Hengjiang Mu - $27M, 460 Units On The Spot; How To Buy Distressed Properties and Add Value
Description
Our guest for today is Hengjiang Mu, Co-Founder of All States Capital Group, LLC. All States Capital is a leading commercial and multifamily real estate investment company that buys distressed properties then adds value to them. Their value-add approach is called the ASCG Model, which Mu happily breaks down for us in this episode.
Let’s dive right and learn the secrets to transform distressed assets into value-add properties!
[00:01 - 05:21 ] Opening Segment
- Who is Hengjiang Mu?
- His path to real estate from China
[05:22 - 12:06 ] The Secret to Get Started
- Mu talks about this business model that worked for him
- He lays out his steps to learn real estate from scratch
- The 3 keys to start in real estate for Mu
[12:07 - 26:44 ] A Proven Business Model
- The strategy that can make investing easier and less risky?
- Mu explains
- Mu tells us why real estate is a team sport
- Mu breaks down their process to buy distressed value-add properties
[26:45 - 31:35 ] Creative Financing Tips
- Why Mu loves creative financing deals
- How to respond to deals that didn’t work
[31:36 - 34:59 ] Closing Segment
- Connect with Mu! Links below
- Final words from Mu and me
Tweetable Quotes:
“You don’t need to know everything to get a start. There’s nothing like a perfect time to start [in real estate].” - Hengjiang Mu
“Commercial real estate is nothing like a one-person show” - Hengjiang Mu
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Connect with Mu on LinkedIn and Facebook. Visit All States Capital Group LLC to learn more about their work.
Guest email: mu@ascgus.com
Connect with me:
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