Real Estate RAW

Real Estate RAW Real Estate Raw provides experience driven education for real estate investors.

📚 My Top 9 Mindset Books of 2024 🏡💡⁣⁣When it comes to real estate (or life in general), success starts in your mind. Hav...
12/11/2024

📚 My Top 9 Mindset Books of 2024 🏡💡⁣
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When it comes to real estate (or life in general), success starts in your mind. Having the right mindset isn’t just a bonus—it’s the foundation that sets you up to spot opportunities, overcome challenges, and stay resilient in this ever-changing market.⁣
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Here are my 9 favorite mindset books of 2024 that helped me (and can help you) think bigger, stay focused, and crush your goals:⁣
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Each one of these books shifted how I approach life and business, and I’ve seen that reflected in my real estate deals. When your mindset is strong, you don’t just wait for success—you create it.⁣
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👉 Which of these books have you read, or what’s on your reading list? Let me know in the comments!⁣
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Remember, the path to financial freedom through real estate begins in your head. You have to believe it, work on it, and take action daily. Let’s make 2025 your year of growth! 🚀⁣
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Tired of losing half your income to taxes? Real estate is the answer—and here’s why…💰 Real estate is the ultimate tax ha...
12/03/2024

Tired of losing half your income to taxes? Real estate is the answer—and here’s why…

💰 Real estate is the ultimate tax hack. Depreciation, deductions, and tax shelters can save you thousands. Want to uncover these hidden gems? Start digging into the numbers! 🕵️‍♀️

Share your thoughts in the comments!

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🤔 Debt gets a bad rap, but in real estate, it’s a tool for building wealth. Learn how to leverage OPM (Other People’s Mo...
12/02/2024

🤔 Debt gets a bad rap, but in real estate, it’s a tool for building wealth.

Learn how to leverage OPM (Other People’s Money) to secure profitable deals and multiply your returns. Detect your next opportunity! 🕵️‍♀️

Follow me for more tips on how to build real wealth and create financial freedom for yourself and your family!

In my 18 years of multifamily ownership and management, I have discovered this truth. “When an apartment is vacant, It’s...
10/15/2024

In my 18 years of multifamily ownership and management, I have discovered this truth. “When an apartment is vacant, It’s one of these three things- condition, price or marketing”. Usually in that order.

When faced with vacancies start your analysis in this order.

1. Condition
1st is to make sure the unit is in rent ready condition. This seems obvious, but you might be surprised. If the unit is in not rent ready condition… fix it.

2. Price
Is the asking rent too high for the vacant unit (Gain to Lease)? You will need to look at comparable properties/units in the area to decide. This is what is called a Market Survey in the property management industry. It’s just a fancy way of saying… “call the other properties in the area and ask them what they are asking/getting for their rents”. Secret shop them if you want a real feel for your competition.



Read the Full article - ' https://realestateraw.com/there-are-only-3-reasons-why-an-apartment-is-vacant/ 'I

I will never forget my first business/real estate mentor. I was set to taxi the plane out to the runway on a flight to C...
10/08/2024

I will never forget my first business/real estate mentor. I was set to taxi the plane out to the runway on a flight to Carrabelle Florida. My passenger for the day was a wealthy real estate investor and developer named Lee. I was flying him to FL for the afternoon because he was in the middle of developing a new condominium community on a prime piece of waterfront real estate. I had watched him negotiate and purchase this a few weeks prior on a separate trip that I flew him to Florida for.

At this point my real estate career didn’t exist at all. I was a pilot flying for a medical supply company in Macon, GA. Lee was a friend of the owner of the company I worked for. The owner had invested in Lee’s next development and had given him access to the plane (and me) to take him down to the development site when he needed. At this point in, I was working on my flying career, but I was slowly getting the real estate bug. Little did I know that in less than a year from that fateful flight, I would be completely out of aviation and full time in real estate, never to look back.



Read the full article - ' https://realestateraw.com/real-estate-at-10000-feet-up/ '

Not all that glitters in multifamily is value-add gold. A bunch is just multifamily investment junk. Can you tell the di...
10/03/2024

Not all that glitters in multifamily is value-add gold. A bunch is just multifamily investment junk. Can you tell the difference?

In this article I will show you the distinction between what has the POTENTIAL to make money and what really doesn’t. I would never tell you that anything is guaranteed to make money, but I will tell you that are plenty of things that are guaranteed to LOSE IT!

If you are investing directly into real estate as a general partner (GP) or whether you are investing passively in a deal as a limited partner (LP) this article will help you to understand what has a higher potential to make money (and lose it) from the perspective of the physical building and the renovation of it. What I call Sticks, Bricks, and Mud.



Read the full article - ' https://realestateraw.com/elementor-2930/ '

Admittedly this is not the most interesting topic you could be reading about today, but it is an important one.Rent per ...
10/01/2024

Admittedly this is not the most interesting topic you could be reading about today, but it is an important one.

Rent per square foot is a common metric used in the multifamily business. Simply put, it is the unit’s effective rent divided by total livable square footage.

Rent per Square Foot = Total Rent Amount / Total Square Footage

For example, if you have a 1,000 square foot apartment and the monthly rent is $1,500, the rent per square foot would be:

Rent per Square Foot = $1,500 / 1,000 = $1.50 per square foot

The value in this is when we (as buyers) analyze a multifamily property. Comparing the number of beds and baths to other properties with apartments that have the same bed/bath count is not accurate enough. What if the other unit is bigger?



Read the full article - ' https://realestateraw.com/what-is-multifamily-rent-per-square-foot/ '

This article is about doing DD on the GP. For a limited partner (LP) to “Know, like, and trust” their general partners (...
09/26/2024

This article is about doing DD on the GP. For a limited partner (LP) to “Know, like, and trust” their general partners (GPs) is good, but you need to do more due diligence (DD) in a syndicated multifamily investment than this. You need to do DD not only on the investment itself but also on the people behind the deal. You are investing in the GPs every bit as much as the asset. They are one in the same. Here are a few things to consider before participating as a limited partner in a multifamily syndication.

𝗕𝗼𝗼𝗸/𝗣𝗼𝗱𝗰𝗮𝘀𝘁𝘀/𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮

All this is great but mostly crap. Anyone can write a book or be on or have a podcast. These things do not equate to operational experience in the multifamily business. Experience equals experience. Nothing else.



Read the full article - ' https://realestateraw.com/multifamily-syndication-glitter-or-gold/ '

Anyone who has been in real estate at all will tell you that finding good deals is most of the work in any real estate b...
09/24/2024

Anyone who has been in real estate at all will tell you that finding good deals is most of the work in any real estate business. Using the right tools will maximize the efficacy of that work. Here are several strategies to increase deal flow by using creative financing. This works for multifamily or single-family real estate.

Direct to Owner

Contacting owners directly works great with smaller assets and is less effective as you move toward larger assets (100+ units). Direct mail campaigns work great for single family homes and have a decline in response rate (closer to 0%) as you move to larger assets. I have sent thousands of letters and postcards in my career.



Read the full article - ' https://realestateraw.com/how-to-find-multifamily-creative-financing-deals/ '

This article does not give tax advice. Seek the advice of an accountant in your state before using any of these tips.So,...
09/13/2024

This article does not give tax advice. Seek the advice of an accountant in your state before using any of these tips.

So, what exactly is a Tax Loophole? It’s simple – a loophole is a tax incentive provided by our government as a way of encouraging the economy to grow. It should come as no surprise that most tax loopholes are found in the areas the government would like us to concentrate on like investing in real estate. It’s classic “carrot and stick” psychology.

Many loopholes are quite well known. For example, if you own your own home, you can usually deduct all the interest you pay on your mortgage. Other loopholes are hidden little treasures. They take a bit more looking to uncover, but like most treasure, it’s very worthwhile.



Read the full article - ' https://realestateraw.com/eight-tax-loopholes-using-master-lease-options-2/ '

09/12/2024

Struggling with your multifamily property's performance? Multifamily Risk Management offers proven solutions to maximize your investment's potential.



Data-driven strategies. Two decades of experience. Request your consultation today ➡️ https://multifamilyriskmanagement.com/

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