Investing in Arizona vs California

 
Bridgetown Partners is a buyer of multifamily apartment properties. We buy the properties and we make improvements, thereby giving people a great place to live. Further, we invite investors to benefit from our work. Investors receive preservation of capital, tax advantages, and a solid return on investment.

Early in our history, we considered investing in California. We quickly shifted our focus to Arizona instead. Why?

Deal With Cancer Proactively and Aggressively

Few things are scarier than cancer. When one adds the element of uncertainty, as in “that tumor might be cancerous, we’re not 100% sure”, the emotion of fear is amplified. Let me explain.

The Power of Partnership

 
I moved Bridgetown Partners to the State of Arizona in October of 2020. During the pandemic, before the vaccines. Four months later, we closed our first investment in the State: 93 units in Tucson.

We did this with partners. We’ve formed wonderful relationships with mentors and partners in the states where we operate. Collaborating with partners is a powerful way to achieve any goal.

Keeping Our Heads

If you can keep your head when all about you are losing theirs and blaming it on you…
 
~From the poem “If” by Rudyard Kipling

Hot Tempers

I’m at O’Hare Airport, headed home to Arizona after getting caught by this season’s travel chaos. I like to fly Southwest Airlines. Two days ago, the airline cancelled over 75% of its flights due to inclement weather and a glitch in their scheduling system. The lines were long and some tempers got hot.

Artificial Intelligence and Commercial Real Estate

Introducting ChatGPT

Artificial Intelligence wrote this blog post. Everything except this brief introduction.

An AI tool called ChatGPT (Generative Pre-trained Transformer) composed the post in response to this request from me:

Write a blog post on multifamily investments and bonus depreciation.