Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits

Content: A different approach that creates huge real estate profits --
Why invest in apartments? : Apartments set you free 
 Let\'s explode the no-money-down myth 
 More myths about apartment investing 
 This is not a myth, this is reality: they\'ll laugh first, and you\'ll laugh last 
 Opportunity is everywhere 
 A brief overview of the different kinds of multi-family housing 
 Burned-out landlords are great sources for deals --
An overview of how to get your first deal : The 14 steps to acquiring a property : 1. Decide what size buildings you\'ll start investing in 
 2. Decide where you want to invest 
 3. Determine what types of multi-family properties you\'ll buy 
 4. Put your team in place 
 5. Market to get your deal 
 6. Analyze the deal 
 7. Create the offer or letter of intent 
 8. Negotiate the deal 
 9. Create and sign the purchase and sale agreement 
 10. Do your due diligence 
 11. Renegotiate the deal 
 12. Start your financing 
 13. Choose a management company 
 14. Close the deal 
 Option 1: Buy and flip 
 Option 2: Buy and hold 
 Option 3: Buy, reposition and sell --
Where to find enormous profits from repositioning : It\'s all about raising the NOI 
 Problems to look for 
 Making a change 
 Then there\'s the perception 
 Send the message that change is happening 
 The property cycle 
 A common repositioning mistake 
 The two main reasons why repositions fail 
 The city cycle 
 revitalization zones --
How to attract deals to you with a minimum of time and money : Principle #1: Make it easy to do business with you 
 Principle #2: Do what you say you will do 
 Principle #3: Don\'t be a pain In the Butt 
 Inexpensive deal-attraction techniques 
 Go directly to the owners 
 Other techniques that cost little but bring big results 
 Go after the don\'t wanters 
 Cruising for dollars 
 Another way to cruise 
 Oh so many ways to get deals 
 Don\'t make these three mistakes --
Separating the gold mines from the land mines : The power of negative thinking 
 Profiting from value plays 
 How to find, and profit from, burned-out landlords 
 Profiting from management nightmares 
 Properties that need repair: Where the gold is 
 Avoid certain repairs 
 Solving high-vacancy problems: once and for all 
 How I filled 400 units 
 How to raise rents at takeover and not lose your tenants 
 How to raise rents steadily while keeping your tenants 
 When it makes sense to clean house --
How to analyze a property using the fewest numbers for the most profit : Back to the cap rate 
 Analyzing Your first deal 
 How do we know it really is a deal? 
 Current management: when to hold \'em and when to fold \'em 
 What matters the very most to tenants 
 Is someone putting lipstick on a pig? 
 Let\'s look inside 
 Market area inspection 
 The sidewalk tells the story 
 But what if my numbers are off? 
 Don\'t get depressed on me! --
Where to get the money for all your deals : Why banks like apartments 
 Three flavors of lenders 
 Conduits 
 When to use a mortgage broker 
 Putting your package together 
 How to get partners to fund your deals 
 The big, profitable world of private money 
 Debt versus equity deals. Twelve negotiating secrets of the pros : 1. Be prepared 
 2. Understand the other party\'s needs 
 3. Set your goals and rank them In order of priority 
 4. Decide what your strike price is and don\'t exceed it 
 5. Anticipate the next move and don\'t avoid haggling 
 6. Remain calm and unemotional 
 7. Build rapport and trust 
 8. Create a win/win environment 
 9. Remain flexible and open to options 
 10. When the seller speaks, listen closely and delay your response 
 11. Demonstrate empathy 
 12. Silence is golden --
The 80/20 rule of rehabbing : Exterior improvements 
 Interior improvements 
 How to get the most from insurance claims 
 dealing with contractors --
How to avoid being a landlord: Secrets to hiring great property managers : How to find the best managers 
 What you should expect to pay 
 Repositioning managers: a special breed 
 How to get contractors to beg you for business 
 Managing the manager: reports you should get regularly 
 You\'re an asset manager --
Reselling for huge profits : Return on equity 
 Is your property stabilized? 
 Get your financial house In order 
 Get your physical house in order 
 Time to tell the world 
 Your obligations as a seller --
The 10 biggest mistakes repositioners make, and how to avoid them : Mistake #1: Running out of money during a repositioning 
 Mistake #2: Leasing up too soon 
 Mistake #3: Not using licensed contractors 
 Mistake #4: Not getting three bids 
 Mistake #5: Assuming the lowest bid is the best bid 
 Mistake #6: Not going after private money sooner 
 Mistake #7: Not marketing consistently 
 Mistake #8: Discriminating 
 Mistake #9: Not having signing authority on bank accounts 
 Mistake #10: Buying a property with environmental issues 
 Mistake #11: Inspecting the property yourself 
 Mistake #12: Managing the property yourself 
 Mistake #13: Using fill-in-the-blank legal forms 
 Mistake #14: Dealing with tenants 
 Mistake #15: Thinking you know it all --
Creating your success team : Real estate brokers 
 The property manager 
 Attorneys 
 Property inspector 
 Appraisers 
 Lender 
 Contractors 
 Insurance agent 
 Demographer 
 1031 specialists 
 Accountant --
Next steps on your road to wealth : How impatient are you? 
 The absolute shortest shortcut to real estate wealth 
 Free bonus materials for you.