All Forum Posts by: Keenan Smith

I have a ten lot mobile home park in Rome, GA that I need financing for. The purchase price is 140K, the NOI is 18K per year. Any suggestions would be welcome. Thanks!

The cap rate is to low to consider purchasing. I would look for between 10-12 percent cap rate. 280K for the homes? That's more than 10K for each home. They must be in pretty good condition. I wouldn't price a park for its potential performance, but it's actual. He may be able to get 1.25 for the park, but not if you have to borrow the money, you can't afford to be in a negative cash flow. Most lenders have a DSCR of at least 1.05 just to make sure you don't default.

Cash Price 290K OBO

ARV 485K

Rehab 60K

2494 Nancy Ln NE

Atlanta, GA 30345

• Single Family on Land
• 4 Bedroom 3 1/2 Bathroom
• Built in 1966
• 2884 Square Feet
• 2 Car Garage 400 square foot
• 1.4 Acre lot
• https://drive.google.com/open?id=14y4RdhH0ncLRIVVn...

Contact Us

Jeremy Tonjes         Keenan Smith

(678)328-0589          (678)787-1912

Cash Price 305,000 OBO

ARV 485k

Rehab 60K

2494 Nancy Ln NE

Atlanta, GA 30345

• Single Family on Land
• 4 Bedroom 3 1/2 Bathroom
• Built in 1966
• 2884 Square Feet
• 2 Car Garage 400 square foot
• 1.4 Acre lot
• https://drive.google.com/open?id=14y4RdhH0ncLRIVVn...

Contact Us

Jeremy Tonjes            Keenan Smith

(678)328-0589            (678)787-1912

ARV is 498K, rehab is 75K, holding costs and commissions 48K, leaving 50K

• https://drive.google.com/open?id=14y4RdhH0ncLRIVVnbG20dB7HiEtbL3rz

Cash Price 450K OBO

ARV 675K

Rehab Remaining 120K

1544 Huntingdon Trail

Sandy Springs, GA 30350

• Demo started, permits have been applied for, you just need to finish the rehab and collect your profit
• Single Family on Land
• 5 Bedroom 3 1/2 Bathroom
• Built in 1966
• 3358 Square Feet
• 2 Car Garage
• 1 Acre lot
• Pictures https://drive.google.com/open?id=0B_JjcQm1qCqfcXg4alg3Y05LbGM

Contact Us

Jeremy Tonjes Keenan Smith

(678)328-0589 (678)787-1912

• Single Family on land
• 3 Bedroom 2 Bathroom
• Built in 1978
• 1.17 Acre Parcel
• Recently Vacant
• 1331 Square Feet
• 2 Car Garage
• Additional Bed and Bath in Garage/Basement
• Market Rent $1500
• Paint and Carpet will Make Rent Ready
• Pics https://drive.google.com/open?id=0B6gN8ZTbCPfhWjFONDZFVWNlV1U

Contact Us

Keenan Smith

(678)787-1912

Jeremy Tonjes

(678)328-0589

I need some guidance for an off market property that a seller wants to sell.  It is a 20000 square foot property in the Mableton area.  It has a large room and several offices.  I am looking for a partner that will help guide me through this.  Any comments and help is appreciated.  Thanks!

I would be willing to contribute to the deal.  What did you have in mind?

Please contact me for more information. This is a fantastic opportunity to make a 20k profit or more if you are able to shave the rehab. We have this property under contract and we are looking for an equity partner to help finance the flip or in lieu of that a purchaser for the assignment. The ARV is 125k and the rehab budget is 25K. I have more pictures and a scope of work. Please let me know if you have any more questions. Thanks!