Raising private capital to acquire, renovate, and operate residential investment properties. Part 2
About this episode
Peter Neil discusses the investment opportunities in Baltimore's residential market and the strategies employed by GSP REI.
Most investors won't touch Baltimore. Peter Neil sees 13,000 vacant homes and a massive opportunity. 🎙️ Peter Neil | GSP REI Workforce Housing Operator | Capital Raiser | Fund Manager Part 2 — Buy Box. BRRRR Discipline. Capital Strategy. Their model is precise. All in at $130,000 or less per property. ARV target of $185,000 minimum. Seventy percent loan-to-value refi. Cash recycled back into new acquisitions. Rinse. Repeat. This is not a hunch. This is a system. Why Baltimore Unemployment near historic lows. One of the fastest growing GDPs of any major metro in the country. Proximity to Washington, D.C. Anchor employers like Johns Hopkins, McCormick, and Under Armour. Over 13,000 vacant homes still waiting to be touched. While investors flooded the South, Baltimore stayed overlooked. That's the point. Value lives where attention doesn't. Their Secret Sauce GSP buys near hospitals. Not just any hospitals. Hospitals that make community investment. Institutions that have a vested interest in keeping their surrounding neighborhoods clean, safe, and stable. They also analyze: Charter school access Crime trend maps Workforce density Proximity to major employers This is location…
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