New Investment, Updates and Chicago.

It’s been quite a summer.  The market in Metro Detroit has been STRONG.  Prices in some areas are  3-4 times their 2011 prices.  Because of this, we have shifted some of our focus to traditional flips.  My partners are logistical wizards and rehabs are running very smoothly.  Big shout out to them.

One thing, I learned from my time at poker is that opportunities can change quickly.  Everything changes. Economic profits become normal profits.  Bad markets become good markets and vice-versa.  Not exactly earth-shattering, but it’s easy to stay narrow-minded when you have a model that is working.  I’ve been trying to learn as much as I can about many different real estate related avenues in preparation for the inevitable shifts.  I love investment real estate and I realize that I want to be involved in this for a long time, so I can’t just stay pigeon-holed with ideas that are currently working.

The first new direction we are headed towards are multi-family rentals. I have been looking diligently all summer.   We finally found something that is a great deal near where I live.  We have placed an offer and if it gets accepted, we will be looking to raise $200k-$250 in financing.  The plan is to extensively rehab the building. Increase rents.  Then either refinance and hold it, or sell it to an investor.  The multi-family market is smoking hot nationwide with people looking to park money.  As always, our company will still retain a 1-1 equity to investment ratio.

If you are interested in investing the annualized return will be 10% for a period of 1 year.  Please email me at JustinSadauskas@gmail.com to discuss all the details! 

Also, if you are looking for a multi-families in A/B class areas – hit me up as well, we will have a great asset in about 3 months ;). 

Lastly, we had our first offer accepted in Chicago.  We are only in the infancy of the Chicago Project but it’s very clear we can great deals there.  If you are interested in Chicago as many of you have said you are – please email me.  Most of the deals in the beginning will be wholesaled to experienced investors. In the future, we will consider partnerships but as for now the plan is for us to find the deals for experienced investors.   Thanks for reading.