PRLog (Press Release) –
Mar 10, 2008 – Real estate expert and investor trainer Lance Edwards has experienced phenomenal success within the real estate investment arena concentrating in apartment building and multi-family investments. With many years of experience and expertise Lance Edwards shares his knowledge in his duties as a real estate investment trainer. Lance teaches real estate investors how to achieve the same levels of success by investing in multi-family properties and apartment buildings. Lance takes the time to share information on cap rates and their importance when investing in apartment buildings.
Lance Edwards defines cap rate as a method for determining the return on investment on a percentage basis based on the amount of cash invested in a property. “Many investors believe that a great price on an apartment building investment is the only thing they have to consider to make it a worthwhile investment,”
says Lance Edwards. This is not completely true, although getting a good deal on an investment is a definite perk, Lance advises all investors to take into consideration the cap rate. The cap rate is determined by determining the net operating income percentage per year in conjunction with the cash purchase price. Lance shares an example of a property purchased for one million dollars which has a net operating income of one hundred thousand dollars per year. The cap rate on this particular property is ten percent. Lance’s website www.apartmentwelathmachine.com contains information on the products and services he provides as a real estate trainer.
Lance Edwards advises investors to do the math when it comes to purchasing a multi-family or apartment building. Lance also advises investors to consider current cap rates can be changed after the purchase with effective leasing techniques and other revenue generating tasks, therefore not only should the investor consider the current cap rates but also evaluate the potential cap rates as well. Lance explains to investors the importance of increasing knowledge of key terms and procedures when choosing to invest in the real estate market.
Lance Edwards’ website www.apartmentwealthmachine.com provides information regarding the lucrative possibilities of real estate investing with a concentration in multi-families and apartment buildings. Lance Edwards shares his success in real estate investing with others for the sole purpose of mimicking his success. Lance is a real estate investor trainer. He teaches investors how to invest in real estate without using any of their own funds. Additionally information is provided with Lance’s home study courses and live seminars.
More Information about Lance Edwards:
Lance Edwards, is living proof of his mantra that you don’t have to “graduate” from single family to multifamily - you can start with multifamily. Lance purchased his first deal (a four-plex apartment) in March, 2003 – nothing down. Over the next 2 years, he went on to purchase 50 units nothing-down on a part-time basis, while working his full-time corporate job. In July, 2005, Lance retired from his 20 year corporate career to start a full-time real estate business that acquires multifamily properties. And he now teaches others how to create faster financial freedom with apartments using none of their own money. Last year, he purchased 10 unit and 50 unit apartment buildings - all nothing down. Just recently, he closed a 56 unit property – again using none of his own money.
Contact details
Lance Edwards
First Cornerstone Group LLC
T: 713-476-0102
E: clientcare@fcgllc.com
This PR has been submitted by TrafficMagicians.com
