Aundre is a seasoned real estate investor with multifamily properties in Brooklyn, NY and Yonkers, NY. He has transaction experience in short sales, REOs, FSBO, and completed multiple gut renovations for 13 years. Aundre’s role as a founding partner at AoRa is to find, evaluate, and prepare deals to be underwritten by lenders and investors. He implements various strategies to find off-market deals that are either undervalued development sites or add-value acquisitions. Once acquired, he helps manage the process from start to finish, working alongside the team, ensuring the latest technologies are applied for the most efficient and expedient building methods. Aundre prioritizes sustainability, through the utilization of renewable energy sources, municipal tax incentives and programs, virtual doorman and assistants, property management solutions, and modular building. As a result, these practices, increase IRR for investors and the firm. Aundre has completed the Cornell commercial real estate program. The program covers all aspects of a commercial deal including acquisition, managing development, financing the deal, creative financing, property management, asset management, and underwriting.
[00:01 - 10:41] Opening Segment
Get to know Aundre Oldacre
Developers in the New York City Area
Big on renewable and sustainable energy
What is modular building and construction?
Modular construction versus traditional construction
Bringing advanced robotics
The cost of construction and better environment for workers
Building Technology and Information Systems
Aundre and company’s focus
[10:42 - 24:53] Revolutionizing Real Estate Development
How high can you go?
44 Stories in the UK and higher by the year
Let’s talk logistics
A module box
Technology and the financial dynamics
How finalized is a modular construction?
The Current Level of Adoption of Modular Construction
Modular Construction Factories
The Future of Modular Construction
[24:54 - 37:02] Closing Segment
Quick break for our sponsors
Groundfloor 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?
Aundre’s first house purchase
Aundre’s worst investment
A 110-unit building
What is the most important lesson that you've learned in business and investing?
Creative financing and creative strategies
Connect with my guest. See the links below.
Resource Mentioned:
PACE Programs
Tweetable Quotes:
“The modular is not for every site… it's not for every site, but I would say more often than not that you can do modular.” - Aundre Oldacre
“It all starts with the beginning. Humble beginnings with one property that did well, that got you on the road to being able to be financially free, and then concentrate on what's really important.” - Aundre Oldacre
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Connect with Aundre Oldacre through [email protected], Instagram and LinkedIn. Visit their website https://aoradev.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/
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