CASE STUDY

AIRPORT DUPLEX
SALISBURY, NC
​
​
​

This is the only property we've acquired through MLS. The listing price of $99k didn't make sense, but after talking with our agent, we discovered the owner was a burned out landlord who had no desire to continue in the rental business. Therefore, we were able to negotiate the price down to $75k. 

​

At the time of purchase, there was one resident paying $550 per month, but market comps were $650. We executed our framework by quickly turning the vacant unit and listing it at market rents. Both units are currently rented at $1200/mo. 

​

​

 

CHALLENGES BEFORE ACQUISITION: 

  • High Asking Price

  • Below Market Rent

  • 50% Vacancy Rate

​

VALUE PLAYS AFTER ACQUISITION:

  • Bought Right by Finding Motivated Seller

  • Bought Right by Negotiating a Better Deal

  • Filled Vacant Unit at Market Rents

  • Increased Rent on Existing Unit         

​

​

RESULTS AT THIS TIME:

  • Bought for $75k (Asking $99k)

  • Increased Rents from $550/mo at Acquisition to $1200/mo

  • Cash-on-Cash Returns 35%

WHITE REAL ESTATE

Tell us more about yourself!

Get your FREE consultation to learn more!

NOTE: Investment opportunities will be limited to Accredited Investors and Sophisticated Investors and are described more fully in a Private Placement Memorandum (PPM) related to a specific property. The information on this website presents a general summary of the investment opportunities we offer and of our business. This summary does not purport to be complete and is qualified in its entirety by reference to the more detailed discussion contained in a PPM. Our investment opportunities involve risks. You should read the PPM for each property and consult with your own attorneys, accountants, and other professional advisors prior to making an investment. 

​

Some statements on this website and in a PPM may contain forward-looking statements and are based upon current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Although we believe that the expectations reflected in such forward-looking statements are based on reasable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements.

​

We are not responsible for content or information obtained from third-party sources outside of this domain. Hyperlinks to third-party sites do not constitute an approval or endorsement by White Real Estate or any of its affiliates of the linked content.