Archives January 2022

We get this question a lot.

Is Lance Edwards a scam?

In some ways, it’s a compliment, right? If something seems too good to be true, it usually is. That said, we think this question reveals more about the rest of the real estate business than it does about us.

In fact, you’ve been misled by people in the real estate business your whole life. You don’t have to be wealthy to invest in real estate, in fact, in most cases, you can start today. It’s about shifting your mindset. It can be hard to believe, but it’s true — often you don’t even have to make a down payment on your first apartment.

Why am I so sure? Because that’s exactly what I did. I purchased my first apartment in March of 2003 with exactly NO money down. Over the next two years, I purchased 50 units while doing this on a part-time basis (and still working my corporate job). Two years later, I was able to retire from my corporate career and focus full-time on my real estate business. Did I make mistakes? Absolutely. That’s why I created the Small Apartment School, so the next person starting out could do what I did, but without the steep learning curve.

Check out these testimonials and stories from other people who have attended Small Apartment School

Simply put, there’s no better resource for someone just starting out in the real estate business. Sign up today and begin your new path to a new life in real estate. It’s that simple.

I created the Small Apartments School because I wanted people to learn how small apartments can start them on their path to financial freedom through passive income. It’s a comprehensive course that will train you in everything you need to know in just 3 days so that you can get started as soon as possible.

So why does it cost $3495? If it seems like a big barrier for entry — you’re right. It’s meant to be. I only want folks who are ready, willing, and hungry to make a better life for themselves through the Small Apartments School. I’ve found that when people invest their money, they’re more willing to listen and learn and take the steps needed to do this the right way.

I want you to succeed. That’s why when you invest in the SAS, we invest in you. We’re so sure that this boot camp will change your life that we offer multiple ways to get it for free.

How to get FREE tuition for the Small Apartments School

• Send me 20 apartment leads that meet my criteria within 90 days of your boot camp graduation and if I don’t buy at least one, I’ll reimburse your training deposit 100%.
• If I buy one of the apartments you send me, I’ll pay you 200% of your training deposit PLUS a $25,000 Finders Fee!
• Buy or flip a small apartment on your own (using my buyer’s list) within 180 days from your enrollment and I’ll reimburse your training deposit 100% in exchange for the use of your success story in my next book.

I challenge you to find an offer like that from any other real estate seminar. This year, give yourself the financial future you deserve. We can help.

I understand how hard it is to try something new. Its even harder when your time or your money is at stake.

How can you be sure that things will work out? Let’s alleviate some of those fears by talking about two problem areas that most real estate beginners tend to worry about: property and tenants.

Fear #1: You’ll buy a money-pit

This is a big one for us. People usually think that they have to start with a small, single-family home for their first rental. That can be a huge expense, especially if the home needs work right off the bat (it will). When you have one unit, and it’s under construction you can’t rent it out, and have zero income from the property.

Fear #2: Dealing with bad tenants.

Good tenants are ones that pay on time. But sometimes life happens and you have renters that don’t (or can’t) pay their rent on time. This is a big problem if you’re relying on one tenant to cover the whole mortgage.

What we love about starting with small apartments is that you mitigate your risk in both of these areas. If one or two units need work, you can rent out the others and generate income right away. If you have a couple of bad tenants, you still have other good tenants who pay on time. So instead of risking 100% of your possible revenue when things don’t go exactly as planned, you’re risking a fraction of that.

Small apartments are a great place to start for people new to real estate, but we don’t want you to go in unprepared, that’s why we created Small Apartment School to give you the knowledge and tools you need to be successful.

Anyone who has ever had their name mispronounced knows that names matter. It’s not just how other folks view you, it’s how you view yourself. That’s why we’re here to tell you that calling yourself an “investor” is a bad idea for your rental business future — and what you should call yourself instead.

Why it matters

It may not seem like it, but an investor is actually encouraging you to be passive with your real estate. An investor puts their money into a property, then passively reaps the rewards. Unfortunately, that’s not how this business works, and if you have that attitude going in, you’ll probably be very frustrated. We believe that obtaining rental properties is a great job — but it is still, in fact, a job. Thinking that this is a “set it and forget it” type of industry is a quick recipe for burning out.

Call yourself an entrepreneur

Entrepreneurs don’t just invest, they put deals together. They’re active. Do you know what people do with entrepreneurs? They invest with them. Why? Because even if an entrepreneur doesn’t have the money, they still have the hustle and drive to succeed. That’s a subtle shift in thought, but it’ll pay dividends in the end.

These aren’t things that I was ever taught, I just learned them through experience. I purchased my first four-plex apartment in March of 2003 – with absolutely nothing down. Over the next two years, I went on to purchase 50 units, again, nothing-down (on a part-time basis) while working my full-time corporate job. Two years later I retired from my corporate career to focus on real estate full time.

Take the next step to get started in real estate, join our Small Apartments School and learn how to make money finding deals for other buyers, and other creative ways to get into real estate without using your own money.

I’ve taught hundreds of people how to get started in small apartments, but there is one thing that still drives me nuts every time I see it: people learn all of the right things, but they never put it into practice.

There’s one reason why: mindset.

The hard part isn’t being approved for a loan, or knowing how to manage an apartment building. We can teach you how to get funding and how to hire a good property manager, but it’s your job to face your fears. Here are the biggest deterrents to success:

• Fear of embarrassment
• Fear of failure
• Fear of success
• Fear of losing money
• Fear of making a mistake

The small apartment system I’ve developed works. We have lots of testimonials on our website of people who have gone through the program and made hundreds of thousands of dollars.

It’s important to recognize the fears inside of you. The good news is that when you have a solid plan to follow, and you’ve seen other people succeed by following that plan, it’s easier to overcome those fears.

If you’re reading this blog, you’re already ahead of the game. It means you’re thinking about your future and how to best find a way to live the life YOU want to lead, financially independent and thriving. So you think: “maybe I should buy into a franchise.”

It’s appealing to think that you could be your own boss and own a trendy franchise that rides a national wave of marketing to success. Here’s why you should take that money and buy small apartments to rent out instead.

Stronger and more stable cash flow.

We get that it can be exciting to buy a franchise with national name recognition, but oftentimes that means getting into the restaurant business or opening a store that requires heavy foot traffic to succeed. That’s NOT a recipe for stable cash flow. Apartments are always in demand. They’re a necessity. That means a strong, stable cash flow that will allow you to re-invest and build wealth over time.

Keep more of your money.

Franchises cost a lot of money. Not just startup costs, but also franchising fees. Sure, you might enjoy some “free” marketing in the form of a national brand, but in the end — you’ll pay for it. It’s not out of the question for franchise fees to reach into the six figures. Apartments? Absolutely no franchise fees.

It’s simpler.

While we won’t say it’s easy to own apartments, it’s definitely easier than opening a business. Fewer employees, less paperwork, and less to worry about. Yes, you’ll have to be an active and engaged entrepreneur, but that’s true of any moneymaking endeavor. The benefits of being engaged are much more visible for an apartment — a little TLC goes a long way.

Ready to learn more? Join our Small Apartment School.