Master C & D Class Apartment Investing with Guido Nunez

Published: Dec. 26, 2023, 10 a.m.

b'What unique strategies must real estate investors employ when acquiring distressed "D-class" properties?\\n\\xa0\\nIn this episode, seasoned real estate investor Guido Nunez shares his approach to investing in and managing D-class apartment complexes. With hundreds of units under his belt in California, Arizona, and soon Texas, Guido has honed strategies for securing financing, finding quality service providers, engaging positively with residents, and adding value through modest upgrades. He explains how to determine a property\'s class level based on metrics like price, condition, amenities, and neighborhood quality. Guido stresses the importance of aligning with reliable partners and service providers willing to work in distressed areas. While value-add upgrades are limited for D-class, security, cleanliness and community spaces make a big impact.\\n\\xa0\\n\\xa0\\n[00:01:00 - 00:04:00] Evaluating Asset Class Levels\\nPrice, cap rate, condition, amenities indicate class\\nConsider whether a D property in a C neighborhood\\nEstimate repositioning potential and capital needed\\n\\xa0\\n[00:04:00 - 00:07:00] Securing and Managing D-Class Properties\\nLighting, gates, security are first priorities\\nEngage residents positively about improvements\\nUpgrade courtyard and common areas on a budget\\n\\xa0\\n[00:07:00 - 00:10:00] Sourcing Service Providers for D-Class Areas\\nConnect constantly with local maintenance crews\\nFind partners already working in those neighborhoods\\nCheck county and city ordinances for investor-friendliness\\n\\xa0\\n[00:10:00 - 00:13:00] Neighborhood Factors Impacting Investment Decisions\\nScout crime rates, schools, demographics\\nTotal quality score indicates class level\\nMust see a path towards growth and value\\n\\xa0\\n[00:13:00 - 00:30:00] Selecting and Vetting Investment Partners\\nGet to know potential partners for 12+ months\\nAttend conferences and meetups to make connections\\nEnsure proper alignment for long-term holdings\\nBook recommendation: Rich Dad\'s Cashflow Quadrant - Rober Kiyosaki\\nWho inspires Guido?: Himself 10 years in the future.\\n\\xa0\\nQuotes:\\n"If you\'re not a people person, don\'t do this, especially if you\'re going to be an active investor." - Guido Nunez\\n"I try to stay away from [apartment buildings built in the] 70s and up." - Guido Nunez\\n\\xa0\\nConnect with Guido:\\nWebsite: https://thew2investor.com/\\n\\xa0\\nApply to Invest with Taylor at\\xa0www.investwithtaylor.com\\n\\xa0\\nTrack your wealth for free with Personal Capital, go to\\xa0www.escapingwallstreet.com\\n\\xa0\\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!'