The Simplicity Of Apartment Deals And What You Need To Get Started w/Michael Lefavor

Apartment deals have the ability to bring in passive income and they allow us to grow and expand our businesses, and help us to do less while making more money.

 

Apartment deals can seem daunting but the simplicity of it is what makes them work so well for agent investors. What should we be on the lookout for when it comes to apartment deals, and what skill sets do we need to get started?

 

In this episode, founder of Property Possible Inc, Michael Favor joins me to discuss being an entrepreneur, how he got started on apartment deals and what it takes to be a part of a deal . We also talk about networking and share tips for new investors.

 

That’s just a hallmark thing with entrepreneurs. They just want to be independent more than anything. -Tom Cafarella

 

Three Things You’ll Learn In This Episode

 

• How to figure out your best next step
  It's easy to get excited about business but even after feeling motivated, we can sometimes hit a wall. How do we figure out what steps to take next?
  
  
• Laying bricks to build your business
  Building a business takes time but how do we ensure that we have everything to begin building it? How do we expand once we start building?
  
  
• How to put together a passive income deal
  Passive income deals can be simple, but what should we look out for? 

 

Guest Bio

 

Michael Lefavor is a real estate investor with a focus on residential real estate development, home rehabs, property syndication, and raising capital for investing in commercial real estate assets. Michael founded his own real estate investment business, Property Possible Inc in 2018. Since then Michael and his team have completed over 80 fix and flips and built a rental portfolio of over 260 apartments with over 40 million in AUM. Michael has experience in a wide facet of RE investment ranging from multifamily, condo conversion, land development, and new construction and residential fix and flip. Michael serves as President at Property Possible Inc as well as providing analysis and strategic growth services for the company.

 

Find Michael Lefavor on LinkedIn @Michael Lefavor