All three of these elements are critical to achieving financial
success on each project. The discipline and rigor of a process
driven operation has enabled us to produce a profit on each
project, while avoiding big pitfalls.
Buy Right
Clear Purchase Criteria
Put a Lot in the "Funnel" to Generate Choices
Outstanding Due Diligence
Drive Down Price
Be Willing to Walk
Renovate Smart
Be choiceful about the extent and level of renovations
Drive down labor costs through multiple bids and negotiation
Drive down material costs through standardization and negotiation
Sell Well
Study the micro-market closely to price right
Get maximum exposure for the property through aggressive marketing
Ensure the product and preparation for sale is top notch
MULTI-FAMILY BUSINESS
Our approach is similar to our "Residential Renovation & Resale Business:"
We fully believe in the adage that you make money when you buy. So we analyze many opportunities before we find one that is worthy of an offer.
We seek opportunities where we can add value. That may be through improved management, capital improvements, or both.
Once a property is in shape, our goal is generally to hold good real estate over time.
DEVELOPMENT / REDEVELOPMENT
The company is pursuing development / redevelopment opportunities that have the potential to generate larger financial gains to supplement the other two business activities summarized above.