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
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- 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
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- We could just figure out how to do it along the way
- An unconventional strategy
- What is a Triple Net Lease?
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- 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
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- Apartments versus industrial
- Underwriting Differences
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- 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
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