Investing in real estate offers both opportunities and challenges, and it’s important to learn from real-life examples. In this case study, we’ll explore the Pin Oaks property in Leavenworth, Kansas, and examine the key highlights, challenges faced, outcome of the project, and valuable lessons learned.

Key Highlights:

• The Pin Oaks property was acquired at an attractive cost basis of $43,000 per door.
• Leavenworth, Kansas, offered a unique market with a lack of affordable housing, presenting an opportunity for investment.
• The property was previously owned by a church and managed as a charitable venture, providing potential for improved operations and profitability.

Challenges Faced:

• The unfamiliarity of the market presented a challenge, as it was the first investment outside the Southeast region.
• Working with a new team, including a first-time lead operator and property management company, required diligent vetting and building trust.
• Capex adjustments were necessary during the project, including additional renovations beyond the original budget, impacting cash flow and distribution timelines.
• The reaction from the property management company during the sale process created some friction, highlighting the importance of clear communication and managing expectations.

Outcome of the Project:

The Pin Oaks property proved to be a grand slam, achieving a total return of over 200% in just two years. Despite the challenges faced, the project delivered exceptional results and became a standout investment opportunity.

Are you ready to explore real estate investment opportunities and learn more about achieving success in the market? Reach out to us today to discuss your investment goals and discover how our expertise and proven strategies can help you navigate the world of real estate investing. Let’s embark on a profitable journey together. Contact us at sarah@hyleecapital.com or visit our website to get started.