Midamerican
Investments, LLC.
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What REAL PEOPLE Are Saying
Current Midamerican Investments, LLC Listings
2011 Year End Update
Midamerican Investments, LLC
2804-2816 O Ave NW, Cedar Rapids
2804-2816 O Ave NW, Cedar Rapids
Again, in 2011 we had many highs and lows. We only have one unit vacant out of the twenty-four. Our rents have increased, and we are finally over the hump. Unfortunately, in 2011 we had three long term residents move out (they were there for over 8 years each). As a result, we had to completely remodel these three units and put in some new windows. Our units will remain full, as our tenant mix is excellent (yeah, they actually pay on time!).
What the future holds…..
In 2012, we expect to maintain high occupancy even while raising rents. We should have distributions starting in the 2nd quarter of 2012 and each quarter after (baring any major issues).
In 2012, we expect to maintain high occupancy even while raising rents. We should have distributions starting in the 2nd quarter of 2012 and each quarter after (baring any major issues).
We do not foresee any major capital expenses in the near future. Property is now positioned to do well over the next few years. We should have an excellent 2012 and expect distributions in the 2nd, 3rd, and 4th quarters.
Account Balances: Checking= $382.02 Savings= $9,852.86
Escrow Amount: $3,966.16
Loan Amount: $598,434.17
Value Estimate: $810,000
Loan Amount: $598,434.17
Value Estimate: $810,000
If you have any questions feel free to email me at jrogers@jasonjrogers.com.
To A Profitable 2012,
Jason
Jason
PS. Our K-1’s should be completed by the first week of March.
PPS. We have some great deals available NOW and coming in the spring of 2012, please email me if you are interested in low risk double digit returns.
