Hello Moguls, Chris Urso here bringing you another great lesson about apartment investing. There are a number of ways to add value to an apartment property and I’ll be going over several options for you in in this lesson.
First of all, it’s important to acquire properties that have quantifiable value-add components. There’re 2 different ways to add value – one is physical and the other is operational. We look for issues in either one of these areas and both are important… however, our discussion today will be about the physical aspects.
My company’s strategies are not to bring in the cleanest or the newest properties. We look for properties that have major issues – that we can fix and improve.
Physical Improvements to Add Value
Curb Appeal
First area that we can enhance is the curb appeal – this might include:
- Signage
- Landscaping
- Parking lots
- Exterior paint
…
Christopher Urso
is the founder of URS Capital Partners and National REIS. Chris has been investing in real estate since 2001. Over the years he has been involved in all aspects of real estate, from single-family fix and flips, buy and hold cash flow houses, and finally to apartment buildings. His real estate investment career only took off when he purchased his first apartment building 3.5 years ago. He now controls over $15,000,000 of apartments and has raised over $8,000,000 of private money in just over 3 years. He now structures investment partnerships to acquire large apartment complexes and also private coaches investors helping them purchase their own apartment buildings.