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Acquisitions Best Practices | Requity, Luis Velez & Troy Trecroce
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In this week's episode of Requity Insights, we dive into the world of commercial real estate acquisitions. Our guest, Troy Trecroce, Head of Acquisitions at our group, shares his experience and insights on sourcing, analyzing, conducting due diligence, and financially modeling commercial real estate deals. Troy takes us on his journey from commissioned Air Force Officer to dabbling in stocks and futures to ultimately transitioning full-time to commercial real estate investing. We learn about his educational background, military service, and how he joined the Requity Group. Troy discusses the differences in financial models for mobile homes and RV parks and the complexities of underwriting these properties. He emphasizes the importance of clear communication with brokers, education, networking, and finding a mentor in the real estate industry.
00:00:00 Requity Insights welcomes our Head of Acquisitions, Troy Trecroce.
00:02:40 Transitioning from stocks and futures to full-time real estate investing.
00:06:46 Most important receivables include profit & loss statement, rent roll, and occupancy report.
00:11:03 Different ways to model mobile home and RV parks, depending on ownership and mix of homes, seasonal/long-term or short-term/transient.
00:13:32 Ideal operating mix of 70-80% long-term, 20-30% short-term rentals
00:17:44 Last thought: Importance of educating yourself and simultaneously networking.
Follow us on social media!
Dylan Marma https://www.linkedin.com/in/dylanmarma/
Luis Velez https://www.linkedin.com/in/luisevelez/
Troy Trecroce https://www.linkedin.com/in/troytrecroce/
The Requity Group https://www.linkedin.com/company/requ...
Watch this podcast on YouTube / @requity
Are you interested in becoming an investor? Visit https://www.therequitygroup.com to learn more.
#rvindustry #markettrends #camping #rvparkinvesting #investing #mobilehomeparks #acquisitions #underwriting
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