Updates to the property will primarily be cosmetic to bring the property to current market standards. provides clean, quality homes in growing markets to well qualified tenants. Supplemental income will include: Forfeited Deposits Bounced Check fees (NSF) Late charges Damage and Cleaning Charges Application fees Pet Charges Lease Termination charges There are seven rental income properties within a 1 mile radius of the subject along with several multifamily apartment units.For comparison purposes, the multifamily units have been excluded from this comparison.
According to the University Of Tennessee’s 2012 Economic Outlook, Williamson County is one of the fastest growing counties in the state, expanding by 44.7% over the prior year.
Health Spring, Community Health Systems, Healthways, Home Instead Senior Care, Med Solutions Inc, Magazines.com, the Provident Music Group, Renal Advantage Inc, World Christian Broadcasting and Nissan's North American headquarters are based in Franklin.
In addition to their outside revenue, the Rogers received a $100,000 inherence when Linda’s mother passed away recently. is purchasing their first investment property, a well maintained single family home located in the highly sought after Red Mill Estates subdivision. has a contract on the house and the sales price is $107,500. It is estimated the repairs will take one month to complete at a cost of approximately $10,000. are requesting a $53,750 commercial real estate loan to purchase the investment property.
The property is in need of some repair and maintenance (primarily cosmetic). will contract the work to a well known contractor that is personally known by Real Estate Ventures, Inc. A tenant, known by the owners with excellent credit and references, has been located and is ready take occupancy the following month. The credit facility will be based on 15 year amortization and have a loan to value ratio of 50%.
has near term plans to purchase additional quality income producing properties sufficient to generate, passive income streams.
Franklin, Tennessee, located in Williamson County, is a Principal City in the in the Nashville Metropolitan Statistical Area (“MSA”) and is ranked 31 in the United States.
One of the largest mistakes made by new real estate investors is in poor property selection. is fully committed to make its rental property business a long term success with future plans for expansion.
Even worse is their tenant selection process, often with little or no background and credit checks. It is this dedication and drive which will set them apart from their local peers. believes are its keys to success: Real Estate Ventures, Inc., (“Real Estate Ventures, Inc.”), is a newly formed S-Corporation formed for purposes of managing the underlying real estate located in Franklin, Tennessee, a principal city in the Nashville Metropolitan Statistical Area (“MSA”). is jointly owned by Steve and Linda Rogers, husband and wife.
The property is located in the Franklin City Elementary School District.
The property is clean and well maintained by the original owner.