Rich or Wealthy?

June 19, 2008

Do you make a distinction between being rich and being wealthy? Most people probably don’t, but if you’re going to invest in real estate (or anything for that matter), I think it’s important that you consider the differences and decide which is your goal. That said, how do I define the difference between being “rich” […]

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2008 Apartment Market Overview

June 18, 2008

Marcus & Millichap today published their 2008 National Economic and Apartment Market Overview & Outlook… Some very good information in here, including various economic overviews (support for whether we are at a housing bottom or not (hint: not), relationships of various economic indicators to the RE sector, data indicating the likelihood of an upcoming technical […]

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Why Cap Rate is Important

June 17, 2008

While I have devoted an entire section of this website to financial analysis of real estate, there are some financial concepts that I feel are of broad enough importance/interest that I want to post them in the main blog. Discussion of capitalization rate (or “cap rate”) is one of those such topics. I explained in […]

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What is a Fair Price?

June 16, 2008

My dad called me the other day…he was reading my blog and following my real estate adventure, and was curious about something: When you’re new to buying apartments, how can you confidently determine a reasonable price for a particular property? Surprisingly, it’s quite simple (it often requires a lot of work, but it’s not complicated). […]

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Lish Properties Business Plan

June 14, 2008

For anyone who hasn’t been following, but might be interested, I have finished the (publicly available) version of the Business Plan for Lish Properties. Feel free to take a look, and I’d love any feedback or suggestions (either in comments or via email)… Thanks!

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Leveraging Outside Investments

June 13, 2008

For several reasons (diversification, help with financing, etc), I’ve decided that I will open up my real estate investments to friends and family who are potentially interested in having an equity stake in my investments. When the situation arises that I have equity partners in a deal, I will certainly spend some time with my […]

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Equity & Financing Strategy

June 12, 2008

Well, I’m almost done with my business plan. One of the last two sections I need to address is my Equity and Financing Strategy. Because of the disastrous situations I’ve been reading about the past year in light of the subprime mortgage mess, it’s even more top-of-mind these days how important a smart financing and […]

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Lish Properties, LLC

June 11, 2008

A couple weeks back, I hired a law firm here in Atlanta to handle the incorporation (actually, organizing the LLCs) of both my real estate company and my fiancee’s communications company. The firm was tremendously professional and had the filings completed within a week. We just received our official notices of LLC organization, our boiler-plate […]

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2008 National Apartment Report

June 10, 2008

For anyone interested in apartment investing, I wanted to point out one of the best resources I’ve come across on the web. Marcus & Millichap, one of the largest real estate investment services firms in the U.S., publishes a number of quarterly and annual reports on their website. The one that I have found to […]

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Criteria for Investment Location

June 9, 2008

I’ve written a bit about real estate cycles and how to analyze real estate markets to determine if they may be a good place to invest. Using this information that I’ve put together, I’ve written the next section of my business plan: LISH PROPERTIES BUSINESS PLAN Criteria for Investment Location As noted previously, the company […]

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