Gulfport – Sample Deal
Here is a sample of what you will learn in our eCourses and we talk in length in our Mastermind.
When I first started investing in these private placements it was overwhelmed at first. Words like prefs, splits, occupancy, reversion caps, and economic vacancy were foreign to me.
Check Out One of Our Old Deals Below
Magnolia Crossing Apartments
Class-C+ (80 Units)
Gulfport, Mississippi
-8-9% average projected cashflow for 6 years
-Bonus Depreciation via Cost Segregation
-Limited number of Non-Accredited investor slots
-Very small target raise of $1.5M
Pre-Acquisition Video
Not updated (entrance) property sign/logo – must adapt to current times not when the property was first built; must attract high quality residence
Logo not in appropriate sizing/ color, not big enough to see – logo must be emphasized so people can see hence it will bound to be useless; so people will be aware where to go
Not well maintained foliage or garden strips
Not coordinated paint scheme (exterior) of the units
Wall (exterior) stains
Furniture (owned by tenant) not well kept in front of the apartment unit
Placement of barbecue grill (personally owned by the tenant) in front of the apartment unit- fire hazard
Light fixtures (interior) must be change, must be uniform- existing lights have combination of white and yellow
Even if the bathroom and kitchen area looks fine, it needs cleaning (TLC)
Mismatched appliances (refrigerator white in color while the oven is color black) – small details make a huge difference. May change the refrigerator into black so it will match the other appliances
Changing kitchen cabinet staining- that will resemble with the appliances
Private backyard not enclosed – can charge additional in the rental fee if backyard is enclosed
Not enough accents in the pool area (ex. placement of umbrellas, gazebo, arrangement of pool chairs)
Not enough benches; repurposing of existing outdoor picnic benches and tables needed – to experience more of the outdoor area amenities
Outdoor public grill placed in a health hazard area (rusty and too near the benches)
Why I am investing in this deal?
It’s a solid Yield play with a value add. B+/A- location.
Plus 85% LP / 15% GP split.
New emerging market off the radar of unsophisticated investors with benefit from port development. Also a right next to main tourism strip.
Market rents have been proved by our other deal in Gulfport (Southern Pines). The sister property is a 15-minute drive away and will improve staff utilization and lower costs for both projects. We plan to use the same property management team. We are stabilized and cash flowing now in the Southern Pines project.
Why invest in MFH?
Learn more about the deal here including the spec sheet. Use password – “income”
For more past deals and webinars please check out our investor portal here. Those who have not completed their onboard call will have limited access.