All Forum Posts by: Ashley C.

Hey Alex, I'm in MS, I have access to lenders within the ecosystem of the conglomerate that I operate within. 

Let's connect and discuss.

Thanks,

Ashley

Hey@Steve Chaparro, I'm a CA native myself, welcome to the BP community!

I'm a managing partner at a holding company that does things a little differently, and we have a one stop shop for everything. Very seamless, very high-level.

Sounds like you've been around the block in the RE space before, and I'd love to hear more about your journey chat about what kind of synergistic value we can bring each other. Let's connect!

Hi Rohmah, welcome to the RE and BP community! How exciting to be just starting out in the space, congrats! With that being said, lots of mistakes could be made, and you'll get many opinions here. Some good advice, some not.

I, like you, am a managing partner of a holding company, but unlike you, we are heavy into the real estate space. SFR, Multifamily, commercial, and industrial, as we have a primary focus on data centers.

Would love to help you silken some of the not so good advice, and allow you to measure twice, and cut once so to speak,  by jumping on a call together. Please let me know what your schedule looks like, and I'm looking forward to our conversation!

I'm interested to know if anybody is currently unloading their portfolios of SFR as our multi family?

🚨 LOOKING FOR LAND 🚨

I’m actively looking for land preferably suitable for data center development and want to connect with investors, wholesalers, and landowners who have opportunities that fit the criteria below:

✅ 15–400+ Acres (Smaller sites for edge datacenters, larger sites for hyperscale) 

✅ Zoned Industrial or Tech or Easily Rezonable

✅ Near Power Infrastructure (Existing substation or ability to develop one, at least 15MW expandable) 

✅ Fiber Connectivity or Nearby Fiber Routes(Redundant pathways preferred) 

✅ No Flood Zones & Development Ready (Outside 100-year floodplain) 

✅ Proximity to Major Highways & Business Growth Markets

✅ Markets with Strong Tax Incentives & Energy Advantages

📍 Primary Focus Regions: TX, GA, FL,NC, TN, OH, IN, MO, AZ, NV, CO, UT – Open to other strategic markets with the right fundamentals.If you have access to land that fits these criteria or know of any ,DM me or drop a connection request . Open to acquisitions, joint ventures, and strategic partnerships. Let’s make deals happen.

📩 Serious partnerships only. Let’s talk!

Does anyone have a good consistent pipeline on large quantity foreclosures at cost in either Texas, Florida, or Georgia?

This is extremely situational, and it depends on many different variables. Including the location that you are looking into doing this in, if you have a p.m. or not, and who that p.m. is, and their level of experience with it, or if you are self managing, And so much more. Do you have any other details about how you're looking to apply this?

Sometimes it has absolutely nothing to do with whether or not you hire a PM for this or not, sometimes this has to do with the property itself, the neighbors, or the location. The property can be unappealing in some way shape or form, old, derogated, who knows maybe there was a murder there several years ago and people can look up that information online? Do your due diligence.

furthermore, are there any burnout houses close by, is it in a safe neighborhood, is this in a rural area, is it a metropolitan area, what's the economy like there, just because other places nearby are renting doesn't mean that your house one block over is not next to something that is uninhabitable, or poses a security risk, or maybe near an abandoned field, a graveyard, an airport, many different factors there to consider. 

last thing I would consider for this type of situation would be how are the neighbors? Sometimes people don't want to live next to people that have a bunch of garbage in their front yard, that are loud and obnoxious, that are creepy and weird, or maybe who knows maybe the house next-door or on the same block had a murder or a shooting happen at it and it is a well-known thing that people can look up. 

regardless, I think that due diligence goes into affect here pretty well. Even if you end up paying a PM for the service to place a tenant, there's no guarantee that they will last long if these other parameters of due diligence are not met. Find out what the issue is and go from there. Maybe consider getting a p.m. company that would do some boots on the ground and some research for you to find out what some of these issues could be because you are not close to the residence in the location, unless you can do some research yourself online, or consult with the historical Society of the area, look things up at the library, there are lots of different ways that you could start this process, but my point being that you may end up losing more money in the long run. It could be that you just need to sell this property as it is not actually an investment, but something that is causing you to lose money by not obtaining occupancy, and certainly not getting any type of appreciation, equity, or ROI.

I would be curious as to what your lease says, and if the parameters consider something like a pest problem, your responsibility or the tenants responsibility.

additionally, it is hard to find a quality tenant that is going to be a good steward of the home and will be long lasting with the longevity aspect, especially for that price for an apartment.

I would say it's not worth rocking the boat for less than $200 additional per month, when you look at what you're overall ROI. if it's really that big of a deal to you, maybe consider canceling the pest services that you know are being utilized and would facilitate not having a roach problem, so that you can save that extra money every month and have that money back instead of raising the rent price to the tenant.

I have seen this in many different places, Metropolitan, rural and otherwise, and it doesn't necessarily matter with the market rent is you're not always going to get that. And if you do, you are going to possibly sacrifice the value of the tenant that you get for the price that you're getting upfront, and if you're going to lose your tenant that you currently have then you risk the vacancy, having to do a rent turn, and that would come with more maintenance, and many additional costs that you would have To encumber that would most likely far exceed that $160 extra that you were trying to raise in the first place.

vacancy means no money coming in, and then your investment is dead in the water. Not only that, but it is unoccupied and subject to any number of things happening to it while it is unoccupied simply put, it just does not seem worth it to try to haggle over a raise like this.

however, if you are in a high demand area with your property, and you know that it has a lot of value, you could post an ad to try to get some feelers out for occupancy and if you find something better, as far as quality and price for the occupant, then you can consider the lengthy eviction process, but again you're doing all of this for about $200 extra and none of it seems worth it. You would spend far more on Marketing, background checks, tenant placement, repairs, and possibly legal fees with the eviction process. 

That's my advice anyway, other people might feel differently about it, but I would caution pushing the issue any further.

Self managing is never a good idea. Simply put you know what you know when you don't know what you don't know, no offense, but most people don't realize it until they get too deep in it to be able to facilitate and then they are flailing and desperately in search of a PM and then they get into bed with a bad one. That can lead to an even worse experience. Do your due diligence now while you have the time, find somebody local in boots on the ground, and make good use of your resources in time available. That's my advice.