Moises Correa, Principal of Proximo Equity Group, leads a team that specializes in value-add multifamily real estate across the Midwest.
Moises provides the ins and outs of his first couple house hacks in Avondale and how he burned the boats and left his W2 job after the first one! He explains how he formed partnerships to purchase a large multifamily building in Louisville, KY and gets granular on the due diligence process. Moises shares great insights on capital raising and structuring partnerships to be able to take down these large acquisitions. He breaks down how he leveraged a broker relationship to acquire a deal in Fort Wayne, IN well below market value. This episode showcases how building a team and fostering relationships can truly pay dividends in REI!
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02:50 Housing Provider Tip - Understand your leases entirely to avoid legal issues.
04:44 Intro to our guest, Moises Correa!
09:05 Early lessons learned in REI!
14:43 Moises’ second acquisition.
22:03 Jumping into a larger deal in Louisville!
34:02 Capital raising and structuring partnerships!
45:45 Horror stories from Louisville deals.
49:46 Investing in Fort Wayne, IN!
57:48 What is your competitive advantage?
58:18 One piece of advice for new investors.
59:21 What do you do for fun?
59:54 Good book, podcast, or self development activity that you would recommend?
60:09 Local Network Recommendation?
60:28 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Moises Correa
Guest Company: Proximo Equity Group
Guest Link: https://www.linkedin.com/in/moises-correa
Other Links for show notes:
Moises’ Email: moises@proximoequity.com
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