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Archive of Michael Blank

Michael Blank’s passion is being an entrepreneur and helping others become (better) entrepreneurs. His focus is buying apartment buildings by raising money from private individuals. He’s been investing in residential and multifamily real estate since 2005. He is the creator of the Syndicated Deal Analyzer and the eBook "The Secret to Raising Money to Buy Your First Apartment Building".

Michael has written 41 articles for The BiggerPockets Blog.


General Real Estate

The Ultimate Analysis: Cash on Cash Return vs. Overall Return

by Michael Blank September 29, 2014
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There’s been quite a bit of interest and discussion in the BiggerPockets Forums about the differences between the cash on cash return and the overall return, which one is more important and what makes for a good return in the context of rental properties or apartment buildings. Let’s discuss each in turn. What’s the Difference […]

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General Real Estate

Change: Do You Run from It Or Learn from It?

by Michael Blank September 22, 2014
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Recently my family and I vacationed in Hilton Head Island and participated in a guided beach nature walk. Something our guide said stood out to me. He said, “This beach looks so much different than it did a month ago because of this storm we had. In fact, every time I come out here, something […]

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General Real Estate

Is Crowdfunding a Viable Financing Option for Commercial Investors?

by Michael Blank September 15, 2014
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I’ve been studying the emerging crowdfunding phenomenon and evaluating it as a potential source of funding for commercial real estate deals. I had a chance to interview Dan Miller, co-founder of Fundrise, one of the first crowdfunding companies out there. My conclusion is that crowdfunding is becoming a viable funding alternative for commercial real estate […]

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General Real Estate

A Step-by-Step Guide to Ace Your First Investor Meeting

by Michael Blank September 8, 2014
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In my BiggerPockets article “How to Find Investors To Fund Your Real Estate Deals,” I talked about how to find potential investors for your next apartment building deal. In this article I’ll give you a script for your first meeting with a potential investor. What do you want to accomplish with your first investor meeting? Ideally, […]

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General Real Estate

The One Question You Need To Answer FIRST In Order To Be Successful In Real Estate

by Michael Blank September 1, 2014
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People often ask me what they should do to get started. My response is that they need to answer one question first, and if they can’t answer that question sufficiently, there’s no point in getting started with anything else. The question that we all have to answer first is “why?”. Why do we want to […]

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Commercial Real Estate

Who in the World is Buying Class C Apartment Buildings at a 7% Cap Rate?

by Michael Blank August 25, 2014
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Finding good apartment building deals is tough right now – almost anywhere in the country. I was curious to find out what kind of investor is actually buying these over-priced deals and so I polled my network of commercial real estate brokers. When I say it’s tough to find good deals on apartment buildings, I’m […]

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General Real Estate

5 Tips to Use Visualization to Become a Successful Real Estate Investor

by Michael Blank August 18, 2014
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You can acquire all the knowledge in the world about real estate investing, but chances are, you still have trouble seeing yourself doing the kind of deals you want. This is because our minds tell us that this isn’t possible, that we’re not good enough, that we’re too young or too old, that we don’t […]

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Green Real Estate

The Power of Your Network in Real Estate

by Michael Blank August 11, 2014
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I was chatting with Chris Winterhalter (BP profile), a successful apartment building investor and active participant in the Bigger Pockets forums. He talked about some of the advances he made in his investing career, and many of them were tied to people he met. In fact, he met his current business partner at a real […]

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General Real Estate

The Biggest Mistake I Almost Made Buying an Apartment Building (And What You Can Learn From It)

by Michael Blank August 4, 2014
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In this article I want to share with you the biggest mistake I almost made when buying an apartment building. Had I made this mistake I most surely would have lost the building in foreclosure within several months. And despite all of my education, training, and reading, this is something none of the experts warned […]

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General Real Estate

3 Reason It’s Important to Be Enthusiastic About Your Next Deal

by Michael Blank July 28, 2014
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I continue to negotiate this 90 unit apartment deal in Richmond, VA. With every round, I drag my feet to get back to the broker, which is unlike me. I like to be as responsive as possible to keep the momentum going. But for some reason, not with this deal. I’ve started reflecting on why […]

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General Real Estate

5 Things To Do When Apartment Building Deals Are Hard To Find (Like Now!)

by Michael Blank July 21, 2014
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A lot of apartment building investors are having a tough time finding good deals. As syndicators, we have it even harder because we need to provide a good return for our investors and leave a slice of the pie left over for us. But what kind of returns are reasonable? I started a Bigger Pockets […]

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General Real Estate

The Power of Using Video For Negotating Apartment Deals

by Michael Blank July 14, 2014
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In last week’s article “Apartment Building Deal Negotiating Tip # 1: Agree on Methodology BEFORE Making an Offer” we talked about the importance of agreeing on HOW we’re going to come up with our offer price before we actually submit our offer. In today’s article, we’ll talk about a highly effective way for submitting your […]

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General Real Estate

Negotiating 101: The Importance of Agreeing on Methodology BEFORE Making an Offer

by Michael Blank July 7, 2014
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In this 3-part series, I want to share with you three top secret but highly effective tips for getting your apartment building offers accepted. Before we jump into the first tip, let’s first talk about why … Making and Negotiating Apartment building Offers is all about the Numbers Yes, you can use clever phrases and […]

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Financing Real Estate

How To Be Taken Seriously as an Up-and-Coming Real Estate Syndicator

by Michael Blank June 30, 2014
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We syndicators have it rough: we try to buy apartment buildings without having the cash or credit ourselves to do so. Instead, we rely on a group of investors to put up most or all of the cash. Especially if we don’t have a track record, it’s tough to be taken seriously – by anybody, […]

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General Real Estate

5 Tell-Tale Signs That it Might Be Time to Fire Your Property Manager

by Michael Blank June 16, 2014
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I don’t like firing people. My initial approach is to try to make it work and bring out the full potential of a person. Sometimes, however, I hold on to a person for too long. I’ve found over the years that if I’m micro-managing someone then I have the wrong person. Micro-managing means you’re telling […]

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