He has been involved in Commercial Real Estate both as an Agent and as a Principal. He has specialized in Joint Ventures, Equity Capital Formation, and the buying and selling of apartments, office buildings and shopping centers. Recently, the focus is Rehabs, Fix-n-Flips, and building projects.
For 18 years, Mr. Newman was a partner in Jones and Newman, a venture that bought and managed over 5,000 units of apartment buildings and shopping centers, as well as operated major office buildings in the western and southern regions of the United States (Georgia, Texas, and California). One of their crowning achievements was the combined purchase of over 1,000 acres of land in Palm Springs, California from 1983-1986, which they sold at large profits to several major development companies. They retained 300 acres of that land, and in a joint venture partnership with Vista Development Company, developed 186 homes within a master planned community. The venture successfully sold and repaid over $18 million in construction loans over a 3 year period.
Also, Mr. Newman founded Principals Capital Funding, Inc., a real estate investment company funded by a group of strong private investors. The company engages in the limited brokering of apartment buildings, retail centers, and private lending. First Capital Realty Services is a licensed California real estate broker. DRE# 01102866
Mr. Newman was awarded the Businessman of the Year by the National Chapter of the Republican Party for the State of California in 2006. He is very astute on the economy, has a conservative business approach, and attends many seminars and lectures on the current economy.
Although 2007-2010 was a tough Recessionary Cycle, we currently have a very Bullish real estate market in most major cities in the United States. He believes there are opportunities to buy rental income properties and houses at opportune prices. Newman believes these purchases must be made with a “cash flow approach” not “leveraged” at this time.
When Mr. Newman felt it was the wrong time to buy commercial properties in 2009, he started purchasing Foreclosed Homes in South Los Angeles with his in-house Licensed Contractor. He successfully continues these ventures.
Mr. Newman feels it is time to concentrate on buying apartment projects that need remodeling. He has a track record of being very successful in rehabilitating apartments in the states of Texas, California, Georgia, Louisiana and Florida. Currently, he has purchased one small complex in North Carolina, which is proving to be a fruitful investment.
Mr. Newman and Best Capital, LLC have been purchasing single family homes in the Los Angeles area since 2010.
Currently, our main focus has been purchasing Fix and Flips (rehabs) and land building projects. Robert recognized that Los Angeles has a large need for family housing of 1 to 4 units. Focusing on smaller projects of $1.5M or less, allowing Best Capital, LLC and Robert to keep an ongoing pipeline and have a variety of investors.
We are proud to have solid long term relationships with our investors. We enjoy calling, emailing, and talking to our investors on a regular basis. Best Capital, LLC have never missed a monthly installment payment to its investors since our inception of the Lender Investment Program.
Our investors have become a close knit group, like family, they can contact us at anytime to discuss current projects or learn about upcoming projects.
To speak to Mr. Newman and learn details of our business models reach out to us anytime!
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