SkyBeam Capital Blog | Real Estate Investment Learning Center

Borrower Success Story - Building a Generational Dream in Glennville, GA

Written by SkyBeam Capital | September 20, 2024
 At SkyBeam Capital, it's our priority to make sure all of our projects become success stories. If you want your story to be featured, complete our Borrower Success Story Survey here.

 

Meet the Investors: Background and Ambitions of a Real Estate Professional

Over a year ago, we established RSRG Investing to self-finance our restaurant management venture. As a small business owned by a minority and disabled veteran, securing affordable funding in the current market was a significant challenge. Back in 2015, I got into property investment in Savannah, GA, and it endowed me with valuable skills and knowledge. 

This background bolstered our confidence in succeeding as full-time investors in the fix-and-flip market. Besides flipping houses, we also manage three Subway franchises, a food court restaurant named Portions, and maintain several contracts with the Federal Government as a food service contractor.

 

What Drives Your Passion for Real Estate Investment?

My grandfather was a contractor who built churches and houses in Jasper County, South Carolina. My passion for building began there. As teenagers back in 1985, my brother and I helped construct our parents' brick home in Ridgeland, SC. 

Currently, my first cousin, who owns JPI Construction, serves as my general contractor. Together, we strive to uphold my grandfather's dream of running a family-owned construction business.

 

The Journey to Finding a Profitable Real Estate Deal

Many of our best deals are generated through word-of-mouth referrals, thanks to the diligent efforts of our Real Estate Agent. She ensures a constant supply of high-quality real estate opportunities.

 

Addressing Challenges in Real Estate Ventures

Securing dependable subcontractors is essential. Thoroughly vetting electricians, plumbers, painters, and others is crucial to ensure the selection of suitable individuals for the job. Although we have learned this through several tough experiences, it has not hindered our drive and passion for success.

 

Project Highlights: Celebrating the Most Rewarding Aspects of this New Construction Deal

The finished product and the expressions on people's faces when they entered your property were irreplaceable. The way someone feels when they know this is their dream home is a feeling you can't replicate.

 

Reflecting on the Real Estate Experience and Future Improvements

If I had another chance, I would make sure to pay the contractors in full only after the work is finished to my satisfaction and meets my quality standards.

 

Insights for New Investors: Essential Advice for Starting in Real Estate

I wish I had known the numbers better. In the beginning, we had to rely on others in the industry to guide us and make decisions for us. It's crucial to know your numbers.

 

Why Partnering with SkyBeam Capital Made a Difference

As new investors without many properties in our portfolio, SkyBeam took a chance on us. Eason made time in his schedule to discuss our dreams, directions, and experiences related to running a successful real estate business. We greatly appreciate the entire SkyBeam team.