Grant Warrington is known for investing in Apartments and contributing to BiggerPockets. In his opinion, single family rentals are awful…which different than what a lot of other gurus say. Why do they suck? He references his own story where years ago he had a plumbing bill that cost him $4,000…rent was only $1200. By the time Grant paid for all the work, mortgage, and other expenses, it took him 2 whole years to turn a profit on that one property.
He tried his best and used all the strategies he could think of, but nothing he did seemed to quite work for him in the single family real estate space. He started to think that he’d never hit $10,000 per month in cash flow. And something had to change. He was getting burnt out working his day job, grinding out weekends, and trying to grow the portfolio. It led to him getting thin hair and hypertension.
“That’s why we made the jump to buying small apartment buildings,” Grant explains. “And we got to financial freedom with 41 units and by purchasing only four properties. And I can help you do it too. In my Apartment Buying Blueprint course, you’ll learn how to acquire your first small apartment complex in the next 60 days. I share my knowledge from actual hands-on experience inside my own apartment buildings. I’m gonna teach you everything you need to know to buy a small apartment building.”
“And I’ll plug you into my private Facebook Group to answer any questions you might have along the way. I’ll also show you these three things that no one else teaches: how to find off-market small apartment buildings and actually talk to the owner; how to make creative offers in high interest rate environments; plus all the materials we use on our rehabs so you won’t waste time trying to figure it out on your own. Single family rentals is a great way to start but you need to jump up to small apartments as soon as possible.”
So what will you exactly learn in Grant’s course? You’ll figure out how to tell if somethings a good deal, how to actually buy a complex, how to manage it or hire a manger, creative finance strategies, the three keys to finding great deals, and how to locate the best contractors in town before you even need them. Most importantly, you’ll learn how to attract good tenants that will never give you any sort of issue.
You’ll get all this training through the over 60 step by step video training. You’ll get a support group, access to his experts, CPAs, Lenders, and more. You’ll also get a deal analyzer spreadsheet and sherwin williams paint discount good for anywhere in the country, an owner tracking spreadsheet, and 9 questions to ask anyone who applies to be your property manager.
The cost of Apartment Buying Blueprint is $997. You also have the option for 3 monthly payments of $400 if you can’t afford the full payment. Grant does have a money back guarantee, but it’s only action based…This means you have to go through the entire training, send out 35 letters of intent, and not go under contract with an apartment in 60 days. If you do all that and fail, you’ll get a full refund. That can be tough though…Either way, I still would’ve liked to see some testimonials