JF2653: What Their 12 Unit Purchase Taught Them about COVID Asset Management with Jeromie and Anne Marie Sheldon

<p><span style="font-weight: 400;">In March of 2020, Jeromie and Anne Marie Sheldon closed on a 12 unit deal right as COVID-19 was taking the world by storm. The pandemic caused additional problems on top of the regular challenges that come with any property--rowdy tenants, delays, labor shortages--and yet one and a half years later, the Sheldons’ property is thriving. In this episode, the Sheldons discuss their business model and how they navigated being “COVID Closers.”</span></p> <p><span style="font-weight: 400;">Jeromie and Anne Marie Sheldon Real Estate Background</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Jeromie recently retired as an Air Force Pilot after 24 years of service and is now flying 747 overseas for UPS out of Anchorage, Alaska.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Anne Marie is a Licensed Physical Therapist.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">They are both CREI, LPs in syndications, Active apartment owners.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Both actively and passively involved in CREI.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Portfolio: Started out with a SFR 2015 full cycle. Currently, Passive LP deals = 2000 + doors, Independent GPs on a 12 unit & 5 unit locally in WNY. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Also own a townhouse- LTR (12 beds for pilots called “crashpads”) in Anchorage, AK.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Based in Grand Island, NY (close to Niagara Falls & Buffalo, NY)</span></li> </ul> <p><span style="font-weight: 400;"><br /> <strong>Click here to know more about our sponsors:</strong> <a href= "https://nam10.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.themichaelblank.com%2Fjoe&data=04%7C01%7CLa