Are apartment buildings a good investment? This is probably the smartest question you
could be asking right now. Real estate investing is a great way to make money
and apartment buildings can be an even better investment if you know
which ones to get. I'm going to share with you all of my secrets. Let's go.
Real estate investing has changed my life especially now that I am into apartment buildings.
But when I started in real estate and in real estate investing, I did not just
jump to apartment buildings. I started within real estate investing bankrupt in my parents'
basement and with bad credit. I literally started from the bottom and now I'm here.
So, you can do it too. But the key to being successful in real estate investing is focusing
on people that are having a property problem. This is how I became successful in real estate and how
I made millions of dollars. I started to pick up properties for pennies on the dollar by focusing
on people that were in foreclosure, bankruptcy, divorce, tired landlords and all different types
of property problems. Even properties that were dilapidated. Those are where the real money is.
Because when I first started investing in real estate, before I was in my parents' basement,
I did everything wrong and I did not focus on property problems. I tried to find properties
that I could fix and flip similar to what I had learned on some of those flip shows.
But boy was that a big mistake. The truth about being a real estate investor is you
want to focus on getting properties at the right price and turning those properties into profits.
Stop worrying about what school district properties are in and thinking like a civilian.
You want to focus on properties that you can make money on and that's where apartment buildings come
in. When I started investing in real estate and I started making a lot of money, again,
I did not just get into apartment buildings. I literally quit my job because I have more than
40 single-family homes as rental properties. I had amassed a great portfolio of properties
by doing subject to's, lease purchases, fix and flips, and a lot of different things like that.
But my problem was I only focused on single-family homes because that is what I knew.
And essentially, the problem with that (although I made a lot of money) was that I had separate
tax bills, separate insurance, separate mortgage, separate property managers and all different types
of issues managing all of those properties. It took me tons and tons of single-family properties
just to do what I'm able to do now with one apartment building. So, the lesson here is you
definitely can start with single family homes and yes, you can make lots of money investing in real
estate focusing on single-family homes. And as you grow in real estate and as a real estate investor,
you want to start moving into multi-units, small apartments, and then larger apartment
complexes. This will help cut down your expenses and you will find it's a lot easier to manage,
a lot of properties in one place versus a lot of properties in a lot of different places.
Investing in real estate is all about opportunities. And this is the same thing for
apartment buildings. The key to making big profits and real estate investing still relies on finding
property problems even with apartment buildings. You literally can flip apartment buildings. Don't
let people tell you that you can't. I still do find underperforming apartment buildings,
renovate them and fix and flip them essentially to make money. Or take underperforming properties
that are having tenant issues, occupancy issues, or other types of issues. And I fix those issues
so that I can make money in them. Regardless of as to whether you're investing in single-family homes
or apartment buildings, you want to focus on making money and finding opportunity. You don't
want to just go for these beautiful apartment buildings because usually, they cost millions of
dollars. It's just not where you want to start. Additionally, you'll end up in the same place
that I did where I was only trying to find pre properties with big mortgages and I didn't have
much equity and I surely was not making money on that as much as I could if I was focused on
property problems. So again, when you're looking at apartment buildings, keep the same mentality
as a real estate investor. Look for those opportunities, look for places where you have
a property that are underperforming, not making as much money as they could but see the opportunity
where you could go in, fix them, upgrade them, get better tenants in them, raise the rents
things like that and actually make a profit. That is the key. Another awesome thing about apartments
that you need to know is apartments are one of the best types of commercial residential real estate.
Like I said, single-family homes people will live in them one by one by one if you make
them into rental properties. But if you have a small apartment building, you don't necessarily
need one with 100 units. You literally can have an apartment building with 8 or 10 or 12 units.
This way you can get into the business and start learning. Additionally, apartments have
fared very well even during times of recession. We have found that you can do many things with
apartments things you couldn't do previously. Let me give you an example. I now get small apartments
and we actually Airbnb them. We don't put all of the properties on Airbnb. But some of them we rent
out unfurnished to long-term tenants. And some of them we furnish just like the one you see here.
And we put them on Airbnb. I've even made an entire company that does this and I share those
profits with my investors. You can check it out at nuurez.com. Again, taking all of the information
and the knowledge that I've learned investing in real estate and just doing it on a bigger scale
that has allowed me to grow my company grow my profits, and grow the profits of my investors. The
great thing about apartments is you can do with other people. Usually splitting the profits on a
single-family home is not as fun. But an apartment building, there's a lot more units a lot more
profits and a lot more room for you to partner with other people. So, if you get a chance,
you can buy your own properties absolutely. But check out nuurez.com and see what we're doing
because again, apartments allow for more people to come in and share the profits. So, there
you have it. You basically know the answer that apartment buildings can be a very good investment
provided you do it right. Again, check out my company if you want at nuurez, NUUREZ.com to learn
more about what we're doing and see how you can mimic and mock some of the things that I'm doing
because I want you to be successful too. Make sure you watch all of my videos. Make sure you smash
that like button, subscribe to my channel, click that little notification bell so you don't miss
any of this content that I'm bringing to you every single weekday. This is Noelle. To your success.