Our Story

B1 Holdings started when 3 individuals decided to attend Northern Illinois University and lived on the 1st floor of the business wing in the Lincoln dormitory. The Delta Sigma Pi business fraternity brought us together freshman year and we have been friends ever since. Many times, we would dream of starting our own business, but we couldn’t quite decide what it would be. After a few years of establishing our careers in the corporate environment we turned our attention to real estate and started laying the groundwork for the company we are today. B1 Properties LLC was established in 2017 when we acquired our first duplex in the Old Irving Park neighborhood of Chicago IL. In 2019, we acquired our second duplex located in Grand Rapids, Michigan. In 2020 the Chicago property was sold, and its proceeds used to establish B1 Holdings which focuses on Commercial Apartment Syndications.

MANAGING PARTNERS

 

Michael Testolin

Michael Testolin has worked full time as a product manager in the hardware/building products industry for over 7 years. His experience working in a small business, getting a minor in entrepreneurship at NIU, and managing a True Value Hardware store allowed him to explore his entrepreneurial spirit. This confirmed his childhood dreams of owning his own business were still very much real. B1 Holdings has allowed him to begin that journey and he aims to make real estate investing his sole career. When he is not working he enjoys sports, board games and spending as much time as possible with friends & family.

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Kevin Worazek

Kevin is an Account Executive with over seven years of experience in the garage door industry. Kevin sells both hardware and software that helps his customers reduce operational costs while simultaneously increasing safety. When he is not working or managing real estate projects, he can be found golfing, cooking and trying new restaurants around Chicago. His first big real estate goal was to acquire 30 units by 30 years old.

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Tom Kneifel

Tom has a background in marketing and sales and is used to working with small businesses in markets all across the country. Additionally, as a part time helicopter pilot for the National Guard, he knows what it takes to plan complex operations from inception through to completion. Tom loves to network, read, and continue to learn new things. One major goal is to leverage his real estate experience to one day help alleviate homelessness in Chicago.

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“Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of the Confidential Private Offering Memorandum relating to the particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments.”