2020-05-04
Joseph’s Background:
- CEO of TriArc Equity which invests in heavy value add multifamily in the Houston area
- Started investing in real estate In 2011 after learning his coworkers owned properties
- Background in Civil Engineering
In this episode we cover:
- What type of properties his team targets
- His first deal and how the scope of the project changed drastically and what Joseph did to make it work
- A current deal of TriArc’s which Included 37,000 budget of capital expenses per door
- Bringing in partners to help decide budgets (general contractors and property management)
- Determining finish levels for your units and going over marker comps to figure out what the market commands
- How curbside appeal can help attract new tenants