The rumors are true! I am releasing a new book. Actually, it’s an updated version of a book I wrote in 2009, “The 9-Month Investment,” which was around the time of the real estate crash.
In this episode of the Heartland Multifamily Show, Trot and I discuss a topic that’s crucial for anyone in the multifamily investment space: the common mistakes made by multifamily property sellers.
In this episode of the Heartland Multifamily Show,Trot and I dive into the crucial topic of investment instincts, especially in the current complex and distraction-filled world. We emphasize how, in today’s rapidly changing environment, where political, social, and global factors
In this episode of the Heartland Multifamily Show, I am once again joined by my guest host Trot Carey. Trot and I discuss a prickly topic: When should you overpay for multifamily property? Your gut reaction to that question is probably “never,” but it turns out there are situations where it makes good sense to buy a property, even if the numbers are higher than you’d like. In this episode, we discuss specific examples of when you want to pay more, like if it has a perfect location, or has good potential to be a 10-year investment that more than makes up for the big capital expenditure now. Watch this episode to learn why sometimes, getting a bad deal is a good idea.
It’s time to get political! In today’s episode of the Heartland Multifamily Show, we’re talking about getting green. But not just getting money green, but the environment. Many companies, especially large ones, have ESG (environmental, social, and governance performance) scores, or diversity and inclusion goals, or a vision that includes giving a portion of their income to various charities. Whether these are a waste of money or a necessary part of any good corporate management is completely up to you. But whatever your opinion is, you need to make sure that you are on the same page as your other investors and business partners. Otherwise, you will have friction between you that will make for an unstable and unhappy business relationship. Watch this video to learn why you need to do due diligence on your business partners as much as your property and do it before you sign any agreements or invest a single dollar.
On this episode of the Heartland Multifamily Show, I am going to talk about two important things that you must understand to be a successful multifamily investor. These are two things that go hand in hand, you can’t have one without the other. I’m talking about strategy and tactics. You can’t implement your strategy if you don’t execute tactics, but you can’t execute those tactics if you don’t have a strategy for growth. In this episode, you’ll learn why you need to know your timeline, why you need both whether you are a passive or active investor, and how you can get on the same page with your investing partners. If you can understand how to do both, you can have a road map for successful investing.
In this episode of the Heartland Multifamily Show, we discuss a recent article in the Wall Street Journal saying that renters have the upper hand. What this means is that tenets, not property owners, have greater leverage when it comes to finding a place to live and work, and therefore rents are declining (or at least not going up as fast). As a result of this, many investors are seeing red on their balance sheets. As an investor, you need to understand the risks and benefits of investing in multifamily, or any other kind of real estate. This episode will help you navigate this tough period by keeping your mind on the long-term profits you can see if you invest well today.
Today on the Heartland Multifamily Show, I’m talking about speed limits with my special guest, Trot. We associate speed limits with driving. Those speed limits are there with the average or below-average driver in mind, and are imposed to mitigate risk, and avoid the worst-case scenario. That said, many people exceed the speed limits because they make a calculated risk based on the driving conditions and their own abilities to get to their destination faster. Multifamily investing also has speed limits. There are some that are legal limits imposed on you, but many of those limits are self-imposed. In order to be a successful multifamily investor and reach your goals more quickly, you have to be aware of those speed limits, then adjust your actions accordingly. You need to put more work in, and drive yourself faster, but have self-awareness to know what speed limit is appropriate for you. Watch this video to learn how to reach your multifamily investing goals faster.
In this episode of the Heartland Multifamily Show, I’m going to talk about why rate of return is not the most important factor in what properties you should invest in. Rate of return is important, but what’s more important is place. You need to have your property in a place that is insulated and protected from the unpredictable nature of the world. Social unrest, economic instability, and unpredictable outcomes make it so that you could very easily lose your money, through no fault of your own. The solution is to park your money in a place where it’s safe first, and then worry about rate of return second. Watch this episode to find out how you can protect your multifamily investment property.
Darin Garman is a licensed Real Estate Broker in the State of Iowa. All Heartland companies are Iowa based Limited Liability Companies. All information on this website is believed to be accurate but not guaranteed. Investment results are not guaranteed and past performance never guarantees future results.