Commercial Broker - effectively assisting investor with multi-family, commercial, and SFR properties 541-788-8887 [email protected] Kodiak Commercial Real Estate Inc Assisting folks as a licensed Realtor (since 2008 in Bend) and Investor involved in developing bare land, BRRR's, buying off market deals at deep discounts and helping others do the same. Let's enjoy long term safe investing only in good deals. What I've been up to over the Last 12 months... Sept. 2020- Working on a portfolio purchase of 36 homes in Oregon. Investment of $3 million required. Current as-is market value is $9.1 million, purchasing for $7mil. Two year project to rehab and sell these occupied rental properties produces minimum of $1.4mil for a 24% annualized return. Carey Greiner Broker 541-788-8887 BOUGHT PROPERTY - 1st flip - 22% ROI in under 60 days. Brought on buying partner with rehab and prop mgmt experience (Another Pro Member, Ian Berg). Nathan Wissing brought us two more deals to invest in in 2019. One was an older MF home on an acre with pot plants as the tenant. Paid $67k sold for $105,000 with about $5500 invested in getting ready to sell. The other is a longer project, bought for $415,000, anticipated Sale of $850k with a $225k investment. Wholesaled an assignable contract - $12k. INVESTED - in 2 business related investments About $10k each cash flowing at $323/mo and $197mo. EDUCATION -Attended two multi-day real estate conferences, one John Burly focusing on raising private equity and the other a Than Merrill with a broad investment focus (great education and networking event). NETWORKED - Hosted 11 investor networking groups and met and encouraged a bunch of folks to get busy finding and buying deals. Folks are investing on the other coast, locally and into some very creative deals. Found three investors who placed $150k in my LLC to invest into deals. Lenders willing to lend me money as also increased with 3 new private money investors and 5 new hard money lenders asking for deals to loan on. OWN – net worth is growing, (too personal) Business Plans for 2020 include, developing more opportunities for folks to place money with me to see ROI in the 8%-10% safe secure deals for a 10 year hold, with monthly cash flow. I’ll also focus my Realtor marketing on commercial listings, Multifamily one niche market for higher priced homes. Some folks call this a day job. Investing will be into the deal flow that’s established with SFR’s in Bend and Central Oregon. Investing will also be into other opportunities I find through networking, real estate leads from my listings, direct mail and call campaigns, in Bend and Sothern Oregon. Update 9/11/2019... Developed two small properties and sold for a small profit - 2018 (net $42,000) Flipped a house, brought in an investor to purchase for cash - 2019 33% ROI in under 60 days Bought a distressed property with a partner, with cash, flipped in - 2019 (anticipated net $52,000) Bought a distressed property with a partner, $50k down, Owner financed, renting out with aprox $400 positive cash flow - 2019 (big project 12 months - Anticipated net $250,000 In escrow on a commercial property - anticipated cash flow $1000 after expenses. will spend $60k rehabbing and refinance to pull all my money out in about 3 months. distressed property/Owner carry financing. Who's with me??
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