Davin Taul
Richland, IN (USA)
Role(s):
Founder/Owner/Principal
LK Enterprises
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Startup
Location:
Richland
Industry:
Real Estate
Year Founded:
2007
Number Employees:
1-10 people
Description:
With an increasing foreclosure rate on single family dwellings, there has been a large increase in demand for rental housing. The Evansville and Owensboro metro areas are saturated with multifamily units for sale and are also still experiencing increasing growth despite the slow economy which has greatly affected other regions of the country. Now is a great time to invest in these properties, and gain a significant return. Multifamily units are selling below market value, in an attempt for property owners to liquidate a portion of their assets. Our nation's workforce is struggling, so to help, our plan is not only to provide rental housing, but to make it AFFORDABLE as well as participate in housing programs such as Section (URL removed) an investor, you would receive a generous return on the investment. Being a licensed REALTOR with five years of management experience, I have the skills necessary for tackling this project.
As an investor you would receive a scaled return. The return would be percentage based on the net operating income as follows:
Year 1 - 18%
Year 2 - 17%
Year 3 - 16%
Year 4 - 15%
Year 5 - 15%