All Forum Posts by: Nate Morris

Investment Info:

Single-family residence buy & hold investment in Kailua Kona.

This single family residence is a tri-level 3000+ sq.ft home. The bottom two levels are Ohana units rented full-time to local residents and the top level is a fully remodeled 5 bedroom 2 bath AirBnB. Each level has 180 degree ocean views. The property is located less than 5 minutes to world class beaches, Kona coffee farms, and bustling downtown Kona.

Investment Info:

Large multi-family (5+ units) commercial investment investment in Kansas City.

Purchase price: $545,000

Opportunity Zone, 18 unit Multi-Family with 12 2beds and 6 1bed. Currently renovating to include in-unit laundry, stone counters, stainless appliances and full kitchen bath remodel. Exterior work includes siding, paint, balconies, landscaping, parking lot and courtyard improvements.

What made you interested in investing in this type of deal?

The improving communities east of Rivermarket as well as the continued investments in Kansas City Med & Biosciences Grad school make Pendleton Heights a great up and coming neighborhood.

How did you find this deal and how did you negotiate it?

I found this deal off-market through my contacts at the Chamber of Commerce and my construction partners.

How did you finance this deal?

We financed this project through Brian Roby at ANB Bank with 25% down 7 year note 25 year amortization.

How did you add value to the deal?

We added value into the deal via underwriting, capitol raise, and project management. The Value-Add portion of the project is considerable given our Opportunity Zone requirements and the needed repairs to bring the project to full potential.

I am looking for a referral to a cost segregation study to be performed in local Kansas City market. 

Appreciate your help.

Nate

Hi Allonzo, 

I have been investing in the market for Multi-Family for the past year. Lots of great learning if you want to ping me to discuss. 

Take Care. 

Nate

I am looking for a CPA in the San Jose, CA Bay Area that specializes in investment property. My goal is to get a 2nd opinion on our tax strategy. Thanks, Nate

I just entered contract on 3 Fourplexs in the Lakewood area. I will be in HSV Sat. I am looking to network with local investors and providers to get setup. Looking forward to my visit! Nate

Looking for local lender in the market who can pull together 3 pre-approval letters in 1 day on a series of 3 4plexs. I want to get 3 conforming agency loans to close simultaneously. Appreciate the help

Over the last six months I have been working on my first 28 unit apartment building closing July 17. It’s been a huge event and I’m considering a larger article on the topic. In the meantime I am active in this market looking to acquire 200+ units in the next 1 to 2 years from Midtown to the Northeast. I’m happy to connect, share experiences, and possibly invest together

While investigating a deal, the owner offered to sell the LLC along with the rental property including the business license, tax ID, and GET/TAT Tax setup. They offered up all the local (I am out of state) legal, accounting and insurance contacts. What questions should I be asking? Is this a wise approach?

@John D , others Is one key to high returns in vacation rentals buying low cost (ie smaller) properties? It seems as I talking people who have successful occupancy and returns are operating 1/1 or 2/1 which they acquired for much less than my 4/2. Just curious