All Forum Posts by: Nick Childs

Currently seeking experienced Equity Partner for a 14 unit off market deal that I've found just north of Austin, Tx. The building was built around the 70's, is completely run down and 100% vacant. Would be a heavy value add deal. 

I've underwritten the deal under the BRRR calculator tool here at BP and the deal shows to produce a 54% COC return, $1,584 CF per month and a 222% Total annualized return if exited in year 2. Total Cash needed at acquisition would be about $270,000. I have already physically toured the property and estimate about $220k needed in renovations. But I would really prefer to have a partner with more reno. experience to help confirm my rehab estimations. 

I am a full time Commercial Realtor in the Houston area, I specialize in finding off market MF deals for my clients. I have the experience and knowledge to find good deals, but this time I'd really like to use my skills to acquire my first MF investment property for my personal portfolio. 

Thank you for your consideration. 

Nick Childs

I grew up in League City, I can confirm these locations would be considered Houston's MSA. 

Mr. Rob Thomson will be our guest speaker at this meeting. Here is a little about Rob and his company.

TWLP sources real estate investments through our extensive network of broker contacts. We work tirelessly to build and develop relationships with real estate professionals, investors, and family office executives in order to create immense value for our clients and deal partners.

Hi Everyone, I am a full time commercial broker specializing in off market multi-family deals for investors. Looking forward to hearing the guest speakers story as well as meeting other like minded investors in the Houston market. 

Looking for equity partner to provide $5.6M for a 298 unit, off campus, (OFF MARKET) multi family portfolio located in a local college town in Texas. This would be a Preferred Equity Structure, 5-7year hold.This deal is a turn key operation that generates over $2M in NOI each year. This portfolio sits literally adjacent to the University property line. Email me at [email protected] for more details.

I have a pocket listing located in NE Houston. Deal won't last long once this is posted!

Please note: If we have not done business together before, I will not send P&L's without having a verbal introductory call first. This is to help save a lot of your time and my time in regards to connecting true deals with true buyers. 

YB - 1978

C- Class, 72 units

1 Pool

Was NOT effected by Harvey

Unit type - 1 bed, 2 bed, 3 bed.

Current NOI = aprx. $427k

Asking Price - $3.9M

Asking Cap Rate - 11%

Property 2 min away from a new master planned community already under development which will bring in Class A Multi-family, Retail, 1,200 residential homes, 9 hole golf course, Condos and industrial properties. 

Seller has owned for 5 yrs and ready to 1031 into another property. Will need LOI's before end of this week to be a final contender.

I have a situation where I have found a MF deal and found a buyer who is interested in buying it. I would like to hold the financials and rent rolls close to my vest until I get the buyer to sign an NDA agreeing that I will own a small % of the deal in exchange of me taking over the property management. What form would I use to ensure that me releasing the rent rolls and financials are contingent on me becoming a partner in the deal?

I've located a 16 unit MF property in Montrose with light value add upside. Priced at a 7 cap, average market caps in this area are about 5.5cap. Current employed management will stay with the property. I'm looking to rep the buyer for this deal. - Nick

I have an exclusive franchise opportunity in one of the fastest growing cities in the U.S. This is for the state of TX only. Located in Conroe, Tx. This store specializes in not only selling health and wellness supplements (similar to a Nutrition Depot) but designs meal plans and recommends the best supplements created by a state of the art 3D body scanner to help guide the client to his/her fitness goals.

Purchase price $99,000. Price includes everything you need to open a store turn key, includes 3D body scanner ($30k value - same as athletes use in NFL), 2k worth of initial inventory, build out etc. Overall, really great profit margins with low cost of overhead. Let me know if you or someone you know would be interested in seeing the P&L Statements. Must Sign NDA before reviewing financials. 

The Owners of the Planet Beach Spray & Spa Franchise in Katy Tx's Cinco Ranch are finally selling! They desire to retire from the work force and have just listed their business for sale. This location has been running for over 10 yrs, has 3 streams of income and is Amazon proof! Please reach out if you or someone you know is looking to own a successful franchise in the renown Cinco Ranch of Katy! Thank you, [email protected]