We recently added you to our newsletter list although it may have been a while since we last spoke. If this isn’t an email you want to keep receiving, no worries, just unsubscribe at the bottom.
We often don’t have the time or take the time to say what we want or ask what’s new to interesting people we’ve met. We want to change that. This newsletter is intended to be brief but informative, a small diversion targeted to those who like to keep current on the market and our activities pursuing real estate investments.
As you know, we pursue investment opportunities for commercial apartment buildings. These are your opportunities as well, because we are painfully aware of how difficult it can be to produce income, let alone tax-favored returns and capital appreciation. We met because you already know how commercial real estate can literally transform our lives. We shared that interest, and hopefully still do.
Here’s what we’ve been up to. We’re definitely not stepping back from a market everyone says will collapse soon. We’re not market predictors but we do understand market phases, we know we’re in a late stage seller’s market, and we have risk management strategies for each phase. We are searching for B or C class properties in the Southeast and Midwest, of around 100 units. We see them but today, holy cow, everyone sees them and is paying through the nose to acquire them.
We wish we could be bringing you your next opportunity but we’re not there yet. We will be there soon, though. We have had offers in but chose not to pay more and flip a good deal into a bad deal.