| There is a common misconception that buying single | | | | building you want to talk to the neighbors since they |
| homes is the way to easy wealth but the reality is | | | | can give you a lot of information that is not available |
| that each property you buy will require a lot of time | | | | else where. Things like is the landlord having financial |
| to find, buy, and sell. Why not work on buying just | | | | problems? Do the current tenants cause problems? Is |
| one apartment building a year, focus all your energy | | | | the building having problems? After talking to the |
| on one big deal and then sell it at a huge profit. After | | | | neighbors talk to a real estate agent and ask the |
| one big property flip you could retire by 35. | | | | following questions.a. How much did the owner |
| 1. Buying - When looking for good deals in apartment | | | | originally pay for the building?b. How much does he |
| buildings you should focus on specific areas. These | | | | owe on the building?c. Are there any back taxes?d. Is |
| areas should be in middle class working | | | | the building legally up to code? |
| nieghboorhoods where the areas are seeing a | | | | 3. Submit Offer - After answering those questions |
| positive change. The hardest problem is locating | | | | you are now ready to submit a good offer. Always |
| these areas which is why the majority of your time | | | | make sure that you put in contingencies that will |
| should be focused on research online. The majority | | | | allow you to back out of the deal legally should you |
| of your time should focus on becoming an expert at | | | | need to. |
| finding the deals on the internet before you ever | | | | After buying the building the hard work is done and it |
| step outside to look at a potential deal. | | | | will be time to manage, reduce expenses, and sell to |
| 2. Offers - Before putting in an offer to buy a good | | | | enable you to retire before 35. |