Velocity Venture Partners’ Post

Building or rehabbing a property in 2024 is expensive. Very expensive. So expensive that a lot of people are saying no to building. And many are saying no to flipping. A builder friend of mine said unless you bought land years back, it's just too expensive in our market. Even some of the big builders are saying the number one issue is no longer labor but finding properties, in their case, land. Investors, does this sound familiar? I just spoke with a client today and he was a bit discouraged. I don't blame him. I have seen first hand that deals are not quite as prevalent as before, at least not in our local market. But that doesn't mean they don't exist. We just have to dig harder. Sometimes a lot harder. And be more patient and follow up more. In reality, deals happen every day if you can find them. The key is finding them. How? DM me and let's talk about acquisitions. Gotta go deeper on this subject but the deals are there...if we can find them.

We are proud to announce the successful closure of three significant deals, each in distinct sectors of the housing market. Multi-family (#HuntersRidge East Lansing MI) Student (#CrossingPlace College Station TX) and Affordable (#TheCamelot West Hartford CT). These deals not only signify our adaptive approach to real estate investment but also highlight our ability to collaborate effectively with a diverse set of partners. The partnerships we've established this year have been instrumental in our continued success as a Real Estate Investment and Solutions Company. They have allowed us to expand our reach, diversify our portfolio, and strengthen our position in the market. As we look forward to 2024, we are inspired by the power of partnership. It is through these collaborations that we can continue to innovate, grow, and excel in the dynamic world of real estate. We are excited about the future and remain committed to identifying and seizing new opportunities that drive both growth and value for our partners and stakeholders. Here's to a prosperous 2024, built on the foundations of strong partnerships and strategic investments. Happy Holidays and Happy New Year! #RealEstateInvestment #PartnershipSuccess #YearInReview #GrowthMindset #corridorventures #corridorpropertymanagement

Acquisition News from Corridor Ventures! We are pleased to announce the joint venture acquisition of Hunters Ridge Apartments, with our co-sponsor and partner, RM Communities (sister company to RealtyMogul). The acquisition of this 170-unit multifamily property in East Lansing, Michigan aligns with our strategic focus on proven, value-add assets in recession-resilient markets that offer opportunities for immediate cash flow. Situated near Michigan State University and well positioned to benefit from strong economic drivers in the region, Hunters Ridge represents a high quality, stabilized asset with accretive assumable fixed-rate debt, and knowledgeable, experienced co-sponsorship and in-place property management (Village Green). For detailed insight into our strategy and the property's potential, read more here: https://lnkd.in/gPxG_iFD. #CorridorVentures #RMCommunities #RealtyMogul #RealEstateInvesting #CorridorInvestsInCommunity #PoweredByPartnership #HuntersRidge

Four years ago today, Matheson Capital acquired Greenwood Village Townhomes in Charlotte, NC. We purchased this 24-unit, newly renovated property for $3,300,000, and, despite several COVID related set backs, sold it for $4,000,000 in March of 2022. This was a big step for us. At the time, Greenwood Village was our largest acquisition and our first acquisition in Charlotte, one of our favorite markets. If you would like to gain access to our exclusive investment opportunities, join our mailing list, which is linked to in the comments. #multifamilyinvesting #multifamilysyndication #apartmentinvesting #charlotterealestate

Spring is the time for growth and new ventures. Dive into the world of commercial real estate with our expert advice. #SpringIntoNewVentures #SiouxFallsSpring # JDADailyTips #TheJDAWay

Friends! We have a few more spots available to invest in this Zocalo multifamily deal in Dallas, TX. Address: 9680 Timberline Dr., Dallas TX 75220 ✅ 224 units, 92% are available for value add upgrades ✅ 19.3 % projected IRR ✅ 2.29x Equity Multiple over 5 years hold period ✅ Operators are leaders in the sub-market ✅ Acquired at a significant discount ✅ Fixed debt at 5.4% ✅ $50K minimum investment ✅ 506(c) offering, accredited investors only If you're not sure if you qualify for this status, we have resources to help you. One of my goals is to help more people become accredited investors, as I hate to see people can't invest in some of the better deals because of this damn status thing. Article for reference: How to become accredited investors (https://lnkd.in/eTMkZZ3P)

Hazelview's pipeline: $13.4B in value, over 21,000 rental housing units Contact me to discuss the latest scoop in real estate! #TorontoRealEstate #PropertyInvestment #RealEstateTrends #MarketInsights #conciergerealestate #lindasaiet #TorontoRealEstate #CondoLiving #FirstTimeHomeBuyer #RealEstateJourney

Be the ideal tenant! Good credit, solid plans, and a track record of success can secure better lease terms and long-term partnerships. Let's set you up for success in your new commercial venture! #TuesdayTip #IdealTenant #commercialrealestate #cre #yourcrecompass #howardcorporate #smallbusiness #realestateeducation

* Saint-Gobain and #Fosroc: The Great #ConstructionChemicals Courtship* In the bustling world of construction and industrial materials, a grand love story was brewing. It all started when Saint-Gobain, the seasoned veteran with centuries of experience and a penchant for innovation, laid eyes on Fosroc, the dynamic specialist in construction chemicals. It was the beginning of a #corporate romance that could cement their place in industry folklore. Picture Saint-Gobain, the charming giant with a 350-year history of transforming buildings and cities. With the confidence of a #globaleader and the swagger of someone who once built the Hall of Mirrors in Versailles, they knew what they wanted. And what they wanted was Fosroc—a nimble, agile company with the secret sauce (#waterproofing, #concreteadmixtures) to enhance Saint-Gobain's vast empire. Fosroc, on the other hand, was the go-to guru for #constructionsolutions, strutting around with a portfolio that could make any #foundation stronger and any #structure dry and more enduring. They weren’t just in the business of chemicals; they were in the business of turning #construction challenges into triumphs. So when Saint-Gobain decided to pop the question, it wasn’t your typical proposal. There were no violins or sunsets, but there were plenty of spreadsheets and strategic planning sessions. Saint-Gobain didn’t just get down on one knee; they came with an offer that Fosroc couldn’t resist—a partnership to conquer new markets and build stronger, together. The corporate courtship was swift yet thorough. Imagine a whirlwind romance filled with due diligence, regulatory approvals, and the occasional conference call hiccup. But nothing could dampen their enthusiasm. They both knew this merger wasn’t just about combining balance sheets; it was about blending expertise and pushing the boundaries of what they could achieve together. The announcement day was like the big wedding reveal. Saint-Gobain, ever the proud partner, shared the news with the world: “We’re #acquiring Fosroc!” The #pressreleases flowed, the market analysts buzzed, and #stakeholders cheered. It was a match made in construction heaven. With this union, Saint-Gobain and Fosroc are poised to create a powerhouse in the #buildingmaterials world. Think of them as the dynamic duo of durability and innovation, ready to tackle any #constructionchallenge with a blend of historic expertise and cutting-edge solutions. So here’s to Saint-Gobain and Fosroc, the newest power couple in the industry. May your merger be as solid as the #concrete you enhance, and may your partnership pave the way for countless new innovations and successes. After all, in the world of construction and beyond, two strong #companies are always better than one! In the grand #architecture of #mergers and #acquisitions, Saint-Gobain and Fosroc have built a foundation for a truly remarkable future. Keep building, innovating, and turning dreams into concrete realities.

This is one of the deals I talk to investors about the most, because this was our toughest investment. Full story below 👇 While this did end with a happy ending (we returned all investor capital and a small profit), a lot of things went wrong, and we had to work through them for years just to keep the property afloat. We purchased the property 4 years ago today, but the day before closing, the outgoing property manager put in a very problematic tenant, which was exacerbated by the fact that the property was only 24 units with no onsight payroll. By January, they had stopped paying rent, so we moved to evict, and our court date was scheduled for...March 15th (AKA the date that the courts in Mecklenburg county closed due to COVID). Things only got worse from here. In the ensuing months, crime and non-payment became prominent on the property. Even working with the police every day, we were not able to remove disruptive tenants until November 2020. With all of this going on, many of our paying tenants moved out, because they didn't want to live at such a rough property. Economic occupancy dropped below 50%. Due to the drop in revenue, we couldn't cover debt service, so Evan and I were the first people to put money into the property to keep things running. In just over two years, we ended up having four property managers. We fired the first, the second and third chose to leave, and the fourth managed it through our eventual sale. You learn a lot through experience, and we learned a lot through this property. We've taken these lessons to heart on all future acquisitions. The reason we talk about this investment frequently is because we're not trying to hide the rough spots from our investors. So if you'd like to learn more about this project or any upcoming opportunities, schedule a call today. We're always happy to talk.