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Expand Y our Proper ty Por tfolio

Rockwall, Texas Status: Active
21% cash on cash. Very nice units in a park-like Price: $135,000
setting in the fastest-growing county (Rockwall) Bldg. Size: 2,586 SF
in the United States. Rockwall has a morato- Units: 3
rium on new construction. Cap Rate: 9.47%
Primary Type: Garden / Low-Rise
Omaha, Nebraska Status: Active
Mid-city brick units: 8 courtyard and 3 below Price: $330,000
grade. Three built-in garages. Boiler (owner Bldg. Size: 6,000 SF
pays heat and water). One-quarter acre. Units: 11
Cap Rate: 30.00%
Primary Type: Garden / Low-Rise
Roanoke, Virginia Status: Active
Brick apartment building with balance of Price: $258,000
effi ciency, 1-bedroom, and 2-bedroom apart- Bldg. Size: 7,500 SF
ments. Centrally heated with updated electrical Units: 10
and new roof. Cap Rate: 9.3%
Primary Type: Mid / High-Rise
Fort Myers, Florida Status: Active
Updated duplex consists of two 2-bedroom, Price: $118,000
2-bath units. Each unit is over 900 square feet. Bldg. Size: 1,943 SF
The exterior has been repainted and reroofed. Units: 2
Two parking spaces per unit. Cap Rate: 8.7%
Primary Type: Garden / Low-Rise
Tonawanda, New York Status: Active
Nearly new apartment complex, thirteen years Price: $349,900
young, all 2-bedroom apartments. Separate Bldg. Size: 8,305 SF
utilities, central air conditioning. Laundry rooms Units: 8
and parking on site. Cap Rate: 9.50%
Primary Type: Garden / Low-Rise

Go to www.loopnet.com . Click on locales away from the East and West
coasts. Troll through for sale listings. You’ll find thousands of properties

priced in the same range as those shown in Exhibit 15.1 (residential as well as
offices, retail, mobile home parks, self-storage, industrial, etc.). Many of these

properties sell for $100 per square foot (or less) and will produce positive cash
flows with a down payment of 20 percent. Get away from the high-priced

cities, and you can buy quads for $200,000 that generate rent collections of
more than $1,500 a month.

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