Steve Fletcher @sfletchh

Founder of Broken Arrow Holding | Acquiring sub-institutional apartment buildings in cool urban cores | Former Princeton football player brokenarrowholding.com New Orleans Joined December 2011

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Steve Fletcher @sfletchh

6 months ago

We maintain separate “lists” for each stage of the acquisition process that serve their own purpose. These documents ensure we’re receiving all needed information (and that the information is accurate), highlight issues that may affect our business plan, and create processes to…

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Steve Fletcher @sfletchh

6 months ago

Great to explore the John R. Green mixed-use complex in Covington, KY with my new friend and owner @ErnieBrownII , appreciate you having us and big thank you to @JohnJBlatchford for the introduction.

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Steve Fletcher @sfletchh

7 months ago

Very excited to announce our acquisition of what we have named, The Eighth Street Flats: a 4,300 sq.ft apartment building built in 1860 and well situated in the historic Mainstrasse Village of Covington, Kentucky. We've been quiet over the last couple of months putting the pieces…

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Steve Fletcher @sfletchh

10 months ago

Camelback additions can be very hard to execute in certain markets but also present opportunities to dig out value with the right cost basis. A camelback is a partial second story built on the back of a home, usually a shotgun house, to create more space. They gained popularity…

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Steve Fletcher @sfletchh

10 months ago

Digging into our acquisition process and what metrics we expect for the projects we take on. As some know, our buying criteria is relatively narrow and encompasses the following: 1.) We only buy sub-institutional apartment buildings between 4-15 units. 2.) We seek out…

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Antonia @antonia_mdprjct

10 months ago

Just because someone can raise money, it doesn't mean they know how to execute a plan.

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Steve Fletcher @sfletchh

a year ago

A @JohnJBlatchford inspired post. Have been increasingly deterred by 1 bedroom apartments in our target markets- highest turnover rates, more availability, and rents that don't justify the new construction of such units. 1 beds largely appeal to singles or young couples that are…

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Logan Rankin @loganjrankin

a year ago

Shortcuts always cost more in the long run. In real estate, everyone’s looking for that quick win or easy fix. But the truth is, every shortcut comes with a hidden cost—whether it’s deferred maintenance, bad tenant experiences, or rushed deals that don’t pan out. The…

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Steve Fletcher @sfletchh

a year ago

Thorough due diligence is crucial for the long-term success of a real estate investment. The due diligence phase immediately follows the completion of the purchase agreement and typically lasts 2-12+ weeks depending on the deal. During this period, we tour units, determine…

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Steve Fletcher @sfletchh

a year ago

Someone inquired about what kind of renovations we do and what kind of product we seek to create. Essentially, asking where we sit in the stack of apartment classes- which prompted an explanation of them. Apartment complexes are generally categorized from Class C to luxury and…

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Steve Fletcher @sfletchh

a year ago

Great thread.

Barrett Linburg @DallasAptGP

a year ago

Great thread.

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Steve Fletcher @sfletchh

a year ago

Seeing many many scenarios of 4-plexes selling close to the price range of 5-plexes given the higher availability of 30-year, fixed rate debt (and likely better rates). The 4 to 5 unit hurdle is what largely separates the owner occupant from the professional operator. Sourcing…