Des Moines, IA (PressExposure) April 25, 2008 -- He has owned or managed several successful multi-million dollar companies during the last 20 years. He uses two pieces of software when looking to invest in apartment buildings to make the process of analyzing the deal more efficient.
The first one allows seasoned investors to analyze up to 100 properties at a time. Without the available software it can take days upon days to analyze the numbers. The goal is to get as many offers on the table as quickly as possible. With as little as five minuets it can be determined whether or not the numbers are going to work when making an offer. Once everything is in order a letter of intent to offer is generated and the process of purchasing begins.
The second piece of software is used to break down all the information into a finer look at all the numbers, including taxes, insurance, utilities, management fees, maintenance and repairs. This information will be matched to reports to verify and confirm that everything is within the right tolerances for each of these categories.
Investing in apartments is a lucrative business when properly researched and analyzed. The average apartment building is going to appreciate about 5% a year on average over the long term. Income is monthly and a small percentage is based on who moves in or out and the total amount of expenses that must be covered. With proper research on purchasing an apartment building a person or group of people can leave their current jobs to live the lifestyle that most aspire to. Robert Kiyosaki author of Rich Dad, Poor Dad gives the definition of getting out the rat race as having enough passive income to surpass monthly expenses. It is important to remember that nothing comes together without a plan. Focus on goals, figure out what needs to be accomplished, form a strong business plan, and work the plan to be successful.
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