Lance Edwards is living proof of his mantra that you do not have to “graduate” from single family to multifamily – you can start with multifamily, just like he did. Lance purchased his first deal (a four-plex apartment) in March 2003 with nothing down. Over the next 2 years, he went on to purchase 50 properties with nothing down on a part-time basis, while working his full-time corporate job. In July 2005, investing in apartments allowed Lance to retire from his 20-year corporate career to start a full-time real estate business that acquires and flips multifamily properties.
In 2007, he added his training business to teach others how to create faster financial freedom by investing in apartments using none of their own money. Lance has been speaking on how to raise private money and multifamily real estate investing to large and small groups around the country since 2005. And he continues to aggressively invest in apartments while teaching others to do the same, all with no money down.
During This Show We Discuss…
Why apartment investing can be better than residential home investing
The types of returns you can make when investing in apartments
How to find the right property to buy?
How to know you’re getting the best deal
The tactics that work best with buying apartments with no money down
How to find investors where you don’t need to put money down
How to make money on apartments without taking ownership
The price range of apartments that is best to work with
How many units an apartment should have to consider investing
How to this to go from smaller apartment complexes to bigger ones
What MAPS is and how it helps you become a better investor
When to know it’s best to buy and hold versus fix and flip
How to find buyers when you decide to sell
Whether you should self-manage your apartments or hire a management company
How to find the best management company
How to get around needing to make expensive repairs
And much more...