Wealth Through Multifamily Real Estate With Sergio Pejoves
Sergio Pejoves is the founder of Worth Avenue Capital Group, a FL Company that is dedicated to acquire Multifamily Apartments opportunities in fast appreciating Markets with the purpose of creating value for Our Investors, Partners and making significant changes to the Community.
Watch the episode here:
Listen to the podcast here:
Key Points From This Episode:
How did you get started in real estate? What was your biggest lesson?
If you were to start over, would you get started in Real Estate the same way?
What are some strategies you have been using to build your wealth through real estate?
What signs do you always look for when you are trying to find that “home run” real estate deal?
How do you see the market affecting real estate right now, and is now a good time to get started?
About Sergio Pejoves
Sergio Pejoves is the founder of Worth Avenue Capital Group, a FL Company that is dedicated to acquire Multifamily Apartments opportunities in fast appreciating Markets with the purpose of creating value for Our Investors, Partners and making significant changes to the Community. Sergio is a graduate of the Business Administration and Marketing school of the Peruvian Institute of Administration. Following his time in school, Sergio successfully ran his family business in Peru for several years, before moving to the United States in 1999 where he was introduced to the Mortgage Industry in El Paso, Texas. Through hard work and dedication, he became a licensed real estate agent and a top producing Million -Dollar mortgage originator in the West Texas Region.
In 2006 he moved to Houston where he focused his career in real estate investments. With a passion and dedication to real estate, he applied his vision, knowledge, and experience to begin acquiring distressed real estate to renovate and resell in Houston Metro Area, with His unique eye for design and vision for what could be, he ensured each project was a true success.
In 2012 Sergio founded Project Bungalows, a high-end rehab and new construction company dedicated to developing and rehabilitating distressed bungalows in the Greater Heights area in Houston Texas. Mr. Pejoves has been investing in Houston residential real estate both as a developer and real estate investor. Mr. Pejoves has bought, developed and SOLD more than $12M worth of Luxury Real Estate in the Houston Heights Area. To learn more please visit www.projectbungalows.com . In addition to his retail operations,
Mr. Pejoves manages Houston Flippers, a Wholesale Platform for Real Estate Investors bringing deeply discounted properties to its partners and preferred real estate investors, he has wholesaled millions of dollars in equity. If you would like to learn more, please visit: www.houstonflippers.com.
In 2018/2019 he acquired a large Portfolio of SFR, Duplexes and 10 plex totaling 175 affordable housing Units in the Milwaukee, Wisconsin Market. The plan was to stabilize & reposition the portfolio and resale within 2 -3 years. In 2021 he sold the total portfolio making the largest transaction ever closed in Sergio’s career.
With his prior experience, he has been exposed to several new opportunities. In 2020 Mr. Pejoves opened operations in Florida markets. He founded Worth Avenue Capital Group which primarily focuses on multi-family projects nationwide, he successfully closed on a 92 Units Apartment Portfolio in Daytona Beach, FL, a value-add Opportunity with a $16.5M projected valuation to increase in double by late 2022. In 2021 he continued to expand his Multifamily Portfolio and acquired a 51 Units Boutique Apartment which he plans to fully rehabilitate and rebrand to Luxury Product, a $12M projected valuation. In 2021 he also joined forces and partner up to close on a 136 units, $18M price tag, B Class Apartment Complex in Tallahassee, FL. In addition to his current portfolio, he plans to add 500 more units by the end of 2022. Mr. Pejoves has a long record of successful projects, ventures, satisfied clients and business partners.