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Eric Fitzgerald is committed to exceeding your expectations
“Don’t wait for your ship to come in, swim out to it.” -English author Cathy Hopkins. Taking the initiative. It can mean the difference between success and failure. And, as PassiveInvesting.com’s new Directors of Acquisitions, Eric Fitzgerald knows, it can mean the difference between landing a great job and toiling with the status quo. In…
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Ready to Submit Your First ‘Soft Reserve’?
You may have received an email from us with an offering announcement and had questions about the process for submitting your first soft reserve. After reading this article, you should have a better understanding of our internal processes including the three strikes and you’re out rule. What is a Soft Reserve? Our offerings are released…
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Self-Storage Forecast: Big Money, Big Deals
In December 2020, Blackstone Real Estate Investment Trust (BREIT) closed on the $1.2 billion Simply Self Storage portfolio owned by Brookfield Asset Management. The acquisition makes BREIT the third-largest non-traded REIT in the U.S. In October 2020, Bill Gates, co-founder of Microsoft, purchased an ownership stake in StorageMart, the eighth largest storage operator in the…
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Getting Involved and Giving Back
Before Dan, Brandon, and I started PassiveInvesting.com I was working as a financial consultant and traveling a lot. My typical week required me to fly to a city on Monday morning and return home Thursday evening. I spent a lot of time in airports, hotels, planes, and taxis. The biggest issue I had with all…
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The Buy, Hold, Sell Process
The investment horizon for every property or deal is different. Having a business plan with a five-, seven-, or ten-year hold duration is required, but the plan needs to be reviewed and evaluated several times a year. Given the unique micro plus macro-economic factors that influence rents, property values, interest rates, and cap rates, we…
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Improvise, Adapt, and Overcome
Improvise, adapt, and overcome is a well-known saying most commonly associated with the Marine Corps. This slogan embodies the idea that you can overcome anything if you are able and willing to adapt to new conditions and unexpected circumstances. Another well-known saying is “Survival of the Fittest.” While I don’t agree with how far Darwin…
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Return Metrics for Multifamily Offerings Moving Into Q2 2021
If you would have asked me in early 2020, “what type of returns does PassiveInvesting.com typically try to achieve on your multifamily investment offerings?”, I would have told you that we are typically projecting 14-15-16% IRR (see online article explaining the IRR calculation in our knowledge center on our website) for a 5-year hold time…
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Self-Storage Expert Jon Allen Loves What He Does… and You Will Too
“Why am I spending two hours driving to and from work each day to enrich somebody else?” That was the question Jon Allen asked himself on June 17, 2019. He was working for a commercial real estate company as their Chief Financial Officer (CFO). He also played a big role in the real estate development…
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What markets are you focused on?
This is one of the most common questions I get asked, and while it may seem straightforward on the surface, it’s important to dig into “the question behind the question.” So – what markets are we focused on? North Carolina – Raleigh/Durham/Chapel Hill – “The Triangle”, Charlotte South Carolina – Greenville, Charleston Georgia – Atlanta…
Education
