Christopher Urso's Blog (16)

Building Your Apartment Investment Foundation Team

Investing in apartments is not only about analysis and numbers. It is primarily a relationship business. Building a strong team can truly make the difference between from a stalled to a spectacular apartment investing career.

You maybe able to get muscle one deal through on your own, but to build an apartment investing business, even part-time, you will need to build a team. By having a strong team behind you, you won’t need to be your own lawyer, accountant and property manager. In…

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Added by Christopher Urso on December 5, 2014 at 11:00am — No Comments

Investing in Secondary and Tertiary Apartment Markets: What you MUST know

As primary “A” type multifamily markets tighten, there are more and more prospective tenants pushing into the secondary and tertiary markets, creating huge opportunity. However, there are fundamentals that can make or break your investment strategy; properly preparing can make the difference. If you drill down and really master the sub-market research, you will find off-market opportunities!

 

A quick tip on Broker Relationships - In smaller markets,  there…

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Added by Christopher Urso on November 12, 2014 at 4:00pm — No Comments

A Scary Halloween AND Retirement?

Halloween is just around the corner!

I recently read a figure that was beyond scary – it was downright frightening. According to a survey done by the Federal Reserve in August 2014, only ¼ of Americans feel financially prepared for retirement.

The recent volatility in the market makes me feel stronger than ever that there must be diversity in every portfolio. The beauty of investing in apartments…

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Added by Christopher Urso on October 31, 2014 at 11:44am — No Comments

Protect Yourself: What every Apartment Investor Must Know BEFORE You Buy

The beauty of apartments is that it is the one type of real estate investment that is easy to scale and build your real estate business, even part-time. HOWEVER, the bigger upside needs to be tempered with the potential for a bigger losses as well. Make sure that you have looked deeply into each element listed below:



Sub-Market knowledge: Location, Location, Location


The ONE thing that you can’t…

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Added by Christopher Urso on October 16, 2014 at 12:47pm — 1 Comment

WHEN To Make An Offer On An Apartment Deal

I wanted to answer some questions that I’m frequently asked about multifamily real estate deals and what it really takes to make them happen.

So here is a question I get asked all the time: When do I stop analyzing and make an offer?

I always talk about the importance of laying a strong foundation; being clear on your plan, and making sure that you have a team put together to make sure that you don’t make any costly mistakes.…

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Added by Christopher Urso on September 3, 2014 at 9:30am — No Comments

Deal Cultivation - Nuture Your Relationships!

It’s finally spring (A snowstorm here or there notwithstanding) and its time to shake off the slow pace of winter and get active. Watching things come alive and grow got me thinking about gardens…planting seeds…cultivation.

You might be thinking, “What does this have to do with real estate?” Stay with me here, there are a few parallels.

SPREAD THE SEED

This is a relationship business. Don’t underestimate the importance of creating a strong…

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Added by Christopher Urso on May 20, 2014 at 4:37pm — No Comments

Questions to Ask Your Potential Property Manager

Property management encompasses all aspects of running an income property. From finding and screening tenants, to maintaining the property, collecting rent, and handling any issues that might arise.

While some professional property managers specialize in certain types of services, most are prepared to take full responsibility for your property, unless you’d prefer to handle certain things yourself.

Professional property management can make owning (and…

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Added by Christopher Urso on March 31, 2014 at 2:59pm — No Comments

Planning for Retirement? Investing in Apartments can put YOU in control!

Many of us are guilty of it. We all know how it goes…we’ve been hearing all about the volatility in the market and once a month that retirement statement arrives with a seemingly endless amount of pages.

How many of us do the quick once over and the file it away?

How many of us would rather not look at all knowing full well that our day might be ruined in an instant!

I like to call this traditional way of retirement saving the “Park and Pray”…

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Added by Christopher Urso on January 29, 2014 at 3:14pm — No Comments

Reaching out to a New Broker in a Propective Market

In this day of e-mail, it’s easy to have your VA (Virtual Assistant) send out form e-mails to prospective commercial brokers.

While I’m a big believer in automation and systems, the broker who receives your impersonal e-mail is probably not going to have you at the top of their list when that perfect deal crosses their desk.

As you know, your level of success in Real Estate Investing is the equals the quality of the relationships you cultivate. Brokers are an amazing resource,…

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Added by Christopher Urso on November 8, 2013 at 2:33pm — No Comments

Private Money is the key to scaling your Real Estate business – want to know how to start?

With the economy still on shaky ground and lenders requiring that your deal fit neatly into their guideline box, the ability to raise private money has never been more important. You frequently hear people discussing this topic but you might be wondering – where do I begin?

Having raised roughly 10 million dollars over the last 5 years I’ve gotten very familiar with the process but I am by no means an attorney.  When raising private money please be sure to seek out a qualified real…

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Added by Christopher Urso on July 31, 2013 at 2:59pm — 3 Comments

Did you know you can invest in multifamily real estate through your IRA investment?

Did you know you can invest in multifamily real estate through your IRA investment? Just like you can invest in stocks, bonds, and mutual funds, you can also invest in multifamily real estate, tax deferred or tax free, using a self-directed IRA. Most people do not realize it is possible to generate long term cash flow and capital appreciation by investing in multifamily real estate within their retirement plan. I am also not talking about purchasing stock in a public REIT; I am…

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Added by Christopher Urso on March 8, 2012 at 11:00pm — No Comments

Rents up and expenses down for multifamily owners

This article is very interesting and explains how rental increases have been outpacing expense increases for multifamily operators. A huge part of an owner’s expense is upon turnover, and that has actually decreased by almost 8%: “Another spot of good news for landlords—and wholly reasonable, considering the state of the economy—was that three of the four building types examined experienced a decrease in resident turnover in 2010 compared with a year earlier. Turnover for low-rise buildings…

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Added by Christopher Urso on August 23, 2011 at 9:00pm — No Comments

So whats driving demand for apartments

Many factors are driving demand, starting with the demographic surge of 20 to 34-year-olds, who are typically renters. This increasing population also has absorbed most of the job growth during the economic recovery and no longer relates to the "American Dream" of homeownership.

 

Christopher Urso

Added by Christopher Urso on August 21, 2011 at 9:30pm — No Comments

Quick Tip to Get a Broker on Your Side

Quick tip to get a broker on your side....buy him lunch! Went to lunch with the Broker representing the bank on the 74 Unit deal we are going to bid on and i picked up the tab. his response "Chris no one has bought me lunch in the last 5 years, thank you so much. I look forward to seeing you guys get this deal and many more." Its the little things that make a difference in today's world. Stick to the basics.

Chris Urso

Added by Christopher Urso on August 12, 2011 at 11:30am — 1 Comment

A due diligence tip when buying Multifamily real estate

When analyzing a potential multifamily deal one quick tip is to make sure you do a rent study. It is always important to understand what rent your competition is asking for similar units and also what concessions that they are offering. A big mistake many novice investors make is taking the broker's word for it when it comes to market rents, ALWAYS verify the numbers. 

To your success,

Christopher Urso

Added by Christopher Urso on August 11, 2011 at 4:30pm — 2 Comments

Don't be scared of multifamily real estate

Hey everyone, i know we all love flipping property, doing short sales or wholesale deals but I encourage you to consider investing in multifamily real estate. This will be your greatest chance of accumulating true wealth over time and I am here to tell you it is 100% possible. The power of multifamily real estate is exponential and just doing one deal in a year can change your life.


Chris

Added by Christopher Urso on July 23, 2011 at 7:30pm — 4 Comments

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