I wanted to buy an apartment, but it was too big and I didn't have the money, knowledge, or experience. After years of worry, I realized that single-family homes were not progressing fast enough to reach this enduring goal of financial freedom. I decided to take a step back and reevaluate my plan. In doing so, I came to the conclusion that the only way to reach my goal was to build an apartment. I didn't know what to do, but I had to find a way.
Please enter Michael Plank. I found him on the Bigger Pockets forum and started consuming his articles and podcasts. I wish I had known this information many years ago! Since then, I have become one of his students and have purchased some of his courses. The information is great, close, and detailed.
When I found Michael authoring this book, I was excited to read it, and it didn't disappoint. It covers many important aspects of investing in residential buildings. Most of us probably feel that we are hindering our success, or trying to invest in this real estate category.
He begins with his personal story (I am happy to hear that others have faced adversity and are still successful). Then it covers what you need to do on your first deal, and how to raise the money you need by developing an investor network (single-family and multi-family (5+ units). One of the main differences is that it's much easier to get invested capital in an apartment building). The best way to find a bargain, how to analyze it, and how to overcome your own limited personal beliefs is what he calls a vision map. Next, it shows how you take your vision and use it to create "micro-steps" to achieve them each day so you can reach your larger goals. Over the course of 6-12 months, most people feel disoriented and freeze up. His operation helps to overcome this. Next, the final section details transaction negotiations, due diligence implementation, escrow closing, and asset management. There are a lot of components that cannot be written, but everything is well written and very informative.
You should read this if you are considering investing in real estate. I wish I had this book when I started in Home One many years ago. I've saved countless times, been more successful, and now I've achieved my goal.
Please enter Michael Plank. I found him on the Bigger Pockets forum and started consuming his articles and podcasts. I wish I had known this information many years ago! Since then, I have become one of his students and have purchased some of his courses. The information is great, close, and detailed.
When I found Michael authoring this book, I was excited to read it, and it didn't disappoint. It covers many important aspects of investing in residential buildings. Most of us probably feel that we are hindering our success, or trying to invest in this real estate category.
He begins with his personal story (I am happy to hear that others have faced adversity and are still successful). Then it covers what you need to do on your first deal, and how to raise the money you need by developing an investor network (single-family and multi-family (5+ units). One of the main differences is that it's much easier to get invested capital in an apartment building). The best way to find a bargain, how to analyze it, and how to overcome your own limited personal beliefs is what he calls a vision map. Next, it shows how you take your vision and use it to create "micro-steps" to achieve them each day so you can reach your larger goals. Over the course of 6-12 months, most people feel disoriented and freeze up. His operation helps to overcome this. Next, the final section details transaction negotiations, due diligence implementation, escrow closing, and asset management. There are a lot of components that cannot be written, but everything is well written and very informative.
You should read this if you are considering investing in real estate. I wish I had this book when I started in Home One many years ago. I've saved countless times, been more successful, and now I've achieved my goal.
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