Below is an outline of the event I will be putting on tomorrow at the Double Tree in San Diego at hotel circle. Through cliff notes, youtube, wikipedia and staying the night at a holiday inn express really helped me out

For those of you who can’t make it or are unsure what it is about I am pasting the outline here. The lines are fill ins we will discuss and I plan on it being pretty interactive. May even throw in a cold call to a property owner to see if they will sale. Hope they don’t yell at me!

Click here for information on the event

gabhart investments, Inc

A GUIDE TO SUCCESSFUL REAL ESTATE INVESTING

Investing & Generating Wealth with Apartments



APARTMENTS

  1. I. Introduction

  1. II. Apartments, Office, Industrial, Single Family Houses Ohh my!!!

  • Why buy
  • Why Sale
  • Why Wait?
  • ______________________________________________________
  • _____________________________________________________
  • ____________________________________________________
  1. III. Figuring it all out and where to go from here…

v  Pick a niche & create a plan

  • Basic business plan

ü  Questions to ask yourself

  • Experience
  • Type of property
  • Where are you going to buy
  • Size
  • __________________________________________________________________
  • Coinage$$$ and where are you going to get it?
  • ___________________________________________________________
  • ____________________________________________________________
    • Investors
    • Know the rules
    • I am not an attorney nor even that smart so get an attorney but here is what I do know
    • ________________________________________________________
    • ___________________________________________________
    • _______________________________________________________
    • ___________________________________________________
    • How much of a deposit do you have?
    • Lenders
      • Who should I go to a bank or broker?
      • ____________________________________________________________
      • Risk tolerance
      • Team
        • Attorney
        • Accountant
        • _________________________________________________________
        • ________________________________________________________
        • ________________________________________________________
        • ________________________________________________________
  1. IV. Developing Expertise

v  Geographic knowledge

  • Drive all the areas you are buying in
  • Barriers to entry?

ü  __________________________________________________________________

ü  __________________________________________________________________

ü  ________________________________________________________

ü  ___________________________________________________________________

ü  ______________________________________________________

ü  ____________________________________________________________

ü  ___________________________________________________________

v  Past sales transactions

  • Where to get information
    • Agents & their companies
    • Public records
    • ___________________________________________________________
    • ___________________________________________________________
    • ___________________________________________________________
    • ___________________________________________________________
    • ___________________________________________________________
    • ___________________________________________________________
    • ___________________________________________________________
    • ___________________________________________________________
    • Oh yeah watch out for…

ü  Data is based on pro-forma (projections)

ü  ________________________________________________________________

  • Price trends

ü  Are prices moving up or down

  • Are actives selling for more or less than the solds?
  • _______________________________________________________________
  • _______________________________________________________________
  • Call agents to get insight

ü  Months/Years of inventory

  • Here’s how
  • Rental market

ü  Know your rents!

  • Survey

You will find other deals this way

  • ___________________________________________________________
  • ___________________________________________________________
  • Property management companies
  • Local apartment owners associations
  • ____________________________________________________________
    • Craigslist
    • _______________________________________________________
    • Know the expenses of type, age and location of buildings

ü  Same as above

ü  __________________________________________________________________

  1. V. Now you’re an expert what’s next? FINDING THE DEALS

v  What is a deal?

v  _______________________________________________________________________

v  _______________________________________________________________________

v  _______________________________________________________________________

v  Finding off market or pocket deals

  • Go straight to the source – owners

ü  Tracking them down

ü  __________________________________________________________________

ü  __________________________________________________________________

ü  Costar

ü  _________________________________________________________________

ü  _________________________________________________________________

ü  _________________________________________________________________

ü  _________________________________________________________________

v  Shortlist & rank properties

  1. VI. Ok so you’ve found a deal what’s next?

v  Analyze

v  Let’s take some deals

  1. I. Getting the Cash

v  Whether a lender or investor they want to know _______

v  Creating a proposal

  • Introduction & cover page
  • Executive summary
  • _____________________________________________________________________
  • _____________________________________________________________________
  • Property specific

ü  Investment details

  • Address etc.
  • Purchase information
    • Price
    • Units
    • ______________________________________________________________
    • Financial information
      • Down payment
      • __________________________________________________________

ü  Executive summary

  • Acquisition costs
    • Purchase price & costs
    • Investment – cash
    • ______________________________________________________________
    • Investment information
      • Purchase price
      • Price per unit
      • __________________________________________________________
      • Income, expense & cash flow
        • Gross scheduled income
        • Vacancy and credits
        • _____________________________________________________
        • _____________________________________________________
        • Debt service
        • Cash flow before taxes
        • Debt service
        • Financial indicators
          • Cash on cash return
          • IRR
          • _________________________________________________
            • ____________________________________________
            • Operating expense ratio

Executive Summary

v  Property description

v  Property details

  • Construction
  • Age
  • Style
  • ______________________________________________________________________
  • ______________________________________________________________________
  • Income & expense statement
  • Property metrics

ü    CAP Rate

ü   _____________________________________________________________

ü   _____________________________________________________________

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