Welcome to Multifamily Passive Cash Flow For Life
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Multifamily Investing 101
In this free course, Nicheole Amundsen with her 25 years of experience gives you an introduction to Multifamily investing - why it is the surest and safest way to build generational wealth, what type of properties she buys, and how to find the right market. You will find Nicheole's honest and direct style of teaching refreshingly different from other REI "gurus" as she gives you the full picture when she pulls back the curtain on one of her properties in her case study. Finally, she discusses what it takes to achieve long-term success in real estate investing and guides you through your next steps.
Build Wealth Through Real Estate Investing Virtual Masterclass Recordings
In this 6 packed sessions of the recent Build Wealth Through Real Estate Investing Virtual Masterclass, you will discover Nicheole's secret strategies for single-family acquisition that you can use in today's sellers' market. She also revealed what actually works in TODAY's multifamily market. Bypass all the mistakes new commercial real estate investors make… so you can start building a portfolio that turns into bigger and bigger cash flow in the form of rent checks... month after month!
Get Lifetime Access To ALL 36 ADVANCED COURSES Below When You Sign Up To The Multifamily Passive Cash Flow For Life System
Getting Ready To Invest, Team, Overview of Acquisitions
What's Inside PassiveCash Flow For Life
Welcome to the inside of Passive Cash Flow For Life. Watch this video first, it will help you navigate through the PCFFL system.
Getting Ready To Invest
In this module, you are going to learn about some of the basics you need to have thought about or have in place before you begin to find properties. This includes first and foremost; getting and keeping the right mindset. (It really 90% mental.)Without a doubt the biggest key to success is the mental. You are going to learn what is included in this online graduate education level course.
Finding Your Investment Market and Building Your Team
In this module, you are going to be learn ways to identify the market(s) you want to invest in. We will disclose our SECRET WEAPON to find the BEST emerging and/or great markets to invest in that most investors know nothing about.Commercial real estate is a team sport so building both your national and local..
Getting a Jump Start With Small Properties
In this module, we will focus on buying small multifamily properties or even single family units that you plan to buy, hold and rent. We focus on getting started with the types of properties where you are most comfortable. We will discuss how the properties are similar and how they differ from somewhat larger multifamily properties. The key is GET STARTED.
Funding Deals
Syndications and Raising Private Money Part I
In this and the next module, you will learn what is required to syndicate a deal; to raise money from others to pay for your deal. In this module the focus is on the most common types of syndications and what they mean. We spend a fair amount of time talking about the laws related to syndications, what constitutes a security (and, therefore, is regulated by the SEC (Securities and Exchange Commission)) and what types of deals are not securities. You will learn what documents make up an offering and what how you can and cannot provide information to potential investors.
Syndications and Raising Private Money Part II
The second part of this presentation focuses on what you can and can’t say to potential investors, how you find these potential investors and what information you need to provides them related to your deal. You will learn how to establish and document relationships with investors and the need to assess their suitability to invest in your deal. Finally, you will learn something about the less common types of syndications and what is entailed in these. In this module you are provided a crosswalk of each type of syndication and what is required according to the law.
Marketing For Investors
In this module, the focus is on creating your marketing materials related to raising private money, including a prospectus on a property that you are contemplating buying. You will learn about developing a short credibility document for potential investors and a longer credibility kit to be provided through a PowerPoint Presentation. Finally, you will learn more about nurture marketing and building longer-term relationship with potential investors and why typical marketing pieces generally don’t work when trying to raise private money in larger sums.
Ways to Finance Deals
Module 19 focuses on using banks and other types of lenders such as Fannie Mae to fund your deals. You will learn what goes into a bank package and how to present that to lenders. You will learn some basics about other types of loans and loan products, where to find them and what kinds of properties work best for these loans. We will talk about what lenders are looking for toady and how best to provide that information.
Learn How to Analyze
First Level Review
In this module, you are learning the first steps in analyzing properties. As in any real estate, al lot of this is about numbers. The number of properties you have to look at to find one that works and to understand clearly what you can afford to pay for a property if you are to make money. In this module you will learn how to do a first level analysis (called a sniff test) in 10-15 minutes with the goal being to understand if this property is ....
Analyzing Deals and Using a Financial Calculator
In this module, you will learn some common ways you can improve the value of your property through what we call “Value Adds.” In this module you be introduced to an apartment building that we will use throughout the rest of the modules and you will begin to practice what you have learned about analysis using this example. ...
Analyzing Deals Part Two
In this module, you are going to learn the specifics of how to accurately determine your acquisitions costs and how that determines your return on investment and/or cash on cash return. You will understand how to fairly accurately determine your out of pocket expenses and which of those .....
Analyzing Deals Part Three
In this module, the focus is on identifying the ways you can add value to your properties through the implementation of various strategies. You will learn how we take these goals for the property and monetize them, understand when each is to be implemented and how much accomplishment of that goal will improve you NOI (Net Operating Income) and....
Exits
This module finishes up our analysis learnings. In this module you will learn how to make sure you have viable exits when it comes time to sell or refinance. You will learn how to calculate what your investors’ overall cash on cash return should be and three common exit strategies. We will discuss ideas for continuing on in the deal if the exits...
Electronic Analysis Forms and Instruction
While previous modules have shown you how to complete the analyses using paper and pencil so you understand how to calculate databases which are so much easier and faster but also with so much room for error, if you don’t understand what goes in each cell. You are going to practice on the same example we have been using.
What We Buy and Why
Buying Apartment Buildings and Small Multifamily Properties
In this module, you will learn the what to look for in apartment buildings and small multifamily properties that are five units and more. You will come to understand what makes a good deal and what to stay away from. We will discuss a number of ways that you can increase the net income of the property, decrease expenses, thereby increasing the value of your acquisition.
Buying Self Storage Properties
In this module, you will build on the basic information you learned in Module 6 as it relates to buying self-storage properties. As in apartments at the end of the module you will know what makes a good deal, several ways you can increase the value of your self-storage purchase and ways to add other income streams from this type of purchase...
Buying Manufactured Home Parks
In this module, you will again build on the basic information you learned when we talked about buying apartments but now it will be applied to the purchase of Manufactures Housing Communities. You will learn how these parks differ from apartments and what value adds are typically associated with them. .......
Make Offers, LOI and Closing
Negotiations
The key to success in many, many endeavors is how well you can negotiate with another party. In this case, usually the seller. You will learn to focus on what the key need(s) of the seller is/are and how you can craft an offer that addresses your ability to meet these needs. In commercial real estate it is really about how you craft offers where both parties can win. If you try to win and don’t consider the seller’s....
Acquisitions Process
In this module, you will learn the basics of the acquisitions process. You will learn about how to make initial offers through Letters of Intent and other more casual approaches to determine a seller’s interest in what you can offer. From there, you will learn about counters and coming to an agreement on terms. Finally, we move to the contract including what that entails and how you engage attorneys to review/write the contract.
What to Offer and What You Need to Raise
At the end of this module, you should be able to calculate how much you can reasonable pay for a property, how to determine how much money you will need to bring to the table at closing which will be your total acquisition costs and generally reflects how much money you will need to raise. This module also includes a presentation on when you should explore...
Creative Buying Strategies
Module 35 focuses on the less typical ways you can buy a property such as when to close, the use of repair allowances to improve your cash on cash return and various ways to make offers that may increase your NOI such as assuming loans. Equity sharing, conduit/bridge loans and equity sharing. You will learn something about when seek various types of loans and the pros and cons of each.
Due Diligence Before the Site Visit
This is the first of two modules on due diligence. The first half of this presentation focuses on introducing you to our 26-page due diligence check list and how we go about getting the information that we need prior to site visit. In this module we will focus the due diligence we complete BEFORE we go for our on-site visit. That includes understanding the local markets, the financials for the property, information related to employees, taxes, insurance, and some of the basic legal information we will need to close.
Due Diligence; The Site Visit
The second module is focused on developing your understanding of everything you are going to need to do once you are on site. In this section, you will learn what you need to do to understand the community where you are investing, your competition and what they are doing, and going through all aspects of the property thoroughly. You are provided with a template to build your site visit schedule, which includes meeting in the community, at various community agencies such as the tax department, the police, etc...
Repositioning and Rehabbing Commercial Properties
In this module, you will learn the basics of rehabbing (repositioning) commercial properties and what goes into this. The focus of this module is on finding and using great contractors and construction PMPs (Project Management Professionals) to do this work for you. You will learn some of the basics of where to start how ...
Closing on a Property
In this module, you will focus on two areas. The first is working with investors to get their money into your attorney’s escrow account and how you need to track and pay attention to this. We will discuss communications with your investors both before and after closing. The second key area in this module is our three months to close checklist which tries to identify all tasks you need to accomplish from the time you have a signed LOI until you close. This includes an action item checklist that is mainly focused ...
Planning and Executing on that Plan
This module focuses on the development of your strategic and tactical action plan for the property for your first year of ownership. You will also begin to learn about the development of a budget for the property and how you set up and monitor performance measures related to the operation of the property and your goals and tactics.
Creating and Managing to a Budget
In this module, we will take a deeper dive into the development and implementation of a plan and developing and managing to a budget. You will focus on how you and the property management company manage to the plan and the budget. You will see examples of an actual property budget with targets, a completed tactical plan and an example of a financial report on a property.
Property Management (PM) 101; The Basics
This module is the first of five modules that each address different aspects of managing the property and the property management company and the property manager. The first and maybe the most important part of managing a property is hiring the right company to manage your investment; therefore, we have provided you with a list of interview questions for property management companies and we will discuss what we are looking for related to each questions as well as typical rolls for Property Managers. You will also be introduced to what you need to do to develop a local team that will help going forward and who should be included on this team.
Management
Property Management II; Measures and Reports
This module focuses on your contract with the Property Management Company. You will learn about key points and clauses that need to be included in the contract. If you are using a PM companies contract, you will learn what clauses are important to include in an addendum You will learn what are thought to be typical things that the PM company does for its clients and what is typically included in their basic fee structure. You will learn more about what is included in your addendums such as goals, objectives, measures and bonuses.
Property Management III; Managing Residents
You will learn about common issues related to managing and service your residents. This module focuses on way to treat your residents like the gold they are, ways to improve your income while making residents feel better and tools and tricks we have used over the years to provide both carrots and sticks to get residents to comply willingly with your requirements. You will also learn about methods we use to manage tenants that are non-compliant with our rules and leases. We will also introduce you to some templates we use to help manage these issues.
Taking Over a Property
This module focuses on the approaches we use when taking over a property to include Bringing in a new property management company when we buy, leaving existing property management in place when you buy and what it is you need to do when you fire a PM company that has been working for you but is not performing up to your standards. Lastly, you will learn some general lessons we have learned over time about working with PM companies over the last 15 years or more.
Management IV; Tips and Tricks for Managing Properties
In this module, you will learn a number of ways we use to increase our income including some rather unusual additional income streams. You will understand how we do and do not use typical leases and House Rules and when we use each. You’ll learn about the many forms that are available for almost any situation; what we give potential residents when they come to view the property as well as what we give them when they move. It.
Long Term Success
Property Management V; Managing for the Long Haul
Module 30 talks about managing properties over time and how you set yourself up so eventually you are spending less than an hour a month in reviewing your property and how it is running. We’ll discuss what is the PM company’s responsibility vs yours, as the owner. We’ll go back over the reports you should be getting monthly and talk more about how you read them and what you should expect.
Working with Investors Going Forward
In this presentation, we will focus on ongoing communications with investors after you close. This also includes communications, understanding investor needs and expectations and what types of issues/incidents we typically tell investors. You will learn how we work with investors over the time we hold the property and how we leverage them to fund other deals going forward.
Running Your Property as a Business; Part I
In this module and the next, the focus of your learning is on managing the property like the business it is. In module 33 we will discuss buying the property in an entity, bank accounts, accounting/bookkeeping, payroll, employees/staffing, taxes, unemployment insurance, workers compensation, etc. We will spend some time discussing the differences between an employee and a contractor (1099 worker) and what rules are used to define a worker as one or the other.
Running Your Property as a Business; Part II
This module focuses more on the business you are running that is NOT directly related to the property. You will learn about how completing taxes works for properties and what the process is. You will come to understand ideas related to insurance for the property and the business, record keeping, websites and how to manage customers. Finally, we will talk more about what is the responsibility of the owner vs the PM company.
Buying Commercial Notes, Foreclosures and Short Sales:
Finally, if you have gotten to this module you are to be congratulated and this is an extra and a reward for being so diligent. Here you will learn the basics of buying commercial notes directly from lending institutions, how short sales work in commercial and where you might be able to find these deals. Finally, we will discuss how foreclosures are the same and how they differ in the multifamily world and where you might be able to find and buy these deals.