Make More Money Investing in Multiunits A Step by Step Guide
Make More Money Investing in Multiunits A Step by Step Guide
Seven out of every 10 millionaires have made their money in real estate investment. But, unlike many real estate investors, the truly wealthy focus on commercial real estate, specifically multi-units (apartment buildings). Yet, investing in apartment buildings can be a daunting proposition for many would-be and seasoned investors. Gregory D. Warr, Wall Street trader, real estate investor and nationally renowned trainer, demonstrates how the benefits outweigh the risks – there is less competition, fewer limitations in the market and better turnover necessary to make money for multi-unit investors. He has built his profitable real estate portfolio from the ground-up using his own proprietary strategies for investing in apartment buildings. In his book, Make More Money-Investing in Multi-Units, Warr outlines the process for acquiring apartment buildings and managing a successful business investing in commercial real estate.
Drawing from his success, you will learn to:
• Identify the best markets to locate properties with the greatest potential for success
• The process that determines what properties yield the greatest returns •Acquire buildings with little or no personal capital
• The three best structures to negotiate an offer
• The 1 team member that will make or break your investing career and how to find him or her
• How to help others and communities by giving back
User Ratings and Reviews
2 Stars Strategy but little substance
This book has a sound strategy in investing in apartments of 10-25 units. However, when the author attempts detailed explanations, they’re either confusing or wrong.
An example in his section about structuring your business, “I recommend structuring each property as a separate corporation…”. No mention of using an LLC, the preferred real estate business structure. Then the author goes on to talk about partnership structures, while not mentioning the LLP structure (nevermind the corporation he advocated 3 pages earlier). Then he says everyone who contributes is a partner, including the bank from whom you borrow. The bank as a member of your legal partnership? I don’t think so, but this is an example of the lack of clarity and ensuing confusion that comes from this text.
The author talks about tax advantages to entice doctors to as partners, while completely failing to discuss what the investors tax advantages are when investing in real estate. Talk about missing the big picture.
4 Stars Overall good book
Overall good book. Deals with partnerships and different ways to structure them, which I have not read before as detailed as in this book. However, it leaves a couple of questions unanswered. The rest of the book is comparative to any basic/intermediate real estate book. Small investors looking for ways to grow should consider reading it.
5 Stars Yuriy Z
This is a great book for an investor who is new to real estate or for a real estate investor with some experience like me who is serious about real estate and understands that to be very successful, learning from seasoned, very successful investors like Gregory Warr can give you a huge advantage and help enormously in achieving the goal. For those of us without rich dads, being able to learn about “tricks of trade” straight from the source is invaluable.
I read the book from cover to cover on the day when I bought it. The book is easy to read and full of valuable and practical recommendations such as: invest in low- to middle-income housing as more people are looking for low- to middle income housing than those who are looking for high-income housing. Mr. Warr shares some insightful ideas about financing of properties, structuring the offer and negotiating, and managing multiunits. The book bursts with energy, which is very contagious.
It clearly shows that it is possible to create wealth and stability investing in multinunits and guides you how this can be done. The best part is that Mr. Warr shares a lot of his personal experience, so his examples and recommendations are very convincing.
After reading this book, I felt like a new door is now open for me. I am looking forward to closing on my first multiunit.
5 Stars So Easy, My 11 Year Old Understands It!
When I start in a new area of business, I am always afraid that I will pick up a book that is way over my head. This book really IS an easy to understand,”Step-by-Step Guide”! The glossary in the back of this book is worth as much as the rest of the book. I highly recommend it to anyone who is interested in Multiunits. Also, if you get the chance to sit under Greg’s teaching in person…DO IT!
5 Stars Great information easy to follow
I have read and followed the steps in Greg’s book and have purchased my first multi-unit property.
The book is written in a simple format and easy to follow the steps to purchase multi-units.
Read and take all the pointers and buy units –it is the way to financial freedom.