Will Coleman and Mike Taravella Interview Jorge Abreu of Elevate Commercial Investment Group.
The value of having a construction company in multi-family real estate:
- The ability to feel comfortable buying a value add property that requires a heavy lift
- Being able to come in with a better offer as a result of having precise estimates of capital expenditures needed.
- 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.
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