Daily Meeting - Personal Finance 23: Apartment Complexes and Money Mindset
- Began with a disclaimer
- This Business Plan contains privileged and confidential information and unauthorized use of this information in any manner is strictly prohibited. If you are not the intended recipient, please notify the sender immediately. This Business Plan is for informational purposes and not intended to be a general solicitation or securities offering of any kind. The information contained herein is from sources believed to be reliable, however no representation by Sponsor(s), either expressed or implied, is made as to the accuracy of any information on this property and all investors should conduct their own research to determine the accuracy of any statements made. An investment in this offering will be a speculative investment and subject to significant risks and therefore investors are encouraged to consult with their personal legal and tax advisors. Neither the Sponsor(s), nor their representatives, officers, employees, affiliates, sub-contractor or vendors provide tax, legal or investment advice. Nothing in this document is intended to be or should be construed as such advice. The SEC has not passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials. However, prior to making any decision to contribute capital, all investors must review and execute the Private Placement Memorandum and related offering document.
- Don’t think of 6 figures; think 7 figures
- Don’t think of being comfortable; think of being comfortable in massive overflow
- You can do all of the due diligence, not have any money, and get in an apartment investing deal
Announcements
- Men’s Encounter — $99
- 9/3/22
- For men only
- In a waning moon
- Women’s Encounter — $99
- 9/10/22
- For women only
- On the day of a harvest full moon
- Ascension Conferences
- 3 big conferences
- 6/10/22
- 9/9/22
- 12/16/22
- WanderCon
- 5-day conference
- Dec. 12-16, 2022
- $4,997
- $97 for anyone who talks to Grace or Freda
- All esoteric
- All personal development
- All self-help
- Day 1: Evaluation Day
- Day 2: Discover Day
- Day 3: Relationship Day
- Day 4: Transformation Day
- Day 5: Ascension Day
How to Do Due Diligence on An Apartment Complex
Buying an Apartment Building - Multi Family Real Estate Due Diligence Process Explained
https://www.youtube.com/watch?v=ashbu77_43k
- What are the key metrics you look for when buying a property?
- Where it’s located
- A major metropolitan area
- 40-unit building
- $130,000 per unit
- You get paid because the doors are flowing money
- You want to cash flow to get the money from each door
- Make sure your complex is 100% occupied
- 5 people you need to analyze a property:
- A. Plumbers
- B. Mechanical contractor
- C. Roofers
- D. Appraiser
- E. Professional engineer
- Antonio’s real estate deal is in the Dallas Galleria area
- 145 units
- Investment was done in 506 (c) for accredited investors (people that make a certain amount of money and have a certain level of education)
- Minimum investment was $50,000
Investment Highlights
• Post renovation upside of $194 per unit
• Amazing location surrounded by 3 Fortune 10 companies, 22 Fortune 500 companies,
and 45 Fortune 1000 companies, and many more companies migrating to DFW
• Rare chance to buy 34 additional condos to add to our 111 unit purchase, to qualify the
next buyer for agency lending and lower rates, as we achieve 80% ownership
• Tremendous unit mix of 12% one bedrooms, 64% two bedrooms, 12% two bedroom
townhomes, and 12% 3 bedrooms
• Strong sponsor team with track record of 15 Texas properties
- If the numbers work, you’re getting that deal
- If you have terrible credit, all you need are the numbers and collateral for the deal to work
- 80% funded, 20% down if it’s a deal that’s asking for collateral
- Let your cash flow pile up so it can go towards your next apartment complex; that way, you’re not using your money
- When you’re interested in investing in an apartment complex, you need to have a letter of intent, and the letter must be accepted
- You should have 4 lawyers:
- Criminal lawyer
- Real estate lawyer
- Business lawyer
- Tax lawyer
Real Estate Letter of Intent
https://s3.us-central-1.wasabisys.com/40webinars/RealEstateLetterofIntent.pages
Grant Cardone Real Estate Episodes
https://www.youtube.com/watch?v=urWPYZ-lTPQ&list=PLnZ0O70oWnJZYgwZCPRG_bc6wEiIfnK5p
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