What You MUST Have in Place Before Seeking Out Your First Apartment Deal

by | BiggerPockets.com

Before you jump into watching my video, I really want you to answer this question for yourself: “Are you ready (really ready) for your first apartment building deal?”

This is a big question that needs to be answered before you begin looking for that apartment building deal. I can’t stress this enough. So many people think they can “fake it until they make it” when investing in apartment buildings. In my experience as an investor, you need to be prepared to be successful and effective in this business. You need to have things in place before investing in apartment buildings.

Related: 12 Creative Ways to Add Major Value to Apartment Buildings

3 Things to Have in Place Before Hunting for Your First Apartment Deal

Colin Powell said it best: “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”

In today’s jammed-packed video, I whiteboard three critical areas you MUST have in place BEFORE you go hunting for that apartment building deal:

  1. Your Team
  2. Money
  3. Market

Let’s get some discussion going! Anything else I should have in place before going out and hunting for that apartment building deal?

Thanks, as always, for watching my videos!

About Author

Matt Faircloth

Matt Faircloth, Co-founder & President of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, New Jersey, is a developer and owner of commercial and residential property with a mission to “transform lives through real estate." Matt, along with his wife Liz, started investing in real estate in 2004 with the purchase of a duplex outside of Philadelphia with a $30,000 private loan. They founded DeRosa Group in 2005 and have since grown the company to owning and managing over 370 units of residential and commercial assets throughout the east coast. DeRosa has completed over $30 million in real estate transactions involving private capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, office buildings, and tax lien investments. Matt Faircloth is the author of Raising Private Capital, has been featured on the BiggerPockets Podcast, and regularly contributes to BiggerPockets’s Facebook Live sessions and educational webinars.

8 Comments

  1. Alvin Sylvain

    I hate watching videos. I’m old school, The spoken word with fancy-schmancy power-point pictures and sound effects is no good for me. I need to see it in black and white. Is there a transcript somewhere that I can just READ?

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