Chapters 1 - 4

Chapters 1 - 4

1. Check In:
I learned a lot through reading this first section (Chapters 1-4). Some things that really stood out were the NAI website. This site should be of great value. I “re-learned” what to look for when determining what areas to invest in. I also had a “re-introduction” to various ways at increasing the value of a property through such things as rehabbing, cutting expenses, etc. Good things to never forget.

2. Main Points:
1. He puts a lot of focus on the “How” but even more focus on the “Why.”
2. Have a solid Plan. (Entry, Middle, Exit)
3. Have Goals, know your Motivation. (great story of the child and his dream of a ranch)
4. Win over your Fears.
5. Reasons why investing in large apartment buildings are beneficial to single-family units.

3. Questions:
1. Is there a specific number of units one should focus on in the value play strategy or can this same strategy be applied to all types of units?
2. What is the difference between the different types of apartment classes (A, B, C)?
3. What format or type of presentation would one show a bank?
4. How can one implement this section of the book into their plans, or into their current system? (Good question for every one to think about)

4. Request:
1. To find out one interesting thing from at least to people from this forum (dealing with real estate, or just life in general)
2. Begin the process of evaluating a potential deal.
3. Come up with a written plan for the above deal.
4. Direct one other individual to this forum page to participate.