POPULARITY
Welcome to today's episode of Multifamily Live, where we dive deep into the world of passive real estate investing, with a special focus on apartment buildings and an intriguing pivot to industrial real estate. Today, we're thrilled to have Brock Mogensen with us, a seasoned investor who's managed to navigate his way through the complexities of real estate to manage over $30 million in assets. Join us as Brock shares his journey, insights, and strategic shifts in his investment focus.Main Themes:Brock's Real Estate Journey: From purchasing his first duplex to handling a portfolio worth millions, Brock walks us through his path, including the leap into syndication and the challenges faced during his first deal.The Art of Syndication: Discover the intricacies of syndication in real estate investing, including the hurdles Brock overcame and the lessons learned from his initial challenges.Due Diligence and Operational Insights: Understand the importance of meticulous due diligence and operational expertise, especially when dealing with Class C properties. Brock shares how his team successfully improved and sold a property by enhancing its value and increasing rents.Shift to Industrial Real Estate: Learn why Brock has now shifted his focus towards industrial real estate, specifically class B industrial properties in Southeastern Wisconsin. He discusses the appealing returns, favorable market conditions, and why this niche is a goldmine for investors.The Industrial Real Estate Advantage: Brock highlights the advantages of investing in industrial properties, ranging from 20,000 to 150,000 square feet, used for light distribution, manufacturing, and storage. The episode delves into the benefits of a sticky tenant base, the strategic importance of location for truck access, and the art of negotiating expenses between landlords and tenants.Underwriting Tenants and Due Diligence in Leasing: Gain insights into the rigorous process of underwriting tenants and the comprehensive due diligence required in the leasing phase of industrial real estate. Brock emphasizes the necessity of a thorough approach to ensure success and minimize risks in investments.Conclusion: Brock Mogensen's journey from starting with a modest duplex to mastering the complexities of real estate syndication and then pivoting towards the lucrative niche of industrial real estate in Southeastern Wisconsin is not just inspiring but also packed with valuable lessons for both novice and experienced investors. His emphasis on due diligence, understanding market dynamics, and the strategic operational insights offers a roadmap to success in the diverse world of real estate investment.Call to Action: For more insights into real estate investing and to hear more inspiring journeys like Brock's, subscribe to Multifamily Live. Stay tuned for our next episode, where we'll explore another facet of the real estate world. Happy investing!Coonect with Brock Mogensen:brock@smartassetcapital.comhttp://www.smartassetcapital.comhttps://www.instagram.com/brockmogensen/https://www.linkedin.com/in/brock-mogensen-423839a4https://www.youtube.com/@WinningWealthPodcast
What are the trends in the market today? Are there real estate deals out there? In this episode, Brock Mogensen, a principal at Smart Asset Capital, offers his expertise to answer your questions in today's market, and he breaks down trends in the real estate space today. The interest rate is around 7% today, and he still sees good deals in the market, but it's tough to find them. Brock also shares what he sees in the market, which made him pivot into the industrial space. Tune in to this episode to learn more about what's in today's real estate space.Love the show? Subscribe, rate, review, and share! https://7einvestments.com/podcast
Get your real estate gears ready, as Brock Mogensen shows us the potential of syndication in wealth building and business scaling. Listen in to learn the skills and knowledge you need to achieve investing success, one step at a time! WHAT YOU'LL LEARN FROM THIS EPISODE How to maximize occupancy in an industrial asset rental Investing in multifamily vs. industrial properties Communication strategies behind good broker connections Benefits you can get from a steady broker relationship track record Why background knowledge is crucial in the syndication business RESOURCE/LINK MENTIONED The 10X Rule by Grant Cardone | Hardcover, Paperback, and Kindle (missed resource) ABOUT BROCK MOGENSEN Brock previously worked as a call center agent until he owned real estate assets, which led him to quit and focus on a syndication career that became a Billion dollar figure income. He used mentorship courses and events to learn and be educated in the field, inspiring people that anyone can do this. CONNECT WITH BROCK Website: Smart Asset Capital | CRE Syndicator (missed resources) LinkedIn: Brock Mogensen Instagram: @brockmogensen Twitter: @Brock_Mogensen CONNECT WITH US Email: shawn@greenbriarcg.com Instagram: Shawn Winslow YouTube: Shawn Winslow LinkedIn: Shawn Winslow Facebook: Shawn Winslow
In this episode, Jonny talks about industrial real estate with the Principal of Smart Asset Capital, Brock Mogensen. Brock is also a Cohost of the largest monthly multifamily meetup in Wisconsin, the Wisconsin Apartment Investors Meetup.They discuss:1. What he did before stepping into real estate2. His diverse portfolio3. Their future plansStarting with a duplex in 2018, Brock instantly fell in love with the power of cash-flowing real estate as a path towards wealth and true freedom; but he knew he had to find a way to scale quicker. After discovering the concept of syndication, he knew that was the way to do it. Brock spent the next 6 months learning everything he could about underwriting multifamily real estate.He then took that newfound knowledge and partnered with two experienced investors that sought his underwriting expertise. Fast forward a few years, and the firm has acquired over $20M in real estate. Throughout that time, Brock developed his own model for analyzing deals after discovering that no other tools offered a simple and concise way to analyze a syndicated deal.Brock comes from a corporate background in IT and holds an MBA. He also developed his own advanced model for analyzing deals (The Real Estate Syndication Analyzer), which is sold to other professionals in the industry.Learn more about Brock:Website: https://www.smartassetcapital.com/IG: https://www.instagram.com/brockmogensen/Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1
From duplex to 89 unit deal featuring Brock Mogensen. Meet Brock who's an real estate syndicator full time. In this episode he talks about his journey starting with a duplex while working a 9-5, scaling up and his plan of action when scaling in real estate and the power of networking and relationships! Follow Brock: https://www.instagram.com/brockmogensen/ Follow the podcast: https://www.instagram.com/official9to5ceo/ Follow Zena: https://www.instagram.com/zenadixoninc/?hl=en Follow Tramaine: https://www.instagram.com/9to5landlord414/ To schedule a consult with Zena: https://bio.site/zenadixoninc To learn how to be a landlord while having a 9-5: https://9to5landlord414.gumroad.com/l/fvtBQK?_ga=2.157441210.1619518119.1640008959-1646565909.1636855195&_gl=1*m7b8l7*_ga*MTY0NjU2NTkwOS4xNjM2ODU1MTk1*_ga_6LJN6D94N6*MTY0MDA2MDg0Ny4zOC4xLjE2NDAwNjExMjYuMA..
In this episode of Cash Flow Pro, we talk with Brock Mogensen, co-founder of Smart Asset Capital. Brock is based in Wisconsin and started investing in real estate about five years ago. It all started with him purchasing a duplex and instantly realizing the potential of real estate investments. Eventually, Brock came across syndication and created his own company. He quickly noticed that while he had the theory, he needed to grow his team with those with experience and found two partners. Smart Asset Capital is a vertically integrated real estate private equity investment firm focused on acquiring commercial assets that already have cash flow and perform well but benefit from creative and innovative strategies that have otherwise been overlooked in the market. In this episode, we discuss: The importance of experience or partnering with an expert Making sure you educate potential investors The word “guarantee.” Milwaukee real estate market Make sure to tune in to this episode to find out more! Find your flow, Casey Brown Resources mentioned in this podcast: smartassetcapital.com LinkedIn Brock Mogensen Instagram @brockmogensen
Brock Morgensen started his journey about 3 years ago with one duplex and had has eyes opened to cash flow and the power of real estate to build wealth and help others. He is now the founder of Smart Asset Capital, a vertically integrated real estate private equity investment firm in Milwaukee, Wisconsin. After leaving his job he is now a full-time real estate investor and we're going to dive into : - How to classify a good return in the syndication real estate space : why Brock was able to pool together multiple investors to get deals done and how he classifies a "SMART ASSET."- Underwriting Models & Analyzing Spreadsheets : what he would tell ANYONE looking at a deal and how to unlock the power of its cash flow. - Networking and Authenticity : How to position yourself as a deal maker and value bringer without over-embellishing your skillset and making long-lasting, lucrative connections. - Overcoming the fear of success : Why going from one fourplex to 89 has been the ride of his business life and the lessons he's learned in the process. and so much more!Connect with Brock : https://www.instagram.com/brockmogensenConnect with me : https://www.instagram.com/theoliverperryshow/Thank you to THE MORNING MEETUP for being our sponsor : The Morning MeetupSupport the show (https://www.buymeacoffee.com/theoliverperry)Support the show
Welcome to another episode of Passive Income Unlocked, where we focus on real estate and financial advice from one of the most successful entrepreneurs in the industry. Over the past two decades, Brock has created a name for himself as one of the top commercial real estate experts in the world. In this episode, Brock breaks down the mindset and motivation needed to succeed in real estate syndication. This is for anyone new to real estate syndication or anyone who wants to refine their skills, in order to achieve success. Let's jump right in and start with happiness and maintain a positive mindset! [00:00 - 03:34] Opening Segment I welcome Brock to the show The mindset needed in starting a business Brock reflects on his journey of personal growth [03:35 - 08:35] How Grant Cardone's works has influenced Brock The 10x Rule Aiming to be influential in 10 different areas of life Reaching your goals and tracking them [08:36 - 10:39] Closing Segment Final words See links below to connect with Brock Resources Mentioned: The 10x Rule - Grant Cardone Quotes: "Success is 80% mindset and 20% strategy." - Brock Mogensen ------------------------------------------------------------------------ You can connect with Brock through LinkedIn, or you can email him at brock@smartassetcapital.com. WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email sujata@luxe-cap.com Visit my website www.luxe-cap.com or my Youtube channel Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
A lot of people have the idea that they'd like to become a real estate investor at some point in their life whether is part-time, like me, or full-time, like Brock. This interview will dive into what it takes to become a full-time investor, the mindset behind it, and what that lifestyle looks like. Free Ebookhttps://lauren-s-school-bf04.thinkific.com/courses/real-estate-mindset-and-performance-ebookNew real estate agent coursehttps://lauren-s-school-bf04.thinkific.com/courses/new-real-estate-agent-courseReal Estate licensing course: https://trk.realestateexpress.com/?a=15232&c=158&p=r&s1=Book a free discovery call with me: https://calendly.com/lauplantecoaching/introInstagram: @LauplanteWebsite: https://msha.ke/laurenplantecoachingLets connect! Lauplantecoaching@gmail.com
Today we are joined with Brock Mogensen of Smart Asset Captial. What is real estate syndication? Not many know much about it, including our host Kiki, but Brock informs us. Including the benefits of it. You won't want to miss this one as he shares advice on getting in, and growing exponentially. Be sure to also check this episode out on YouTube!https://www.youtube.com/channel/UCIuAGdXk8jeN3EL_DsfE93BROCK MOGENSEN:Instagram: @brockmogensenWebsite: https://www.smartassetcapital.com/FOLLOW SIMPLY REAL ESTATE:Instagram: https://www.instagram.com/simplyrealestatenm/Facebook: https://www.facebook.com/SimplyRealEstateNMWebsite: https://www.simplyrealestatenm.com/PODCAST PRODUCED AND EDITED BY:Estevan CarrionInstagram: https://www.instagram.com/estevan_thebestavon/Youtube: https://www.youtube.com/channel/UChnTw9XnaokQ6_sTW9iB3HQ
Brock Mogensen has been investing in real estate for over three years. He lives and invests in the Milwaukee, WI market. He holds a masters in Information Systems and comes from an analytical background. Brock specializes in underwriting and incorporating data models for asset management. As a principal at Smart Asset Capital, the firm currently has over $8 Million in assets under management. His portfolio comprises multifamily, office, retail, and industrial classes. He is also a co-host of the largest monthly multifamily meetup in WI, which is the Wisconsin Apartment Investors Meetup. Let's dive into his story! [00:01 - 09:20] Opening Segment The power of his parent's two duplexes House hacking was their bonding What got into Brock's parents' interest in Real Estate The transition from IT to full time Real Estate What cut the cord What Brock and his team are working on What they do find attractive [09:21 - 19:10] Asset Management 101 with Brock Tracking KPIs Spreadsheet is a sufficient tool Recap into the things Brock likes to track Buying and Holding vs. Selling The Milwaukee market and its profitability [19:11 - 26:36] Brock in the Industrial Space The interest and demand Brokers for industrial Build good relationships with them. Like, seriously. How to stay on the top 5 The industrial facilities Brock has invested in [26:37 - 31:08] Closing Segment Mitigating common risks in industrial space Final Words Connect with my guests, Brock, in the links below Tweetable Quotes "The four units can do that, [big returns] can buy you a boat, what can I do if I buy 400?.” - Brock Mogensen "You have to be involved daily, weekly, to make sure this property is hitting performance and you're following your business plan.” - Brock Mogensen "Be pretty conservative!” - Brock Mogensen ------------------------------------------------------------------------ Connect to Brock: www.smartassetcapital.com Check out his Instagram WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email sujata@luxe-cap.com Visit my website www.luxe-cap.com or my YouTube channel Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
Brock Mogensen has been investing in real estate for over three years. He lives and invests in the Milwaukee, WI market. He holds a master's degree in Information Systems and comes from an analytical background. Brock specializes in underwriting and incorporating data models for asset management. As a principal at Smart Asset Capital, the firm currently has over $15 Million in assets under management. The portfolio is comprised of multifamily, office, retail, industrial, and self-storage. He is also a co-host of the largest monthly multifamily meetup in WI, which is the Wisconsin Apartment Investors Meetup. Let's tune in to his story! [00:01 - 03:40] Opening Segment Welcome to the podcast! Get to know our guest Brock Mogensen Bio How Brock started with a duplex and realized that real estate is an awesome thing Full-time real estate investor [03:41 - 22:48] Unconventional and Diversified Investing Strategies Investing in different types of asset classes one-by-one We could just figure out how to do it along the way An unconventional strategy What is a Triple Net Lease? CAM: You don't have to pay for the operating expenses! A strip mall, Brock and his team's first triple net lease deal Brock's industrial deals: Small deals, big numbers Why Brock's favorite class is industrial Apartments versus industrial Underwriting Differences Vacancies Conservative Numbers Rent Increases and Leases Everything won't go as planned but there are ways to maintain your numbers Raising capital and structuring his business A good de --- Send in a voice message: https://anchor.fm/ikedre/message
Industrial self-storage can be risky, but you just have to learn the fundamentals one by one. You can then stick to one fundamental and grow from there with the power of networking. Joining Sam Wilson today is a Managing Partner at Smart Asset Capital, Brock Mogensen. Brock also specializes in underwriting and incorporating data models for asset management. Join Sam and Brock as they talk about industrial real estate and some of the risks involved. Also, learn a thing or two about real estate underwriting today.Love the show? Subscribe, rate, review & share! https://www.brickeninvestmentgroup.com/podcast
Brock Mogensen went from completing one house hack to an 89-unit syndication. Self-taught and with limited commercial real estate investing experience, Brock was able to successfully pitch himself to partners. In this episode, Brock details how he crafted his winning pitch and the lessons he's learned diving headfirst into CREI. Brock Mogensen Real Estate Background Current full-time career: Real Estate Investor Company: Smart Asset Capital Current Portfolio: $10M AUM Years of real estate investing experience: 3.5 years Syndication: They buy several different asset classes (multifamily, industrial, retail, and self storage). Actively involved. Based in Milwaukee, WI Say hi to him at www.smartassetcapital.com www.capitalclub.io | www.howtoanalyzeadeal.com Best Ever Book: The 10x Rule by Grant Cardone Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss
Timeline [00:46] Introduction to the guest, Brock Mogensen. [02:12] Brock's bio and current professional roles. [03:00] One word that describes Brock. [05:08] Putting in the work to get where he is today. [06:26] Brock's backstory and how he landed in real estate. [08:31] Explanation on syndication and underwriting. [09:49] Where Brock's currently working and investing and what the market is like. [11:37] Brock's favorite asset class. [14:13] Cap rate differences between multi-family and industrial. [14:58] Underwriting strategy. [17:21] Underwriting differences between multifamily and industrial. [19:51] Brock's underwriting course. [21:22] Raising private equity as a beginner. [24:05] Favorite technology platforms for business. [25:20] Opinions on where the market is potentially headed. [27:15] How to get ahold of Brock, best resources. [27:52] Bonus question round. [29:01] Closing remarks. Contact Info Email: brock@smartassetcapital.com. Instagram: @brockmogensen Ecourse: howtoanalyzeadeal.com. Education platform: capital club.io Investing: smartassetcapital.com
Brock Mogensen has been investing in real estate for over three years. He lives and invests in the Milwaukee, WI market. He holds a masters in Information Systems and comes from an analytical background. Brock specializes in underwriting and incorporating data models for asset management. As a principal at Smart Asset Capital, the firm currently has over $15 Million in assets under management. The portfolio comprises multifamily, office, retail, industrial, and self-storage. He is also a co-host of the largest monthly multifamily meetup in WI, which is the Wisconsin Apartment Investors Meetup.
Brock Mogensen has been investing in real estate for about two years. He lives and invests in the Milwaukee, WI market. He holds a masters in Information Systems. Brock works full-time in database marketing while amassing a respectful real estate portfolio through syndication on the side. As a principal at Smart Asset Capital, the firm currently has over $6 Million in assets under management. This portfolio is made up of an 89 unit apartment complex, 20,000 sq ft of retail space, and 18,000 sq ft of office space. He is also a co-host of the largest monthly multifamily meetup in WI, which is the Wisconsin Apartment Investors Meetup. [00:01 - 10:34] Opening Segment Get to know Brock Mogensen A duplex house hack seemed the right choice Brock shares his real estate beginnings and current real estate journey How you can follow Brock's footsteps [10:35 - 24:06] Escaping the Rat Race in 3 Years: Psychology, Mindset, and Strategy What separates Brock's achievements from others' achievements The Best Partnerships: How and Why Brock's Entrepreneurial Spark Investing can be scary, here's how Brock got over his fear Taking risks to create extraordinary things Experiencing analysis paralysis and being too risky Brock shares about his exploratory adventure How to Build Your Competence and Confidence [24:07 - 32:01] Closing Segment Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started. What is the best investment you've ever made other than your education?Spending time and money into networking Brock's worst investmentTheir current office building What is the most important lesson that you've learned in business and investing?“Just really sticking to the numbers. The numbers never lie.” Connect with my guest. See the links below. Tweetable Quotes: “Networking is probably the biggest thing there is in real estate.” - Brock Mogensen “To really create anything extraordinary, you have to take risks.” - Brock Mogensen “Don't just take risks unnecessarily.” - Brock Mogensen ------------ Connect with Brock Mogensen through brock@smartassetcapital.com, Facebook, Instagram, and LinkedIn. Visit their website https://www.smartassetcapital.com/. Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate 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. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes
CRE SharkEye Commercial Real Estate Show Hosted BY Yishai Breslauer
Brock Mogensen has been investing in real estate for over two years. He lives and invests in the Milwaukee, WI market. He holds a masters in Information Systems and comes from an analytical background. Brock specializes in underwriting and incorporating data models for asset management. As a principal at Smart Asset Capital, the firm currently has over $10 Million in assets under management. The portfolio is comprised of multifamily, office, retail, industrial, and self-storage. He is also a co-host of the largest monthly multifamily meetup in WI, which is the Wisconsin Apartment Investors Meetup. https://www.smartassetcapital.com/ https://www.smartassetcapital.com/education IG:brockmogensen The CRE SharkEye Show https://www.youtube.com/channel/UCOjDYdAfpkrXzgUSRGt959w The 7 Day CRE Challenge https://lnkd.in/dg8ptDN The best 6 secrets of commercial real estate https://lnkd.in/dZkCUFR
Great conversation with Brock today as he shares his success of starting with a duplex and then leveling up to an 89 unit apartment building. Many ways to accomplish this by being a partner in win TIC (Tenants in Common), LLC (Limited Liability Corporation) with partnersas well as a Joint Ventures (JV). Get connected with Brock and learn more on how to get your wealth thru real estate investing. Email: brock@smartassetcapital.com Web Site: Smartassetcapital.com
On this episode, we're talking real estate syndication, asset management, and data driven investing with Founder and General Partner at Smart Asset Capital, Brock Mogensen!Watch at YouTube.MatthewMa.com!Founder and General Partner at Smart Asset Capital, Brock Mogensen started out with one duplex and built a successful syndication company with over $10 million in current assets that include multifamily, retail, office, self storage, and industrial properties. With an MBA and background in business, Brock leverages his expertise in data analysis to find deals, raise capital, and manage company assets to cultivate profitable investments for his clients. Reach out to Brock Mogensen at brock@smartassetcapital.com.Connect:Facebook: https://www.facebook.com/SmartAssetCapital/LinkedIn: https://www.linkedin.com/company/smart-asset-capital/Website: https://www.smartassetcapital.com/Leave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.
On this episode, we're talking real estate syndication, asset management, and data driven investing with Founder and General Partner at Smart Assets Capital, Brock Mogensen!Watch at YouTube.MatthewMa.com!Founder and General Partner at Smart Assets Capital, Brock Mogensen started out with one duplex and built a successful syndication company with over $10 million in current assets that include multifamily, retail, office, self storage, and industrial properties. With an MBA and background in business, Brock leverages his expertise in data analysis to find deals, raise capital, and manage company assets to cultivate profitable investments for his clients. Reach out to Brock Mogensen at brock@smartassetcapital.com.Connect:Facebook: https://www.facebook.com/SmartAssetCapital/LinkedIn: https://www.linkedin.com/company/smart-asset-capital/Website: https://www.smartassetcapital.com/Leave a review on iTunes and let me know what you think !Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.
Join Blake Dailey, the Multifamily Journey Podcast host, with his guest Brock Mogensen as they talk about how to start meetups of your own and manage your assets through networking and leveraging. Brock is the founder of Smart Asset Capital, a private equity real estate investment firm that focuses on acquiring multifamily assets. They target well-performing properties that can still benefit from innovative value-adding strategies to optimize returns and net operating income. Brock also believes that one should always raise some extra capital for any unforeseen event and do proper homework before making any investment decisions. Hence, Smart Asset Capital strives to be exceptionally informative and candid with investors and tenants, believing that consistent communication is essential to productive and profitable partnerships. In this episode, you'll learn: ● What got Brock into real estate, and why he started meetups solely for multifamily. ● How to start meetups of your own by finding a specific market and getting the word out. ● The importance of networking and how to leverage your team's skills to get more done. ● Ways to optimize your net operating income from managing different commercial assets. ● The value of property management to decrease response time and, in turn, generate more leads. ● And much more! About Brock Mogensen: Brock Mogensen has been investing in real estate for about two years. Brock lives and invests in the Milwaukee, WI market. He holds a master's in Information Systems, specializing in underwriting and incorporating data models for asset management. Brock first invested in a duplex, but he moved on to larger-scaled deals after his success with this investment. After a while, Brock founded Smart Asset Capital, a vertically integrated real estate private equity investment firm with a laser focus on acquiring multifamily assets. They aim for properties that already cash flow and perform well but can still benefit from creative and innovative strategies that have otherwise been overlooked in the market. Their objective is to assist their investors in preserving their capital and building long-term wealth. Currently, the firm has over $7 Million in assets under management. This portfolio comprises an 89 unit apartment complex, 20,000 sq ft of retail space, and 18,000 sq ft of office space. They operate primarily in the Midwestern United States, focusing on B and C class income-producing assets in emerging areas. You can find Brock Mogensen on: Website Instagram Connect with Blake Dailey and the Multifamily Journey on: LinkedIn Facebook Account Facebook Page Instagram Website Youtube --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/multifamilyjourney/support
Want to become financially free through real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-bookIn this episode, we dive deep into the details of a deal with Brock Mogensen. Brock Mogensen goes into specifics of how the deal was found, financed, exited and the biggest lessons learned, so buckle up, grab your pen and paper and get ready for some wisdom bombs!Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.************************************************************************GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESSLEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-bookCONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-servicesWATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshowMASTERY -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com************************************************************************ABOUT THE REAL ESTATE INVESTING CLUB SHOWThe Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips as a real estate investor. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family flips and rentals, to multifamily syndication!#realestateinvesting #passiveincome #realestateSupport the show (https://paypal.me/GabrielWPetersen?locale.x=en_US)
Want to become financially free through real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book"In this episode of The Real Estate Investing Club I interview Brock Mogensen, Brock Mogensen has been investing in real estate for over two years. He lives and invests in the Milwaukee, WI market. He holds a masters in Information Systems and comes from an analytical background. Brock specializes in underwriting and incorporating data models for asset management. As a principal at Smart Asset Capital, the firm currently has over $8 Million in assets under management. The portfolio is comprised of multifamily, office, retail, and industrial. He is also a co-host of the largest monthly multifamily meetup in WI, which is the Wisconsin Apartment Investors Meetup.. Brock Mogensen is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Brock Mogensen? Reach out at www.smartassetcapital.com."Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.************************************************************************GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESSLEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-bookCONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-servicesWATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshowMASTERY -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com************************************************************************ABOUT THE REAL ESTATE INVESTING CLUB SHOWThe Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips as a real estate investor. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family flips and rentals, to multifamily syndication!#realestateinvesting #passiveincome #realestateSupport the show (https://paypal.me/GabrielWPetersen?locale.x=en_US)
Today we speak with Brock Mogensen about the mistakes he made as a rookie real estate investor, and how he has developed his processes to iron our potential problems in the future. To kick things off, we ask Brock to share a little on his professional history and his first deal. He touches on the importance of due diligence, and why it is important to meet with tenants on-site. Following this, Brock tells how he and his partners managed a 50% eviction rate and why they avoided a capital call. Later in the show, Brock tells us why it is important to know how to perform asset management yourself, and why you shouldn't leave it up to property management companies. Before we say goodbye to Brock, we ask him to tell us about his asset management superpower and how it helps him. To hear more on overcoming beginner mistakes and how to create success in real estate, be sure to join us today!Key Points From This Episode:Introducing today's guest, Brock Mogensen.Brock shares his background and professional history. Hear Brock's take on due diligence and the errors he's made over the years.How Brock got through 50% evictions in his first deal.How Brock's team coped without doing a capital call.The biggest lesson Brock learned from his first deal.The experience that gave Brock the edge to come up with solutions quickly.Brock's asset management superpower.Tweetables:“Every time you go through due diligence — we kind of think of some stuff that could possibly be added and are always finding our list of topics to go through. It's just an extensive process.” — Brock Mogensen [0:02:43]“The past year, we turned it around and it's now gone from the problem property on the block to the best one.” — Brock Mogensen [0:03:47]“I've learned that asset management is really what makes the returns.” — Brock Mogensen [0:05:45]Links Mentioned in Today's Episode:Brock MogensenBrock Mogensen on InstagramAsset Management Mastery Facebook GroupAsset Management MasteryKyle Mitchell on LinkedInGary Lipsky on LinkedInGary Lipsky on TwitterRedIQGarzella Group
Brock Mogensen A Successful Real Estate Investor from Milwaukee Today Dr. Allen chats with Brock Mogensen, a successful real estate investor from Milwaukee. Brock Mogensen has been investing in real estate for about two years. He lives and invests in the Milwaukee, WI market. He holds a master's in Information Systems and comes from an analytical background. Brock specializes in underwriting and incorporating data models for asset management. Initially, Brock started investing in duplex. After success in this investment, he went for larger deals. As a principal at Smart Asset Capital, the firm currently has over $7 Million in assets under management. This portfolio is made up of an 89 unit apartment complex, 20,000 sq ft of retail space, and 18,000 sq ft of office space. He believes that one always raise some extra capital for any unforeseen event. The key success learning is to do proper homework before taking any investment decisions In today's chat, listen to Brock's journey from a small duplex investor to the principal at Smart Asset Capital. He inspires us with his example of hard work and dedication to a goal where one can achieve all the success in life. 3 Key Points from the episode: First, define the investment path you really wanted to go to. Don't be scared to invest your time in learning Beware from quick and greedy deals. Connect with Brock: www.smartassetcapital.com brock@smartassetcapital.com -=-=-=-=-=-=-=-=-=-=-=-=-=-=Steed Talker =-=-=-=-=-=-=-=-=-=-=-=-=-=- Download our FREE Guide to PREDICTABLE, RELIABLE, PASSIVE INCOME TO LIVE LIFE ON YOUR OWN TERMS -=-=-=-=-=-=-=-=-=-=-=-=-=-=Steed Talker =-=-=-=-=-=-=-=-=-=-=-=-=-=- Want to appear on our podcast? Contact Us Learn how you can passively put your hard-earned money to work for you through multifamily syndication: Steed Talker Capital
Are you looking to get into investing during the Covid-19 pandemic? In this episode of Passion for Real Estate Investments, Fuquan talks to Co-Creator of Smart Asset Capital, Brock Mogensen, about navigating the real estate industry as a newer investor during the Covid-19 pandemic. From house hacking his first duplex, to co-founding a successful company, Brock has been able to attain success in a relatively short space of time. Brock started learning about the real estate industry around 3 years ago, and bought his first duplex a year later. In the 6 months that followed, he made the decision to focus on the syndication aspect of real estate, specifically underwriting. He then found 2 business partners with expertise in other aspects of real estate, and they co-founded Smart Asset Capital. Within 1 year, they've closed deals that include an 89-unit apartment building, and office space in a strip mall. Today, Brock gives back through his informative blogs and eBooks, and he runs the largest apartment investors meetup in Wisconsin. How has the Covid-19 pandemic affected Brock's business? He emphasized the importance of communication, and we hear his plan for the rest of the year. What has he put in place to protect his business from a future downturn in the market? If you're interested to get into investing, even during the Covid-19 pandemic, or you want to learn more about syndication and underwriting, this episode is for you. Highlights from the interview * Within the 2 years that Brock has been involved in real estate, he has managed to co-found a company, and build up a sizeable portfolio. * Surprisingly, their office building and strip mall collections are doing better than their apartment collections, contrary to national data trends. * Constant communication is vital for pivoting businesses during the current situation. * Focus on one aspect of the industry, and be good at that one part. * “Obviously you have to understand the different components of it, but don't try to be an expert in the whole subject. There are a million different things that go into these big deals; pick one piece of the puzzle.”
Are you looking to get into investing during the Covid-19 pandemic? In this episode of Passion for Real Estate Investments, Fuquan talks to Co-Creator of Smart Asset Capital, Brock Mogensen, about navigating the real estate industry as a newer investor during the Covid-19 pandemic. From house hacking his first duplex, to co-founding a successful company, Brock has been able to attain success in a relatively short space of time. Brock started learning about the real estate industry around 3 years ago, and bought his first duplex a year later. In the 6 months that followed, he made the decision to focus on the syndication aspect of real estate, specifically underwriting. He then found 2 business partners with expertise in other aspects of real estate, and they co-founded Smart Asset Capital. Within 1 year, they've closed deals that include an 89-unit apartment building, and office space in a strip mall. Today, Brock gives back through his informative blogs and eBooks, and he runs the largest apartment investors meetup in Wisconsin. How has the Covid-19 pandemic affected Brock's business? He emphasized the importance of communication, and we hear his plan for the rest of the year. What has he put in place to protect his business from a future downturn in the market? If you're interested to get into investing, even during the Covid-19 pandemic, or you want to learn more about syndication and underwriting, this episode is for you. Highlights from the interview Within the 2 years that Brock has been involved in real estate, he has managed to co-found a company, and build up a sizeable portfolio. Surprisingly, their office building and strip mall collections are doing better than their apartment collections, contrary to national data trends. Constant communication is vital for pivoting businesses during the current situation. Focus on one aspect of the industry, and be good at that one part. “Obviously you have to understand the different components of it, but don't try to be an expert in the whole subject. There are a million different things that go into these big deals; pick one piece of the puzzle.”
Decision-making is an incredibly important skill for real estate entrepreneurs to have. But with so much information, it can difficult to make decisions quickly. This is where data comes in. Not only can it help with making choices, but it can also reduce risk and increase operational efficiency. Brock Mogensen, our guest today, has spent his time in real estate drawing on data to make sound judgments, and it has stood him in great stead. We kick off the episode by learning about Brock's transition from house hacking to full-time syndication.Our gracious sponsor: Gene Trowbridge and Jonathan Nieh, founding partners of the top syndication firm Trowbridge Law Group LLP have a legal team with over 50 years of combined experience in real estate syndication and the practice of real estate securities law. Over this time Gene and his partners, in several past firms and currently, have helped clients raise close to $5.0 billion dollars in offerings by empowering entrepreneurs to raise capital legally. To learn more about Trowbridge Law Group LLP, visit our website at www.trowbridgelawgroup.com or follow us on Facebook, Instagram, or Twitter.