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15
Aug, 2024

How Much Should Investors Pay For Property Inspection Cost?

 

Any multifamily real estate investor knows that hiring professional inspectors to walk their property is required before buying. But how much should a property inspection cost? Through decades of experience, Rob Rowsell has learned that the $100 per door cost that real estate investing school taught him is WAY high.

Rob uses a formula in his agreements in order to cover every cost that is involved. These expenses include inspecting building utilities, determining structural integrity, pest control sweeps, and more.

Property Inspection Cost - Rental Property Audit Expense GuidelineProperty Inspection Cost Guideline Explained By Successful Investor

When you are investing in real estate, you should always consider the property inspection cost. You get what you pay for, so you do not want to underestimate how much it will take. However, many investors tend to overpay, just because of the estimated figure they are used to.

One caller on our recent Inner Circle Meeting was interested in buying a 100-unit apartment complex. He asked Rob what he thought he should pay, per door, for the property inspection.

Off the top of his head, Rob suggested the caller should budget $50 per door. However, if an investor already had a good relationship with a property inspection company (and they should!), they could possibly reduce that property inspection cost to $25 per door. In his own experience, Rob’s expenses for property inspections have not exceeded that number in ages.

Join Our Community

Do you invest in multifamily rental properties? If not, do you want to do so one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It is not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

8
Aug, 2024

Crowdfunding Real Estate Investment: Is It Right For You?

 

There are many ways to fund your property investments, but one online method may work better for some than others. Crowdfunding Real Estate investments? Yep, that is a real financing technique, and many property investors have succeeded using it. Like any technique for raising capital, it will take a LOT of work. Likely, it will take even more work than many conventional funding efforts. However, if you have a vast network of supportive partners, friends, and family who are active online, this might be ideal for you! Bookmark this blog entry, because you will want to come back to it!

Crowdfunding Real Estate Investments - Is This Funding Method For You?Crowdfunding Real Estate Investments? How Does That Work?

You probably have contributed to crowdfunding campaigns over the years. Remember your generous contribution to your nephew’s rock band’s Kickstarter in order to fund their debut album? How about the time you pitched in to help a friend across the country with their medical bills via GoFundMe? These one time donations end with a finite goal. While some platforms allow for beneficiaries to award perks to their contributors, you are mostly in it to help a friend. Any benefits you receive are strictly intrinsic. But we are talking about crowdfunding real estate investments here! How can a property investor get in on the action, while also rewarding those who contribute?

When Rob brought up this method in a recent Inner Circle Community call, he revealed that he has only used crowdfunded an investment once. He is also currently using this strategy for a large housing community build in Las Vegas. Experience taught him that you do not need to be accredited to engage in crowdfunding real estate investments.

You may also lower your limits for involvement using this strategy. Supporters for his Las Vegas build only need to invest $5,000 to get in on the ground floor. Until recently, the US Government limited crowdfunding campaigns to one million dollars. However, they have now set the cap at five million dollars.

Despite these advantages, there are a few notable drawbacks. There are a lot more administrative tasks involved than traditional capital funding syndication. Your books must be certified annually by a reputable CPA. Some platforms, such as Yieldstreet and Fundrise, specifically focus on private investments like real estate.

Perform your due diligence, and inspect every detail. Consider that crowdfunding will take more effort to set up than what you are used to, but if you have contacts eager to invest in your property using this method, it might be right for you.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

1
Aug, 2024

The 3 Formulas For Life: Escape What’s Holding You Back!

 

Rob Rowsell’s personal success coach Trevor McGregor explains the 3 Formulas for Life. This motivational speech will give you perspective on escaping the unproductive, negative moods that hold you back.

Formulas For Life - DNA MoleculesFormulas For Life

The equation for escaping your rut is made up of these three formulas:

  1. Formula for Happiness – when your life conditions match up with your blueprint (LC=BP)
  2. Formula for Unhappiness – Your life conditions do not work and don’t match your blueprint
  3. Formula for Suffering – Your life conditions do not equal your blueprint, and you feel powerless to change it!

Obviously, the ideal means that you live most of your life in formula 1, and NOT in formula 3! How can you do that, though? You have to either change your life conditions, or change your life’s blueprint. That means that you must do one of the following tasks:

  1. Change what you are doing physically to in order to change your life.
  2. Change your thinking when you need to change your blueprint or expectations.

What do you think about this theory of the formulas for life? We can all admit that it is impossible to avoid sometimes dipping into formula 2 or 3. However, there is no reason we can’t spend the majority of our time in formula 1. A community of like minded people such as our ATL Inner Circle Group can help a LOT to motivate you!

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

25
Jul, 2024

Can You Climb the Six Rungs On The Ladder Of Success?

 

Success coach Trevor McGregor has guided winners, including everyone from Olympians to real estate moguls. One of his most requested subjects? The six rungs on the ladder of success. The little things compound when you invest more in your success and climb that ladder. From step 1 to step 2 is a mile – a big step! However, the farther you climb, the shorter the distance between steps. This ladder principle applies to every aspect of our life, from our real estate business to our marriage, as well as our diet and exercise.

Climbing The Ladder Of Success

A businessman climbs the ladder of success in the real estate industry

What are the six rungs on the ladder of success, from bottom to top? They are showing up:

1. Poor
2. Good
3. Great
———————-
4. Excellent
5. Outstanding
6. Extraordinary

Most people can get to the third rung with a little effort, but can you climb up above that middle line, which leads to the “Excellent” rung?

When your effort is poor, you will get pain as your result. Playing good will only get you poor results, while great work means good results in your future. Excellent effort will get you great results. Outstanding effort results in Excellent Results, but only  extraordinary effort will yield outstanding results for you. That extraordinary work is the only way that you can reach outstanding results when climbing to the top of the ladder of success.

Join Our Community

Do you own multi-family properties? If not, do you aspire to do so one day? Then you should definitely consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

18
Jul, 2024

Success Planning Process: These 4 “S” Words Will Change You!

Most of us have great ideas, and we all hope to succeed in life. What separates the dreamers from the doers, though? The doers employ a Success Planning Process. In this video, Rob Rowsell’s personal success mentor Trevor McGregor breaks down this process, divided into just 4 simple “S” words. Employ these today, so you can plan your ultimate life goals!

Success Planning Process - When you plan properly, you will see steps nobody else canSuccess Planning Process Outlined in Four “S” Words

The four “S” words that will change your business life are:

  1. State
  2. Story
  3. Standards
  4. Strategy

State means how you show up to work, both physically and mentally. That includes where you focus your attention, as well as the language you use in your everyday conversation.

Story means your chosen identity as a professional. Do you see yourself as a victim or a victor in the marketplace? Your role includes the narrative you tell yourself on WHY you can or can not have something you want.

Standards means how you show up each day professionally. Specifically, it includes the level which you commit to play at. When you create a high level of standards, it ensures that you own your highest routines, habits, and rituals on a daily basis.

Strategy means how that you approach your tasks. Do you have a roadmap to help you put in the work every day? Are you directing your thoughts toward the “who, not how”? When we employ this strategy in real estate, or any other industry, that is the roadmap of our success planning process.

Join Our Community

Do you own multi-family properties, or aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

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