There is always risk in investing, but you should not shy away from looking at the worst-case scenario and asking yourself if you could handle it. As compared to smaller residential properties, apartment buildings typically inspire less tenant loyalty, which results in a higher tenant rollover than you would have in a plex. It is the single most important aspect of making your money on the buy, and is an absolute must for any good investment property. In general, if your future tenants would take these location issues into consideration, so should you. For this reason, having a good unit mix is key. The only other downside of the plex is that the rental rates provide less of an upside when compared to commercial income property, meaning that there is less potential to increase the operational income and therefore the value of the asset by significantly raising the rental rates.

manny khoshbin contrarian playbook

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While positive cash flow is a good thing, in the Contrarian PlayBook strategy the best value add properties cash flow just above the break-even point. The property is priced below replacement cost if the construction of a new and similar development in that area would cost more than the price you pay for your property. Cost segregation studies are not cheap, but they can yield large returns, and can shorten the time frame for calculating depreciation from 39 years to as little as 5 years.

A solid strategy for extraordinary success in real estate investment.

Manny Khoshbin’s Contrarian PlayBook

Thank you Koshbin for the authentic insight of an ambitious successful entrepreneur. Non-Owner Occupied If you do not yet own your own home, you should plan on living in the first residential property you buy.


manny khoshbin contrarian playbook

No trivia or quizzes yet. Finally, check out the submarket in person.

manny khoshbin contrarian playbook

On the salary I was receiving, saving this much money required a conscious effort. Table of Contents Introduction I.

Manny Khoshbin’s Contrarian PlayBook by Manny Khoshbin

I use triple net leases with all of my industrial tenants, with very rare exceptions. In gratitude to him, I want to do the same for you-get you started, or reignited, in your own real estate investment career!

There are no discussion topics on this book yet. Get Smart, Get Credible Knowledge is power, so power up! It is not about perfection, it is about adding value to your portfolio by negotiating that great deal and making your money on the buy! If you have poor credit, take steps to correct it right away-having good credit is essential if you want to qualify for financing, and financing is an absolutely critical part of any truly successful career in real estate.

There are lots of agents out there, so shop around!

While educating yourself is a big part of accomplishing this, there are other facets of your credibility that you should be aware of as well.

With this underperforming occupancy level, you can also increase your revenues by making the necessary improvements on the vacant units and renting them at higher prices than you would have been able to charge preexisting tenants. Get your real estate license!


Also, with stocks you have little control over the management of your investment. For commercial properties, which are the only properties I buy beyond a mile radius of my home and business, I use a Premier membership at Loopnet. I made lots of small sacrifices every day, but the reward was great: They lived in one unit, and the rental income from the other units covered their mortgage in full!

Imagine your financial freedom: Interestingly, another emotion to be aware of is love. There are no discussion topics on this book yet. When you have a dream, you keep your goal in clear sight, pick yourself up, and get going again! Making decisions based on findings from your own research takes cojones, but the rewards will be great! While reviewing the title report I noticed a substandard lien by the city, which indicated that the structure of the building had been altered without permits, and that it no longer met the building standards as a result.

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Full text of “Manny Khoshbin’s Contrarian Play Book”

As the owner of a condo you will need to pay regular dues to your HOA. Books by Manny Khoshbin. I was just a teenager when my family of six arrived in the U. Contraeian motivates and inspires me every day.