All Forum Posts by: Jordan Archer

Hello BP,

I’m an active investor, flipper and realtor (#3365094) in the South Florida Real Estate Market. Over the past 2 years I’ve purchased, sold, rehabbed and managed dozens of single family and multi-family properties in Palm Beach, Martin and Saint Lucie Counties.

Now, I'm building capital for the acquisition of a 10 - 30 unit apartment complex, with an approximate COC return of over 15%.

Any and all property management would be handled by me, so your investment would be completely passive. I am also affiliated with the NRT Property Frameworks property management team, and have a list of qualified referrals.

Due to the property size, I expect I'll require at least $1mil for the downpayment on an 80% LTV loan...depending on how much I can get the seller to carry back.

I'm pursuing markets with great job growth and stable economic situations. Also, the properties that I consider will be ones where I'll have the opportunity to force appreciation through minor renovation and increased rents; the properties will already have equity when they're purchased. Further, I am only considering properties that can be acquired at CAP rates higher than market average.

I've gained some momentum identifying properties of this nature through pocket listings brokers have sent me from Orlando, FL. I'm continuing to build relations with brokers in other cities as well.

Let me know if you or your affiliates are interested in working with me on a future project.

Thanks,

Jordan Archer

772-577-0084

@Brian Adams Will you be my mentor?

Seriously though, this is absolutely incredible. I'm beyond inspired by this post, and look up to you for what you were able to do. I know this was posted a few years back so I'd love to hear how the project is going now, and what else you've been involved with.

Thanks for your post!

Hello BP,

Currently, I’m raising $1mil in private money for the downpayment on a $5mil commercial loan. The next down turn is expected to commence this year, 2020, and I’m positioning myself to get involved in multifamily acquisitions at this opportune time.

In the next 24 months I will be purchasing a 20 - 30 unit apartment complex in one of the following markets: Sant Antonio TX, Orlando FL, Atlanta GA and Colorado Springs CO, I’ve chosen these rental market for the following reasons:

1. Population Growth: Orlando’s population grew from 2,512,917 to 2,572,962 from July 2017 to July 2018, a difference of 60,045. That was topped only by four metro areas in the nation: Dallas (131,767), Phoenix (96,268), Houston (91,689) and Atlanta (75,702), the bureau said. Source: https://www.bizjournals.com/orlando/news/2019/04/19/metro-orlando-population-grew-by-60-045-last-year.html)

2. Ensured Performance through Stable Job Growth: Orlando ranks third for job growth in the category for large cities with populations greater than 500,000. The City Beautiful added 128,600 jobs from 2016-2019. That's a growth rate of 11%. At the end of July 2019, Orlando had 1,328,400 total jobs. (Source: https://www.bizjournals.com/orlando/news/2019/08/28/see-how-orlando-ranks-among-big-u-s-cities-with.html).

3. Historical Rent Figures - Though the cap rates in these areas are currently unfavorable due to where we are in the market cycle, historically there have been opportunities to find projects with cap rates over 8%. (Source: Creative Realty Partners - http://creativerealtypartners.com/wp-content/uploads/2016/10/Orlando-Multifamily-Outlook-8.15.16.pdf)

What can you expect from your investment?

1. A completely passive cash-flowing investment: I do all the work involved, including property maintenance and tenant placement.

2. An 8% preferred return, then a 70/30 split on: After all expenses and debt servicing, your COC return will be approximately 10% (or more!). I won't consider anything with a total COC return of less than 15%.

3. PEACE OF MIND: I take extra precaution when dealing with your money through insurance policies that protect your property against any possible damages, and the loss of income that results.

If you or anyone you know is interested in working with me on a future project, give me a call at 772 - 577 -0084.

Last night I held a local BP meet up for anyone interested in real estate. It was at a Starbucks, so I didn't want to go overboard with promoting it. The meet up was just an opportunity for people to network, so there were no speakers or fees to attend. Surprisingly 15 people showed up, and it was a really positive experience. I met some local people who I've seen around and am glad to have made their acquaintance. This motivated me to get more active in my local community, and I encourage anyone who's thought about doing it to give it a shot. 

Thanks to everyone who showed up. I look forward to doing it again!

Hello BP,

I’m an active investor, flipper and realtor (#3365094) in the South Florida Real Estate Market. Over the past 2 years I’ve purchased, sold, rehabbed and managed dozens of single family and multi-family properties in Palm Beach, Martin and Saint Lucie Counties.

Now, I'm building capital for the acquisition of a 10 - 30 unit apartment complex, with an approximate COC return of over 15%.

Any and all property management would be handled by me, so your investment would be completely passive. I am also affiliated with the NRT Property Frameworks property management team, and have a list of qualified referrals.

Due to the property size, I expect I'll require at least $1mil for the downpayment on an 80% LTV loan...depending on how much I can get the seller to carry back.

I'm pursuing markets with great job growth and stable economic situations. Also, the properties that I consider will be ones where I'll have the opportunity to force appreciation through minor renovation and increased rents; the properties will already have equity when they're purchased. Further, I am only considering properties that can be acquired at CAP rates higher than market average.

I've gained some momentum identifying properties of this nature through pocket listings brokers have sent me from Orlando, FL. I'm continuing to build relations with brokers in other cities as well.

Let me know if you or your affiliates are interested in working with me on a future project.

Thanks,

Jordan Archer

772-577-0084

Hello BP,

 I’m raising $1mil in private money for the downpayment on a $5mil commercial loan. The next down turn is expected to commence this year, 2020, and I’m positioning myself to get involved in multifamily acquisitions at this opportune time.

In the next 24 months I will be purchasing a 20 - 30 unit apartment complex in one of the following markets: Sant Antonio TX, Orlando FL, Atlanta GA and Colorado Springs CO, I’ve chosen these rental market for the following reasons:

1. Population Growth: Orlando’s population grew from 2,512,917 to 2,572,962 from July 2017 to July 2018, a difference of 60,045. That was topped only by four metro areas in the nation: Dallas (131,767), Phoenix (96,268), Houston (91,689) and Atlanta (75,702), the bureau said. Source: https://www.bizjournals.com/orlando/news/2019/04/19/metro-orlando-population-grew-by-60-045-last-year.html)

2. Ensured Performance through Stable Job Growth: Orlando ranks third for job growth in the category for large cities with populations greater than 500,000. The City Beautiful added 128,600 jobs from 2016-2019. That's a growth rate of 11%. At the end of July 2019, Orlando had 1,328,400 total jobs. (Source: https://www.bizjournals.com/orlando/news/2019/08/28/see-how-orlando-ranks-among-big-u-s-cities-with.html).

3. Historical Rent Figures - Though the cap rates in these areas are currently unfavorable due to where we are in the market cycle, historically there have been opportunities to find projects with cap rates over 8%. (Source: Creative Realty Partners - http://creativerealtypartners.com/wp-content/uploads/2016/10/Orlando-Multifamily-Outlook-8.15.16.pdf)

What can you expect from your investment?

1. A completely passive cash-flowing investment: I do all the work involved, including property maintenance and tenant placement.

2. An 8% preferred return, then a 70/30 split on: After all expenses and debt servicing, your COC return will be approximately 10% (or more!). I won't consider anything with a total COC return of less than 15%.

3. PEACE OF MIND: I take extra precaution when dealing with your money through insurance policies that protect your property against any possible damages, and the loss of income that results.

If you or anyone you know is interested in working with me on a future project, give me a call at 772 - 577 -0084.

Hello BP,

I’m an active investor, flipper and realtor (#3365094) in the South Florida Real Estate Market. Over the past 2 years I’ve purchased, sold, rehabbed and managed dozens of single family and multi-family properties in Palm Beach, Martin and Saint Lucie Counties.

Now, I'm building capital for the acquisition of a 10 - 30 unit apartment complex, with an approximate COC return of over 15%.

Any and all property management would be handled by me, so your investment would be completely passive. I am also affiliated with the NRT Property Frameworks property management team, and have a list of qualified referrals.

Due to the property size, I expect I'll require at least $1mil for the downpayment on an 80% LTV loan...depending on how much I can get the seller to carry back.

I'm pursuing markets with great job growth and stable economic situations. Also, the properties that I consider will be ones where I'll have the opportunity to force appreciation through minor renovation and increased rents; the properties will already have equity when they're purchased. Further, I am only considering properties that can be acquired at CAP rates higher than market average.

I've gained some momentum identifying properties of this nature through pocket listings brokers have sent me from Orlando, FL. I'm continuing to build relations with brokers in other cities as well.

Let me know if you or your affiliates are interested in working with me on a future project.

Thanks,

Jordan Archer

772-577-0084

@James Allen Jr. and @Orlando Alvarez

Look forward to seeing you both!

Hello BP,

If you have ever considered commercial real estate as an investment option keep reading!

Currently, I’m raising $1mil in private money for the downpayment on a $5mil commercial loan. The next down turn is expected to commence this year, 2020, and I’m positioning myself to get involved in multifamily acquisitions at this opportune time.

In the next 24 months I will be purchasing a 20 - 30 unit apartment complex in one of the following markets: Orlando FL, Atlanta GA and Phoenix AZ, I’ve chosen these rental market for the following reasons:

1. Population Growth: Orlando’s population grew from 2,512,917 to 2,572,962 from July 2017 to July 2018, a difference of 60,045. That was topped only by four metro areas in the nation: Dallas (131,767), Phoenix (96,268), Houston (91,689) and Atlanta (75,702), the bureau said. Source: https://www.bizjournals.com/orlando/news/2019/04/19/metro-orlando-population-grew-by-60-045-last-year.html)

2. Ensured Performance through Stable Job Growth: Orlando ranks third for job growth in the category for large cities with populations greater than 500,000. The City Beautiful added 128,600 jobs from 2016-2019. That's a growth rate of 11%. At the end of July 2019, Orlando had 1,328,400 total jobs. (Source: https://www.bizjournals.com/orlando/news/2019/08/28/see-how-orlando-ranks-among-big-u-s-cities-with.html).

3. Historical Rent Figures - Though the cap rates in these areas are currently unfavorable due to where we are in the market cycle, historically there have been opportunities to find projects with cap rates over 8%. (Source: Creative Realty Partners - http://creativerealtypartners.com/wp-content/uploads/2016/10/Orlando-Multifamily-Outlook-8.15.16.pdf)

What can you expect from your investment?

1. A completely passive cash-flowing investment: I do all the work involved, including property maintenance and tenant placement.

2. An 8% preferred return, then a 70/30 split on: After all expenses and debt servicing, your COC return will be approximately 10% (or more!). I won't consider anything with a total COC return of less than 15%.

3. PEACE OF MIND: I take extra precaution when dealing with your money through insurance policies that protect your property against any possible damages, and the loss of income that results.

If you or anyone you know is interested in working with me on a future project, give me a call at 772 - 577 -0084.

@Paul B.

I addition to a reserve fund, yes I was curious about these expenses as well. @Brian Burke was saying that any money invested in the project would yield the preferred return for the investor. 

Has anyone structured their deal such that the closing costs, reserve funds, inspection fees, etc. get reimbursed after closing rather than giving the LP's a preferred return on this money?