Here’s today’s agenda:
- For Sale – 35 Real Estate Investor Deals
- Timing the Real Estate Market
- Georgia Self Storage Development
- Office & Retail Real Estate with Joe Brady – Podcast
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How to Time the Real Estate Market
With the holidays upon us, the real estate market has slowed to a crawl. Due to the lower activity, you can buy your best deals right now. Then you can patiently renovate those deals through the Winter and sell in the Spring, when activity is ramping up again.
Properties needing work listed on the MLS are one of the best sources of deals right now. We have 35 available here. People are motivated and offers are not abundant. Go against the trend, schedule showings, and MAKE OFFERS. You’ll win some, find your next project, and position yourself perfectly for 2025.
Wreaths of LUV – Order Yours today & Support Chicago’s Youth
These Holiday “Wreaths of LUV” are hand-crafted by the paid interns at the LUV Institute. Every year I order a few dozen and have them shipped to my friends & family all over the U.S. Order yours here.
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Accredited Investors – Just over $1M Remaining for this Raise
Lawrenceville, GA – 87,068 Sq. Ft. 3 Story Storage Facility
Reply to this if You’re Interested in Investing
I am building this facility with my partner Fernando Angelucci and his team at SSSE. Fernando has a background in engineering and has closed 53 Self Storage deals across 24 states with more than $230M in value. This project will be his 3rd Class A facility being built ground up. You can view his 2nd Class A facility-nearly completed here (located in Wilkes Barre, PA)
This current project is projected to run for 3 years, to allow 9-12 months for construction followed by 24 months to stabilize (rent), then sell the project. The buyer for the completed project will likely be one of the publicly traded Storage REITs.
Sometimes these REITs buy projects at CO (certificate of occupancy) and complete stabilization on their own. If this were to occur at a favorable price, this project may return capital much earlier than the projected 3 years. This would be good, but may or may not occur.
We already have the full $4M capital committed for this deal, but are opening up just under half of the deal from our own portion to accredited investors in our network.
I’m personally doing this deal for this reason:
- This deal is heavily in favors the investor/limited partners and offers superior potential returns than my 4.51% money market accounts.
- 80% of the profits go to the Limited Partners (The $4M capital raise)
- 20% of the profits go to the General Partners (who build the deal, guarantee the loan, and co-invest)
As a general partner, sharing a very small portion of that 20% with our team, this deal would not be worth my time. We construct deals like this as a place to multiply our own capital by investing our cash on the LP side of the deal. That’s why 80% of the profit goes to those partners-because it is the same people running the deal on both sides. These are the type of syndications I look for-where the general partners are running the deal to keep their money working-not simply to generate management fees for themselves.