"Personal Finance 28 - The Transfer of Leverage" Top Secret Meeting 05/23/2022

Daily Meeting - Personal Finance 28: The Transfer of LeverageAntonio’s goal is to acquire 3 single-family homes and 1-3 apartment complexesFor one of the apartment complexes Antonio is acquiring, the rent is $500-$570 ($300 less than fair market rent)They’re asking for $1.2 million, but are only bringing in $147,000/yearAntonio’s Guide to Multi-FamilyInvestors take advantage of the marketInvestors don’t make it emotionalWhen the market gets saturated, that means something has changedThe single-family home is saturated, which means the rental market is boomingThe goal is not to buy; the goal is to buy intelligentlyAs an investor, you need to do the opposite of what the masses are doingWhen someone gives you their check, it pays your expenses and should pay your debt services.Numbers for the Multi-Family Fair market rent for apartment complex$950 — 2B 1B (14)$850 — 1B 1B (8)$1,200 — 3B 2B (1)Get $255,600/yearWhen Antonio offers $325,000, he can get it back in 1 1/2 yearsIf you have hard income0-producing assets that can pay for that loan while you’re transferring renters, you can play any gameClosing ThoughtsTo find out if the customers following you mean no good, raise your pricesIf you raise your prices and no one complains, your prices are too lowWhen 10% of your audience start being grumpy, you’ve got a good priceAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy