The Berges Investment Group, founded in 1997 by author Steve Berges, can assist you with all of your multifamily investment needs.
With over $100 million in personal buy/sell real estate transactions and $150 million in client transactions, Mr. Berges has the expertise necessary to help you become successful!
Whether you are just starting out with your first small apartment building, or are an experienced investor with multiple properties, we can assist you with a variety of professional multifamily services. These include all facets of your apartment acquisition such as underwriting, financing, due diligence, assisting with 3rd party reports, and closing representation.
Professional consulting services provided by the Berges Investment Group are offered on a fee basis and will depend on the size and scope of your needs. Fees may include a retainer paid in advance as well as commissions collected at the time of purchase and/or sale of your property.
The Berges Investment Group will work with you to assure that you receive the highest level of professional services to match your business requirements and objectives. In order to fully understand your specific needs, we are happy to discuss with you your situation, budget, desires, timelines, and expectations.
We can assist you with identifying a multifamily property that is ideally suited to your investment needs. Mr. Berges will personally fly into the specific target market you are interested in to help locate an apartment building determined by the investment criteria predetermined by you. Opinions and recommendations will be made regarding the suitability and investment potential of each property looked at. Mr. Berges will furthermore represent you through an exclusive buyer's agency agreement throughout the entire process of your acquisition if so desired. This includes the ever important step of contract negotiation to ensure that you get the best price possible. This step alone can potentially save you tens of thousands, and even hundreds of thousands of dollars.
Properly underwriting an apartment building to determine its value in the marketplace is the key to an investor's success in this business. You simply cannot afford to overpay for a property. Doing so can create cash flow problems from the very outset that will break the bank (as is evident by the number of multifamily foreclosures currently on the market). Overpaying will also wreak havoc on an investor's expected returns, not only during the operation of the property, but also at the time of sale. The absolute best time to lock in profits is at the time of purchase!
We work with a variety of lenders across the nation who specialize in financing apartment loans. Whether you're looking for a traditional multifamily loan for a small apartment building, a conduit loan product for a larger project, or perhaps a loan package that includes funds for renovations and rehab work, we can help! We offer competitive loan products at competitive rates!
Once you have identified an apartment building for purchase and have it under contract, performing accurate and timely due diligence is crucial to determining whether or not to proceed with the transaction. Due diligence services include examining financial documentation provided by the seller, inspecting the exterior of the property, and inspecting the interior of several of the units. It may also include the examination of vendor contracts and potential tax liabilities.
Investors who purchase value added opportunities such as deeply discounted foreclosures with below market occupancy or buildings that need rehab will most assuredly want to consider the post-acquisition services offered by the Berges Investment Group. These include making recommendations for rehab and renovation work (whether light to moderate or even extensive), increasing rents through effective property management, stabilizing the property's cash flow, and repositioning it for sale. Recommendations to reduce expenses and increase revenues are the most essential components of increasing your property's Net Operating Income which is the key driver of value. The quicker a property's N.O.I. can be improved, the quicker the asset can be repositioned for sale.
Once the property's renovations have been completed and its rents have been stabilized for a period of six months or so, it is time to begin the implementation of the investor's exit strategy. This may include positioning the apartment building for sale, or adopting a buy and hold approach in which the investor retains the property in his or her portfolio.
The Berges Investment Group works with clients to assist in determining an appropriate exit strategy that is consistent with their objectives. The velocity, or turnover, of an investor's capital is key to above average returns; however, some clients such as institutional investors have large amounts of capital to deploy and therefore prefer to hold their apartment buildings for many years and manage them with a portfolio of similar properties.
Additional services offered by the Berges Investment Group include assisting clients with identifying top property management firms in their respective market place, reducing an apartment building's assessed value and therefore its tax liability, as well as other tax reduction strategies, providing tax and accounting advice, and identifying specific cost savings measures which will in turn increase N.O.I.
Real estate investors now have the opportunity to learn directly from one of the multifamily industry's leading experts, Steve Berges. One day seminars, three day intense boot camps, and personal one-on-one coaching services are available. Training services are offered at rates which are typically half of those charged by others. Investors can expect an R.O.I. that is off the charts considering that the cost of training is very modest when compared to the potentially hundreds of thousands, and even millions of dollars, that can be gained by attending these very informative training sessions.
For more information about our training services, please go to the Contact Us page and submit the requested information.