Aundre is a seasoned real estate investor with multifamily properties in Brooklyn, NY and Yonkers, NY. He has transaction experience in short sales, REOs, FSBO, and completed multiple gut renovations for 13 years. Aundre’s role as a founding partner at AoRa is to find, evaluate, and prepare deals to be underwritten by lenders and investors. He implements various strategies to find off-market deals that are either undervalued development sites or add-value acquisitions. Once acquired, he helps manage the process from start to finish, working alongside the team, ensuring the latest technologies are applied for the most efficient and expedient building methods. Aundre prioritizes sustainability, through the utilization of renewable energy sources, municipal tax incentives and programs, virtual doorman and assistants, property management solutions, and modular building. As a result, these practices, increase IRR for investors and the firm. Aundre has completed the Cornell commercial real estate program. The program covers all aspects of a commercial deal including acquisition, managing development, financing the deal, creative financing, property management, asset management, and underwriting.

[00:01 - 10:41] Opening Segment

• Get to know Aundre Oldacre
  • Developers in the New York City Area
  • Big on renewable and sustainable energy
• What is modular building and construction?
• Modular construction versus traditional construction
• Bringing advanced robotics
• The cost of construction and better environment for workers
• Building Technology and Information Systems
• Aundre and company’s focus

[10:42 - 24:53] Revolutionizing Real Estate Development

• How high can you go?
  • 44 Stories in the UK and higher by the year
• Let’s talk logistics
  • A module box
• Technology and the financial dynamics
• How finalized is a modular construction?
• The Current Level of Adoption of Modular Construction
• Modular Construction Factories
• The Future of Modular Construction

[24:54 - 37:02] Closing Segment

• Quick break for our sponsors
  • Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
• What is the best investment you've ever made other than your education?
  • Aundre’s first house purchase

• Aundre’s worst investment

  • A 110-unit building

• What is the most important lesson that you've learned in business and investing?

  • Creative financing and creative strategies
• Connect with my guest. See the links below.

Resource Mentioned:

• PACE Programs

Tweetable Quotes:

“The modular is not for every site… it's not for every site, but I would say more often than not that you can do modular.” - Aundre Oldacre

“It all starts with the beginning. Humble beginnings with one property that did well, that got you on the road to being able to be financially free, and then concentrate on what's really important.” - Aundre Oldacre

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Connect with Aundre Oldacre through info@aoradev.com, Instagram and LinkedIn. Visit their website https://aoradev.com/.

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