Happy Thanksgiving!
groundswell assets
passively invest in multifamily real estate reduced taxes. equity growth. quarterly cashflow. portfolio diversification.
Aloha,
It's that time of year again when we share what we're grateful for and say Happy Thanksgiving to all of our partners, vendors, friends, and families.
We can honestly say that 2022 has been one for the books. With the markets being thrown into utter confusion, we've heard from many of our partners that they are sitting on cash waiting to see what is going to happen.?We have a?watchful eye?on inflation, interest rates, and rumors of a?housing crash.?Will the road runner finally get caught by the coyote??Who shot J.R.??Will the circus return to Washington? It's been quite a ride this year.?
We remain pragmatic as we?mind the numbers while we adhere to our fundamental investment strategies:
??????LOCATION
???????????? JOB GROWTH
???????? PATH OF PROGRESS
?????? POPULATION GROWTH
?????????? SUBMARKET MEDIAN INCOME
Groundswell Assets prioritizes laying these large foundational stones first on the deals we curate for our investment partner network.
We are very grateful to our partners, our vendors, our friends, and our families for sticking with us and trusting us through the ups and downs of this crazy year. The year started a bit slow as we were involved in multiple deals that did not come to fruition. We traveled and had several under contract that we pulled out of for various reasons. Then with a little persistence, we were able to successfully close on 200 units in Allen, TX, and again 208 units in Atlanta, GA.?
We traveled to Dallas, San Antonio, Wilmington, Raleigh, Atlanta, Austin, Phoenix, El Paso, and Tucson looking at deals. We reviewed deals in several Alabama markets, Mississippi, Florida, Iowa, Ohio, Tennessee, and others looking for the right opportunities to invest in. Finally, Dallas and Atlanta popped!?
We're thankful?for all the amazing contacts and friends we've made this year. We're truly blessed to have amazing families who stand by us through thick and thin to build a future for us and all of our partners.?
2022 has been full of many lessons, challenges, and blessings. Thank you to all who have been with us this year. You are the reason we do what we do and we are truly blessed to serve you the way we do. Thank you for making 2022 bountiful and abundant.?
This Thanksgiving as we gather around our turkeys, tamales, lau laus, stuffing and pies, let's all take a moment to give thanks for all the blessings in our lives.?
Before we go, we'd regret it if we forget to remind you of the opportunities to take advantage of the last 45 days of 100% bonus depreciation that can create huge tax savings on your 2022 returns. All remaining investments must make it in before Dec 31st to take advantage. After January 1st, this opportunity will fall prey to the IRS archives of yesteryears. If you still need to deploy capital and increase your depreciation losses,?schedule a call?and review our offerings at?www.groundswellassets.com/invest.
Thank you all for an amazing year!?
领英推荐
Have an excellent holiday weekend!
The Groundswell Assets Team,
?Benjamin?|?Jayna?|?Joshua
The U.S. Needs More Housing Than Almost Anyone Can Imagine
How many homes?must the United States’ expensive coastal cities build to become affordable for middle-class and working-poor families again? Over the past few weeks, I asked a number of housing experts that question. I expected a straightforward response:?If you build X units, you reduce rents by Y percent—which means that...
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