Bloomfield Homes’ Post

Happy Labor Day #realestateexpert #realestateadvisor #realtor #realtorlife #commercialagent #commercialinvestment #realestateadvice #realestateeducation #realesteteagents #commercial #commercialbuildings #commercialfinance

This month I will celebrate my 47th Birthday. Yesterday, I was in the path of totality.  No better time than the present to (finally) pursue my passion! I have always been interested in real estate, but I started to consider it as a career in 2001 while taking a real estate investment class at Harvard Law School. In 2002, I joined Orrick, one of the best commercial real estate practices in the country. In 2006, when I left the law to start recruiting on Wall Street, I adored my new career, but couldn’t shake my real estate dreams. The turning point came in 2009 when the market tanked, and I made my first investment – a short sale with 10% down and a 5/1 ARM. I was hooked! When my husband landed his dream job in Dallas and we moved our family to an amazing neighborhood in West Plano, it only took me about a month to start saying “y’all”….and Y’ALL(!!!!) it took me even less time to realize that we had moved to the best market for real estate investment in the nation. After investing in three different cities around the Metroplex and completing a new build in North Dallas last year, I realized it was time. I am beyond excited to announce that I have joined Team Clary Realty, a successful brokerage with strong roots in Texas and a deep knowledge of the DFW market. Having lived and worked in Napa, DC, Boston, SF, Tokyo, NYC…and to have called DFW home for the past seven years, I know quite a bit about relocating, and have a unique perspective on the diverse needs of individuals and families looking for their dream home in our vibrant state. THREE cheers to my 3rd Act! (1) CHEERS to enthusiastically pursuing your dreams at any age, (2) CHEERS to real estate paying you five ways (ask me how!), and (3) CHEERS to the unstoppable DFW real estate market. If you are reading this on LinkedIn, add me on Insta. If you are reading this on Insta, add me on LinkedIn. Facebook, I think I’ll be around more often.            Super fun to shoot this picture in my kitchen with @madelinefayphoto.

Check out another #Mortenson #FindYourReason story!

When we closed on our Fort Payne, AL 72-unit asset a few weeks back (part of a larger portfolio buy), the average rents were $806 with the maximum rent being $845. Going in, we were confident that it would be rather simple pushing rents 50%... hence our 40%> IRR projection. Flash forward to today and we are leasing them, with ease, at $1,249. Thats a 50% jump from what they were filling at a few weeks back and is proof of the significant value potential of this asset. These were even pre-leased before we were done with renovations and before we had any photos! Yes, renovations help, and our teams deliver excellent results in that department - but equally important is the fact that Fort Payne was a "hidden-gem" market that many overlooked. It has very low apartment supply and is growing at a steady pace. Combine that with strong employment metrics (great mix of different industries, including numerous fortune 500 companies) and favorable income demographics, you have an area that is perfect for real estate investment - at least in our mind! A big reason we tend to shy away from the larger cities is we've never come across apartment complexes in which you can jump rents 50% in rapid fashion. It's just not possible - as usually that apartment has changed owners multiple times in the last 5 years and you are competing with so many external variables (over supply, strong competition, more susceptible to interest rate changes, etc). Glad to see this project off to a HUGE start! If you are ever in northern AL, i'd strongly suggest taking a trip through Fort Payne... it's such a cool town! Plus, the band Alabama is from there, which is a plus! https://fortpayne.org/

Our Real Estate group is something.

This property is a steal! East Cleveland may be one of the very few places left in America, where you can get a property for less than $100k. Far cry from its not so humble beginnings when the Rockefeller Family called this place home. Contact me for more details. This one definitely won’t last long. #clevelandrealestate #realestate #realestateinvesting #realestateinvestors

Happy St. Patrick's Day! May your day be filled with laughter, joy, and the company of cherished friends and family. Should you ever find yourself in need of real estate guidance, know that I am here for you, ready to lend a helping hand or share a friendly conversation. #stpatricksday #realtyblvd #realestate #propertymanagement

Where do you plan to spend your summer in Jacksonville? Share your plans in the comments! #GodoyRealty #RealEstate #InvestmentProperty #Jacksonville #GodoyRealtyJax

Patterson Andrews was built on a foundation of shared core values (Faith, Family, and Fun), dedication to our work, and mutual respect for our clients. After parallel paths and decades of experience, we joined forces to make an even greater impact. Together, our complimentary skillsets and approach brings deeper value and new possibilities to the families and communities we serve. #PattersonAndrews #WealthManagement #WealthManagementServices #FinancialPlanning

"We thrive after we get punched in the face." - Nick Castellanos after the Phillies game 2 NLDS loss. I think everyone in real estate would agree this market feels like getting punched in the face. Its how you address, navigate, and identify solutions in times like this that will allow long term success in an industry that is inevitably cyclical. We are here to give you the tools to respond like Bryce Harper (and Castellanos himself, and Trea Turner, and BMarsh for that matter) did last night. We have a wealth of research, comps, historical data etc to help you make the best decision possible in your unique situation. Don't hesitate to reach out to both Karen Iman and myself about all things Multifamily. Go Phils, play the song! #multifamily #investmentsales #multifamilyinvestmentsales #multifamilycapitalmarkets #capitalmarkets #philadelphiarealestate #realestate #philadelphiacapitalmarkets #pittsburghrealestate #pittsburghmultifamily #philadelphiamultifamily #philadelphiaapartments #pittsburghapartments