Apartments
Partners
- Brothers David, Jeff Hruska
Years:
- 1998 – Present
Locations:
- Victoria, TX
- San Antonio, TX
Factoids:
- Own & Rehabbed Multi-Family
- Specialized in class C Upgrades
I’m very fortunate to have an entrepreneurial family. It has opened many doors for investments. One of the most profitable over the years has been the world of apartment complexes. Frankly, today I wish I had done much less stock market and more multi-family real estate. I would certainly have many more eggs in my basket.
My brother David is a bit of a real estate mogul. Grandpa Glenn always said David had the highest IQ in the family. You would never have known it when he was a small child, walking aimlessly around Flossmoor taking things out of the neighbor’s garages. But the truth is, David has a very analytical finance mind, and I have benefited from that greatly.
After college he went to work for Lloyds Bank in Chicago, and later branched out to start his own investment company called Mid Continental Capital. While helping others find financing for some apartment investments, David was offered a slice of equity in a property in exchange for his investment services. This was the beginning of his career in the Multi-Family real estate world.
David relocated from Chicago to San Antonio in the late 1990’s because you could buy more property for your dollar down there. After Applied Systems I was smart enough to begin investing with him. Over the years we have bought five different properties. Each has been a different kind of battle, but thus far we’ve won most of them.
Only one complex left in Victoria Texas. We’ve endured hurricane Harvey total wipeout, plus COVID, plus now the insane rate increases on insurance. Quite the journey.