Our friends at Voss Capital recently published a 6-part series with an in depth review of the U.S. Housing market. We highly recommend this as a resource in furthering one’s knowledge on why we have such conviction on the supply/demand imbalance for our sector of the housing market.
Josh is an Oklahoma Native and has 8 years’ experience in the Construction/Inspection industry. He recently worked as a Home Inspector for his own business where he performed home inspections for real estate transactions. Josh spent 10 years as a Manager of Track Maintenance for BNSF Railway. He was the project manager for over 170 projects in the last 5 years, managing 35-40 employees daily.
He managed the daily maintenance operations for bridge building and track maintenance/repair. During his time at BNSF Railway, he managed an operating budget in excess of 2.5 million dollars each year and a wide variety of projects valued at over $60,000,000 a year. At Green Residential, Josh is our Project Manager in Oklahoma. He inspects homes prior to purchase, builds scopes of work, develops budgets, and inspects homes during construction. Josh is a 13-year Army veteran who is married with two kids.
Austin DuplexesWe negotiated the purchase of 10 duplexes (20 units) for $4.5M or $225k per dor. These properties are only a few miles from The Domain which is one of the most notable
mixed-use developments in the city of Austin.
The seller of this portfolio was a woman in her mid 70s who had the portfolio under contract for $5M. The buyers asked for an extension of the contract, but the seller got cold feet and wanted to sell to someone who could close quickly.
Our team offered $4.5M with a quick close and large earnest money deposit which gave the seller the comfort she needed enabling the Fund to acquire this portfolio.
