How You Know When It’s Time to Vertically Integrate with Mark Updegraff, Ep 44

Todays episode is Mark Updegraff , the CEO and Founder of Updegraff Group Realty, Updegraff Management, Updegraff Services Inc., and Raze Capital. He is an active investor, broker, and operator. As a broker and investor, Mark has been involved in over $200 million in real estate transactions.

In this episode, Mark shares his journey from traditional career advice to financial freedom through multifamily investing. Discover valuable insights on commercial and residential foreclosures, syndication, and the importance of networking and education.

Learn how Mark built a successful property management company and overcame industry challenges. Don't miss the discussion on how aligning with owners can improve tenant retention and lower costs.

👉Episode Topics

• [01:57] Meet our guest, Mark Updegraff
• [02: 05] From Strawberry Picking to Multifamily Investing: How I Built My Passive Income Empire
• [06: 45] Multifamily Investing: The Path to Building Wealth and Leaving the 9-5 Grind Behind
• [ 13:14] Maximize Your Investment: Why Your First Purchase Should Be a Class A Asset
• [17:40] Navigating Commercial Foreclosures: Tips from a Multifamily Real Estate Investor
• [24:09] How Networking in Real Estate Can Transform Your Career
• [29:50] From Comfort to Growth: How to Know When It's Time to Level Up Your Business
• [39:56] Maximizing Profits: How Aligning with Your Property Manager can Lower Turnovers and Boost Revenue
• [44:55] What is one red flag every investor looks out for?
• [47:09] What success looks like for Mark
• [35:18] Connecting to Mark

👉Notable Quotes

• "My father would always say, work smarter, don't work harder." -Mark Updegraff
• "Networking is a valuable skill set that I have, so I really need to capitalize on that” - Mark Updegraff
• "Aligning our model with our owners, we cut back our fees to break even at best." -Mark Updegraff
• “The value of masterminds is in the community and network, not just the training.” -Tim Little
• "Learning is important, but finding people you trust and do deals with catapults your growth."-Tim Little
• "It's really hard to find quality property management for 50 units and below." -Tim Little
• "Well-run assets are the key to long-term success." -Tim Little

👉Connect with Mark Updegraff :

• LinkedIn: Mark Updegraff
• Website: razecapital.com
• Mobile: 585-314-9790
• Tiktok: @mrmarkupdegraff
• Youtube @becomingaboss/featured
• Twitter: MrMarkUpdegraff
• Instagram: @mrmarkup

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [email protected]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497