All Forum Posts by: John Verduzco

Hi Joy.  I was given good advice as an early investor and draw on the same advice repeatedly.  Before moving forward, we always ask "if your plan doesn't work out and the worst case scenario happens, can you live with it?"  This is an important question because that worst case scenario will happen with enough deal volume.  Worst case isn't "the place burns down" - insurance takes care of that. Worst case is likely a market value change, rental rate decrease and/or sharp expense increases from front loading of repairs and capital improvements.  Model it out with all of those happening - how are your cash on cash returns  Can you live with it?

Hi Robert - I am a Naples based investor and admire your willingness to start young.  I spent most of my career making others money, but figured it out at 45.  You are way ahead of me.  I am happy to talk with you about our single and multi-family investing approach.  Send me a PM.

Hi Shital Thakkar - we feel that there are appropriate assets for all types of geography, ROI goals, risk goals and times in the market cycle. For example Multifamily (or MHP's) may be in Recovery in Reno and Hypersupply in Charlotte while Self Storage may be in Recession in Philly but expansion in Nashville. Point is, it just depends. For B&H (5+ years), we lean toward affordable housing versus SS as it gives a better risk profile in the underlying demand advantage. MHP's also have a very high barrier to entry (not building more of them) vs SS. Unlike CRE, SF values don't track closely with interest rates, but with population growth and housing supply so we think there is a more clear and distinct time to buy, time to sell and the hold in between. Check out Integra Realty Resources Viewpoint reports for market cycles. Good luck.

Hi Bradley Greenberg - we would consider a portfolio loan, but our existing terms are 30 year amo fixed in the 4-5 range.  If you think your products can cost effectively replace with cash out, send me a PM and we can talk more.

Hi Jennifer - we do have partners and are currently in acquisition mode so new partners and properties (via brokers or otherwise).  We are focused on deploying capital in MHP's or SS currently.  We would also entertain disposal of our single family portfolio to free up more capital.

Hi All - New to BP.  

My partners and I are willing to play a role in Multi-Family deals in AZ, NC, SC and FL.  We currently hold a single family rental, Mobile Home Park (MHP), Self Storage portfolio.  We are partial to MHP's in decent size MSA's (100K+).  Could do multiple deals of $1M to $5M in next 6 months.

Two partners located in Naples, FL the other two in Phoenix, AZ.  In Florida we like Naples, Fort Myers, Sarasota, Orlando, Jacksonville, Tampa, Tallahasee, Pensacola, etc.  In Arizona we like Phoenix, Mesa, Tucson.  Too many to list in the Carolinas.

Thanks,

John