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Whether you’re new to the Apartment buying game or you’ve been in this business for years, this is a valuable podcast! Jim talks to Jerome Myers, of Myers Investment Group, about how to find and fix broken apartment buildings. Here are the some of highlights of this info-packed conversation:
- How Jerome got started in the business of buying apartments.
- Jerome’s motivation to leave corporate life and how he got into his first joint venture
- Current interest rates… how they can work for you
- Why this is a great time for creative deal structuring
- What does a “broken” apartment complex with fixable problems looks like
- How do you increase rent … and why you don’t want to increase it too much and too quickly
- Retaining your current tenants vs. the cost of fixing up a unit between tenants
- Why you should start small (smaller units) and work your way up
- myersmethods.com (A great deal at $29 a month!)
- Mid-Atlantic Multi Family Conference: July 31 – August 2. This is a great opportunity to learn and network with other like-minded people
- Facebook group: Myers Methods Presents Multi Family MisSteps
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