EP17 – How One Investor Segued from Single Family Homes to Multi-Family Investing

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Multifamily InvestorChris Urso is a multifamily real estate investor and coach.  His real estate company, URS Capital Partners, now controls over 50 million dollars of real estate throughout the Midwest and Southwest of America.  Chris began investing in real estate at the young age of 21 years old when he bought a 2-family in 2001 with the money his parents were intending on using for his college loans.  In this podcast, Chris covers a range of topics from how to get started, what has worked for him and hasn’t worked and how he structures his deals.

One of his proudest moments in his investing career was purchasing a 280 unit building in Charleston, SC for 7.2 million dollars.  Urso then invested 2 million dollars into renovations for the property.  All in all Urso plans on selling the property in the next two years for a 3 million dollar profit.

Points Discussed on the Show

Advice

Chris Urso gave some great advice throughout the show.  One piece of advice he gave is that it is important to focus your energy on one specific type of investing.  Urso also stresses the need for every young investor to have a mentor or a coach in their life to help guide them.

Quote’s from the show

“Anyone who says they’ve never lost money in real estate is full of you know what. “- Chris Urso

“You can’t dance at every wedding.”- Steven

“Stay focused on the end game.”- Chris Urso

“Don’t do a deal just for the sake of doing a deal.”- Chris Urso

Favorite Places in Florida

Urso’s favorite spots to hang out in Florida are Del Ray Beach as well as the beaches on the West Coast.

Favorite Book

Rich Dad Poor Dad by  Robert T. Kiyosaki

 Contact Info

http://www.eliteapartmentcoaching.com/

 

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