A LITTLE ABOUT US…
Sky Ventures is comprised of Sky Realty, Sky Management and Sky Investments and were all founded by CEO, Jill Sussman.
Jill has been in real estate for almost 20 years. From the front desk of a storage facility to running a multimillion-dollar real-estate empire, she knows real estate like the back of her hand. She has been involved in over $105,021,000 in real estate transactions and currently manages more than $1,000,000 in private equity.
Our core business strategy
The core business strategy for Sky Investments is to identify off-market, undervalued, value-add, Class B apartment buildings to invest in and owner/operate. In other words, we like properties with “the right things wrong with them.”
Purchasing, improving, and operating these secured physical assets, we can underwrite conservatively to provide a high yield rate of return to all our partners/investors. We have the ability to secure loans based on our experience and proven track record. This creates stable, strong secured returns for passive investors.
Having been investing since 2005, we have operated through multiple market cycles. We are real-estate investors and operators using technology to provide unwavering due diligence and investment opportunities. Investors can benefit from our “boots on the ground” market research, information, and investing techniques.
Sky Investments provides investing opportunities and a wide array of options, with these potential benefits:
- Asset Diversification
- Asset Diversification
- Ordinary Income
- Depreciation Tax Benefits
- Equity and Partnership Opportunities
- Debt Investments: Notes and Mortgages
- Diversified Fund Investments
- And so many more!!!
“Having been investing since 2005, we have operated through multiple market cycles.”
Recent Case Study…
121 Dorman St Property purchased for: $30,000
Closing costs: $8,555.50
Sold for: $167,900
Net Profit: $69,344.50
A private investor on this deal would have earned $9,000 or a 10% preferred return. For more info or to learns schedule a time on my calendar and let’s catch up!
Delaware Market Forecast…
With all my agents and myself on the front line of the DE real estate scene, it has been really interesting to watch this COVID induced market.
COVID has had a big impact on real estate by really driving people out of neighboring states… even more than normal. We always have an influx of retirees wanting to move here for lower cost of living and lower property taxes, etc. But this COVID situation has EVERYONE wanting to move to DE.
People who don’t have to go to work in the office anymore and people who didn’t approve of the way their governments handled COVID. It’s been really hard to keep inventory at any decent level. And buyers are having a tough time getting houses.
The question becomes, how long will this last???
For DE, I don’t see a slow down for quite some time. With all the pent-up demand there will be buyers for months and months and months until we have houses.
The only thing that would really stop this is if interest rates all of a sudden went to 8%+. This would drive buying power way down for buyers, and with the values being where they are at this point. People would be stuck.
Even when foreclosures get back on the market and more inventory is added, we have such a back log of people looking for houses, DE will be in a solid market for quite some time.
My prediction is for the next 12 months there will continue to be little or no inventory and for roughly 12 months even after the foreclosure moratorium is lifted it will remain this way.
So, if you are looking to sell, now is the time to sell because you will get top dollar and very likely get over asking on your home!
The next question I’m asked all the time is, “Will values go down?” The answer is… no. The reason is supply and demand. DE is big time in demand right now. All over the state there is a real housing shortage. With demand being so high and projected demand being assumed to stay high, values will not be coming down much, if at all.
To all my SMART clients who bought a house already… nice work! If you are looking to buy, give us a call, it’s hard but not impossible!
If you have a house you’d like to have evaluated, this is a really great time to sell. Just reach out and we can talk about it!