Pay One Year’s Rent or Mortgage with One Small Apartment Deal

Posted on Feb 2 2015 - 3:52pm by 2!xMyNQ#FV8h4U
Lance Edwards Real Estate

Lance Edwards

If I could show you a way that you could pay for an entire year’s rent or mortgage with one small apartment deal, would you do it?

Of course you would, especially if I told you it could be done with no cash or credit of your own, and you can even start at the same point as many others in real estate investing yet make three times or more.

We’re talking about wholesaling small apartments and multi-family deals, and if you are already flipping single-family homes or you haven’t done a real estate deal in your lifetime, you will discover how to leverage your time and energy, and build wealth faster than you thought possible.

In This Lesson, You Will Learn:

  • Single-family flips pay very little for lots of work
  • How small apartments pay out three-times more per deal
  • The power of leverage that comes with multi-family real estate

Here is a look at the sample house flip:

  1. You place a house under contract to purchase
  2. You find an end buyer
  3. You sell your contract to that end buyer, and you never own the property.

For all that effort, you will earn about $2,000 to $5,000 for this house flip. Frankly, that’s a lot of work for only $2,000 to $5,000.

Henry Serrano - Lance Edwards Real Estate

Henry Serrano is one of Lance Edwards’ star students, and a member of the Circle of Champions.

But, let’s contrast that in the area of making more for our time and effort. I want to talk about one of my star students—one of my Apartment Champions—who lives in California, and does real estate on the side.

Henry Serrano used to wholesale houses, making that same $2,000 to $5,000. But, like so many others, he wanted to find a way to leverage his time and energy. He began working smarter, not harder, and he flipped his first triplex deal.

He found the deal, he found a buyer, he flipped it and made $16,500 on that flip. That’s three times the high end he could have made by flipping a house.

Using a strategy called Peas in the Pod, which I teach about in my No. 1 Best-Selling Book, “How to Make Big Money in Small Apartments,” he was able to repeat the process and in the span of 60 days, made $10,000 on a second triplex deal he sold to the same buyer.

So, for those of you following along, he made $26,500 in just 60 days part time while marketing the same triplexes to the same buyer, and he was able to cookie-cut, getting leverage on his time. Leverage on his effort.

He never owned these properties. He put them under contract, and by the way, he put zero of his money in the deal. He did have to send out about 100 letters, so he had to buy some stamps. But that’s it. This is why my very first mentor pushed me to start in apartments.

One single small apartment deal can pay your entire mortgage or rent for a year. If you make $16,500 this year on a single wholesale deal, that’s almost $1,400 a month over 12 months.

What if you only make $10,000 on a multi-family deal, like Henry did on his second triplex? That’s still $800 a month. That will still go a long way to paying your mortgage.

With small apartments, the payday is higher and it comes much faster.

You can do it, and I’ll show you how. Get a free copy of my best-selling book, “How to Make Big Money in Small Apartments,” here==>