Detroit Multi Family

Wednesday, March 9, 2011

Michigan Apartment Investing

To register for the upcoming March 26 class call us at 313-444-9691
or register online at http://www.herbscommercialquickstart.com/

Thursday, February 17, 2011

Monday, February 14, 2011

Herb Strather's 60th Birthday

Come Say Happy Birthday To Herb Strather!

Join me (L.J. Reynolds) and other Motor City artists as we celebrate Herb's 60th Birthday and
the launch of our new music label Motor City Hits!

Food, Family, Friends, Music, Dancing, Gaming, Singing, Drinking....A night to remember!

Attire: Black Tie, Gym Shoes

In lieu of gifts, if possible please bring a donation for the Optimist Youth Foundation.

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When: Friday, February 18 from 08:00 PM to Saturday, February 19 at 02:00 AM

Where: St. Regis Hotel3071 West Grand Boulevard Detroit, MI 48202
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Visit http://www.herbsdeal.com for a FREE Report!

See Me on these Other Sites:

http://herbertstrather.blogspot.com/
http://detroitmultifamily.blogspot.com/
http://apartmentinvestingdetroit.blogspot.com/
http://apartmentinvestingmi.blogspot.com/
http://miapartmentinvestingcourse.blogspot.com/
http://apartmentinvestingcourse.blogspot.com/
http://apartmentinvestingmichigan.blogspot.com/
http://realestatetrainingmi.blogspot.com/
http://realestateinvestingmentor.blogspot.com/
http://multifamilyinvestingmi.blogspot.com/
http://detroitmultifamilyinvesting.blogspot.com/
http://investincommercialrealestatedetr.blogspot.com/
http://commercialrealestateinvestingdetroit.blogspot.com/

Wednesday, February 9, 2011

Commercial Real Estate Event - Live Streaming Video

Join us on Saturday February 12, 2011 for the Commercial Quick Start Event.

Herb Strather will be live explaining the benefits of Commercial Real Estate Investing
from 9 AM to 3 PM.

FIRST TIME EVER!!
This Event is going to be streamed live via Internet

Reserve your seat now: http://bit.ly/i0gXr3

Agenda

1. Why Commercial

2. Types of Commercial

3. Finding Deals(Blitzing)

4. Building Your Team

5. Building Your Balance sheet

6. Underwriting the Deal

7. Closing

8. Property Management

9. Exit Strategies

Friday, February 4, 2011

Tuesday Night Webinar

Tuesday, February 8, 2011 8:30 PM - 9:00 PM EST

https://www3.gotomeeting.com/register/191422150

In order to get the word out about my Commercial Quickstart Event that's taking place Saturday, February 12th, I'm doing a short webinar about my new special report: THE 8 THINGS YOU MUST DO TO GET READY FOR THE UPSWING. In this webinar I'm going to share with you 8 VERY IMPORTANT things that I want you to do, so that when real estate market pick up your not kicking yourself for missing the boat.

https://www3.gotomeeting.com/register/191422150

Monday, January 31, 2011

6 Tips to Maximize the Value of your Apartment Investment

One thing I like most about apartment investing is that it gives any investor
the ability to have a solid cash flow via multiplied profits. Additionally, I
want to find a way to increase those returns and ultimately, increase the
overall value of the commercial property. How can I do that? Using the concept
of forced appreciation, investors can make low- to no- cost changes and
receive huge returns. Here are a few key ideas to maximize the value of your
multi family real estate investment.

Raising the Rents for your Apartment Tenants

Many apartments aren't being rented at market value. In fact, what you'll find
is that many apartment complexes (especially those managed by the owners
themselves) are rented for 10% – 20% below market value to attract and keep
tenant's long term. This is a great strategy and one that is easily executed
however, keep in mind that the leases must expire before you can raise rents.
So during the due diligence period having the lease expiration on there. For
apartment complexes, this period can be anywhere from monthly to annually.

Decreasing Operating Expenses at your Apartment Complex

Look for opportunities to decrease the operating expenses. By that, I don't
mean that you should be "cheap" and cut costs on maintenance and repairs that
need to be done to keep your apartment complex up to date. I also don't mean
that you should take on property manage responsibilities yourself. What I mean
is that there are improvements that should be made such as installing energy
efficient windows and lighting, and digital thermostats that save you money on
your utility bills. You can also find cheaper alternatives for marketing your
property; you can shop for lower insurance coverage. Decrease your operating
expenses, but don't be cheap about it, be smart about it.

Improving Tenancy Rates

While there is no one single trick to improve tenancy rates, every investor
still has to find ways to tackle this challenge. First, take a look at the
tenant base of your apartment building. This will give you a good idea of who
is attracted to renting in your apartment building. This rental information
will then help you strategize your advertising and marketing efforts to
attract qualified tenants that are looking for the living experience your
apartment complex offers. I would also consider going beyond traditional print
advertising methods and include social media marketing.

Changing the Tenant Base in your Multi Family Investment

Some apartment buildings have tenants who aren't the best for your complex.
These tenants often include those who make late payments, no payments, have
been evicted multiple times and those who are involved in criminal activities.
These kinds of tenants not only affect your NOI, they also won't help you
attract tenants who are the exact opposite. Start to get rid of these kinds of
tenants and focus on doing what it takes to attract your target tenant
profile. This may mean that you'll have to invest in repairs and upgrades, but
in the long run, it'll pay off big time.

Upgrading your Multi Family Investment

Contrary to popular belief, upgrading your apartment complex does not always
include having major renovation work done. While there is often, cost
involved, the financial impact can be minimal compared to the returns you'll
receive. Some low-cost upgrades could be replacing property signage, upgrading
the landscaping, and repaving the parking lot.

Adding the Extras

There are other opportunities that will not only add convenience for your
tenants, but it will improve your NOI. These amenities include things like
vending machines for items like videos, soft drinks, and laundry products. You
might also consider adding larger scale opportunities such as laundry
facilities, parking, and storage facilities. These added amenities will make
your apartment building more attractive to potential renters and help retain
current renters longer.

Forced appreciation is a powerful strategy any investor can use to gain
multiplied returns on their apartment complex investment. Among their options,
investors can do simple things such as raise revenues, decrease operating
expenses, upgrade the building, and add convenience items for sale to your
tenants. These changes are relatively easy to make and often have low or no
cost. Like any real estate investment, each commercial property is unique and
I recommend that you research your options thoroughly to determine which
changes suit your property the best.

See Me on these Other Sites:

http://herbertstrather.blogspot.com/
http://detroitmultifamily.blogspot.com/
http://apartmentinvestingdetroit.blogspot.com/
http://apartmentinvestingmi.blogspot.com/
http://miapartmentinvestingcourse.blogspot.com/
http://apartmentinvestingcourse.blogspot.com/
http://apartmentinvestingmichigan.blogspot.com/
http://realestatetrainingmi.blogspot.com/
http://realestateinvestingmentor.blogspot.com/
http://multifamilyinvestingmi.blogspot.com/
http://detroitmultifamilyinvesting.blogspot.com/
http://investincommercialrealestatedetr.blogspot.com/
http://commercialrealestateinvestingdetroit.blogspot.com/

Let's Get Social:

http://www.facebook.com/herbstrather
http:/www.linkedin.com/in/herbstrather
http://www.youtube.com/herbstrather

48201    48208    48215    48222    48229    48236
48202    48209    48216    48223    48230    48237
48203    48210    48217    48224    48231    48238
48204    48211    48218    48225    48232    48239
48205    48212    48219    48226    48233    48240
48206    48213    48220    48227    48234    48242
48207    48214    48221    48228    48235    48243
48244

Thursday, January 27, 2011

5 Unique Ways to Fund Your Next Detroit Multi family Deal

Visit http://www.herbsdeal.com for FREE REPORT

Despite the current slump in the housing market, it can be the right time to acquire funding for multi family or apartment building real estate. I got into the real estate game when I had no money so I had to do deals creatively, but I have developed systems that allow me to not only survive the slump, but profit from it. We all know the time to buy is not when you hear everyone saying it a great time to get in the market. We are in the best time in history to get into commercial real estate i.e. Multi Family investing. Because I had no money in the beginning I still creatively structure deals were the student doesn't have to bring money to close, but get cash at closing. There are many ways to go about funding your next real estate deal, but today I would like to focus on private investors, grants, sellers, selling other assets, and loans.

Private Investors:
If you can be provided with an opportunity to sit down with someone who is willing to entertain putting forth a little investment capital for a possible venture, wear your best suit and tie. Have a professional proposal detailing your outlying costs and show the bottom line of your profit margin. Chances are your investor will be looking for a faster return on their money than a financial institution will.

Grants:
The government dishes out billions of dollars each year in grants to those seeking funding for real estate ventures. This is mainly because one of the government's main duties is to provide housing for U.S residents (apartments). There are not only federal grants for which you can apply, but also state level grants as well. Now, getting grants is a lot of work and takes time, but what would be better than getting free money to fund your real estate empire. In fact, we are closing on a deal right now that we are selling to a local housing agency that will lose their grant money if they do not purchase by the end of the year.

The Seller of a multi family complex:
Yes, you can possibly obtain the money needed for a property from the seller. It may benefit the seller more to finance your purchase than to face foreclosure or bankruptcy.
One thing you have to understand is that in the next couple of years there is about 1 trillion dollars of loans on commercial property coming due that cannot be refinanced. That is a HUGE opportunity for you!
In some instances the seller is willing to add additional money to the price of the property to account for the down payment and the closing costs. This additional money can sometimes be paid back with cash flow from the property after purchase. It may require an increase in interest to carry that money on your balance; however it will buy you some time to earn more capital. Another trick is to make the seller your partner in the deal, that's right make in a partner and cash him out that way. More on that later.

Selling other assets:
If you feel strongly about entering in to the market and have tried other avenues to obtain capital; you may think about liquefying any available assets. You can cash in any stocks, bonds or other savings. Take your 401K and turn it into a Self-Directed one so that you have funds to possible invest in other peoples' deals. However, seek professional guidance before making this move. We always need to think through our investment goals from how to get a deal to the proper exit strategy!

Loans for apartment investing:
If all else fails, it is still possible to obtain a multi family loan from a bank or credit union. You may be required to possess a higher credit score and/or have substantial collateral to convince the bank to fund your apartment investment. In this instance you may or may not receive the full amount necessary, and will also need to consider the interest rate that will be assessed above the loan. This will be essential when completing a bank proposal.

The right way to fund a deal is different for each circumstance. As an investor it is important to be able to use all the tools necessary at your disposal to get the deal done. Understanding all your options enables you to be the investor that gets the deal done. Once you establish yourself as a closer the deals will start to knock on your door.

Visit http://www.herbsdeal.com for FREE REPORT

48201    48208    48215    48222    48229    48236
48202    48209    48216    48223    48230    48237
48203    48210    48217    48224    48231    48238
48204    48211    48218    48225    48232    48239
48205    48212    48219    48226    48233    48240
48206    48213    48220    48227    48234    48242
48207    48214    48221    48228    48235    48243
48244

Wednesday, March 9, 2011

Michigan Apartment Investing

Thursday, February 17, 2011

Herb’s Birthday Gift To You

Monday, February 14, 2011

Herb Strather's 60th Birthday

Wednesday, February 9, 2011

Commercial Real Estate Event - Live Streaming Video

Friday, February 4, 2011

Tuesday Night Webinar

Monday, January 31, 2011

6 Tips to Maximize the Value of your Apartment Investment

Thursday, January 27, 2011

5 Unique Ways to Fund Your Next Detroit Multi family Deal