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Updated over 1 year ago,
Some RE experience, some capital. Looking to get active in Portland.
Experience: Co "Junior" GP on 44 unit apartment syndication in Northern California.
Project wouldn't exist with out my partner's 15 years of expertise/experience, so don't want to overstate my role in the project. Bought $6.9M worth of underperforming property with total rent roll of around $26k, did about $600k worth of work, turned over some inherited tenants and stabilized property with current rent roll of $63k. My role probably would be best defined as the property manager. I've handled all the leasing, all the marketing, all the turnover. Also do the bookkeeping. Partner has been boots on the ground running rehab, and has been the financial engineer of the project.
This was my first foray into real estate, and was done entirely remotely from Portland. I am looking to get involved in another project in the Portland metro area.
I'd be interested in a SFH rehab so I can learn soup to nuts (financing, rehab, etc) on a project. I'd also be interested in MF value-add.
Introducing myself to connect, and find opportunities.
Things I bring to the table: Strong financial and technical background, strong PM experience. $300-$500k to deploy, depending on the day.
Note of warning: I underwrite and operate conservatively. I don't need to deploy money, and I don't need to gamble.