How to Scale Commercial Real Estate

Key Steps to Take To Reposition Undesirable C-class Assets with Bruce Wuollet

February 16, 2021 Sam Wilson Season 1 Episode 79
How to Scale Commercial Real Estate
Key Steps to Take To Reposition Undesirable C-class Assets with Bruce Wuollet
Chapters
How to Scale Commercial Real Estate
Key Steps to Take To Reposition Undesirable C-class Assets with Bruce Wuollet
Feb 16, 2021 Season 1 Episode 79
Sam Wilson

Bruce Wuollet is the Founder, Visionary, and current owner of Bakerson. He has a proven track record of success throughout Bakerson’s nearly 18 years in business, with thousands of individual units bought, repositioned, and sold.    

[00:01 – 07:22] Opening Segment

  • Let’s get to know Bruce Wuollet
  • Bruce talks about his background
    • The History of Bakerson
    • Getting into wholesaling
    • Faltering and starting over
    • Buy, Fix, and Sell
  • Goals for 2021

[07:23 – 19:21] Key Steps To Take to Reposition Undesirable assets

  • Bruce talks about the idea for Buy, Fix, and Sell
    • Redefining Value-add
  • Determining their niche in the real estate space
  • Repositioning and removing problems to remove the problem makers
  • Strategies to turn around undesirable assets
    • Have a vision and build a team around that vision
  • Things to do after purchasing class C assets
    • Audit the leases
    • Secure the units to make sure they look decent
    • Meet minimum requirements for crime-free multi-housing
  • Crime-free rating benefits to properties
  • Effect of 2020 to these asset classes

[19:22 – 20:56] Closing Segment

  • Bruce’s advice to aspiring investors
    • Listen to those that have gone before
  • How Bruce stays on top of his game
  • His way to make the world a better place
  • How to reach out to Bruce – links below
  • Final words


Tweetable Quotes:

“If you take care of the problems, the problem makers, the trouble makers will leave.” - Bruce Wuollet 

“Anybody who’s been in real estate a long time learns from the battle scars.” - Bruce Wuollet

“Listen to those that have gone before.” - Bruce Wuollet


Resources Mentioned: 


------------------------------------------------------------------------------------------


Connect with Bruce send him an email at [email protected] or call him 520-808-9111


Connect with me:

I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.

Call: 901-500-6191

Facebook

LinkedIn

Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! 

Email me --> [email protected]

Show Notes

Bruce Wuollet is the Founder, Visionary, and current owner of Bakerson. He has a proven track record of success throughout Bakerson’s nearly 18 years in business, with thousands of individual units bought, repositioned, and sold.    

[00:01 – 07:22] Opening Segment

  • Let’s get to know Bruce Wuollet
  • Bruce talks about his background
    • The History of Bakerson
    • Getting into wholesaling
    • Faltering and starting over
    • Buy, Fix, and Sell
  • Goals for 2021

[07:23 – 19:21] Key Steps To Take to Reposition Undesirable assets

  • Bruce talks about the idea for Buy, Fix, and Sell
    • Redefining Value-add
  • Determining their niche in the real estate space
  • Repositioning and removing problems to remove the problem makers
  • Strategies to turn around undesirable assets
    • Have a vision and build a team around that vision
  • Things to do after purchasing class C assets
    • Audit the leases
    • Secure the units to make sure they look decent
    • Meet minimum requirements for crime-free multi-housing
  • Crime-free rating benefits to properties
  • Effect of 2020 to these asset classes

[19:22 – 20:56] Closing Segment

  • Bruce’s advice to aspiring investors
    • Listen to those that have gone before
  • How Bruce stays on top of his game
  • His way to make the world a better place
  • How to reach out to Bruce – links below
  • Final words


Tweetable Quotes:

“If you take care of the problems, the problem makers, the trouble makers will leave.” - Bruce Wuollet 

“Anybody who’s been in real estate a long time learns from the battle scars.” - Bruce Wuollet

“Listen to those that have gone before.” - Bruce Wuollet


Resources Mentioned: 


------------------------------------------------------------------------------------------


Connect with Bruce send him an email at [email protected] or call him 520-808-9111


Connect with me:

I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.

Call: 901-500-6191

Facebook

LinkedIn

Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! 

Email me --> [email protected]