WBP – Opportunity is Out There with Steve Berges
Steve Berges, founder and Chief Executive Officer of the Berges Investment Group, has been a successful real estate investor for more than three decades! Mr. Berges has logged over $250 million in combined personal and client transactions buying and selling everything from land for subdivision developments, residential construction, single family rentals, and of course, his favorite – multifamily apartment buildings!
Berges’ previous experience includes serving as the Chief Investment Officer representing a local Houston real estate company where he was directly responsible for a portfolio of 4200+ apartment units with a market value totaling approximately $200 million. He represented the company in all buy, sell, contract review, and financing activities.
As the author of The Complete Guide to Buying and Selling Apartment Buildings and The Complete Guide to Real Estate Finance for Investment Properties, Steve Berges has extensive knowledge and direct experience with cash flow analysis and the valuation of income producing properties, the creation of value-added measures to enhance N.O.I., as well as all facets of finance and accounting as it relates to commercial, multifamily, and residential real estate.
He speaks with us about the RV model, value adds and water slides.
The Rundown
Apartments to RVs
Deal Scarcity
Competition
Foreign Buyers
Cap Rates
Houston
Value Add
NOI
The Next Deal
Family Bonds
Tent Camping
Michigan
Amenities
Long Term Monthly Guests
Family Vacationer
Community Activities
Seniors
Property Rights
Motivated Sellers
Spending The Money
Raising Rates
Management
Staffing
Location
Water Slides
Hot Tubs
Occupancy
Seasonal Business
Financing
Insurance
Book Recommendations
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