Jen’s Notes and News: Q1 2023
2023….. A Promising Outlook!
As another year comes to an end, I cannot help but reflect on what a great year it has been for the Empire Family of Companies. From launching our Empire Investment Club to the growth of Empire Property Construction and a successful year of acquisitions for the Empire Capital Fund, I can say with certainty that we hit our goals this year. I couldn’t be prouder of our team and the growth we continue to have year over year!
Our current economic climate as well as the uncertainty of the real estate market have many people singing the song of a bleak 2023. I, on the other hand, see opportunity for those that are ready to take advantage of it. To summarize my point, you never want to be doing what everyone else is doing. While the world is talking about interest rates, the real estate market and what the Fed will do next, we are quietly taking down deals that are quite frankly, unheard of. Why? Because we choose to find another way when we have a challenge or a roadblock. There is no time to dwell in fear and uncertainty. I prefer to take the reigns and control the outcome. If you are waiting for the market to correct itself to invest, you are missing other opportunities you never even knew existed!
My team and I have already put a lot of thought into how we can best assist you — our dedicated investors — in the new year. We are currently developing our online presence in order to bring the property management and the real estate investing knowledge we have to the masses. Right now, we are active on Facebook, LinkedIn, and Instagram, and expect to add other channels — like YouTube and TikTok — to our repertoire! Follow our socials to learn more about investing tips, investor educational events, and all the fun we have while in the office or out in the field. We’d love to hear your feedback on what you’d like to see on these pages.
While you’re scrolling our socials, you might notice some news about our Empire Capital Fund. At the end of December, we closed on an 11-unit property that we purchased for 42K a door. That’s right- it is not a typo! The renovations (of course done by our Property Construction team) will begin shortly. We cannot wait to show you the before-and-after photos of this rehab project. As always, we will continue to source off-market deals to increase our fund investors’ bottom line!
Our capital round closed at the end of December. We are unsure if we will raise more capital at this time, but if you are interested in learning more about how we find and acquire deals like this or what you can do to get your money working for you, reach out and set up a one on one call with me.
Finally, be on the lookout for more EIC events in the new year. We are very excited to announce that we will be taking the Club events from online to in-person this spring. We are so excited to gather, network, and talk all-things-real-estate-investing face to face.
As always, thank you for your continued support and belief in our businesses. We love what we do and we wholeheartedly know that none of it would be possible without you. Cheers, to a prosperous New Year!
