The upscale [...]
Posted in Entrepreneurship
By LanceEdwards on March 17, 2009
The very simple law of manifestation summarizes how we manifest everything in our life. It is not how we are taught in school. The law of manifestation can be summed up in the acronym TFARB. TFARB stands for Thoughts, Feelings, Actions, Results and Beliefs. Our thoughts are the key to everything we do. These thoughts [...]
Posted in Business
By LanceEdwards on March 17, 2009
Perhaps you are hesitant to get involved in Multifamily Property deals because you think that you have to own the property. You do not have to own the property. The important thing to keep in mind is to have control and access of the property. Let’s take a look at an example of how this [...]
Posted in Investing
