RCRE – Construction 101 with Jorge Abreu

Will Coleman and Mike Taravella Interview Jorge Abreu of Elevate Commercial Investment Group.

Key Information:

The value of having a construction company in multi-family real estate:

  1. The ability to feel comfortable buying a value add property that requires a heavy lift
  2. Being able to come in with a better offer as a result of having precise estimates of capital expenditures needed.
  3. The necessity to develop detailed systems and processes which can be put in place throughout the entire company.

Main items to look at during due diligence: roof, foundation, plumbing, boilers and chillers, electrical wiring, mold in the interiors.

Learn more: https://randcre.com/construction-101-with-jorge-abreu/

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