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JF3666: Navigating 400 Evaluations for 2 Deals, $1M Renovation Plans, and Leveraging Third-Party Management ft. Paul Montelongo

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Content provided by Best Ever CRE and Joe Fairless. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Best Ever CRE and Joe Fairless or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Paul Montelongo, founder of Montalongo Capital, discusses his focus on acquiring value-add multifamily properties in Texas, Kansas, and Alabama. He shares that their business plan involves putting about a million dollars worth of improvements into each property and holding them for five to six years. Paul emphasizes the importance of staying nimble in the current market and building strong relationships with brokers and referral sources to find deals. He also discusses the benefits and challenges of third-party property management and the trend of vertical integration in the industry. Paul shares his experiences and lessons learned from past deals, highlighting the importance of staying in your lane and having a clear business plan. He advises investors to evaluate deals and put in offers, taking advantage of the current market conditions. Paul Montelongo | Real Estate Background
  • Founder Montelongo Capital, LLC
  • Portfolio:
    • 1106 Units
  • Based in: San Antonio, TX
  • Say hi to him at:

Sponsors:

Altra Running

Apartments.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3726 episoade

Artwork
iconDistribuie
 
Manage episode 440424286 series 2713647
Content provided by Best Ever CRE and Joe Fairless. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Best Ever CRE and Joe Fairless or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Paul Montelongo, founder of Montalongo Capital, discusses his focus on acquiring value-add multifamily properties in Texas, Kansas, and Alabama. He shares that their business plan involves putting about a million dollars worth of improvements into each property and holding them for five to six years. Paul emphasizes the importance of staying nimble in the current market and building strong relationships with brokers and referral sources to find deals. He also discusses the benefits and challenges of third-party property management and the trend of vertical integration in the industry. Paul shares his experiences and lessons learned from past deals, highlighting the importance of staying in your lane and having a clear business plan. He advises investors to evaluate deals and put in offers, taking advantage of the current market conditions. Paul Montelongo | Real Estate Background
  • Founder Montelongo Capital, LLC
  • Portfolio:
    • 1106 Units
  • Based in: San Antonio, TX
  • Say hi to him at:

Sponsors:

Altra Running

Apartments.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3726 episoade

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