All Forum Posts by: Cassidy Burns

⏳1 Week to Go! You're Invited to BPG's Monthly Investor Meet-Up! 🏢

🗓️ Wednesday, Nov 20
⏰ 6:00 - 8:00 PM
📍 Port City Brewing Company, 3950 Wheeler Ave, Alexandria, VA 22304

Topic: Multifamily Investing
Hosted by: Cassidy Burns
Speaker: Felipe Ernst, founder of Ernst Equities

What to Expect:
- Connect with real estate investors and expand your network!
- Gain insights for success in multifamily investing.

We hope to see you there! 🎉

You're Invited to BPG's Monthly Investor Meet-Up! 🏢

🗓️ Wednesday, November 20
⏰ 6:00 - 8:00 PM
📍Port City Brewing Company
3950 Wheeler Ave, Alexandria, VA 22304

Topic: Multifamily Investing
- Hosted by: Cassidy Burns
- Featured Speaker: Felipe Ernst
Felipe is the founder of Ernst Equities, specializing in value-add multifamily acquisitions. With nearly 1,000 rental units in the DC area, he brings valuable insights into successful multifamily investing strategies.

What to Expect:
- Connect with experienced Real Estate Investors, gain valuable insights, and expand your network with like-minded individuals. Whether you're a beginner or a seasoned investor, this event is perfect for you! 🤝
- Whether you're interested in real estate investments or looking for business opportunities in the sector, this meetup will equip you with the tools and resources needed for success. 💼

Don't miss this opportunity to learn, network, and grow in the world of Real Estate Investing. See you there! 🎉

Thanks @Daniel Amsalem

@Brett Sheeran welcome! We host an investor meet up every month in Alexandria, VA. Our next one is November 20th. Please reach out for details or follow us on social media, we post the events there as well as meetup .

BPG Residential 

I think the answer to this depends on the amount of capital you will be able to put into the deal initially. If you are buying a primary, you can do 3-5% out of pocket if you buy existing. Building will require more capital upfront.  

Time and place for both. 

What Russell said, house hack your way to the next property. In Northern VA I think new construction townhomes are a great option with 3-5 bedrooms.

Join BPG's Investor Meet Up! 🌟

Are you looking to enhance your investment strategy? Whether you're an experienced investor or just starting out, this meetup is the perfect opportunity to learn about:

✅ Key steps in the 1031 exchange process
✅ Benefits of using this tax-deferral tool
✅ Common mistakes to avoid

🗓️ When: Wednesday, September 25
🕕 Time: 6:30 - 7:30 PM
💻 Where: Via Zoom!
Topic: Understanding 1031 Exchanges

Hosted by Cassidy Burns, this is a great chance to boost your investing know-how! Don’t miss it—register now!

✨ 2 Days to Go Until This Month's Investor Meetup! ✨

Topic: Investor Lending Products
Date: August 21
Time: 6:00 PM - 7:30 PM
Location: Port City Brewery 🍻
3950 Wheeler Ave, Alexandria, VA

🎤 Meet Our Expert Panel:

• - Christopher Devine, CMPS®
• - Lauren E. Hughes
• - William Mitchell IV

Join us for valuable insights on financing options and strategies to maximize your investment potential! 💰

What to Expect:

• - Expert insights 📈
• - Financing options 🏡
• - Networking opportunities 🤝

Whether you're a seasoned investor or just starting out, this meetup will enhance your knowledge and equip you for success! 🚀

Don’t miss out—see you there!

Investment Info:

Office Space commercial investment investment.

Purchase price: $1,650,000
Cash invested: $139,000

Alexandria, VA commercial office building. 3 office tenants, fully leased upon purchase. Was able to negotiate seller financing of $1,500,000 @6% Interest on a 5 year balloon. Interest payments of $7,500/month. WE are cash flowing in current state ~$1,500/month after we renewed 2 of the 3 tenants on long term leases during due diligence. We will take over the top floor unit February 2025 as our company office space and get paid to reside there. Amazing purchase for our portfolio.

What made you interested in investing in this type of deal?

Seller Financing Terms

How did you find this deal and how did you negotiate it?

Off Market through a broker.

How did you finance this deal?

Seller Financing 93% of deal, brought 7% cash at settlement.

How did you add value to the deal?

Increased rents during due diligence, negotiated longer term leases during due diligence, will occupy the space and pay market rents on top floor starting February 2025

Reach out to @Michael H. Cook , I know he has someone he works with on a consistent basis. 

Good luck!