JF3098: A System for Targeting Short-Term Appreciation ft. Mark Updegraff

The Best Ever CRE Show

Best Ever CRE

Entrepreneurship, Investing, Business

4.7 • 996 Ratings

🗓️ 27 February 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark Updegraff is the founder of Updegraff Group Realty Services, a suite of companies that broker, manage, and provide GC services, as well as Raze Capital, a commercial real estate syndication company. After getting laid off from his job making $70,000 a year in tech, a poor experience with a realtor prompted him to become a real estate broker. From there, he began purchasing distressed assets, eventually scaling into larger assets, including multifamily syndicating. In this episode, Mark discusses his tech background, how he follows local trends to position himself for short-term appreciation, and his approach to choosing and retaining employees and partners. Mark Updegraff | Real Estate Background Founder of Updegraff Group Realty Services and Raze Capital Portfolio: $40MM AUM One- to four-family rentals Multifamily Mixed-use Commercial Industrial Based in: Rochester, NY Say hi to him at: markupdegraff.com LinkedIn Best Ever Book: The Fountainhead, by Ayn Rand Greatest Lesson: Kindness will fuel your business growth more than hard work or luck. Click here to learn more about our sponsors: MFIN CON Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for
1:09.0	informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.5	consider any investment or course of action.
1:18.7	For more information go to best ever show.com.
1:21.9	The most critical component of any deal
1:24.1	is what you pay for the asset.
1:25.8	So having some really strong underwriting
1:29.0	behind you when you are going to purchase something,
1:31.6	I just make sure that you purchase it right because that's going to purchase something. I just make sure they purchase it right
1:33.2	because that's going to lock in your profit.
1:35.2	Welcome to the best ever show,
1:37.2	the world's longest running daily commercial real estate
	...

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