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What you’ll learn in just 17 minutes from today’s episode:
- How to raise capital without using your own money
- Why multi-family strategy lets you quit your job
- What is in it for you with multi-family investment
Michael Blank is a leading authority on apartment building investing in the United States. He’s passionate about helping others become financially free in 3-5 years by investing in apartment building deals with a special focus on raising money.
In this episode,Michael walks us through the exciting income-generating world of multi-family real estate. Be awed at his expertise, beginning from when you are a start-up up to the time you want to scale up and diversify your portfolio.
01:30 – How he got into Real Estate
03:09 – How many deals to have as a start-up to completely give up one’s job
04:34 – The wrong notion people get about multi-family properties
06:41 – Talking about his system for getting started with multi-family properties
08:02 – Thoughts on investing outside of your backyard
08:35 How to raise capital for real estate business
12:11 – How he got and when did he get into multi-family properties
13:31 – What one strategy did he use in helping his clients
14:15 – Free E-book: How To Raise Money to Buy Your First Apartment Building.
“So the biggest mistake people make is that they dismiss multi-family as an advanced strategy that they will get to after a decade of single-family house investing. After having saved up a bunch of money, they will then graduate to multi-family and it’s just not true.” – Michael Blank
“The first thing is you do have to educate yourself, to some degree. And I think at one point you have to start investing in yourself. But there’s a lot of free resources out there as well where you can actually educate yourself for either free or very little money. But you have to educate yourself a little bit because you have to appear knowledgeable and confident when you’re talking to other people.” – Michael Blank
“And my other advice is not to go out and raise money. My advice is to simply share your enthusiasm with people in an intentional way. – Michael Blank
“..clarity allows them to be very, very clear on what action to take because someone’s very clear on something. It’s very easy for someone to take action versus someone who is not clear on what they want. It’s a wishy washy thing and they might take some action here and my take some action here and nullifies what they did over here or a complete inaction. So clarity is really important.” – Michael Blank
Connect with Michael Blank:
- Email: firstname.lastname@example.org
Connect with Dave Dubeau:
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