Top Banner
Meadows Enterprises Inc. Investor Presentation
12
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
  1. 1. Meadows Enterprises Inc. Investor Presentation
  2. 2. Who We Are Meadows Enterprises, a Florida S corporation; is the real estate investment vehicle for The Meadows Family. We participate in a broad spectrum of residential debt and equity offerings, ranging from 1st position private mortgages to fractional ownership of commercial multifamily apartments. Kenyon Meadows MD, is a board certified radiation oncologist practicing at Southeast Georgia Health System in Brunswick, GA. Meadows Enterprises was born out of an intense desire to learn about investment alternatives beyond traditional paper assets. Wilnita Meadows is a graduate of Florida A&M University with a degree in business administration. A licensed agent, she has worked in a number of capacities in real estate including at the largest property management firm in Jacksonville, Fl. President Vice President
  3. 3. Debt Capital Rehabilitate Houses Rehabilitate Mortgages
  4. 4. First Rental 8234 Sailmaker Lane, Jacksonville Fla Acquired June 2014 $75,000.00 Working Class neighborhood 3 bed, 2 bathroom 1200 sq ft Rent $1,000.00
  5. 5. DEFINITION OF ONE PERCENT RULE A RULE OF THUMB USED TO DETERMINE IF THE MONTHLY RENT EARNED FROM A PIECE OF INVESTMENT PROPERTY WILL EXCEED THAT PROPERTY'S MONTHLY MORTGAGE PAYMENT. THE AIM OF THE ONE PERCENT RULE IS TO HAVE THE RENT BE GREATER OR EQUAL TO THE MORTGAGE PAYMENT, SO THE INVESTOR BREAKS EVEN ON THE PROPERTY AT WORST. THE RULE IS USED FOR QUICK ESTIMATION, AS THERE ARE OTHER COSTS ASSOCIATED WITH A PIECE OF PROPERTY THAT ARE NOT TAKEN INTO ACCOUNT, SUCH AS UPKEEP, INSURANCE AND TAXES
  6. 6. Expensive homes