What I love about buy and hold real estate investing is that it encompasses so many different aspects. If you’re interested in earning a passive income, there’s a category of buy and hold real estate for you! Although I specialize in single-family homes, today’s guest is an expert in purchasing multi-family investments.
Michael Blank is an entrepreneur, real estate investor and coach who is passionate about helping investors purchase their first property in order to build passive income and long-lasting wealth. On this episode of Investing in Real Estate, Michael is sharing his advice and insight on multi-family investing. We’ll discuss the major misconceptions that hold back investors, how to raise money, and the best way to get started purchasing a property!
More About This Show
After Michael Blank read Rich Dad Poor Dad, he knew he needed to implement a monumental change. He realized the capability to make a passive income through real estate, so he took up flipping. However, he quickly realized this was the wrong strategy—there’s nothing passive about flipping houses!
Once he saw the light that is buy and hold investing, he started doing some calculations. He realized that making the amount of money he was striving for would require accumulating a lot of single-family houses. He then came to the conclusion that investing in apartments was more suited to his personality type and his goals.
But like most people, Michael didn’t have the kind of money to simply go out and purchase an apartment complex! He felt obligated to raise money, which motivated him. Although he didn’t know much about raising capital for real estate, he was able to make it happen. Michael believes that in order to succeed, we must leave behind limiting beliefs about money.
He found that his ability to expand his portfolio was not limited by the number in his bank account, but instead his ability to raise money. He describes that doing so is all about visualizing the process, and having confidence.
Today on the podcast, Michael is elaborating on all things multi-family investing! We’ll discuss due diligence, the importance of real estate lingo, and having clarity in your goal setting. Michael is also sharing with us his free eBook, The Secret to Raising Money to Buy Your First Apartment Building. Don’t miss this episode of Investing in Real Estate!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- What are the two biggest misconceptions most people have about multi-family investing?
- What is a sample deal practice, and what are its benefits?
- What is the best way to find multi-family properties?
- How to avoid sounding like a newbie in real estate investing.
- And much more about buy and hold real estate!
The Secret to Raising Money to Buy Your First Apartment Building by Michael Blank
Rich Dad Poor Dad by Robert T. Kiyosaki
The One Thing by Gary Keller
Find Your Financial Freedom Number
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