No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information
Welcome, Unregistered.
User Name
Forum Links
Site Navigation
Real Estate Resources
Go Back   Real Estate Investing > Real Estate General > Yahoo Investing Group
Thread Tools Search this Thread Display Modes
Old 09-28-2005, 06:23 AM
Posts: n/a
Default Re: [incomeproperties] Seeking Investors/Lenders 20 Lofts/2 properties


I am interested in this property, and will like to know more details on
location, and necessary details to calculate Cash flows.

Looking forward to hearing from you.


>From: "TLM Investments, Inc." <>
>Subject: [incomeproperties] Seeking Investors/Lenders 20 Lofts/2 properties
>Date: Mon, 13 May 2002 12:33:46 -0700 (PDT)
>Two Loft Buildings 20 Units Total
>$1,100,000.00 USD
>Currently Under Exclusive Option
>10% Cap Rate as-is/12 15% Pro Forma
>New Transit station under construction nearby
>New Police Headquarters nearby
>Homeless Shelter and Day Labor building nearby will be
>Historical Landmark nearby involved in multi-million
>dollar upgrade
>At least two large revitalization projects nearby
>Very close to downtown
>Owner is selling because of his age, current medical
>condition, and spousal pressure
>While there are many development, revitalization, and
>urban growth projects going on within a few blocks of
>these properties, the immediate surroundings are not
>very pleasant to look at. This, of course, has kept
>the price down. There are quite a few factors that
>play into the general unpleasantness of the
>surrounding area. A homeless shelter and day labor
>building not far from the properties is in heavy use.
>The city council is currently in the process of
>finding a new home for these purposes and when that
>happens, the surrounding area will quickly clean up.
>Also, with all of the projects that are going on
>around these properties in the early to mid phases of
>completion, from the outside, the whole area appears
>to be torn apart. This, again, plays into the favor of
>a low purchase price.
>The current cap rate is 10%. However, this is
>calculated based on the current owners figures. The
>current owner has a full time, onsite manager, who
>gets a salary and benefits, plus an external
>management company. As well, current leases must be
>renegotiated and brought to current market value. With
>some simple changes to these business practices, a cap
>rate of 13% or higher could be achieved with no
>capital expenditure whatsoever. The pro forma provided
>by the current owner is only 10.5% cap rate, based on
>his figures. Again, this would be substantially higher
>based on a change in the business practices.
>An example of changes that can be made to improve cap
>rate and cash flow that does require small capital
>expenditure is the reconfiguration of under performing
>space. There are a total of 20 units in the current
>configuration. A 6000 square foot unit is currently
>renting for $0.25 Sqft. This unit could easily be
>changed into 5 units, renting at $1.00 Sqft. This
>change results in a four-fold increase in cash flow,
>without a large investment.
>The cap rate and net income off of these properties is
>simply the tip of the iceberg. The fact that there
>are so many great projects happening just blocks away
>is sure to improve the values of these properties a
>great deal. Of course, no guarantees can be made in
>this sense, but simply looking at a map of the area
>and seeing what is happening will put all of this in
>If you are interested in this project, please let me
>know. I am seeking money partners, or lenders only.
>Thank you,
>Tad Murphy
>P: 817.429.1159
>F: 817.492.4123
>_________________________________________________ _
>Do You Yahoo!?
>LAUNCH - Your Yahoo! Music Experience
>To unsubscribe from this group, send an email to:
>Your use of Yahoo! Groups is subject to

__________________________________________________ _______________
Send and receive Hotmail on your mobile device:
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

All times are GMT -8. The time now is 01:38 PM.

Powered by: vBulletin Version 3.0.8
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 2.4.0
Copyright 2001 - 2006, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.