Before we jump in, a quick note: For the first time in over a year, we have a deal in the crosshairs and intend to release the deal info in the next week or two. If you want to be added to our distribution list, click here. -- -- One of our properties has a neighboring pond and a natural spring which kept the ground very wet. This would get worse when it rained. The straw finally broke the camels back earlier this year when there were 3 separate episodes of moderate rain, each taking place a month apart in January, February and March 2024. The cost to fix the gravel drive isles and surrounding landscaping cost us ~$8,000. We were fixing the same places every month at an average cost of $2,666 per month, which was not sustainable especially since we had not even reached the rainy season. For reference, this video shows the amount of groundwater that accumulated overnight, keep in mind that the last time it rained prior to recording this video was 5 days prior and it only rained 0.75 inches. Coming full circle here, we are now well versed in groundwater solutions. If you have similar challenges or questions about managing groundwater, don't hesitate to reach out. - RuCo |
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In this edition of the monthly newsletter, we’re thrilled to bring you the latest on our newest investment opportunity, a compelling market comparison following a significant industry acquisition, and an update on beneficial legislative changes affecting our Tennessee investments. Part 1: Latest Offering As you probably know, we released our first deal in over a year to investors 2 weeks ago. We still have room for additional investors. Here are some high-level details: Debt: We have secured...
Quick Update Before We Dive In: In case you missed it, we are officially launching a new deal next week—the first one in a year that was juicy enough to bring to investors. If you're interested in reviewing the details, feel free to respond to this email or click here to make sure you're on the distribution list. -- -- The Importance Of Clean Title When Buying Property Securing a clear title is crucial when buying property. Usually, minor issues can be handled by your title company and...
Unlocking peak performance involves a careful dance between product considerations and execution strategies. Results Snapshot: Yearly Revenue: $558,000 (+39%) NOI (Net Operating Income): $433,500 (+41%) Rent/sqft: $13.09 (56% increase) Occupancy: 91% (-8%) -- Product Considerations: Analysis reveals that a significant majority of our new rentals are women (>70%). This insight, coupled with a mentor's advice on prioritizing security and safety, has shaped our value-add strategy. For context,...