Edward is a native of North Carolina and holds an MBA from Queens University-Charlotte. He has over 25 years of leadership and management experience in supply chain and operational functions. Edward’s current portfolio consists of a total of 49 doors, two 16 units and a 13 unit. We are actively searching the NC and SC markets for value-add properties ensuring efficient management and operations for superior profitability.
Address: Riverwatch Wilmington NC
Number of Units: 13
Value Add Deal? Yes
Purchase Price: $1,380,000
Estimated monthly increase projected? $100/unit
Anticipated value after value add: $1.5 mil
Estimated Cash on Cash Return: 11%
Estimated Internal Rate of Return: 18%
Andrew Vaughn is my partner on this deal
Great community and always willing to help, someone has done whatever you are going through and they can help answer your questions.
1031 exchange and investor/partner
Be patient offer better terms than the competition, in this case ability to close in 45 days
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