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b"Karl got his start in real estate flipping houses. His business has always focused on acquiring and renovating significantly under market value properties in areas experiencing tremendous market appreciation.\\n\\xa0\\nAs Karl diversified and scaled his business, real estate development was the natural next step and it is now the primary focus of Auroras Investment Group. Before real estate, Karl obtained his MBA from Palm Beach Atlantic University. He left a position of 10 years (to pursue real estate investment full-time) where he was running strategic planning and business development for a business services healthcare company that grosses $100M annually.\\n\\xa0\\n[00:01 \\u2013 09:52] Opening Segment\\nGet to know Karl Krauskopf\\nWhy you should bulk buy materials for development projects\\nHow Aurora Investment Group approaches value add apartment projects\\nHow to find and work with townhome developers in Seattle\\n\\xa0\\n[09:53 - 17:20] The Ground Up Development Process\\nDevelopers Struggle with Cost of Materials\\nKarl discusses the strong disconnect between what we're underwriting and what the developer is going to be underwriting\\nSeattle's concrete strike causes increased costs for small and mid-size projects\\n\\xa0\\n[17:21 \\u2013 28:50] Pro-Tips for Developers \\nDeveloper gets ready to hit the ground running on new projects\\nReal estate developers are seeing strong market conditions, but need to be capable of managing their own money\\n\\xa0\\n[28:51 \\u2013 38:20] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\n\\nWhat is the best investment you've ever made other than your education?\\nTime and relationships\\n\\nKarl\\u2019s worst investment\\nInvesting in things he did not understand\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\n\\u201cBuilding a roadmap of employees and influencing others\\u201d\\n\\u201cKnow what you\\u2019re getting into.\\u201d\\n\\nConnect with Karl Krauskopf through karl@aurorasinvestmentgroup.com, https://www.aurorasinvestmentgroup.com, Facebook, and LinkedIn.\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cInvesting in relationships and investing in time in others is absolutely something that early in my career, I took advantage of and did not do as well as I intend to do now.\\u201d \\u2013 Karl Krauskopf\\n\\u201cWhat I like about the commercial multifamily space is we're able to perform that due diligence.\\u201d \\u2013 Karl Krauskopf"