APARTMENT CASH FLOW REAL ESTATE PRIVATE MONEY 101 denis fasset

Everyone can see how buying your first apartment with cash flow can be daunting, confusing, and complex. But it certainly doesn’t have to be for you. Besides learning from my experiences in this course, there are exactly 8 other people that it’s essential for you to find and get to know

APARTMENT CASH FLOW REAL ESTATE PRIVATE MONEY 101 denis fasset

Dear friend

Be honest. You’ve always been intrigued at the idea of owning your own apartment building, haven’t you? I can’t blame you. Who would blame you? After all, the benefits are rather exceptional, and speak for themselves…

Maybe it’s a desire to increase your reliable flow of cash income each month…
Or maybe you’re drawn to the thought of giving your net worth a notable infusion…
Maybe you know you need to take the raging retirement bull by the horns to ensure you’re able to sustain the lifestyle you enjoy and deserve…
Or maybe you simply realize the ridiculously rare opportunity today’s market is serving up on a silver platter is just too good to let it pass by…
Whatever your motivation, if you want to discover what it takes to invest in your first apartment building, then congratulations…

Youjuststruck

Paydirt
Are you looking to buy your first apartment? I’m here to help make that a reality. It takes only 90 days to do this. The best part? You get to learn from my real-life experiences. These are directly from the trenches in this real estate market. The good, the bad and the ugly…I’ve seen it all, done it all, and now I’m baring it all to you. You can cut a lot off your learning curve.

Briefly: Who I Am, and Why You Should Care…

Hi, I’m Dennis. I got into real estate investing because of fear and necessity.

I’m a corporate guy — former investment banker with an MBA in finance — moved into the automotive industry in Detroit, until it tanked, slapping me in the face with just how “unsafe” I was. I was scared and realized that I had good reasons to be.

I took matters into my hands and researched a wide range of business options, including MLM, franchises, and MLM. Eventually I came to realize that rental real estate — and especially small-to-mid size apartment building — was by far the best, safest, surest way to build the financial safety net I know my family deserves.

After I put my mind to it, and had learned enough to purchase my first cash flow apartment building of medium size, it took me only 90 days. It was a learning experience for me and I made many mistakes. However, I still own the building and it continues to work well for me.

I’ve picked up a few others too. I have now amassed over $3million in rental property, which I manage almost entirely myself. I also keep a full-time job that I love.

The fact is, I’ve cracked the code on how to do both worlds well… That is 1) how to buy a really great, first-time real estate cash cow, and 2) How to do it all (and manage it) while keeping the full time job I really love.

It is a common question I receive about the process and how to do it. And it’s an adventure, let me tell you…but the rewards are handsome and so worthwhile.

WhichisexactlywhyIdecidedtoblueprintthewholeshebangfromstartto

finish.
I took a step back to challenge myself to address two very big and very important questions.

QUESTION #1: What does the whole process look like from start to finish?From the steps you take, to who you talk to and when…from the criteria I use to the specific type of apartment I’d choose (and the one’s I wouldn’t)…soup-to-nuts…A-to-Z…
QUESTION #2 – What would I do differently if it were over? This is about learning from my failures. You can help others (just like you) cut down your learning curve.
Answering these two questions well — I mean really doing them justice — well, frankly it became my obsession for a few months. I was determined to see the entire process systemized so that everyone could follow the steps and do exactly what I said. I ended up investing wisely in my first cash flow apartment and making a lot of money.

After many months of heartfelt labor, I’m happy to report that the end result is even better than I originally envisioned it would be. It is truly one of my proudest accomplishments. It’s a little something I like to call “Apartment Cash Flow 101″.

So let’s take a look and see…

“What’s

Inside?”

Get APARTMENT CASH FLOW REAL ESTATE PRIVATE MONEY 101 denis fasset Get it now.
Module 1: The First Things First

I believe simplicity is the best way to go. It starts at the beginning. The view is breathtaking and sets the stage. You’ll learn…

……Exactly where you’re going (what’s ahead in the training)

……What you’ll be learning every step of the way

……How to best consume and digest it

……How to get the most out of it possible

……A little more about me, and my experiences

……A look at the specific type of apartments I target (size/price range) and why

When you walk into a new shopping mall for the first time with no concept of how it’s laid out, what’s the first thing you want to do? Locate the mall map!

That’s what this module is. It’s your “mall map” The rest of the course. A starting point, that’ll show you exactly where we’re going and what’s in store.

Module 2: Why Apartment Buildings
Before you can understand the “how”It is important to start by understanding the concept. “why”…and maybe even more importantly, the “why now“…

……What’s the situation with commercial real estate in today’s market?

……Apartment buildings vs. other commercial real estate

……Do the Work ONCE: Cash flow now and cash flow later

……Tax Benefits NOW: Why do you think the rich buy real estate?

……1995 vs. 2006 vs. today

……Where do apartment building fundamentals stand today?

……The coming commercial foreclosure tidal wave

……Why apartment buildings are the right vehicle

This module provides the foundation for other modules. If you don’t understand the “why” Then the “how” doesn’t really matter that much, does it?

Module 3: 8 People You Need to Talk To When You Get Started (and Why).

Everyone can see how buying your first apartment with cash flow can be daunting, confusing, and complex. But it certainly doesn’t have to be for you. Besides learning from my experiences in this course, there are exactly 8 other people that it’s essential for you to find and get to know. They are my friends. “The Great Eight” and this module is all about how to find and approach them, so you can…

……Protect yourself from buying a lemon

……Connect you with the best financing options for your unique situation

……Help you understand the true value of any apartment building you’re considering

……Protect your investment in all the right ways

……Manage your property and your tenants, without taking over your life

……Protect yourself from liability, during and after your acquisition
Module 4: Your 7 Essential First Steps

Connect with other people, too “Great Eight” (see module 3), I’ve also found there’s a handful of other important items you’d do well to process in advance of buying your first cash flow apartment building. I’ve boiled it all down to seven key steps I definitely recommend you take first.

These seven important steps are all about helping you…

……Eliminate your knowledge gap

……Set up your base of operation for your first apartment endeavor

……Protect yourself from personal liability as much as possible

……Create your business entity

……Get yourself setup and ready to “do business”

……Assess the resources you have available to you (i.e. cash, time, family support, etc.)

This is basically about setting yourself up to succeed right away.

Module 5: Reality Check
Did you know that there are so many popular industries? “gurus” They are determined to paint the most realistic and realistic picture of apartment investing. Because sizzle sells.

It’s sad but true. And leads far to many of us down a primrose path we’re certain is lined with rainbows and puppy dogs…until we actually walk it, and get a dose of how things work in the real world. Perhaps you can relate.

Don’t get me wrong – I wholeheartedly believe the fruit has never been riper – the opportunity never hotter – than right now for buying your first cash flow apartment building. But it’s only right, in my view, to give you as accurate a picture possible of what that really looks like in the real world. And that’s exactly why I’ve dedicated an entire session to it. Here’s my chance to clarify the facts, dispel myths, and give you some reality.
“First and Foremost I’d like to personally thank Dennis Fassett for providing such great content. I am too analytical at times, and I’m glad this program showed me Step by Step on what I need to do in order acquire my first apartment building. Unlike other programs, leaving me wondering what to do next, Dennis really lays out a treasure map for all of us to use.”
Christopher NiekraRestaurant Manager & Certified Personal Trainer
Module 6: Which product should you purchase?
Here is where it gets down to business. In this module you’ll discover…

……What are my overall goals in buying an apartment?

……What’s the #1 most important criteria you should be looking for?

……What’s my 2nd most important criteria for a new apartment acquisition?

……How many units do I recommend if you’re self-managing?

……How many units if you’re hiring a management company?

……What type of buildings specifically do I prefer, and why?

……Roofs: pitched or flat?

……Construction: Brick or frame?

……The huge importance of consistent rental demand

……Plus a lot more.
Module 7: Where should you buy?
Location, location, location. We’ve all heard it, right? It’s a timeless real estate truism, but it’s actual application can be a bit more challenging. Sure, location matters…but which location? This module focuses on answering this question with regard to your first apartment purchase.

We’ll discuss your goals, and why they make a big difference in your choice of location. Do you want to explore the higher-end or lower-end? Or somewhere in-between? Are you looking for country, suburbs or city? How important is transportation and shopping?

My goal is to share some of my personal location criteria with you and then to help guide you in choosing the right target locations. This will be based on what you truly want and where you are located. Don’t miss this – it’s a paramount decision to think through.

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Module 8: Where can you find great deals
We will show you how to find the best apartment deals in your area. It has much less to do with location, and more with tactical methodology – how to actually zero in on the apartment deals you’ll want to seriously consider buying.

We discuss commercial brokers (old-school and new), the internet as well as Loopnet, Craigslist, Realtor sites, and the MLS.

Basically I’ll cover my personally preferred methods, how I found my apartment deals personally, and my opinion of how much weight and time you should give each of them.

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Module 9a: Deal Evaluation–Terms You Must Know

The truth is that buying your first cash flow apartment does not require rocket science. However, you will need to be able to comprehend the terminology and the ways to use them. So this is where you wrap your mind around concepts like…

……Net Operating Income (NOI)

……Capitalization Rate (Cap Rate)

……Debt Coverage Ratio (DCR or DSCR)

……Cash-on-Cash Return

……Cost Per Door / Cost Per Unit

And I’m not just defining them for you. They are actually discussed together as we work through some examples of how they can be calculated. These concepts are critical, and by the time we’re through this session together, you not only understand how to work them, but why they matter so much in your due diligence assessment.

Module 9b: Deal Evaluation–Practice!

This is where you get in the game!…sort of.

This session will prepare you for the real world and get you going to practice calling junk leads and evaluating high-level deals. Just to get your feet wet, get you used to the process, and help you work out the kinks on deals that probably won’t matter that much to you.

It is an entirely new world, and I am sure many of you will find it daunting. It can be intimidating at first. But practice makes perfect! And that’s exactly why I dedicated a whole module to it.

I’ll tell you what questions you should be asking and what information you need to be gathering from the sellers, then I’ll set you loose to give it a go yourself.

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Module 9c: Deal Evaluation–Let’s Make It Practical

“So It Is A Good Deal?” It’s a question I get asked all the time. Unfortunately, I can’t answer it fully for you. Based on my criteria, you can determine if I would pursue a deal. However, you are the only one who can make that decision. My job is only to assist you in this endeavor.

So in this session we break down an example deal together, and I help you walk through the decision making process…

……Is it a good fit with your resources & constraints?

……Does it meet your personal ROI criteria?

……What do the exterior tell you?

……What does the rent roll tell you? What is the cap rate? Cost per door? ROI? Financing?

When we’re done with this session, you’ll be much more comfortable with deal evaluation on your own terms.

Module 10: Making your Offer

Here’s where we walk though how to actually make your offer, from start to finish. Do this wrong, and you’ll look dumb at best and probably won’t even be considered a viable candidate. Do it right, and you’ve got every step covered brilliantly.

Together we’ll uncover…

……What’s the first step of the formal purchase process?

……Letter of Intent vs. Purchase Agreement – Which to use when

……What’s included in a good letter of intent?

……What are the essential contingencies to be sure and include?

……How long of an inspection period should I reasonably ask for?

……When does the click start ticking?

……An example of an actual timeline

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“This course is like having a personal coach walk you through the entire apartment buying process. The information provided is an inside look into the detailed steps of apartment buying. Dennis’ team is first rate and I am confident that I could sign my name on a deed this year by following his program.”
Andy Nemeckay3rd Party Logistics Planner
Real Estate Investor

Module 11a: So Your Offer’s Accepted…Now What??? (Part 1)

So you’ve got a contract. You’re now free to relax. Hardly! This is where the real work begins. It’s time for your real due diligence process…time to gather…verify…gather more…and verify again…

……What should your due diligence ABSOLUTELY encompass?

……Which items are optional, but should be considered?

……Why does the order of your due diligence process matter so much?

……How to save money and hugely reduce your financial risk during this time

……Which FOUR Operating Statement numbers should you end up reviewing?

……What operating data should you look for?

……How do you verify the actual operating data the seller gives you?
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Module 11b: So Your Offer’s Accepted…Now What??? (Part 2)

A continuation of the previous session, because it’s too much to squeeze into just one lesson! In this session we cover together…

……How should you handle any material differences you uncover?

……Solvable problems vs. deal breakers

……How and when should you renegotiate?

……What is “Phase One Environmental” How important is it?

……The importance of doing things in parallel!

You’ll not only learn about these things in theory, but also from the real-world perspective of one of my previous deals, which I renegotiated a number of times during due diligence, before we finally decided to close. This is the way it works and you should be able to see it.
Module 12: How to get it funded and closed

Finding the perfect smoking apartment deal is just one thing. It’s another thing to finance it. Let’s take a realistic look at the situation together. The truth is that easy commercial mortgages are long gone, but you can still get the bank backing that you need. Some critical questions we’ll be answering include…

……What is the commercial mortgage process like today?

……Owner Financing: Viable in today’s commercial arena?

……What about borrowing private financing from an individual?

……What do the owner financing and private financing process look like?

……How about underlying financing? You can just take it over.

……What about the Self-Directed IRA?

……What about partnerships with a money partner?

……Once you’ve got your due diligence and financing done…what final steps to close?

Module 13: Case Study – My First Apt. Building
Here’s where we see how it all played out in the real world on my very first deal — a transaction that certainly wasn’t without a few mistakes (that you don’t have to make), but that I also still own today. It continues to be my cash cow month after month.

After a brief review of the 10 steps of acquisition we’ve covered in previous modules, we’ll take a closer look at my first apartment investment together, including…

……Size: How many was it?

……Location: Where I bought, and why

……Features: Type of exterior, roof, utilities setup, etc…

……Numbers: Cap Rate, ROI, etc…
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Module 14 – Six Months to Stability & Cash Flow
Let’s face it – we’re not buying an apartment building just for fun. We want to make money…good money!…as quickly as possible! This chapter will discuss how to not only get started but also how to set yourself up in the first six months to make as much stability as possible and to generate as much profit as you can. We’ll talk about…

……Filling vacancies quickly

……How to being your net tenant-marketing before you even close

……Special tactics, like rent specials, referral bonus programs, etc…

……The “Under New Management” tactic

……Culling the herd – setting existing tenants straight

……How strictly should you enforce new rules on old tenants?

……7 day notices

……When to market for new tenants

……Signage tactics
Module 15: Important Lessons Learned

I’m handing you a huge edge here, in the opportunity to learn from my mistakes. Make no mistake, I’ve done quite well with apartments. But there are definitely a few things I wish I’d done differently, and I simply must pass these invaluable lessons on to you. That’s what this session’s all about. You’ll learn…

……My big lesson about when to pay for your inspection (and when not to)

……Why it matters so much what time of month you close

……What I learned about accurately assessing the units beforehand

……My mistake about relying too much on the owner after closing

……My big “resident manager” Goof

……Why I’m buying as part of partnerships now

……One huge thing I should have negotiated, but even didn’t think to

……My big (costly) EMD mistake

……And much more

Module 16: Your 90-Day Roadmap to Buying Your First Apartment Building
Here are your congratulations. It’s time for scotch and cigars, because we’ve now covered my entire blue print together, and you’re ready to go out and buy your first apartment building.

This short session will connect all the dots to show you how this can be achieved in 90 days.

Remember, my first apartment building only took me 90 days from contract to closing, and I’m no different than you. Now you have my roadmap. And yes, it is possible to do this! This module shows you step-by step how your timeline should look.

And by this point I’ll be saying…

“Congratulations,you’renowexpertlyequippedandreadytogobuyyourfirstcashflowapartment

building!”
“Buying an Apartment Building is my next goal. I currently own single family rentals. By attending Dennis’s How to Buy Your First Apartment Building workshop, I gained the Knowledge and confidence to make that purchase. Two of the items that help me immediately was Inspections and Tenant Screening, because I’ve used this information in my current enterprise. Dennis Thank You for sharing your expertise.”
Allan CassellElectrical Operator
IcingontheCake:ARidiculousArrayofUnique

Bonuses…

Now what you’ve seen so far (above) is the very heart and soul of my blueprint. Consider it your core training.

But the thing is, I’m hopelessly dedicated to making sure you have no excuse for not taking action and moving forward in this. I don’t want anything standing between you and your first apartment building investment, so I’ve created a really incredible array of “bonus” sessions — or better yet, let’s call them “amplifiers”, because really they’re designed to amplify your core training, on an as-needed basis.

Another way to put it, I consider core-training (above) essential. What about the amplifier session? They’ll kick things up to the next level.

But please…PLEASE do not make the mistake of letting yourself feel stressed out about going through all of the “amplifier” sessions you see below – I know it’s a lot of stuff! It should be viewed more as an amazing buffet of additional training that you can select from when you have a particular need or desire to learn more about a particular area.

Take a look and you’ll see what I mean…

Bonus 1: Study Guide “Cheat Sheets” All 10 Modules (Value $270)
I’ve mentioned before that my goal is to completely demystify buying your fist apartment, and make the whole process as simple and straightforward and possible. It stands to reason you should get the most out of every training session.

With this in mind, I’ve included a downloadable “cheat sheet” study guide in PDF format — one for each and every module.

Our goal is to engage you in multiple forms to help you learn and retain the most. So you’ll find each “cheat sheet” This document outlines the key points of each module. It also contains blanks that you can fill in as I go through each module. When you’re done, these “cheat sheets” You will be “Cliff’s Notes” The entire course.

Bonus 2: Video Case Study A – UD Manor Apartments (Value: $97)
UD Manor was my second apartment building, but it would have been a great choice. “first timer” building. All aspects of the building were excellent, including its location, condition, occupancy, history, and maintenance. However, in this case, it was the “story” It was actually this that made the deal possible.

This case study is designed to demonstrate three things.

1. This is how a first apartment building looks

2. You need to look beyond the listing ticket to fully understand the seller and their motivations “story”, so you’ll know what is motivating them.

3. What an eye-popping ROI looks like & why there’s no such thing as a free lunch

Bonus 3: Video Case Study B – Park East Apartments (Value: $97)
Park East Apartments is a complex of 45 units in the suburbs of Metro Detroit.

It’s a fantastic building – great location, excellent condition, lots of updates, outstanding operating history, seller financing, and a seller “story” That made perfect sense.

I went after this building – hard. I didn’t get it because we couldn’t come to terms on the price, but I created this Case Study to show you another near-perfect example of what you should be looking for when you’re buying your first apartment building.
Bonus 4: Case Study C – The Evil “Black Hat” Seller (Value: 97)
This was my baptism by Fire.

The very fist deal that I pursued – the one that I had under contract in 90 days – died a couple of weeks prior to closing due to an evil “Black Hat” seller. You’ll hear the whole sordid tale, but to cut to the chase he killed the deal, then refused to give me back my Earnest Money Deposit. To get my money back I had to make money and sue him.

I created this Case Study to drive home the fact that there are no rules in commercial real estate – and that a lot of people are only out to get your money.
Bonus 5: Online “Cakewalk” Deal Calculators (Value : $245

You should know that it is crucial to accurately calculate the deal’s numbers. This is where you don’t want to make mistakes!

You will find the exact steps to calculate it in my blueprint. But it’s easy to make mistakes if you go it the traditional route.

Which is exactly why I hired a programmer to create a handful of extremely simple, easy-to-use online calculators you can use to make sure that you’re sure your deal numbers are crunched correctly.

I’m telling you, there’s no easier way to make sure your numbers are crunched right when you’re sizing up any deal. And these calculators are very easy to use, but just to be sure I’ve included a simple “how-to” Each one is shown in a video.

You’ll get unlimited access to my:

……Net Operating Income (NOI) Calculator

……Debt Coverage Ratio (DCR) Calculator

……Cap Rate Calculator

……Cash-on-Cash Return Calculator

……Cost Per Unit Calculator