All Forum Posts by: Kenneth Hester

I'm in Waxhaw near Mineral Springs. About 100 podcasts to choose from!

There are actually 5 vacant units so the vacancy is really 10.5% about the same as the proforma.  The current owners actual expense ratio is 40% so the actual cap rate using the actual rents, actual vacancy, and actual expenses is 13.66%.  I always use no less than 45% for the expenses. If you want to self manage the property you can make even more money.  Send me an email and sign a non-disclosure and I'll send you ALL the info and you can decide for yourself.

I think I have responded to everyone who requested info.  If you wanted info and didn't get it let me know.

The quoted proforma cap rate is based on 45% expenses and 90% occupancy.

There are just 2 subsidized rent tenants.  If anyone is interested just send me an email and I will send you more info.  If you sign an nondisclosure I will send you all the information I have on the property.  I have had great response so far but I'm still looking for a committed buyer.  There is a lot of equity in this and potential to grow for a buyer who wants to manage it properly and increase the value.

Get Instant Equity in a 48 Unit Apartment Complex in Mobile, AL!

Perfect Move-up or 1031 exchange Property

• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?

This property has a 12.5 Cap Rate!

PRICED TO MOVE QUICKLY: $1,029,000

Built-in Equity at close: $570,000

This multifamily property offers multiple money-generating strategies:

• Priced to MOVE
• Huge Equity at close
• $151,200 estimated annual NOI
• Upside rent potential
• This property just needs good management
• Has Assumable HUD loan for 550k (no 2nd Mortgage allowed by HUD)

For QUICK DELIVERY of the Property Package, text or leave a voice mail with your name & email address (please spell your email) to 704-776-1059 and a packet will be emailed to you.

Yhe owner or broker may not know how to really produce a proforma. I am often surprised atvhow little brokers know. Ask for rent rolls and 1 year P&L statements. Then take whatever you can get and try to figure out what the real NOI is.

Get Instant Equity in a 48 Unit Apartment Complex in Mobile, AL!

Perfect Move-up or 1031 exchange Property

• ? Are you looking for real passive income?
• ? Are you looking to multiply your returns in real estate?
• ? Tired of competing over single family units?

This property has a 12.5 Cap Rate!

PRICED TO MOVE QUICKLY: $1,029,000

Built-in Equity at close: $570,000

This multifamily property offers multiple money-generating strategies:

• ? Priced to MOVE
• ? Huge Equity at close
• ? $151,200 estimated annual NOI
• ? Upside rent potential
• ? This property just needs good management

For QUICK DELIVERY of the Property Package, text or leave a voice mail with your name & email address (please spell your email) to 704-776-1059 and a packet will be emailed to you.

I have an excellent 48 unit apartment complex in Mobile, AL at a 12.1% cap rate with lots of upside potential.  Are you interested in Mobile, AL?

Thanks everyone for the tips!  If you have a specific wish list feel free to contact me directly. 

Thanks for the specifics. As far as rent goes, do you have a cash flow target you look for or a formula that you could share? Also there are a lot of differences in the types of neighborhoods in the area. Do school zones or demographics come into play in your decisions?