4 Reasons to Purchase Mom-and-Pop Portfolios
1. High barriers to entry.
Omni says he loves focusing on buying portfolios because it’s hard. He and his wife typically have to make their purchases with cash since they usually only keep around 70% of the properties in the portfolio — those that fit their strategy — and sell the rest. If they took out a loan, it would make it more difficult for them to exit or reposition particular properties. “Because of that, it’s complex, and I try to chase whatever is complex because I don’t like a lot of competition,” Omni says.
Listen to the full podcast here: JF2850: 4 Reasons to Purchase Mom-and-Pop Portfolios ft. Omni Casey
