All Forum Posts by: James N Sheils

As a BTR guy myself, I always encourage people to look at their exit strategy.

If you're buying into an all "investor owned" development you will need to sell to an investor down the road. This is ok but being able to sell a property to a homeowner down the road has always yielded me the best profits. Build to rent does not have to happen only in a full community build out. They can also be available in existing neighborhoods in infill lots. I like these areas as it has a good ratio of homeowners and renters and the neighborhood is already established 

 Thanks Gino, Hi Matthew, without being able to do separate deeds, the 12 plex would likely be the most cost efficient but you will also need to consider the layout of the overall property, where as two 6 plexes may lay out better and more functional, and therefore attract a higher rent and desirability. Duplexes will cost more but could also yield a higher rent per unit, you need to comp those numbers and see if the higher build cost would make sense due to potential higher rent coming in on duplexes. Be sure to have plenty of room for parking, as this can kill the functionality of the overall complex if you don't. Hope this helps 

Hi Alton, do you own the land already? And if so is it free and clear?

Hi Robert, 

Sumitomo Forestry acquired PART of our company two years ago, we still retain some of the ownership and my partner and I have the autonomy to run the company how we see best. I'm sure you know this is actually a great thing having Sumitomo join us. They are over 300 years old and have deep pockets which allows us to self fund all our build projects and get better deals and bulk pricing in materials and other services We can pass these savings on to our buyers. It is rare for a builder of our size to have no bank debt. This also creates quite a level of security for our clients, especially seeing Several builders in the BTR space go sideways over the last few months and we are currently trying to help several investors stuck in building projects that are only half built.  In addition our healthy balance sheet allows us to pre buy mortgages down to as low 3.75% for our buyers, most builders can not qualify to do this. Sorry to hear our designs do not please you, we have received very different feedback from our 1,000+ investors and thousands of tenants. Not to mention retail buyers that also buy opera properties, Our normal range is between 1300 and 1600 sq ft for single family, which we have found to be ideal for results. Also proud to say our quads and duplexes (which are rarely offered by other builders) have not only exceeded our estimates for rent & rent growth but value growth as well. We don't pay attention much to the national average, we focus on the affordable markets in Florida that are experiencing growth and we stay out of higher priced areas like Tampa, Miami, and Orlando. Hope your building projects in Ohio are doing well. Keep up the good work!

Hi Jasmine, I am a Partner at Southern Impression Homes, our focus is build to rent.
We provide new construction rentals and PM (single family, duplexes and Quads) for investors. We focus in 12 markets in Florida, including SW FL
We are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group, Jake & Gino and more 

We have built over 9,000 properties and work with over 1,000 investors 

We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional buying side.
We are partially owned as of 2022 by Sumitomom Forestry, which means we have no bank debt and self fund all our building projects. This is very important as we have seen at least 5 BTR builders go sideways and leave hundreds of investors in trouble. (we created a construction rescue program as a result of this) We provide excellent incentives for our investors,including locking in long term debt at 3.75 % through our in-house financing program. 2 years free property management as well. A client can also close on a new property in less than 45 days so no long closing or pre construction risk. 1031 exchanges are easy to fulfill with our model.
We are currently building out 5,000 lots in Florida that we personally own.

IF you would like a free copy of our best selling book "Passive Income Playbook: How To Leverage Build To Rent Real Estate To Buy Back Your Time And Have A Legendary Family Life" just let me know

 Hi Victor, my name is Jim Sheils and I am a partner here at southern impression homes. I apologize for your troubles. Since merging my company with Southern Impression homes 2 years ago, we have made a lot of strides in growing our PM department and client systems. Unfortunately a lot of times we have found tenants speaking bad on PM no matter what happens but still trying to improve that I am not aware of your individual situation so cannot speak on it yet. One thing of encouragement is I have many personal friends and clients invested in Western and their values are up almost 300K with larger rent increases as well so I m hoping you have experienced the same results! I have not been aware of any building defects on these units either but happy to discuss further. we do appreciate you business and for working with us 

I am a Partner at Southern Impression Homes, our focus is build to rent.
We provide new construction rentals and PM (single family, duplexes and Quads) for investors. We focus in 12 markets in Florida, including SW FL
We are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group, Jake & Gino and more
We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional buying side. 
We are partially owned as of 2022 by Sumitomom Forestry, which means we have no bank debt and self fund all our building projects. This is very  important as we have seen at least 5 BTR builders go sideways  and leave hundreds of investors in trouble. (we created a construction rescue program as a result of this) We  provide excellent incentives for our investors,including locking in long term debt at 3.75 % through our in-house financing program. 2 years free property management as well. A client can also close on a new property in less than 45 days so no long closing or pre construction risk. 1031 exchanges are easy to fulfill with our model. 
We are currently building out 5,000 lots in Florida that we personally own.

IF you would like a free copy of our best selling book "Passive Income Playbook: How To Leverage Build To Rent Real Estate To Buy Back Your Time And Have A Legendary Family Life" just let us know 

 Hi Steve, great to hear from you. We are building whole communities for investors now as well so you may want to reconnect! We are also offering our own in-house financing on smaller deals at 3.75%. Robert, nice to meet you. I ma a partner at Southern Impression homes and proud to say that with our targeted areas and in house financing our properties due in fact cash flow right from the start.

Hi Brandon, 

I have worked with Southern Impression Homes for also decade and merged my own company with them to become a full partner in 2022. 
We provide new construction rentals and PM (single family, duplexes and Quads) for investors. We focus in 12 markets in Florida a. We are only selling completed homes with our own in house financing currently at 3.75%, a huge discount from most bank rates.
We are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group and more
We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional side 
We are partially owned as of 2022 by Sumitomom Forestry, which means we have no bank debt and self fund all our building projects. This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75%  through our in house financing program. Plus  2 years free property management. A client can close on a new property with us in less than 45 days so no long closing or pre construction risk anymore with our program. And easy for us to fulfill 1031 exchanges now. Not to mention we have grown our PM staff by almost 50% to help better support our growth and overall management.

We are currently building out 5,000 lots ion Florida 

If you would like a free copy of my best selling book "Passive Income Playbook: How To Leverage Build to Rent Real Estate to Buy Back Your Time And Have a Legendary Family Life"  just let us know and we will send you a copy 

thanks Brandon

Hi Brandon, 

I have worked with Southern Impression Homes for also decade and merged my own company with them to become a full partner in 2022. 
We provide new construction rentals and PM (single family, duplexes and Quads) for investors. We focus in 12 markets in Florida a. We are only selling completed homes with our own in house financing currently at 3.75%, a huge discount from most bank rates.
We are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group and more
We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional side 
We are partially owned as of 2022 by Sumitomom Forestry, which means we have no bank debt and self fund all our building projects. This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75%  through our in house financing program. Plus  2 years free property management. A client can close on a new property with us in less than 45 days so no long closing or pre construction risk anymore with our program. And easy for us to fulfill 1031 exchanges now. Not to mention we have grown our PM staff by almost 50% to help better support our growth and overall management.

We are currently building out 5,000 lots ion Florida 

thanks Brandon