How to Buy Your First Apartment Complex
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- čas přidán 24. 06. 2024
- Eric breaks down some proven methods that have helped us break into the apartment complex/multifamily space, and gives practical advice so that YOU can do the same. Should you buy a big complex, or small? How do you find these deals? Learn all of this and more.
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thehensleygrouptn.com/contact/
Videos Referenced
Our Apartment Complex Deal Review - • How We Bought a $1.2 M...
How to Find Deals - • How To Find Your First...
Invest With No Money - • Invest in Real Estate ...
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TikTok - www.tiktok.com/@flipthis.toge...
Questions? Let us know in the comments down below! We are a husband and wife duo with bountiful experience in the real estate industry. We're well versed in investing, rehabs/flips, new construction, and much more. We currently reside in the Nashville, TN area, but invest in properties and land nationwide
Your videos have helped me reach over $180,000 in trading by age 23! Thanks Eric and Niki. Keep the videos coming. 👍🏽
Congrats ! I started right before covid when the recession hit. i made a lot during covid from my passive income .
I'm convinced that the big investors and analysts are trying to scare us to keep us poor and ignorant to the market.. because its steady doing good after all the jobless and market crash talks
Congrats and wishing you the best .
@kim sun When I was 20 ,but you need a finance Pro if you don’t want to loose and if you want to be more successful.
@kim sun Follow⬇⬇
Love it…at the gym running and getting motivated…10 minutes of life changing tips.
I have duplexes and a 6-plex but I know this subscription will do me wonders
Thank you for the kind words
Thank you so much! You seem really honest and generous and sharing good information; I will keep you in my radar.
Crisp, concise presentation. This is what I've been looking for!
I really appreciate these videos and insight. This is one of my goals, to own property and apartments and multi-family units. Thansk for the knowledge and inspiration!
Anytime! So glad to hear that this helped Samuel, and thank you for leaving a comment
Thank you so much i definitely needed to hear any expert advice and learned a thing or 2.
Thank you for all that information. I'm looking to get started.
Just found your channel yesterday. You are a super clear communicator. Much appreciated as my wife and I get closer and closer to pulling the trigger on real estate investment!
Hey James im in real-estate myself and i currently have a apartment complex for sell with a 8% CAP RATE! let me know if you guys are interested
Eric man you inspired me, I been watching most of your videos, and no doubts you know what you doing, This is my goal to own multiple apartment buildings, there is a lot of opportunities and. deals near where I live now, I just need to work in my down payment. And I’m going to be making my first move,
Thank you for the inspiration man.
I am excited you are going after your first deal if you need any help let us know
appreciate your insight on this and sharing your experience...quite helpful. keep it up.
Of course Brad. Thanks for commenting.
Love this video! You got ur self a sub here boss!
I’m just getting started. Subscribed to your channel to see the rest of your videos and would definitely appreciate any more info you would be willing to share. Thanks!!!
Nice video! Working as a real estate agent in my city is a big advantage to know the current needs the market has in matter of renting and to identify easier what kind of profile I'll aim depending the property I get, so that part is covered, I definitely want to get rental units, it's a goal I'll reach soon hope so, this kind of videos helps a lot
great video. thanks
Very good information
Love the content! Do you do your own B Roll?
Glad I found your channel I’m looking at buying a 3unit building 😊
Your videos are awesome! I just own a 4 plex in Oregon, but I’m looking at buying in the 5+ range on my next few deals! I just don’t know where to start looking
Glad you enjoy the videos Patrick! We'll keep them coming. Let us know if you need any help
Great video
Great content
Just subscribed! Great video. You shared more in this video than I’ve gotten from Grant Cardone on this topic
thanks a lot man
Thank you for these videos it would be awesome to have a chat with you when ever you have the time, I’m currently starting to look for complex’s and want to learn as much as I can. Let me know what the process is for setting up one of those coaching calls. Thanks again
Hey Fritz! Thanks for reaching out. Yes, we do offer coaching. If you head over to our website (link in the description of this video) we can get you set up. Looking forward to hearing from you
I thank you and again I am a beginner
Only those who take risks are in line for the rewards. Great vid
Thank you for the insight, I would like to start into owning apartment buildings, but it's hard for me because of my occupation. Overall I would need a mentor to walk the process with me first
Hey Eric, nice video and thanks for sharing. If you were to charge or negotiate a percentage fee from the total on gross rental income wouldn't a management company be motivated to collect as much income as possible vs a flat fee?
Very interested in learning more! What do I need to do?
Do you have a spreadsheet for either apartments or duplexes to help determine if the property is worth buying or not? Thanks!
Well I’m completely new and I don’t know how to buy but I have been a property/project manager for several years. I would definitely love some help! I’ve asked but either I sound like a newbie or idk 🤷🏽♀️
Hello
What will be a decent cap rate to look for ,
strategy for buy and hold for a 25-30 unit apartment building
My wife and I are looking into buying an apartment complex out of state. Would love some first time buyer know how. Thank you
Eric,
Thank you the awesome content. What's your recommendation on securing an investing partner?
offer them something that don't have or want to do bring value to the table and some hustle is value
AWESUM VIDEEO.. so, lets say we find an off-market seller.. who "else" do we need to get the transaction done? I.e. a title company? (or is there more)
who do you use for financing your building
I'm heading that way, business wise. I own an LLC already, housekeeping business. Most of my income comes from cleaning apt complexes. I really, really want to get into this business. I need a mentor ...
This is my goal also. Learning this and utilizing my PM skills. I have friends that are willing to invest and grow with me
Hi, I was wondering do you suggest starting off with a multifamily before moving on to a apartment complex?
God bless u my brother and sister. Not familiar with you all yet but I know this is definitely the direction we are to head in. Thank u so much for the wealth of info! Hopefully u all have a lot of step by step videos that we can study. God bless u in Jesus's name. Liked and Sub
I’m looking to purchase my first apartment building and I looking for some help. Thanks in advance
I’ve been going back and forth in my mind whether to invest in a Multifamily investment workshop. Basically everything you shared is the information they are going to share. Do you think an investment in this education would be beneficial for a newbie to the industry?
My building sold 7 years ago ended up with a bad property manager that handles over 190 complexes. Primer Properties in Edina MN. The views of the properties from so many complexes is a red flag.
Do you guys maybe have a patreon or a discord that you guys can give advice on?
With a totally different real estate market now how would you go about buying a small apartment or would you not buy at all?
Hey love the content! Big fan and actually considering dropping out of college working a stable job for two years to get around 60k in order to start up my real estate do you have a contact I can reach you at I have lots of questions. I will pay for mentorship
Looking to do this in the future. How do you find investors to partner with?
Real estate meetups. Virtual and/or local
Where do I get that
Huntsville, AL? Can you provide the property management company?
I came across an apartment complex through an online site that is completely vacant. I believe it's a C/B area, and just from the online pics it looks very decent. But is a 0% occupancy rate a red flag?
im stuck on moving what would be my first step
Love this, thanks Eric & Niki! Anyone want to JV? I'm located in Atlanta but interested in any thriving market
I would be happy to JV on any deal reach out to me on instagram @flipthistogether
Hi. I see good deals with great cashflow but I don't have that much money for 30% down payment. Also don't have experience in RE. What's the way for beginners like me?
Interested in getting into ownership side. Would love to chat more and possibly team up with you
Hey man ! I’m a 22 yr old entrepreneur around your area. I’ve been flipping houses with my mom for a long time but I would love to learn from you . Any way I could contact you for some advice !! Not a lot of big investors around my area to learn from
Yes!! send me a DM on instagram i would be happy to help
Hi I’m newer investor been investing in Realestate part time for about 6 years and have a portfolio of 5 houses and 1 commercial automotive property with 12 units total Have a decent 18unit I’m looking at off market and need a private money lender to help with down payment and rehab. Any recommendations would be much appreciated.
Where do I find the $$$$?
Should I go to my bank 🏦 for commercial financing?
Hi Eric: first of all thank you for your informative video!!!! I want to get in this business but I have zero experience. Is it possible to talk to you on the phone or an email?
I'm very new. I would love to learn. I was thinking about start off with a 4 unit apartment complex because they are so easy to find where I am. You have any advise for me
I was told by a realtor to get something bigger because of the loan most people will have plus other expenses.
@@StrokaReviews curious. Why would one get a smaller unit then?
I started with 3 small multi families to build rapport with my bank, a year later I got my first 8 unit at a great rate
@@lolsk9136 that's what I was thinking. Once I get a few under my belt and learn. I can move to bigger deals
Can I please team up with you California has great places and I would love to learn and invest my money on it I have. Thought of this I live next to the university
Just started my llc any investor I the Atlanta area looking to get my first apt 10 to 15 unit
Best of luck! Let us know if you have any questions
I got biweekly stubs from Cyber Credible showing I make 3x the rent
I only buy sction 8
How can I start
best way to start is to get educated learn as much as you can then find a mentor to do a deal with an go haha
Hello ,
My names is Tiffany Shivers. I want to open an nonprofit transitional housing for domestic violence . How do I go about buying a 5 or 8 unit building. I live in Georgia.
Why did you stop posting?
What do you need to qualify for a commercial loan for apartment building of 10.
Also are there any advantages or disadvantages on a single building with 10 doors vs multiple buildings but with the same amount of doors total(10)?
commercial loans are about net worth and liquidity and theirs is not a disadvantage to a single building Vs. not
HELP
Like what your doing coming soon 1 day
Eric, glad to see you corrected your graphic on cap rates but you still are saying NOI time cap rate equals purchase price.
yep that's why i corrected it
If you are not in a 1% P2R ratio market then the 1% rule means nothing.
I got biweekly stubs from Cyber Credible showing I make 3x the rent