27: Multi-Family Investments with Bruce Petersen
Bruce invests in properties ranging from 120 to 300 units and manages over 900 units, producing average returns of 9% annually for his investors. Today, he shares how he drives value through improved operations by insourcing property management.
The Profitable Property Management Podcast
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Show Notes
Today, I'm talking with Bruce Petersen, a multi-family investor, and CEO and founder of Bluebonnet Asset Manager and Bluebonnet Commercial Construction.
After a 20 year career in retail, Bruce made his first real estate investment which yielded a 300% return and he's been hooked ever since.
Today, Bruce syndicates large multi-family deals in central Texas. Properties ranging from 120 to 300 units per property and he currently manages over 900 units in a portfolio, producing average returns of 8 to 9% annually for his investors.
Bruce is obviously a little different than our usual guest, but that's a good thing. Today we're going to get a chance to hear the perspective of a successful real estate investor and why and how he has decided to successfully insource property management.