Karl got his start in real estate flipping houses. His business has always focused on acquiring and renovating significantly under market value properties in areas experiencing tremendous market appreciation.

 

As Karl diversified and scaled his business, real estate development was the natural next step and it is now the primary focus of Auroras Investment Group. Before real estate, Karl obtained his MBA from Palm Beach Atlantic University. He left a position of 10 years (to pursue real estate investment full-time) where he was running strategic planning and business development for a business services healthcare company that grosses $100M annually.

 

[00:01 – 09:52] Opening Segment

Get to know Karl Krauskopf

Why you should bulk buy materials for development projects

How Aurora Investment Group approaches value add apartment projects

How to find and work with townhome developers in Seattle

 

[09:53 - 17:20] The Ground Up Development Process

Developers Struggle with Cost of Materials

Karl discusses the strong disconnect between what we're underwriting and what the developer is going to be underwriting

Seattle's concrete strike causes increased costs for small and mid-size projects

 

[17:21 – 28:50] Pro-Tips for Developers

Developer gets ready to hit the ground running on new projects

Real estate developers are seeing strong market conditions, but need to be capable of managing their own money

 

[28:51 – 38:20] Closing Segment

Quick break for our sponsors

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What is the best investment you've ever made other than your education?

Time and relationships

Karl’s worst investment

Investing in things he did not understand

What is the most important lesson you’ve learned in business and investing?

“Building a roadmap of employees and influencing others”

“Know what you’re getting into.”

Connect with Karl Krauskopf through [email protected], https://www.aurorasinvestmentgroup.com, Facebook, and LinkedIn.

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.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

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Tweetable Quotes:

“Investing in relationships and investing in time in others is absolutely something that early in my career, I took advantage of and did not do as well as I intend to do now.” – Karl Krauskopf

“What I like about the commercial multifamily space is we're able to perform that due diligence.” – Karl Krauskopf