Here are the Deals I’ll Do
Our business is buying & selling real estate throughout the US. Some we’ve developed, some we own long term, and most are sold in under one year.
Single Family Houses & 2-4 Unit Apartment Buildings – The bulk of our business is buying & renovating homes which are sold to owner occupants who will make that deal their personal home. Promoting home ownership-that’s the best feature of our business.
- We buy houses in nearly any market in the country.
- If you have a house needing repairs for sale, please reply to me directly. If it is of interest, I will have someone on my team prepare an offer. While I am involved in decisions on every single family deal, our business is setup to handle a high volume of these deals.
Industrial & Self Storage – We own many industrial properties long term, probably to be sold sometime in the next 5-10 years to harvest profit. This includes self storage (some we built ground up) and small bay/flex space warehouse.
- We’d buy more of this product – if value add exists (vacancy, low rents, or needs repair), the size is at least 20,000 sq. ft. and is located in a Metropolitan Service Area. Tertiary markets will not work.
- If you have an Industrial or Self Storage deal for sale, please reply to this email-I personally handle these.
Manufactured Home Communities (MHC) – Here again, the business model promotes home ownership. MHC’s often have strict rental restrictions limiting the ability to bring lot rents to market quickly. Our business model includes financial coaching & goal setting with tenants who desire to own their own home. As they achieve that goal and buy a home, the vacate their unit and the incoming tenant will be at market.
- We’d buy more of this product. MHC of interest would be below market rents and a minimum of 75 lots or enough expansion land to achieve that scale.
- If you have an MHC for sale, please reply to this email-I personally handle these.
Deals I’m Working on this Week
This week I’ve met with 2 brokers who also read this Newsletter working on deals which interest me.
Stephen Spivak, of McCann Commercial & I had lunch yesterday after viewing what may become my home. He’s taken the time to hunt for & maybe found that Off Market Main Line house I’ve written about over the past few months. He normally doesn’t do residential, but if you are a developer looking for off market land in the Philly region, I’d be glad to make an intro.
Joe Elizondo, a Chicagoland broker sold me an off market 4 flat earlier this year. This past week, he & I met with a business owner generating $5M net profit on $20M gross sales. This business caught my attention due to the scale of the current profit-however is not a done deal yet because that business is heavily reliant on the owner’s presence.
Instead of his idea to sell for $20M, we are now working this deal in a way where this business owner may receive a large payout now, maybe $15M, and then stay on board to receive another $50M-$70M payout upon the next exit-likely 5-10 years down the road. Â Know any business owners seeking a sale like this? Â Reply to me directly and let’s get that convo going.
Thank you Stephen & Joe for the interesting deals.
Thank YOU for continuing to read the Jewels of Wisdom newsletter.
Let’s close some deals this week!!