Raising funds from institutions. Scaling in Multifamily.
Jorge Abreu scaled quickly to 1720 units and has 850 more under contract but it came with difficulties. He shares what it took to grow so fast and about the world of private equity that he had to learn to navigate. Subscribe for FREE Education, Updates & Upcoming Events! https://elevatecig9121.activehosted.com/f/3 Don't miss the opportunity to invest with our strong sponsor team in the growing Oklahoma City market! https://go.elevatecig.com/isola-bella36278997 Free E-book - Benefits of Investing in Multifamily Real Estate: https://go.elevatecig.com/e-book Free Due Diligence Checklist https://go.elevatecig.com/elevate-due-diligence
1,275 Unit Multifamily Portfolio - How Elevate Acquired This Deal
After an acquisition of Multifamily property, upgrading it has to be your first priority because there's a lot you'll have to do before you start making money off of it. A very important processes that happens before the actual upgrades is the Due diligence. This part of the acquisition process can save yourself time and resources in the long run. Jorge Abreu, a prolific multifamily investor based in Dallas, TX, understand exactly what the process is like. Jorge discusses his abundant experience in multifamily investment with host Dan Hanford. There are plenty of steps you can take to make sure your experience with multifamily investment is so much easier in the long run, so make sure to learn from the best!
Find reliable Contractors, & make sure your CapEx is done correctly so you can maximize your ROI
Listen in on my conversation with real estate investor and entrepreneur Josh Cantwell on his Accelerated Investor Podcast - the go-to destination for entrepreneurs, leaders and investors who want to take their business, life and investing to the next level - as we talk about how find reliable contractors, and how to make sure your CapEx is done correctly so you can maximize your ROI on your deal. Learn more here:
Insights into Multifamily Real Estate Value Add Properties
Value-add is a term used by nearly everyone in the multifamily space, but very few people understand what the term means. Fortunately, our guest today, Jorge Abreu’s superpower is adding value to multifamily investments. In this episode, Jorge takes us through various aspects of value-add properties. Key Points From This Episode: More on Jorge’s background and why he transitioned from single to multifamily investing. How Jorge started his own construction company and how it has benefited his investing. Find out what value-add really means. Why it’s important to understand if money is spent on deferred maintenance or upgrades. Jorge’s tips on things to look out for on a potential value-add property during due diligence. Some of the unexpected things Jorge has found in down units. How to prepare a team for an efficient value-add process. Find about what a recent business plan for Jorge’s value-add entailed. Jorge’s role in both his construction and the investment businesses. The hardest part of syndication, preparation for the downturn, and contributors to Jorge’s success. Links Mentioned in Today’s Episode: Jorge@Elevatecig.com (Email to receive free due diligence & capex checklist) www.Elevatecig.com (Click here for free ebook on Investing in Multifamily)