I was looking for something a bit more stable than a value-add in these uncertain times and was interested to find that MAG capital had a project for a triple net industrial tenant with a long-term lease and 9 months of prepaid rent.

@Kyle Fitch I’ve got 31 units and average about $6,000/month.

I have done well in the construction industry and am now in a position to pursue real estate investing full time.

It is now 2.5 years later and we have had around 92% occupancy and average cashflow of $900.00.

We came across this deal through our trusted network of contacts, which we’ve cultivated over years in the industry.

Houses sell on average in 4.9 months and 100% go for listing price. 

This isn’t your average “buyer and seller” market; it’s about connecting with people who have serious goals and the resources to reach them.

Anyways, the appraiser used two of the properties that were within the comps report (the higher ones) and we managed to overperform our ARV target by $20k.Lesson Learned -> Later we realized that the appraiser also looked at the rental comps, and the average rent used in the income approach was $2,000...we are renting both units for $2,600 and the average rent in general for this kind of duplex in the area is $2,100 - $2,200, so we could've easily hit a higher ARV, crazy right?"

A lot of your other mid-sized cities have similar risk profiles (dominated by a single industry or a handful of companies). 

It is the most popular software in the industry, and all CPAs know how to navigate it, which is nice.2I use it for my portfolios as well.