Who We Are and How We've Evolved
Randy Halsne started in the construction/development field over thirty years ago and has built and developed condominiums, apartments, and commercial properties in many areas of Southern California. Over the years (when he had extra time) he invested, in a small way, in foreclosures, spec houses, REOs, etc.
About 2005, while he was watching his company's 401K stock decline, and with retirement age quickly approaching, Randy came to the conclusion that some changes were needed. He began to aggressively invest in real estate as a way to meet his retirement goals. With his background as an apartment/ condo builder, he saw investing in apartments as the best way to start. The company began with 8 units in Mesa, Arizona. After researching and watching the market of the Phoenix metro for over a year, the company then added three single-family homes in that area.
Through this experience, we discovered some key advantages of the ownership of single-family residences over apartments. While the apartment investment required a lot of maintenance and hands-on management, with a high turnover rate, we found that SRFs (single-family residences) proved to be much easier to rent to reliable, stable tenants and resulted in less headaches overall. From that point on, we began and have continued to actively search the nation for the best areas to buy single-family residencies.
We look for areas with growing communities, newer neighborhoods, and affordable housing. Additional criteria we seek include great school districts, a healthy economy, a diverse business base (including military, medical, and higher education), an especially good rent ratio, and steady appreciation and cash flow to make long-term investments profitable.