Bill Kovacs’ Post

🏘 Real Estate is the world's largest asset class 💸 . Some news worth reading this week.... 📰 💡 Blackstone doubles down on the U.S. housing market with acquisition of Tricon Residential and its nearly 40,000 homes. - ResiClub https://lnkd.in/eqXHwYk2 💡 Real estate trend: More single women are owning homes - Axios https://lnkd.in/exgC_4p3 💡 Why Buffalo will be 2024’s Hottest Market - Zillow https://lnkd.in/eiWDAtAD #realestatemarket #realestate #realestateagent

In March 2024 - we sold our first acquired Mobile Home Park - a small 4 pad acquired in mid-2021. This was our second sale in total. On this one, the numbers looked like this (if you followed, I made multiple posts how I LOST $7,000 on the sale of one other park - yes, I'm one of few people on LI to keep repeating - you dont always make money! ): Purchase (mid-2021): $125K Rehabs: $5K Sale (early - 2023): 195K Gain: 195/130K = 1.5 (50% spread over 2.5 years) Roughly 20%+ per year when you take into account cashflow. What did I learn: 1. I don't like buying small MHPs - too much work, for not a lot of dough 2. Bigger parks take the same amount of work, but produce better results 3. If you do buy smaller assets, do so without partners (too small of a piece to share) 4. It's good to start small, so you build knowledge (my latest park brings $42,000 in monthly rents and makes more money in one year than the entire worth of this park - BUT, I would have never gotten there without this one) 5. Pass on most all Real Estate work to your wife - she is a much better asset manager 😁 #realestate #investing #assets

I landed my first real estate investment at the age of 51. 🎂 2016 Bought a house and fully renovated it for our college baseball player (omitting his and his teammates cleaning skills 😳). 2.5x Equity Multiple upon sale. Thought - wow, this isn't a bad way to multiply money, but it was exhausting. 2018 Sold our primary residence and bought a townhouse. Spent time paying off lifestyle debt. Planned to keep it a few years, move, keep it for passive income. 2020 Bought a second townhome for passive income and invested also in multifamily. Noticed a significant difference in the concept of scaling through multifamily compared to the single family path. 2021 Sold both townhomes and reinvested proceeds in multifamily assets. Scaled much more quickly without the hassle of being an active landlord. 2023 Net worth has more than doubled. 💰💰 It's NOT too late. You can jump into real estate at any age and make a huge impact on your financial future. Multifamily is the way to scale quickly. Want to learn how to get started? Type DM me in the comments section! #thequattroway #multifamily #FinancialFreedom #PassiveIncome

I landed my first real estate investment at the age of 51. 🎂 2016 Bought a house and fully renovated it for our college baseball player (omitting his and his teammates cleaning skills 😳). 2.5x Equity Multiple upon sale. Thought - wow, this isn't a bad way to multiply money, but it was exhausting. 2018 Sold our primary residence and bought a townhouse. Spent time paying off lifestyle debt. Planned to keep it a few years, move, keep it for passive income. 2020 Bought a second townhome for passive income and invested also in multifamily. Noticed a significant difference in the concept of scaling through multifamily compared to the single family path. 2021 Sold both townhomes and reinvested proceeds in multifamily assets. Scaled much more quickly without the hassle of being an active landlord. 2023 Net worth has more than doubled. 💰💰 2024 Preserving the value of hard earned money and hedging against inflation through hard assets and debt funds. 💰💰 It's NOT too late. You can jump into real estate at any age and make a huge impact on your financial future. Multifamily is the way to scale quickly. Want to learn how to get started? Type DM me in the comments section! #thequattroway #multifamily #FinancialFreedom #PassiveIncome

🏡💡 Did you know? A surprising 80% of home rentals in the U.S. are owned by "mom and pop" investors! This meme highlights the crucial role small-scale, individual investors play in the housing market. 🌟 It's not just big corporations; it's everyday people contributing to our communities by providing rental homes. Let's appreciate these unsung heroes of the real estate world! 🙌 🔑 #sweetlifeteam #RealEstateFacts #MomAndPopInvestors #HousingMarket #InvestmentInsights

MOVE SMARTER, LIVE BETTER: Capitalize on 2024's Real Estate Optimism The real estate landscape is shifting. 68% of investors view the current market as improved from last year, with house flippers seeing an average 27.5% ROI. At Unreal Estate, we're equipping both homeowners and investors to leverage these trends: • Data-driven insights to identify prime opportunities • Efficient processes that reduce traditional bottlenecks • Technology that simplifies complex transactions In a market where timing and information are crucial, our platform provides the tools to make informed decisions. Discover how Unreal Estate can enhance your real estate strategy. Visit unrealestate.com to learn more. #DreamHome #RealEstate #HomeBuying #lnvesting #PropertySearch

Let’s separate fact from fiction. Despite some recent buzz, mega investors aren’t buying up all the homes. They’re only buying less than 1% of the single-family homes. And that’s down from the 2% in 2022. So, don't believe the hype – and if you have questions, I’m here. #housingmarketnews #homeownership #LetsConnect #ReBelleRealty #KenoshaRealtor #RacineRealtor #Realty #RealEstate #Realtor

My real estate journey began back in 2002 with my first home purchase. As my family grew, so did my investments—we bought more homes, moved, and rented them out. Eventually, I discovered the power of multifamily real estate and syndications, realizing the benefits of economies of scale, higher revenue, and the passive income they offer. [CONNECT WITH US AND LET US KNOW YOUR STORY, COMMENT BELOW] #realestatejourney #multifamilyinvesting #passiveincome #propertysyndication #investwithscottkidd

Timing the market is tricky, but with the dynamic growth in Central Ohio and the emergence what is being referenced as "the Silicon Valley of the Midwest," it now might be the perfect moment to make your move! If you've been contemplating selling and upgrading to your dream home, our real estate market is on an upward trajectory. Don't miss out on the rising equity wave! 📈🏡 #RealEstateGrowth #CentralOhio #SiliconValleyMidwest #EquityRise #DreamHome

Pictured is three generations of my family. I won't name names but one of these guys arrived in the 50's, one in the 90's, and the last just three years ago. Within the multifamily industry, we've seen age (property age) reach a fairly clear delineation point for the majority of buyers and investors - "90's & newer" has become the refrain. Well, a few weeks ago, Flagship Capital Partners closed a new round of funding for our equity and credit programs. And these new dollars are boldly going where we've rarely gone before - nicer, newer assets! Yes, we're still looking for the workforce housing 70's and 80's deals (it's a third of existing apartment supply after all) but we've opened ourselves up to look at buildings constructed within the last thirty years too. And maybe you're thinking, "Garrett... you're only writing $3 to $7 million checks. How are you going to be a help on these bigger equity raises?" First, thank you for your question. Second, we don't need to be 90% of the equity. You've got a $14M raise - we'll happily be $6 or $7 million of that and let you raise around us. Or maybe you had a $5 million HNW LP drop out late, that's our sweet spot and we can move quickly. Message Brian Cutrell or myself if you've got questions or a deal to discuss. We've got millions of dollars burning a hole in our pockets and JC Clemens Jr. is raising more to go behind that.