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The Money School Podcast shares the secrets of the wealthy, so you learn how money really works and take back control of your life!

You'll hear the inside story of wealthy entrepreneurs and investors... breaking down how they got started, how they think about money, how they put money to work for them, and how you can change your life simply by doing ONE thing differently with the money you already have.

Through the podcast, you'll become your own bank - mastering how money really works - so you can use it to gain the upper hand and take command of your finances. After all, building wealth isn't about resources, it's about being resourceful. 

Hosted by Chris Naugle, former pro snowboarder turned real estate investor, serial entrepreneur, and money mentor, this podcast has one mission - to show you how money really works so you can reclaim control of your life!

Jul 18, 2019

Most new real estate investors are intimidated by multi-family deals, but getting into them is a lot easier than people think. What makes apartment building investing such a great way to build wealth? How can we raise money, and why is it so easy to do? How do we expand our investment comfort zone? On this episode, I’m joined by one of the foremost authorities on multi-family investments, Michael Blank. Michael is an entrepreneur, investor, teacher, podcaster and bestselling author who joins us to shares the intricacies of apartment building investing. 

 

The most direct path to financial freedom through real estate is with apartment buildings. -Michael Blank 

 

Three Things We Learned

How to raise money for multi-families through investors

While it’s easier to raise money for house flips, multi-family deals have a lot of benefits and if we explain it to people, we can raise money. There’s consistent compounded returns, and ongoing tax benefits which investors would favor. 

Multi-family property strategy

A multi-family strategy is different from just investing in one multi-family unit. An apartment building strategy means you intend to scale your portfolio over time, getting bigger properties each time.  

How the property manager impacts your business 

The quality of your property manager affects your performance and quality of life significantly. With a poor quality property manager, you’ll spend time chasing tenants, micromanaging, and your expenses will be high. A good property manager allows you to run your business with limited stress and strain. 

 

Real estate truly is the vehicle to becoming wealthy and financially free; and multi-family investing is one of the fastest ways to do it. You can apply the same strategy as one property deals and banks favor those deals. What’s even better is, you can get involved in so many different ways and achieve cash flow, long-term wealth and tax benefits. There’s no need to be intimidated. You can overcome lack of money by raising it, you can overcome a lack of experience by learning and having a team around you. Ultimately, all you have to do is get started and you can achieve it.