05/28/2026
I just spent the entire day yesterday driving around with this Broker) based in Houston Texas.
He’s been in the business for 50+ years and he’s been based in Houston since the early 90s.
To say he knows a thing or 2 about how the game is played is an understatement.
We just looked at thousands of units that are currently in foreclosure and thousands more that are about to be.
These are going to be trading at 50 cents on the dollar from the price they sold for just 3 to 4 years ago
Over leveraged buyers that expected things to continue going up and when interest rates doubled or tripled there was no way they could service the debt to stay above water.
We are taking advantage of that opportunity by acquiring them in distress with massive vacancies and doing what we do which is add value and lease them up with solid Tenants and then extract that value and rinse and repeat.