Hello! name is Nick Burton and I currently own around 3000 multi family units, primarily in the Midwest and Southeast. We are in the process of selling off around 1500 units, so that we can consolidate the portfolio, and focus more on newer product and developing townhomes. I would love to connect with as many of you as possible! In this group, or feel free to schedule a call through my Calendly below. Happy to be a resource! https://calendly.com/burtonlwh/schedule-a-call
Closed on an A class, 58 unit building in downtown Cleveland OH for $9.28M, with a combo of assumable debt AND seller financing. Goal is to buy at least $50M of real estate over the next 12 months. Off to a great start!
Hey James, we have done self storage, office, retail, and multifamily. There is no right or wrong answer. But having a niche, or focus is super important. No matter what you focus on, you will inherently have other asset class deals come through your pripeline, and can take them down if it makes sense.
I have never invested in real estate. I am interested in commercial 5-20 units. However, in Reno Nevada itās difficult to find this size. I can find several 4-plex with value add options. Would it be best to wait it out for the right commercial deal? Or grab 1-2 smaller 4 plex deals and gain experience while I look for the right commercial lead? Thanks
Hey Stephen, welcome! When beginning, any win is a good win. I know people who say they want their first deal to be 100+ unit multi family. While that is possible and I have seen it done, building the balance sheet, and experience is the most important thing. Take the wins you can get.