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Archive of Brad Johnson

Brad is the co-founder of Park Street Partners, a private real estate investment firm focused on mobile home park investments. Park Street Partners seeks to deliver outsized cash flow returns through syndicated real estate investments to help its investors achieve their financial goals.

Brad has written 11 articles for The BiggerPockets Blog.


General Real Estate

Negotiating Seller Financing: The Definitive Guide

by Brad Johnson July 20, 2014
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I love seller financing. No bank, no recourse, no fuss. Unfortunately, finding sellers willing to offer financing is not easy, but it’s worth the pursuit. Seller financing is probably more common to my real estate investment niche (mobile home parks) than others, but just about any deal with a low existing loan balance (or owned […]

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Retirement

Investing In Real Estate Is Better For Retirement – PERIOD!

by Brad Johnson May 27, 2014
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I talk to a fair amount of baby boomers who are preparing to retire. I’m often surprised how many of these individuals, including some very wealthy people, have no idea whether or not they have saved enough to fund their desired lifestyle through retirement. You can hear the anxiety in their voices when they start […]

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General Real Estate

Real Estate vs. Bonds: “Inflation Shelter” vs. “Naked and Afraid”

by Brad Johnson May 6, 2014
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The investment debate concerning real estate vs bonds isn’t exactly a fair fight these days. As of 5/2/14, the US 10 year Treasury is yielding 2.6%, whereas average real estate cap rates (essentially an unlevered yield) range from 4.5% to 7.5% depending on the market and asset type. As these are average cap rates, some […]

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General Real Estate

The Easiest Way to Find “Off Market” Deals: Pocket Listings

by Brad Johnson April 29, 2014
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The off market deal – the white whale of real estate. Every real estate investor wants one (or 100), but how do you find these elusive deals? First, let’s review some off market deal categories: Delusional Off Market – “Sure, I’ll sell…if you offer me a ridiculous price”. Unmotivated Off Market – “I really like […]

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General Real Estate

Dissecting an IRR: A Quick Way to Assess Investment Risk

by Brad Johnson April 22, 2014
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When considering various real estate investment options, it’s tempting to just pick investments that offer the highest pro forma IRR (aka the discount rate that would make the present value of a series of cash flows equal to zero; which is a fancy way of saying an investment’s total return). While I imagine there are […]

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Commercial Real Estate

Compelling Tax Benefits of Real Estate Syndication

by Brad Johnson April 15, 2014
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Real estate syndication offers passive investors an opportunity to realize current income while increasing equity through forced principal pay down and asset appreciation. These structural advantages help make direct real estate investments an attractive alternative to bonds, stocks or REITS. However, real estate’s tax benefits – which are largely undervalued (or ignored) by investors when […]

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Real Estate

Mobile Home Park Investing: Legal Tax Reduction Strategies

by Brad Johnson April 7, 2014
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Taxes are always top of mind this time of year. But shouldn’t tax mitigation be top of mind year round? It’s shocking how little attention most investors devote to tax planning within their investment portfolios. Last time I checked, a dollar saved in taxes is a just as valuable as a dollar earned. It’s not […]

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Commercial Real Estate

Passive Real Estate Investments vs REITs

by Brad Johnson March 31, 2014
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Why screen private real estate investments and deal with sponsors and the paperwork (subscription agreement, operating agreements, etc.) required to invest passively in real estate when you simply buy the shares of a publicly traded real estate investment trust? Here are a few reasons to invest in direct real estate instead (or in addition to) […]

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Real Estate

Two Types of Real Estate I’ll NEVER Invest In

by Brad Johnson March 24, 2014
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I generally try to avoid blanket statements such as this, but I’m confident I will never invest in the following two types of real estate: 1. A Speculative Development Project I know, I know some of the most successful real estate investors in the world have made vast fortunes and built empires through development. I […]

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Real Estate

Find Better Real Estate Deals by Being Anticompetitive

by Brad Johnson March 17, 2014
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Why is it so difficult to find a great deal on an apartment building in a major metro area these days? Why are profit margins tightening in the best markets for single-family rentals? The answer is fairly simple; cap rates (unlevered yields) on these assets are compressing due to increased investor demand. As the economy […]

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Real Estate Investing

Real Estate Investment Advice From Warren Buffett

by Brad Johnson March 10, 2014
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If you’ve ever longed for real estate investing advice from the “Oracle of Omaha,” your wait is over. In his latest shareholder letter (released March 1st, 2014), Warren Buffett shares the details and lessons learned on two of his real estate investments that – spoiler alert – were wildly successful. Real Estate Investment #1 – […]

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