Property and investment

Ridgeway Holdings

Buys, renovates and rents homes. 11 properties.

$538,200

annual revenue

decisions

directors

years

team

Borrow more to grow, or consolidate what they already have.
The debate they have open today.

What it is like

Revenue6: $538,200 a year in rent, against $2,940,000 in property.
Maturity8: Six years in, with three full cycles bought, let and sold.
Complexity7: Financing, building work, tenants and tax, all at the same time.
Pace4: Slow on purpose. Every purchase goes to committee.
Risk6: Interest rates, and whatever the rental rules do next.
Upside7: It grows if it can borrow, not if it can sell.

Boardroom · Investment committee · Operations

These are only 3 of the 44 documented decisions of Ridgeway Holdings.

Selling a property ahead of schedule
They exited earlier than the plan called for. It turned out to be the best move in the portfolio.
Starting with two bedroom apartments in a single neighborhood
They ruled out spreading purchases across the city. In one neighborhood you know the real price per square meter, you can view in a single afternoon, and the same builder does every job.
Buying the first one with 80% financing
They could have gone in with less debt, but they chose to pay more interest and keep the cash for the renovation. The renovation is what raises the rent; the mortgage only gets paid.

44 documented decisions

3 visible41 inside the .ziri

With their reasons, their dates, the rooms where they were decided and the links to every person who took part.