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All Forum Posts by: Bruce Petersen

Bruce Petersen has started 7 posts and replied 243 times.

Post: Austin Multi-Family Active and Passive Investing Group

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

****The time is wrong on this event, it should say 6:30-8:30 CST. I can't seem to find how to edit the event so hopefully you will notice this message***

Happy to announce that Hans Box and I will be co-hosting the Austin Multi-Family Active and Passive Investing Group - can't wait to see everyone again and catch up.

Bruce “The Apt-Guy” Petersen has been a multi-family syndicator and educator for years. Bruce’s passion for teaching has led him to form this group with Hans in the hope that they will be able to pass along their knowledge and experience to others who are interested in changing their lives.

These discussions will focus on multi-family investing from both the sponsor/owner and passive investor sides. When possible, they will bring in guest speakers who can offer their expertise and insights to the group. There is no charge to attend the meetup.

This event is intended to be a place for its members to meet, network with, and learn from other like-minded people who want to know more about real estate investing and syndicating. There will be a heavy emphasis on education for both passive and active (deal sponsor/independent owner) real estate investors.

Feedback and suggestions for future topics is welcome and appreciated. Please do not hesitate to reach out if there is something specific you would like to learn about or if you are interested in sharing your expertise as a guest speaker.

https://www.meetup.com/Austin-...

Post: Calculating commercial value

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

NOI is income minus expenses before debt service

Post: People still moving to Austin during the pandemic?

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

Traffic in all major cities sux not just Austin

Post: $24 million light-rail station speeds into Austin’s 2nd downtown

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

Traffic is going to suck in that area with The Domain and Domain Northside, the new soccer stadium and now this 66 acre development. It's going to be cool by my god is it going to become dense.

Post: Top 5 most expensive & inexpensive neighborhoods to rent in ATX

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

This is "interesting". 

I own a large complex in Georgian Acres and my avg "effective" rents are $1240 and that's with 2 different studios in the floor plan mix. Hell, my studios go for over $930 and are less than 500 sq ft.

Post: Austin area financing for commercial or multifamily?

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

@AP Horvath

message me

Post: Virtual ATX REI Meetups

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

I would be interested

Post: Austin area financing for commercial or multifamily?

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

@AP Horvath

Go to is Hans Box with Old Capital. He's local and very knowledgeable and helpful. If interested, message me and I'll connect you.

Post: How to Approach Commercial Brokers to Purchase Large Multifamily

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

@Khaled Seirafi

Couldn't agree more with what @Joel Owens said!

It's not to deflate you as you've done a great job of building your capital, congrats on that.

It's a tough love reality check that these folks are busy and very successful for the most part and don't have time to be vetted or interviewed by a novice. You can't big shot these folks so please don't try. 

Even if they do entertain you, the seller will make the final decision on who to sell to and for me if you aren't a proven commodity I'm not going with you and if for some reason I do you can bet I'm asking for a lot of hard earnest day one, just too much risk for me.

Get on multiple national groups email lists and start going through the deal flow you receive. You won't get the off-market deals this way but they aren't going to give them to you anyway at this point. Once you find a few, set up tours and fly in for them. This will start to develop a rapport and as long as you are perceived as a good and rational potential buyer they may start sending a few things your way.

It can be a long process to establish yourself but it's well worth it.

Post: New development in SE Austin prepares to break ground in 2021

Bruce PetersenPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 254
  • Votes 265

I see they stated the Domain at ~ 30 acres but I believe it's closer to 300 ?

Pretty cool development though