Insights

Your Resource for All Things Real Estate & Investments
3 Benefits of Leverage in Real Estate
The simple definition of leverage is “using debt to increase your returns.” Borrowing money to finance projects enables investors to acquire more assets than they could otherwise afford, and to earn outsized returns proportional to equity invested.
The Birgo Capital 2021 Fantasy Real Estate Draft
All right folks, it’s that time of the year again. The time of year when your spouse reminds you that there actually are productive uses for $100. I’s time for fantasy football! Birgo Capital is going to kick off the season with our own version of the real estate fantasy league draft.
Birgo Celebrates Entry Into Buffalo Market
Birgo, a Fast-Growing Multifamily Investment Company, Celebrates Entry Into Buffalo Market
Investing in Real Estate as a Non-Accredited Investor: REITs, Direct Investing, and Crowdfunding
Young professionals in their 20s or those just beginning to create an investment portfolio are likely unaccredited investors. REITs, direct investing, and crowdfunding are all ways that unaccredited investors can add real estate to their investment portfolio.
SEC Regulations: What Do Reg A and Reg D Mean?
The SEC regulates securities to protect experienced and inexperienced investors and maintain market integrity.
4 Ways Weather Impacts Real Estate 
Real estate is a complex business, especially for residential investors. Virtually everything that could affect the way people live and work is an important consideration — even something as mundane as the weather. For investors in some climates, weather may never be more than a passing consideration. But, tenant satisfaction goes hand-in-hand with strong returns, and even in mild climates, thoughtful touches can be well worth the capital.
Gold Medal Real Estate Investing Tips
The 2020 Olympics are in full swing! The athletes train for years to become the best in their sport, and we'd like to think real estate investors are comparable. Get your head in the game to start investing in real estate.
What is an accredited investor?
What is an accredited investor? How do you become one? What are investment options for accredited and unaccredited investors? The definition of an accredited investor is determined by the Securities and Exchange Commission (SEC) in Rule 501 of Regulation D.
Market Profile: Pittsburgh
Birgo Capital's series of Heartland real estate market profiles have analyzed interesting markets for multifamily investors. This week, we’re bringing this series home to the Steel City, the City of Champions, the City of Bridges — you already know it, the ‘Burgh.
Market Profile: Columbus
We're going to the Buckeye State. We will look at Discovery City, the Arch City, Cap City, the Indie Art Capital, Cowtown, Cbus, and the Biggest Small Town in America — you guessed it, it’s Columbus. OH-IO!
Birgo Battles: CoStar vs. Yardi
CoStar and Yardi provide analytics on real estate markets. These softwares are priceless to real estate investors who love to dig up data about markets and properties. Just like American runs on Dunkin', Birgo Capital runs on CoStar and Yardi.
An Intro to REITs: 12 Terms Every Investor Should Know
Real estate investment trusts (REITs) are companies that own or finance real estate assets, and make ownership shares available to investors. In order to hold the classification as such, REITs are are required by US law to distribute at least 90% of their taxable income as shareholder dividends.
Birgo Battles: CoStar vs. Yardi
CoStar and Yardi provide analytics on real estate markets. These softwares are priceless to real estate investors who love to dig up data about markets and properties. Just like American runs on Dunkin', Birgo Capital runs on CoStar and Yardi.
An Intro to REITs: 12 Terms Every Investor Should Know
Real estate investment trusts (REITs) are companies that own or finance real estate assets, and make ownership shares available to investors. In order to hold the classification as such, REITs are are required by US law to distribute at least 90% of their taxable income as shareholder dividends.
Birgo Battles: Single Family vs. Multifamily
All right folks, it’s that time again. Go ahead and grab some popcorn and a beverage, get some friends together, and sit back for another showdown of epic proportions with this week’s episode of Birgo Battles. Today’s contest features two familiar characters, each of which are beloved by their devoted fan bases. We’re talking about the classic residential real estate investor’s conundrum: single-family vs. multifamily. It’s an age-old debate, and while both of our contestants have merit, in life there are winners and losers. Today we’re going to look them up and down, side by side, and determine who we’re voting off the island… and who we’re going to keep on the squad.
An Intro to TikTok: Why should real estate investors care?
Besties, we're afraid to ask you this...are you on TikTok? Is it all cap? Does it pass the vibe check? This article puts readers through TikTok and Gen Z boot camp. There is more than meets the eye with this platform.
What’s the Fed news, and what does it mean for real estate investors?
Last Wednesday, the news broke that 13 out of 18 members of the Federal Open Market Committee believe that the Fed will increase interest rates at least once, and perhaps twice, in 2023. 
Market Profile: Cleveland
We’re returning to the Buckeye State to visit the City of Champions, the City of Lights, the Rock and Roll Capital of the World, Forest City. The city is known as both “The Cleve” and “The Land,” so if you haven’t guessed it yet — well, allow us to recommend another shot of espresso.
What is DeFi? (and how will it impact real estate investing?)
DeFi is short for “decentralized finance,” an umbrella term referring to a set of efforts and technologies that use crypto and/or blockchain technology to disrupt traditional finance by eliminating institutional obstacles and intermediaries. DeFi could have several implications for real estate investing.
Market Profile: Lexington
We're taking a trip to the home of the Wildcats in this market profile. Lexington, KY is a competitive real estate market largely due to low cost of living and industry stability.
Market Profile: Buffalo
We could write an entire article on their famous chicken wings, but we thought we'd stay true to ourselves. Learn about the opportunities and risks in Buffalo's multifamily real estate market.
Fannie Mae vs. Freddie Mac: Birgo Battles
In real estate, Fannie and Freddie provide liquidity to the marketplace. In this piece, we’ll pit them against each other for a blow-by-blow comparison between the two stalwarts of multifamily capital. Before we delve into what makes them different, let’s start with an overview of what actually unites them.
What Does a Value-Add Real Estate Strategy Actually Mean? A Guide for Beginners
Like every other industry, real estate comes with buzzwords, and few are as popular or ambiguous as value-add. Everyone has their own definition, but what does it actually mean? From Birgo Capital's point of view, "improving returns by removing hurdles and accessing a property’s true value."
Market Profile: Louisville
Gone are the days where Louisville was primarily known for manufacturing. Present day Louisville is filled with museums, art galleries, restaurants, and Fortune 500 companies. Our latest blog article touches on why we think Louisville is worth considering for any real estate investor.
Meet Our Team: Nicole Shirk
Nicole Shirk, Birgo's Head of People, entered the hot seat and let the world learn a little more about herself. Her main advice: "Ask questions and listen well. Much of our core learning in life transfers from one context to the next if we take the time to observe, listen and reflect.‍"
Market Profile: Detroit
How does the Automotive Capital of the World compare to other metros in terms of economic trends, market analysis, and opportunities for real estate investors? We broke down Detroit's upsides and risks in this market profile.
What real estate investors look for in a new market
What should investors look for in a market? What kinds of returns can an investor realistically expect? What is revenue growth going to look like over time? Discover the questions all investors should be asking when determining which market to invest time and capital into.
Market Profile: Morgantown
Take a drive with us just over an hour south of Pittsburgh to a West Virginia college town and home of the Mountaineers. You guessed it: we're analyzing the real estate market potential of Morgantown, West Virginia.
Market Profile: Rochester
Earlier this month, we posted the first of a series of market profiles about emerging metros that we think could be promising for real estate investors interested in doubling down on the value proposition of workforce housing in the Heartland. Next up: The Flower/Flour City.
Meet Our Team: Will Wallander
"Ask a lot of questions." - Will Wallander. Learn more about Birgo Capital's In-House Counsel in this Q&A.
Market Profile: Cincinnati, The Queen City
Our Heartland metro profiles analyze markets that we think could be attractive to investors. First up, we’ll be focusing on the Queen City, The City of Seven Hills, The ‘Nati… you guessed it, Cincinnati. 
A Mini Birgo Memoir: Recalling March of 2020
365 days. 52 weeks. One year. We're looking back after one year of shutdowns due to the COVID-19 pandemic and what it meant for us as real estate investors.
What does stimulus mean for multifamily?
Even in normal times, American investors get a little nervous every four years. Uncertainties about election outcomes become uncertainties about the investment landscape — and that reality is more pressing this year because of the crisis economy we’ve been living in (or trying to stay socially distant from) for the past eleven months.
Cryptocurrency: What Real Estate Investors Think About Bitcoin
Cryptocurrency isn't the first, and won't be the last, innovation by which the tech sphere impinges on the financial sphere. We're reluctant to aim our crystal ball solely at technological innovation, but the collapse of Bitcoin would likely generate some kind of influence vacuum waiting to be filled by the next emerging technology.
Will Interest Rates Go Up in 2021?
Interest rates may or may not rise this year. How’s that for precise?! Our conviction is that real estate investors can generate strong returns in both low- and high-rate environments, but there are real strategic differences between those environments, and there’s no substitute for preparedness.
“Gamestonk!!”
Securities traders make moves that are tethered to the operations and valuation of the companies whose stock they buy and sell. Usually, that works pretty well. Until this happened. A digital flash mob originating on Reddit — a popular internet message board — stormed the hedge fund citadel on Tuesday, January 26, 2021, aggressively buying and promoting a series of stocks that the hedge funds held short positions on.
Meet our Team: Peter Holt
What items would you take with you on a deserted island? Peter Holt would bring a baseball mitt, a rice cooker, and a glue gun. Learn more about Birgo Capital's Investment Analyst in this Q&A.
Private Equity Real Estate Investing: Large Firms VS. Boutiques
Food for thought: If you show up at the grocery store and need 200 tomatoes, some of them won’t be very fresh. If you only need 2 tomatoes, you can likely find 2 especially fresh specimens. Let's take a dive into how this relates to private equity real estate investing.
What is Ethical Investing?
Ethical investing is a strategy where the investor's ethical values are the primary objective, along with good returns.
Meet Our Team: Dan Croce
Our typical content focuses on real estate and investing education and resources. We thought you'd want a glimpse into the lives of our team and get to know their role with Birgo Capital a little bit better.
3 Reasons to Invest in Real Estate in the Heartland
As we look to expand our portfolio, geographic expansion is inevitable. Our latest blog touches on why we think real estate in the Heartland fits directly in with our investment strategy.
How Far Up, How Far to the Right, and When? A Real Estate Return Metric Glossary
There are a multitude of metrics by which to measure this very tendency. You’ve probably sampled the alphabet soup before: IRR, GRM, MOIC, and more — a host of variations on the theme that have spawned a litany of sometimes-confusing terms.
An Introduction to Real Estate Asset Classes
The different real estate asset classes offer different capabilities and possibilities within the investment landscape.
A Guide to Real Estate Private Equity Fees
Birgo Capital deeply believes investors should be adequately informed regarding all elements of their investment holdings and the costs associated with them. As such, private equity fees are a key factor when determining which fund and fund manager to invest.
The Internal Rate of Return: Explained
In this next installment of our private equity real estate terminology series, we’re going to take a look at one of the most important – and potentially confusing – investment metrics: the internal rate of return. 
Five Ways to Generate Passive Income from Real Estate
Making money in your sleep. Mailbox money. Both of these terms are often used to describe "passive income." Read how to generate passive income through real estate.
Meet Our Team: Josh Fischer
Our typical content focuses on real estate and investing education and resources. We thought you'd want a glimpse into the lives of our principals and get to know their role with Birgo Capital a little bit better.
Craigdell Gardens: A “Value-Add-Venture” with Birgo Capital
When Birgo Capital first considered the acquisition of Craigdell Gardens in the fall of 2019, it jumped out to our principals as the type of asset that is right down the fairway for us. Read our latest case study as we bring you through the latest addition to our portfolio.
Private Equity Real Estate: What to Look for in a Fund Manager
What factors should an investor consider when evaluating a private equity real estate fund manager? Let’s take a look at four key determinants of fund sponsor performance.
Mission-Driven Private Equity Real Estate: Improving Lives Through Real Estate
Here at Birgo Capital, our mission fuels our yearly, monthly, weekly, and daily drive. We strive to "Improve Lives Through Real Estate," by stewarding capital through private equity real estate investing. This blog takes a dive into explaining the "why" behind our company.
When Is It Time to Buy? A Birgo Capital Perspective Update
In early March 2020 as stay-at-home orders spread across the country, owners of workforce housing assets held their breath as they waited to see whether tenants who couldn’t work from home would pay rent. Investors across the country – Birgo Capital included – shifted from a posture of aggressive acquisitions to one of hoarding cash and halting new deals. While we are a far cry from back to normal, some patterns have emerged that inform our perspective about continuing to acquire stabilized but underutilized multifamily housing in the Heartland.
Collecting Rent During COVID-19: An Update from a Private Equity Real Estate Investment Perspective 
As another quarter comes to an end (and after about six months into the novel coronavirus pandemic), Birgo Capital principal Dan Croce takes a look at the firm's rent collection. Read Dan's analysis and insights in Birgo Capital's latest article and learn how multifamily real estate properties have been impacted.
An Overview: Types of Commercial Real Estate Properties
Investing in “commercial real estate” often seems like a logical next step for serious investors who want to gain best-in-class exposure to the real estate asset class. However, it’s easy to become overwhelmed after realizing that commercial real estate encompasses a significant variety of property types. Birgo Capital is here to help introduce investors to commercial real estate property types. Let's take a brief look into each commercial real estate asset type.
Exploring Cash-on-Cash Returns
Real estate investing may seem daunting, especially with a plethora of terminology and phrases. Birgo Capital's Josh Fischer breaks down one of these terms – the cash-on-cash return.
Private Equity Real Estate Fund Structures: A Primer
Tiptoeing into the world of real estate private equity fund investing can be intimidating because the structure and terms can seem difficult to digest. Let's explore the structure and unique features that exist within private equity real estate funds. 
How Changes in Interest Rates Impact Real Estate Investments
Real estate investors know that interest rates are one of the most important economic factors to consider when monitoring the investment landscape. But interest rates are also a complicated topic! Today, Birgo Capital is sharing some considerations for how changes in interest rates impact real estate investments.
Cap Rates Debunked: What's in a Cap Rate?
At Birgo Capital, we know that an understanding of cap rates is essential. For new investors in real estate, picking the right property to start an investment portfolio can be a daunting task. After all, purchasing an investment property is no small feat. Any time you’re putting your money on the line, it’s important to make an informed decision.
Vertical Integration: The Key to Successful Workforce Housing Investments
Why does Birgo Capital dive right into workforce housing real estate while others shy away from it? And what’s our secret that’s led us to a 99.5% collection rate of our budgeted top line through a pandemic?
Core, Core-Plus, Value-Add, and Opportunistic Real Estate Investing
Birgo Capital discusses the four main types of real estate investment strategies: Core, Core-Plus, Value-Add, and Opportunistic. Which strategy supports your real estate investment goals?
Workforce Housing Apartments: Backed by the Full Faith and Credit of the U.S. Government
Why workforce housing apartments is an almost-magical place to allocate capital for vigilant investors like Birgo Capital.
Are Multifamily Apartments Actually Worth More Because of the Pandemic?
While a heightened sense of risk was clearly present for multifamily real estate investors in late March, the fast-moving dynamics of coronavirus response have contributed to a quick shift towards a different sentiment. Birgo Capital's principal Dan Croce is sharing a few observations as to why demand for multifamily properties -- and not cap rates -- might actually increase in the near term.
Why Birgo Capital’s Real Estate Funds are Well-positioned to Navigate COVID-19
Here's what Birgo Capital is doing (and has done) to maximize the performance of our real estate private equity funds in light of the coronavirus recession.
How Will COVID Impact Pittsburgh Multifamily Real Estate?
Will the relative resilience that Pittsburgh enjoyed during the last recession translate to similarly impressive performance through this one? Let’s examine several regional economic factors to determine how Pittsburgh multifamily real estate is likely to perform during the current crisis and in the years to come. Josh Fischer, Vice President of Acquisitions at Birgo Capital, shares his insights.
Collecting Rent During COVID: Birgo Capital's June Update
Birgo Capital's rent collection took a hit in late March, but April and May were solid. How is June shaping up? Dan Croce, Principal at Birgo Capital, shares a deep-dive look into the data.
Impact of COVID-19 on Real Estate Operating Expenses
Through COVID-19 and associated economic shutdowns, real estate investors have largely been focused on how these events will impact revenue. However, multifamily investors must also be thoughtful about other components of the cash flow equation - particularly the impact this recession will have on expenses. In this post, Birgo Capital will highlight a few key areas of consideration for the impact of the coronavirus recession on operating expenses.
Four Strategies to a Stabilized Real Estate Portfolio
In a new economic landscape, these tips from Birgo Capital can help you find stability in real estate.
When is it Time to Buy?
As the corona-dust begins to settle, many investors are wondering how to know when it is the right time to begin acquiring real estate again. Here is how we are thinking about acquisitions during a pandemic at Birgo Capital.
Is Now the Time to Invest in Real Estate?
In this three-part series, we’ll share our point of view on the risks and rewards of real estate investing in light of current circumstances, recommendations on the safest real estate investments during economic volatility, as well as how Birgo Capital is actively navigating this season.
Collecting Rent During COVID-19: Birgo Capital's May Rental Income
When the coronavirus public health crisis seized America by storm in mid-March, investors in residential rental properties struck a tone of concern regarding whether or not tenants would be able to pay rent in the coming months. Birgo Capital shares a deep dive into the data today.
Is Workforce Housing Still a Safe Investment?
Prior to the COVID-19 pandemic, this niche within the multifamily sector was increasingly viewed as an undervalued safe haven for real estate investors that produces steady cash flow regardless of economic cycles, with the added social and economic benefits of supporting a basic need for working-class citizens.
Will Workforce Housing Real Estate Be Impacted by COVID-19?
For a little more than one month now, COVID-19 has had the multifamily real estate industry on its heels as we seek to determine what the pandemic’s impact will be on property owners’ ability to collect rents.
A Candid Look At COVID-19's Impact on Real Estate
Four key questions Birgo Capital is asking as we navigate the current climate
What is a Private Equity Real Estate Fund?
What is a private equity real estate fund? A private equity real estate fund allows investors to combine their capital together to invest across a diversified portfolio of professionally selected and managed real estate properties. Today Birgo Capital is sharing why America's wealthiest are choosing private real estate funds to earn passive income in real estate.
How Data Analytics can Drive Real Estate Investing
Today, everywhere in real estate, companies are throwing around terms such as “Big Data” and “analytically-driven decisions” when it comes to developing new business strategies that guide decision-makers in making sound insights.
Four Ways to Start Investing in Real Estate
“The wise young man or wage earner of today invests his money in real estate.” – Andrew Carnegie, billionaire industrialist
Pittsburgh Real Estate: Opportunity In Private Equity (White Paper Download)
Real estate private equity is increasing in popularity as an alternative asset class. Pittsburgh is rapidly becoming one of the world’s best locations for long-term real estate investment. Provided is an overview of both — the Pittsburgh Real estate market and the opportunities that abound specifically in private equity. Attached is our white paper Investing in Pittsburgh Real Estate: Private Equity