Updated over 9 years ago on . Most recent reply
Transitioning
I've been a real estate investor for 9 years, I started out on the legal and lending sides of things, did one flip and several spec homes, finally settling in the fix and rent sort of buy & hold strategy about 5 years ago. About a year later, I recognized the limitations in SFH in terms of financing options and viable strategies in high price markets like the D.C. Maryland, Virginia markets that I operate in, I started on this path to commercial real estate investing.
This is really the year that I've finally made the move to get out of my comfort zone of SFHs and direct ownership of properties. I am starting to liquidate my SFH portfolio and investing as an equity partner with others. We've already closed two deals this year. The first one is a $18 million build-to-suit office building. The second is a $6 million apartment complex (98 units).
I am very excited about this development because I am no longer doing everything on my own. Instead, I am able to team up with folks who have more experience, skills and manpower. I know there is no one strategy that works for everyone but I am a true believer that real estate is a team sport, we all need to work with each other.