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

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: 

• Bakerson

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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.

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