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All Forum Posts by: Kim Knaust

Kim Knaust has started 22 posts and replied 57 times.

Post: RV investing advice needed

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1

@Jeremy Lack

This interests me too. I called probably 40 local RV parks a while back near me (Tulsa, OK) to visit owners to see if they wanted to sell. Every one of them were out of state business owners and I couldn’t seem to get past the property manager on the phone. I guess I’d need to go to the court house to see who the actual owners are and try to locate them that way.

We are open to partnering on these if we find one that is open to selling.

If you or anyone else that sees this is interested, let me know.

Post: Best states for multi family investing?

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1

@Dan Cosgrove

I am struggling to find many current posts about private real est syndications. Can you please help direct me in the right place?

Thanks,

Kim

Post: 132-unit apt complex in OkC - needs major renovation

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1

OkC - 132 Unit Apt

Price:$3,599,900

This 132 -unit apartment is located on a highway frontage road in Oklahoma City, OK.  The owner had let the place sit until he started receiving code violations for the extent of deferred maintenance.  Once stabilized, this property is valued well over $10,000,000.  This turn-around deal would be a phenomenal addition to any investor’s profile.

Occupancy got as low as 10 out of 132 units occupied. Now, 50 out of the 132 units have been moderately rehabbed. However, there is still room for about $3,500 in additional updates for those 50 units to bring them up to market rate, which will add $125-$150 additional rent to those units, per month. The other 82 units need a full rehab. There are 22 buildings on a 7 acre complex, each are 2 story garden-style complexes with gable and hip composition shingle roofs. We are selling at $3,600,000 and there is $1,520,000 in needed rehab. After the rehab and the complex is brought to 90% occupancy, at market rent the NOI is $830,000; a 17 CAP.

Furthermore, the city is offering incentives due to the condition the place had gotten in.  Being that this property is on a highway frontage road, the city is wanting it brought back to market.  Attached is our executive summary and projections.  Within the spreadsheet on the 132-plex tab, column AH (current rent) the current rented units as of July, 2018.  There are about 8 more units rented out now to bring the total to 52 rented out of 132.  Again, the remaining units need full rehab and the 52 rehabbed and rented units still have value to add, since the renovations that were done are not up to market.

If interested, email me at okdistressedproperties@gmail. or private message me on Bigger Pockets.  Thanks!

Post: Looking for properties in California (LA, Ventura, OC)

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1

In search of single-family properties in LA, Ventura and OC, California.  If you have any for sale, please private message me or email me at [email protected].

Post: RV or MHP evaluations

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1
Been looking into RV Parks & MHP’s, found an RV Park for sale but they won’t say the price. They say, make an offer. How does one begin to make an offer on something where they won’t show income records or past rental history?

Post: Wholesale contract for Oklahoma

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1
Although I’ve been on here a while I haven’t done many postings. Does anyone know if this is visible to all?

Post: Wholesale contract for Oklahoma

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1
I need some input on the contract any experienced wholesalers are using currently using in Oklahoma? I have one for when I’m the buyer but wondered what’s being used when I am the wholesaler? I prefer no negative comments about whether it’s legal or not because I’ve got several professional people I know that are doing this and doing it successful and believe it’s fine. I have several opportunities coming up but want to do this correctly. Feel free to message me, even a sample! Input much appreciated!! :)

Post: Brand new investor interested in Wholesale

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1
@Brent Coombs Houses sold for $1?

Post: How to find documents in files on phone app

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1
Can someone tell me how to find the files available on the phone app? I know how to on my desktop but can’t seem to figure it out on my phone.

Post: Contracts under files on phone app

Kim KnaustPosted
  • Claremore, OK
  • Posts 60
  • Votes 1
Can someone tell me how to find the files available on the phone app? I know how to on my desktop but can’t seem to figure it out on my phone.