Find out what made Mark focus on multifamily properties instead of single-family homes, learn about an effective marketing strategy to use when looking for investor partners, and discover how an underperforming property can be made into a well-oiled mach...
Find out what made Mark focus on multifamily properties instead of single-family homes, learn about an effective marketing strategy to use when looking for investor partners, and discover how an underperforming property can be made into a well-oiled machine bringing in steady cash flow and a big uptick in value.
In 2015, Mark Baltazar founded Peak Property Investments, a boutique firm helping passive investors generate returns through real estate – hands-free. In 2018, he co-founded Peak Multifamily Investments as an extension to bring a greater focus to acquiring and managing apartment building investments. Through coaching and passive investing opportunities, Mark works with time-starved investors to help them take action and get past the hurdles that many face along the path to financial freedom.
In this episode, Mark shares how he’s done deals in multifamily properties, focusing on underperforming assets and turning them around and increasing their ROI, values, and cash flow.
01:46 – Benefits of focusing on 12 to 20–unit size properties
04:54 – How does he find deals in multifamily properties
07:50 – A walkthrough of the deal he has done a few years back
13:10 – The advantage of getting deals from a network of agents
14:33 – How does he find investor partners to raise capital
17:16 – How does he structure the deals when working with investor partners
18:02 – Who helps qualify for financing
“For apartment buildings, as an investor, as an operator, you have a little more control in terms of what you can do from a valuation standpoint, increased net operating income and the value of your building goes up.” – Mark Baltazar
“With apartment buildings undervalued, you’re almost paying a premium for things that are under-managed because of the upside.” – Mark Baltazar
“One of the components of multifamily that I really understood is, you put $1 in, you increase your net operating income by $1. Your valuation is a multiple of that.” – Mark Baltazar
“It’s a combination of content marketing and education, that’s a big part of how we’re attracting partners.” – Mark Baltazar
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