3 Things You Need To Invest In Apartments

There is no better time in history to invest in apartments. It is an investment with a measure of control, and it can create both monthly cash flow and build equity at the same time. There is no quicker way to protect and grow your wealth.

You will need an effective property manager keeping tabs on your building daily. If you manage your manager diligently, you will create financial freedom for yourself and your family. Using professional property management frees up your time to look for deals.

The beauty of buying an apartment building is that apartment investing is based in concrete market fundamentals. Don’t get me wrong, I don’t hate Wall St., diversification is important in any portfolio. If you buy your deal right, you can weather virtually any storm.

Apartment Market Makeup: Between baby boomers not wanting to deal with the upkeep on a home and millennials choosing to stay mobile and not be tied down to a mortgage, the next 5 years (at least) are bright for apartment market demographics.

A word of caution: the upside of apartments is clear, the ability to scale your multifamily real estate business quickly, and the power of the demographics driving renter demand. However, the mistakes can be bigger and more costly. It is crucial that your surround yourself with the right team.

3 things you’ll need:

Money: Apartment investing is not a no-money down real estate strategy. Plan on the down payment being about 20 – 30% of the purchase price for a good rule of thumb. If you are interested in apartment investing but have a limited amount of time, look for a partner that can scrub the deals down so that you maximize your minutes.

Experience: You need to make sure that the team that you surround yourself with can fill in the gaps of your own knowledge. When presenting your deal to a potential lender, make sure to emphasize any real estate experience you’ve had. No real estate experience? Have you managed a project/account/team? Tell your story of your expertise. Do you have an experienced local property manager engaged? Lenders will always feel more comfortable with an established property manager engaged prior to purchase.

Time: Here’s where the hustle pays off. Many investors have the liquidity to bring to the table but no opportunity to find the deals with value. This where the individual with the entrepreneur mindset can create a business. If you can become the expert that can bring the deals to the money, you can scale your real estate investment business quickly. Time is the one asset you can’t create more of. Use this to your advantage and come the deal gatekeeper.

Whether you have all three of these or none of them, keep in mind the golden rule of apartments: what you don’t have, you can partner for.

The beauty of the apartment market is that the fundamentals are solid and based in demographics that continue to grow. If you have one of the fundamental building blocks of investing in apartments, don’t overlook the power of PARTNERING. Don’t let ONE missing piece cause you to miss out on this opportunity.

How we help investors: Elite Apartment Coaching helps beginner, intermediate and sophisticated real estate investors actively acquire apartment buildings, creating income-producing properties.

We host exclusive training events for private real estate investors to get them to the next level in their investing business. Whether you are just beginning, have done some deals, or are a sophisticated investor, we are here to drive results so you can play an even bigger game.

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