Inman Equities

To reset or not to reset... We purchased two properties at a very good price Oct 2019 and 5 months later COVID struck. Business plans were interrupted and we went into conservation mode in hopes that things turned out better than all the negativity in the marketplace suggested. ... The focus became tenant education and making sure the mortgages, bills and payroll were all taken care of. Thankfully we still managed to pay out some distributions throughout the year although it wasn’t exactly the amounts we originally expected. However, we had 1 year of interest only payments that would end at the 1 year anniversary. What are we going to do? We quickly began conversations with our new lender in hopes of structuring a refinance on the two properties. We were also able to pull out $495k that is distributable cash after a few minor repairs are made, along with 3 more years of interest only payments, and a much needed restart. Which means catch-ups are forthcoming! Here are the differences in the numbers: Property 1: Original underwriting penciled to: 13.9% COC and 21% IRR New underwriting based on new loan pencils to: 17% COC and 27% IRR Property 2: Original underwriting penciled to: 15.5% COC and 22% IRR New underwriting based on new loan pencils to: 17% COC and 26% IRR Having the right team makes ALL the difference! Who’s in your corner?

Why do we invest in specific markets? #Dallas #Texas you can see from this report continues to experience population growth from people moving into the area from #California, not to mention relocation efforts from other markets as well. You can also see the migration trends from #Chicago and #NewYork to different areas of #Florida. ... However, whats just as important is what’s NOT shown on this cute map, and that would be the markets benefiting from in-migration trends. As more people from certain Northern markets relocate to select markets the South they are finding priceing to be more favorable than where many of them are moving from. This places pressure on current residents, many of whom may not want to experience higher costs of living and are instead deciding to relocate to other markets within the same state. This is the main reason we focus on #daytonabeach and #Jacksonville! These markets will continue evolving and expanding, therefore creating added pressure on current market pricing in these areas, eventually motivating the current residents in those markets to deal with the increased cost of living or relocate themselves elsewhere. If you would like to learn more about our current #multifamily offerings feel free to reach out: [email protected] https://fortworthbusiness.com//california-there-they-go-/

Now that the team is in place on our recent #Jacksonville #Florida acquisition, and with the exterior projects kicking off this coming week that will take 1-2 months to execute who has time to rest? We are looking forward to launching our newest deal in #Dallas #Texas this coming Monday! With $178/mo rent increases post renovation I’m thinking this may be yet another special ... If you are interested in knowing more about us or if you would like to dig into the numbers on this deal feel free to let us know and we will reach out Monday: [email protected] to be added to the list. This one will fill up quickly. Stay tuned! Happy Easter weekend everyone.

Looks like I will be adding a new piece of large canvas art to at least one wall of our new office. In the early days, flashback to 20 years ago, there were many times when things did not work out 100% as planned but we kept pushing, adjusting, re-focusing and taking even more massive action. I was #10x when 10x wasn’t cool. ... I am humbled and grateful for where we are today because of our investment partners, but we still have a long way to go! Thankfully we have many deals still in the pipeline, in addition to a few new pending partnerships that we are not yet able to speak of. Here’s to another level and #Inman 2.0! Remember 8/18

Closing time Another joins the stable! It has been a little quite in social media land for us lately because we have actual work to do closing deals! ... We are excited to announce our latest closing that was made final today in #jacksonville #florida We are beyond excited to kickstart this renovation plan and execute this business plan effective tomorrow am. Flights booked! With so much uncertainty still in the market, it feels great to know we are still finding great deals with great debt options and with great partners! With the lowest unemployment in the entire state what more could you ask for? 51% white collar jobs within a 1 mile radius could help I guess... Let’s get this 288 unit party started!! 1. Pressure Washing 2. Painting 3. Landscaping 4. Parking lot 5. New gym 6. Updated pool areas complete with grilling stations 7. Dog Park 8. Renovated Interiors Are all a part of the plan! If you have any questions or comments feel free to reach out to us at: [email protected] or text us: 615-513-3088 #inman #familyoffice #cashflow #realestateinvesting #multifamilyinvesting #passiveincome #multifamilyinvestments #nyc #privateequity #newyork #dallas #texas #florida #daveramsey Good debt is a good thing! #grantcardone I'm still coming for you!