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.
Prior to that, as the Chief Financial Officer for a conglomerate of residential real estate companies, Steve Berges was directly responsible for all accounting, finance, and tax related functions, as well as the management of an annual budget of $20 million. He furthermore conducted all buy/sell activities for the companies totaling in excess of $100 million in personal real estate transactions.
Mr. Berges' expertise in a broad range of real estate activities including residential, commercial, land development, and multifamily properties is second to none. Additional experience includes site selection and site development, construction management, condominium conversions, feasibility studies, due diligence, contract negotiation, loan document review, construction draws, preparation of sworn statements, collection and review of lien waivers, site inspections, and the coordination of these activities with title companies, lenders, and other third party vendors such as appraisers and city officials.
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.
Mr. Berges, who holds an MBA degree in finance and marketing from Rice University (Houston, TX), is a distinguished author who has written and contributed to a total of fifteen books. He has been featured in numerous nationally syndicated newspaper columns including the Wall Street Journal, NY Times, Chicago Tribune, Albany Union, Detroit Free Press, Houston Chronicle, and many more. He also has been featured in other leading publications such as the Readers' Digest and Money Magazine. Mr. Berges was also co-host of the popular weekly real estate radio program, It’s a New Day in Real Estate, which was broadcast to tens of thousands of listeners.
Mr. Berges has furthermore conducted dozens of seminars in which he was featured as the keynote speaker. He is the developer of The Value Play Real Estate Analyzer programs, a collection of proprietary real estate software models used for the valuation and analysis of income producing properties such as single family rent houses, rehab properties, multifamily apartment complexes, and commercial buildings.
Mr. Berges, an accomplished martial artist in the Korean style karate known as Moo Duk Kwan Tang Soo Do, is a 4th degree master level black belt. As an active martial arts instructor since 2004 and practitioner for 30+ years, Mr. Berges has taught hundreds of students values and skills including respect for others, confidence in themselves, courage and integrity, and the use of highly effective, reality based self-defense techniques.
In his spare time, Mr. Berges spends time with his family enjoying activities such as camping, swimming, and biking. He also is active in both Cub Scouts and Boy Scouts where he enjoys having the opportunity to help shape the values and moral character of boys and young men, thereby helping to prepare them to become responsible and productive members of society. Mr. Berges served as District Chair on the board of the Great Lakes Council BSA as well as Cub Master of Pack 297 and Asst. Scout Master of Troop 297.