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  • Small Wins!

    Posted by Greg Scully on September 11, 2020 at 4:16 pm

    We achieved our first full proforma rent for our project here in Tennessee.  After a surfaces rehab and replacing some tired decks we went from $675 to $850.

    We’re in area right between the local University and the Medical district.  We did not examine the psychographics to the extent that Bryan does, but we saw the opportunity to focus on the upwardly mobile, higher median medical workers rather than the students who inevitably will leave after a year.

    It’s certainly nice to have some proof of concept.

     

    Larry Pendleton CPA replied 2 years, 2 months ago 4 Members · 5 Replies
  • 5 Replies
  • Bryson Rogan

    Member
    September 11, 2020 at 10:54 pm

    That’s awesome Greg!

  • Jeffrey Fanok

    Member
    September 12, 2020 at 1:39 am

    Great job Greg!!!

  • Jeffrey Fanok

    Member
    September 18, 2020 at 1:41 am

    Look forward to hearing about your transition into property management for your project.  Keep us posted….

  • Greg Scully

    Member
    September 19, 2020 at 3:03 pm

    Finding this platform has been a tremdous help with the gap in knowledge we had.  We have two projects locally, we’re shooting to start the transition with one proerty with 30 days.

  • Larry Pendleton CPA

    Member
    September 24, 2020 at 9:10 am

    Great stuff Greg! Keep winning!