Elmer Davis, Jr. Engineers Profitability Via Real Estate Investment Opportunities in His Hometown of Pittsburgh

The Burgeoning Market in "The Steel City" Inspires the Marketing/Finance Veteran to Expand TBK Ventures, Which Is Dedicated to "Engineering Profitability Globally Through Neighborhood Reinvestment"

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Elmer Davis, Jr.

Jan 16, 2015, 08:30 ET

PITTSBURGH, Jan. 16, 2015 /PRNewswire/ -- Savvy marketing and finance veterans looking to expand investment opportunities for themselves and their clients generally have to do extensive global research to find them. In the case of multi-talented entrepreneur Elmer Davis, Jr., the potential gold mine was right in his backyard in his beloved hometown of Pittsburgh, which is currently enjoying a remarkable real estate boom.

As the founder and owner of TBK Ventures, a proprietorship dedicated to its stated mission of "Engineering Profitability Globally Through Neighborhood Reinvestment," Davis has worked with hundreds of clients, solving a wide range business issues, making assessments of financial positions and helping underwrite business banking solutions for small to medium businesses. Over the past few years, he has helped them save money and control business costs with updated credit card processing and merchant services.

In 2012, Davis heard Warren Buffett make a powerful announcement. The renowned business magnate announced that if he could, he would invest in 200,000 homes because houses are a better investment than stocks at today's return rates.

Davis' business had diversified with various offices on the East Coast (Boston, Florida, etc.), but he was delighted to discover that the Pittsburgh region - where he still owns the home he grew up in and maintains strong community ties - was, as local CBS affiliate KDKA reported, one of the hottest real estate markets in the country. This provided an optimal opening for Davis to take his already growing TBK Ventures to the next level inviting clients to invest with him with the opportunity to maximize their profits in this growing market.

Davis' venture is a natural outgrowth of his savvy for investing in properties that began at 17 when he was an entering undergrad at Florida State University. He told his dad he was going to take some of his scholarship funds and buy a Corvette, but was wisely advised to invest in property instead. He brings a wealth of experience to the table, having launched his career in marketing with Bristol-Myers and later working with Mobil Oil Corporation in U.S. Resale Marketing within the Administration and Budget Center in Fairfax, VA.

Davis further developed his financial expertise working in Budget and Reimbursement at Howard University Hospital while obtaining his MBA. He was later a partner in the firm Anderson, Philips, Davis, and Hoffmann operating in Washington DC, NYC and Los Angeles, CA. While serving as Executive Vice-President and Chief Diversity Officer for Financial Dimensions, Inc., he was honored as the Nation's Diversity Champion by the Mortgage Bankers Association for his Regional Diversity Initiative monetizing the impact inclusiveness and emerging markets. He later was Senior VP with AllDocs, Inc. outsourcing financial functions for banking clients.

In a colorfully illustrated 60-page handout that he gives to current and prospective clients, he lays out the process of how he can work with them on "Buying and Selling Houses for Maximum Profit." He lists three major reasons to be in this business: large chunks of cash, cash flow streams and the fact that it is the most profitable investment around. He boils down The Basic Transactions to: buy low, sell high; buy low, sell low; owner financing; and lease options. A Wholesale Transaction involves selling to another investor, or selling to a landlord.

Another important point is the fact that there is no interest, no realtor and if the investment is less than $50,000, you can "do the sheet" yourself. His handout suggests several ways to find strong leads: auctions, ads, mailings, signs and estate attorneys.

"We teach clients about private placements, tax lien certificates and tax feels, and how we can underwrite their mortgages so that they're in first position in the transaction," he says. "If you're my client and want me to help you build a portfolio of rental properties in Pittsburgh, you provide me with the money and my TBK Ventures buys them and owns them. You get return on your capital, making money without officially owning them yourself. With interest rates on mortgages low and properties selling inexpensively, there is no better time for investors to grow their portfolio in real estate."