Results

Lessons

How the "Value Add" Can Make Your Deal

Christopher Urso | Investing Strategies > Commercial / Multi-Family
" I'm sure you've heard the expression 'Diamond in the Rough'.  It refers to finding something of great value that others may have overlooked. It's like that guy who shops at a flea market: He finds a painting, brings it home, cleans it up a little, and then has it appraised… …only to discover that it’s a Leonardo Da Vinci original… …and it's worth a gazillion dollars. Wouldn't you like to be 'that guy'? Well, real estate gives you lots of opportunities to be 'that guy'. There are a ton of properties out there that other investors pass on.   Properties with some kind of problem that other people don't want to solve. If you can solve the problem, you could turn a distressed property into a profit-maximizing machine! It could be your diamond in the rough. Cue Chris Urso – Diamond Merchant This is why we have called upon Chris Urso for today’s lesson.  In our previous four lessons with this wildy-successful multifamily investor, we learned: (i) Why ‘Now’ is a great time to invest in apartment buildings (ii) How to manage a portfolio of apartment buildings and residential real estate (iii) The four misconceptions holding you back from buying apartment buildings (iv) And the ideal ingredients for your first apartment deal Today’s fifth lesson from Chris builds upon these previous lessons and shows you how to increase your return by up to 30-40% in apartment buildings.  Specifically, you will learn: Two simple, low-cost rehab projects that can increase rents by $10’s of thousands per year Five easy ways to dramatically increase cash flow from the property – without raising rents Four ‘Hidden Gem’ expenses that you can cut ‘with extreme prejudice’ in order to put more cash into your pocket One quick rule for determining whether a property improvement is worth doing Yes, today’s video will definitely be a ‘value-add’ for your real estate education.  So sit back, relax, and enjoy! From Chris Urso, Multifamily Maven… {Mogul Elite: Download a transcript and MP3 of this lesson in the Power Pack tools for this lesson.}   "

Your First Apt Deal: A Due Diligence Crash Course

Christopher Urso | Investing Strategies > Commercial / Multi-Family
" Mogul’s operations manager, Jason, claims to have never met anybody (except us) who gets excited about the idea of due diligence. “Not even that über nerdy guy in my Real Estate Investing class at NYU!” he insists. And I can understand why... When you stop to think about it, the word “due” is rarely associated with anything good or exciting.  (Bills, anyone?)  And the word “diligence” only seems to conjure images of a slow and steady turtle – or perhaps Andy Dufresne’s character in The Shawshank Redemption. However, despite its rather uninspiring connotations, a well-executed due diligence process is absolutely vital to your success as a real estate investor.  And it is especially important for anybody who has decided to test the waters of multifamily investing. Sidenote:  Have you recently decided to begin testing the waters of multifamily investing?  If so, be sure to check-out the first lesson in this young series – focused on Smart Market & Property Selection – before commencing your due diligence on any interesting apartment buildings.  That way, you can minimize the possibility of conducting any unnecessary property-level research! Chris Urso Provides A Masterful “Crash Course” for Due Diligence Even though the term “due diligence” may lack the exciting caché of running with the bulls or flying to the moon, we don’t need to treat this subject as sheer drudgery, do we?  No!  Not at all! In fact, Mogul’s in-house multifamily specialist, Chris Urso, has provided a great way for you to cover everything you need to know about initial multifamily due diligence.  And it only takes 15 minutes (and 44 seconds) to review the entire thing in today’s video lesson! Think of it as Chris’ personal Due Diligence “Crash Course” for new multifamily investors. And who is Chris Urso?  Well, for those of you who aren’t familiar with his previous Mogul lessons, Chris Urso is a long-time real estate investor who now (i) controls over $15 million of multifamily real estate and (ii) structures investment partnerships to acquire large apartment complexes.  Additionally, as a mentor and coach for rookie investors, Chris also stays busy teaching others how to mirror his own investing accomplishments, including these previous Mogul lessons about multifamily real estate: Apartment Investing: 4 Flawed Reasons You're Not Doing It Go Both Ways? (Apartment Investing + Rehabbing) Multifamily Investing: When Is ‘NOW’ a Good Time? So, without any further ado, buckle your seat belt (and hold on tight), because you’re about to get kicked in the brain by Chris’ introductory Due Diligence “Crash Course”! Chris Urso explains the vital role of thoughtful due diligence … {Mogul Elite: Download a transcript and MP3 of this lesson in the Power Pack tools for this lesson.}   "