Special Opportunity for Experienced Investors – Lower Down Payment Needed. Strong Cashflow

$ 60,000 per share

FAQs - About Co-Ownership

Simply Do It or one of it agents/affiliates will be the one who sees the day to day of this investment. 

Minor decisions are made by the operation manager, such as approving a repair, approving a tenant, deciding on an insurance, etc.

Major decisions are made together with the group, such as if to sell or not, if to refi or not, if to invest more into converting to a Hybrid Rental or stay with traditional long term, etc.

 

You should make the assumption that selling your interests will be very challenging so assume it will be difficult. That being said another group member may be interested in buying it. Simply Do It or Operation Manager will need to approve any new member.

Simply Do It reserves the right to buy out any member if necessary. For example, while it’s not very likely, if a member is acting in a way that could harm the investment, they may need to be bought out to protect the overall investment.

To protect the overall investment, Simply Do It will hold an executive role in decision-making. If the members cannot agree on a major decision, Simply Do It will have the authority to make the final call.

The assumption is that most sellers won’t buy the property back. This is mainly because they likely won’t qualify for financing or simply won’t want to repurchase it. The sale-leaseback arrangement is more of a “sell now, move later” program.

A trust issues a K1 just like an LLC does. Unfortunately, we’ve also had cases where the K1s were ready later than we would have liked. Here’s what typically happens: We aim to have taxes done by the end of December, but the CPA is usually waiting for updated tax documents from the IRS. For various reasons, these documents often aren’t available until late January (which is pretty common). As a result, the K1s are typically only ready in March or April. If this delay is a concern for you, this investment might not be a good fit.

Losses are passed through to you based on your percentage of ownership, just as if you didn’t have a separate entity and your tax/financial activity is a portion of the deal.

The profits will be treated as long-term capital gains, similar to holding an asset for more than 12 months, but it’s not just about the duration; intent also matters in taxation. In reality, 99% likely, it will take at least 12 months plus additional days until the sale closes.

We collect rent upfront for 12 months, and because cash flow is tight, we keep all the rent as a reserve. The final distribution happens when we sell the property after a year or based on meeting certain reserve requirements, on a quarterly basis after the 1st year.

Major decisions like re-leasing, selling, or refinancing are made based on voting rights. Minor decisions, like choosing insurance or how to handle a maintenance issue, are made by the operations manager.

  • Updated On:
  • September 18, 2024
  • 4 Bedrooms
  • 3 Bathrooms
  • Garage Garages
  • 2,983.00 ft2
  • Year Built:2007
Property Id : 67783
Price: $ 60,000 per share
Property Size: 2,983.00 ft2
Property Lot Size: 10,400.00 ft2
Bedrooms: 4
Bathrooms: 3
Year Built: 2007
Garage: Garage
Garage Size: 2 car
Basement: none
External Construction: Wood
Roofing: Composition
Rent (mo): 0
Property Taxes (mo): 0
Insurance (mo): 0
Repairs (mo): 0
Management Fee (mo): 0
Leasing Fee (ann): 0
HOA (mo): 0
Vacancy Rate (ann): 4
Other Features
back yard
Community pool
front yard
private space
Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals
$ 101,434.43
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 284.43

Similar Listings

25
user image
MTR
New Opportunity

Metro Atlanta MTR – projected monthly ...

Suggested offer $ 215,000
In short: this email is a bit long, but it’s worth reading – it will show you ...
42 none 1,620.00 ft2
Kenny Bailey
22
CO-OWNERSHIP
New Opportunity

Unique Opportunity for Experiencesd Investor...

$ 58,500 per share
Opportunity Info Financial Info Area Next Steps Opportunity Info Highlights Purchase price ...
32 Garage 1,630.00 ft2
Dan Ore

Property Reviews

You need to login in order to post a review
Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice. The analysis is provided "As Is". All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

Compare Listings

TitlePriceStatusTypeAreaPurposeBedroomsBathrooms

Compare Listings

Simply Do It