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Podcast: The Best Ever CRE Show
Episode: JF3665: Navigating 400 Evaluations for 2 Deals, $1M Renovation Plans, and Leveraging Third-Party Management ft. Paul Montelongo
Description: 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...