ARE YOU THE NEXT PROFITABLEPROPERTY
PRIVATE INVESTING SUCCESS STORY?
Jay Goldberg met John Peterson about 10 years ago and since
the early 1990’s has invested money in “about
40 to 50 deals” with him. What makes investing with
John more attractive to Jay than other investment opportunities? “He
pays better and is reliable,” Jay says pointedly.
Jay has invested in properties in Virginia, Maryland and
the District. “John is a professional and he comes
across with mostly no-brainer deals,” he says.
Explains Jay: “John provides information on each
deal including recent comparables, an explanation of renovation
expenses, and an exit strategy on the project. He is very
good at identifying properties throughout the D.C. metropolitan
area and he consistently returns a solid rate of return.
He has the ability to make sure the renovation is done in
a timely manner and the capital is highly secured against
the property. I look forward to working with John for many
more years and seeing his business and opportunities grow
throughout the region.”
James Holder moved to Arizona in 2002, but it was when
he lived in Bethesda, Maryland that he first was introduced
to John Peterson and ProfitableProperty.
“We had been friends for about four years,” Jim
says, “before I was an investor. I got involved with
him about three years ago because John is a professional
at what he does.”
Jim wanted to diversify his holdings by having a portion
of his portfolio invested in real estate. “I don’t
have the expertise, nor did I want to be part of a large
REIT. I wanted to be a little hands-on and be able to see
my money working through someone I knew.”
Jim, a sales executive with an insurance company, has invested
several hundred thousand dollars in deals with John over
the last three years.
Their first project was a renovation of some row houses
in the North Capitol area of D.C. “The payout was extremely
attractive for everyone involved and from time to time John
has called me on some short-term deals where I’ve invested
$50,000-$100,000 for 75 to 90 days. We’ll do quick
deals, in-and-out, together. I also have money that continues
to roll from one project to the next.”
“He is paying extremely attractive returns,” Jim
notes. “I’ve had short-term money that on an
annualized rate has earned in the 30%-40% range. And my long-term
money is in the 13% range.”
“The way we structure these deals,” explains
Jim, “I can get attractive returns, but also mitigate
the down-side risk. My investment is relatively safe – it’s
backed up by the deed of trust on the property that his company
owns.”
Summing up, Jim comments, “John’s business
model works for me in a way that causes me to have a great
deal of comfort in investing a large sum of money.”
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