Introduction to Midwest Equity Partner v.5 .pdf

File information


Original filename: Introduction to Midwest Equity Partner v.5.pdf
Title: MEP PDF.pdf
Author: None

This PDF 1.7 document has been generated by Lucid Software Inc., and has been sent on pdf-archive.com on 23/04/2015 at 21:04, from IP address 75.73.x.x. The current document download page has been viewed 656 times.
File size: 46.2 MB (7 pages).
Privacy: public file


Download original PDF file


Introduction to Midwest Equity Partner v.5.pdf (PDF, 46.2 MB)


Share on social networks



Link to this file download page



Document preview


FU L L -SERV I CE
I N V EST M EN T
REA L ESTAT E.
W E H A N DL E
EV ERYT H I N G .

F U L L -SE RV I C E R E A L E STAT E
idw est Equit y
Par t ner is a
full-ser vice
w holesaler : w e
pr ovide a com plet e,
hands off appr oach t o
r eal est at e invest m ent for
people w ho haven't got
t he exper ience, t im e,
pat ience, or pr oxim it y t o
go about t he endeavor as
w ell as w e can.

M

H eaded by exper ienced
r eal est at e pr ofessionals
and m anaged by a
dedicat ed and
specialized t eam ,
M idw est Equit y Par t ner
has done over 3,500
deals in t he past decade.
Our client s include
doct or s, dent ist s,
engineer s, I T
pr ofessionals, r et ir ees,
hedge funds, and ot her s
w ho appr eciat e our
syst em at ic and
m et iculous appr oach t o
pr oducing r ent al houses.
I nvest ing in houses is
bot h r ew ar ding and
daunt ing. H ouses
pr ovide r egular cash flow
and m ay appr eciat e in
value over t im e. But
befor e you invest in r eal
est at e you m ust consider :
w hat neighbor hood, or
cit y for t hat m at t er,
should you buy in? H ow
do you find a dist r essed
but pr om ising house t o
w or k w it h? H ow do you

find a r eliable cont r act or,
and w hat k ind of
r enovat ion should you
or der ? Finally, and m ost
im por t ant ly, how w ill you
m anage your house, and
how w ill you find a good
t enant ?
We at M idw est Equit y
Par t ner k now t he
answ er s t o t hese
quest ions and enjoy
em ploying our subst ant ial
exper ience for our
client s' benefit . By dint
of our har d w or k our
client s' involvem ent w it h
t heir t ur nk ey houses m ay
be as lim it ed as r eceiving
t heir r ent al incom e in
t heir bank account s ever y
m ont h.
We find t he house. We
hir e and m anage t he
cont r act or s, and m ak e
cer t ain t hey pr oduce
pr ecisely t he w or k w e
expect . We m anage t he
house, and w e place a
gr eat t enant . We
m aint ain ongoing
r elat ionships w it h our
client s -- even aft er our
client s buy houses fr om
us, t hey m ay r ely on our
subst ant ial m ar k et
pr esence t o get t he best
available deals on
m anagem ent and
m aint enance.
We r ely on long-t er m
r elat ionships w it h our

client s. We per for m best
w hen w e pr oduce in
volum e. By k eeping t heir
cost s low, and by k eeping
t heir invest m ent s
pr ofit able, w e k eep our
client s sat isfied. For
m ost of our client s, t heir
fir st deal is t he fir st of
m any.
M idw est Equit y Par t ner
select s m ar k et s w it h good
invent or y, good

Accou n t abi l i t y,
Tr an spar en cy,
an d Good Fai t h

cont r act or s, good
pr oper t y m anager s, and
advant ageous econom ies.
We ar e cur r ent ly act ive in
M ilw auk ee, Chicago,
Davenpor t , M inneapolis,
St L ouis, and Kansas Cit y.
Our houses r eliably
pr oduce double digit
per cent age r et ur ns for
our client s because w e
pay gr eat at t ent ion t o
w her e, in addit ion t o how,
w e oper at e.
I f you w ant t o invest in
gold, you hesit at e at
buying a pick axe and a
plane t ick et t o Alask a --

r at her, you w or k w it h a
gold br ok er. I f you w ant
t o invest in r ock et s, you
don't st udy engineer ing
and build your ow n -- you
buy st ock in a r ock et
com pany. Sim ilar ly, if
you w ant t o invest in
houses, you could st udy
all t he m yr iad ins and of
t he business, but w hy not
inst ead w or k w it h t he
m ost account able and
har dest w or k ing t ur nk ey
pr ovider in t he M idw est ?
We under st and t he
im por t ance of your
invest m ent and pledge
our com m it m ent t o
get t ing t he m ost fr om it .
When you w or k w it h us,
you'll find you have m or e
t han a seller --you'll see
t hat you've got a par t ner.

-T h e M i dwest Team

SO U R C I N G & R E N O VAT I O N
gr eat r ent al house st ar t s w it h a gr eat deal. At
M idw est Equit y Par t ner w e ut ilize ever y
sour ce of dist r essed houses available t o
invest or buyer s. We r elent lessly bid on bank
ow ned pr oper t ies. We m aint ain net w or k s of seller s and
w holesaler s in ever y m ar k et in w hich w e'r e act ive. We
air t elevision com m er cials so w e m ay connect w it h
pr ivat e ow ner s w ho appr eciat e our com pet it ive offer s
in consider at ion of t heir im m ediacy. By bidding on
hundr eds of houses per w eek w e ensur e t he best pr ices
for our client s.

A

t hor oughly. Our scope of w or k dict at es how ever y
squar e inch of a house is t o be t r eat ed, and fur t her
defines ever y device and accent t hat w e w ish t o have
inst alled in our houses. By avoiding having t o
deliber at e over w hat color paint , w hat br and of st ove,
and w hat t hick ness of car pet padding t o put in our
houses, w e save t im e and m oney. Fur t her m or e,
because w e k now exact ly w hat k ind of r enovat ion m ost
appeals t o r ent er s, w e syst em at ically pr oduce houses
t hat have t he best chance of being t enant ed quick ly,
r educing vacancy cost s.

Once w e have a gr eat house t o w or k on w e
im m ediat ely set about r enovat ing it . We only w or k w it h
licensed cont r act or s w ho w ill low er t heir r at es in
consider at ion of t he full-t im e w or k w e pr om ise. Our
cont r act or s fur t her r educe t heir pr ices by bidding
against one anot her for our pr oject s. Also, because our
scope of w or k doubles as a cont r act and because w e
pay in dr aw s, w e do not pay our cont r act or s in full unt il
t hey have finished t he w or k t hat w e and our client s
expect . Our field coor dinat or s on t he gr ound in each of
our m ar k et s car efully m onit or our cont r act or s'
pr ogr ess.

We em ploy a host of ot her m et hods t o k eep our
r enovat ions high qualit y and cost effect ive. Rat her
t han unifor m ly r eplacing ever y big t ick et it em , such as
fur naces, w at er heat er s, and r oofs, w e only r eplace
t hings t hat haven't got at least five year s of life left in
t hem . Rat her t han t r ust cont r act or s w it h m oney t o buy
needed m at er ials, w e or der m at er ials fr om our
supplier s dir ect ly, t hus pr event ing m isallocat ed
r esour ces. Also, w e don't assign m ult iple jobs t o a
cont r act or unt il t hey have pr oven t hat t hey can m or e
t han adequat ely per for m on one.

We pay bulk pr ices for our const r uct ion m at er ials as
w ell. Because w e buy so m any m at er ials lik e floor ing,
appliances, car pet ing, and m or e, local supplier s give us
t he low est available pr ices for all of t he t hings older
houses need t o feel r ight again. Addit ionally, w e ow n a
H eil dealer ship and buy and inst all new fur naces at
cost .
St andar dizat ion is one of t he m ost effect ive w ays t o
k eep cost s dow n, and w e em ploy t he t echnique

We ar e alw ays lear ning and adapt ing t o an indust r y
char act er ized by const ant pr act ical and t echnological
advances M anaging a r enovat ion t ak es significant t im e
and scr ut iny. Our client s appr eciat e t hat w e t end so
car efully t o such a cr it ical st age in t heir invest m ent . A
t ur nk ey house can ver y quick ly t ur n unpr ofit able if
cost s ar en't k ept dow n at ever y st age, and r enovat ion
pr ovides am ple oppor t unit y for ever yt hing t o go w r ong
-- w e st ay on our t oes!

Tenant Placement
Midwest Equity Partner
would rather leave a
property vacant than burden
it with a poor tenant. A bad
tenant means property
destruction, non-payment,
eviction, abandoned animals
-- you name it, we?ve seen it.
The following is our exacting
tenant placement criteria:
- Income must be at least
three times greater than
rent.
- Employment must be
verified, income must be
proven.
- Credit score must be 550
or greater.
- Debt payments must be
less than 35% of income.
- All other bills must be paid
(an applicant who doesn?t
pay phone bills isn?t going to
pay rent).
- No felonies, period. A
moving or parking violation
is OK, but an applicant who
did time for armed robbery
is never going to set foot in
a Midwest Equity Partner
house.
- As of 4/ 1/ 2015 we won?t
accept applicants who?ve
had prior evictions.
- The applicant?s past two
landlords must give a
positive referral (their
current landlord may give
the applicant a glowing
review because they want to
get rid of a deadbeat -- the
prior landlord has no such
incentive, and will be
honest).

Pr oper t y M anagem ent
M idw est Equit y Par t ner has t r adit ionally hir ed t hir d par t y pr oper t y m anager s
t o over see t he t ur nk ey houses w e pr oduce for our client s, and w e st ill do in som e
m ar k et s. Som e of t he pr oper t y m anagem ent com panies w e've hir ed spr ead t heir
t eam s over t housands of pr oper t ies -- ot her s ar e com pr ised of a single busy
individual w it h a few door s t o look aft er.
Alt hough w e've closely m onit or ed t he w or k of t he pr oper t y m anager s w e
em ploy, appr oving t he t enant s and m aint enance or der s t hey've br ought us, w e
quick ly saw t hat in or der t o best ser ve our client s w e w ould do bet t er t o br ing
pr oper t y m anagem ent in-house.
Rent Pr o Team w as founded in 2014 as our pr ivat e solut ion t o our client s'
pr oper t y m anagem ent needs. Rent Pr o m anages our client s? houses -- it s r ole is
not t o t ur n a pr ofit , but r at her t o k eep our client s happy so t hey?ll k eep invest ing
in our m ar k et s. Because of t his, Rent Pr o is t he m ost account able and
cost -effect ive pr oper t y m anagem ent solut ion for our client s.
We ar e ver y select ive of w ho can live in our client s' houses. Please see t he
sidebar for m or e on our t enant select ion cr it er ia. Once t enant s ar e placed, it is
Rent Pr o?s job t o k eep t hem happy. Cont act w it h t he t eam is alw ays available.
M aint enance calls ar e pr ocessed quick ly and t hor oughly. We lik e t he sm all
t ouches, t oo: at Chr ist m as t im e w e br ing t oys t o our t enant s? childr en, just t o
show t hem t hat t hey m ean m or e t o us t han a paycheck .
M aint enance is t he ot her gr eat value Rent Pr o br ings t o M idw est Equit y
Par t ner ?s client s. Because w e r eceive bulk pr ices on t he labor and const r uct ion
m at er ials w e use in our r enovat ions, w e can also pr ovide t he m ost cost -effect ive
m aint enance for our client s? houses.
Wher eas your t ypical pr oper t y m anager m ay pick an H VAC specialist or
plum ber out of t he yellow pages, M idw est Equit y Par t ner k now s a t r ust ed cadr e
of pr ofessionals w ho low er t heir r at es in consider at ion of t he gr eat num ber of
hour s w e offer t hem . Window s, gas lines, w ashing m achines -- anyt hing t hat can
br eak in a house, w e get for less because w e buy so m any of t hem .
Addit ionally, Rent Pr o m ak es cer t ain t hat fr ivolous m aint enance calls ar e
pr event ed. Oft ent im es a t enant w ill call w it h a com plaint along t he lines of, ?I
plugged m y vacuum , space heat er, and hair dr yer int o one out let and all t he
light s w ent out . Send over an elect r ician! ? Befor e pr ospect ive t enant s can live
in a M idw est Equit y Par t ner house, Rent Pr o show s t hem a shor t video about all
t he t hings t hey can do t o m aint ain t heir house. Sim ple t hings lik e cir cuit
br eak er s, light bulbs, and t oilet s ar e all explained in t he video, w hich m eans no
fr ivolous m aint enance calls and plent y of m oney saved.

RECEN T D EAL S
M idw est Equit y Par t ner is pr oud of t he deals t hat w e have done. The above ar e only a sm all sam ple of our w or k ,
and r epr esent w hat w e do consist ent ly and r eliably t hr oughout all of our m ar k et s. Our houses ar e in good
neighbor hoods w her e cr im e and t ur nover don't have a m ar k ed effect on t heir pr ofit abilit y. We do not specialize in
neighbor hoods w her e w e our selves w ould be unhappy living w it hin!

M I LW A U K E E
Pr ice: $79,000
Rent : $1,150
M ilw auk ee is a gr eat m ar k et t o be in r ight now. I t s
unem ploym ent r at e has dr opped fr om 13% t o 5% fr om
2010 t o 2015. Big em ployer s lik e Am azon ar e m oving
in, and m any Chicagoan com panies ar e r elocat ing t o
M ilw auk ee t o t ak e advant age of t he cit y's business
clim at e. Ther e is an apar t m ent building const r uct ion
boom happening in M ilw auk ee r ight now, and t he
Buck s ar e building a new billion dollar st adium and
ent er t ainm ent dist r ict dow nt ow n.
M idw est Equit y Par t ner is t ak ing full advant age of
M ilw auk ee's r eal est at e m ar k et . By 2016 w e w ill have
pr oduced hundr eds of t ur nk ey houses in Br ew Cit y for
invest or s w hose ow n local m ar k et s can't pr oduce deals
t hat com e anyw her e close t o w hat w e'r e achieving
t her e.
And, because w e per sonally m anage our M ilw auk ee
t ur nk eys for our client s, t hey only need t o have one
point of cont act t o see how t heir houses ar e doing. I t 's
r eal one st op shopping!

C O N TA C T U S T O D AY SO
W E M AY TA L K A B O U T
W ORK I N G TOGE TH E R!
Ph on e: ( 6 3 0 ) 2 8 3 -3 9 8 9
Em ai l : I n fo@M i dwest Equ i t yPar t n er.com
Web: M i dwest Equ i t yPar t n er.com
1 0 9 Fai r fi el d Way
Su i t e 2 0 7
B l oom i n gdal e, I L 6 0 1 0 8

1 0 9 Fai r fi el d Way, Su i t e 2 0 7 ,
B l oom i n gdal e, I L 6 0 1 0 8

M i dwest Equ i t yPar t n er.com
I n fo@M i dwest Equ i t yPar t n er.com
( 6 3 0 ) 2 8 3 -3 9 8 9


Related documents


introduction to midwest equity partner v 5
90 step guide jaymeswilloughby2 3
ndis accomodation ydas submission
financial advisor1329
lld listing guide pdf
moneyguidepro powerful profitable planning made easy

Link to this page


Permanent link

Use the permanent link to the download page to share your document on Facebook, Twitter, LinkedIn, or directly with a contact by e-Mail, Messenger, Whatsapp, Line..

Short link

Use the short link to share your document on Twitter or by text message (SMS)

HTML Code

Copy the following HTML code to share your document on a Website or Blog

QR Code

QR Code link to PDF file Introduction to Midwest Equity Partner v.5.pdf