2. Who We Are Meadows Enterprises, a Florida S corporation; is
the real estate investment vehicle for The Meadows Family. We
participate in a broad spectrum of residential debt and equity
offerings, ranging from 1st position private mortgages to
fractional ownership of commercial multifamily apartments. Kenyon
Meadows MD, is a board certified radiation oncologist practicing at
Southeast Georgia Health System in Brunswick, GA. Meadows
Enterprises was born out of an intense desire to learn about
investment alternatives beyond traditional paper assets. Wilnita
Meadows is a graduate of Florida A&M University with a degree
in business administration. A licensed agent, she has worked in a
number of capacities in real estate including at the largest
property management firm in Jacksonville, Fl. President Vice
President
3. Debt Capital Rehabilitate Houses Rehabilitate Mortgages
4. First Rental 8234 Sailmaker Lane, Jacksonville Fla Acquired
June 2014 $75,000.00 Working Class neighborhood 3 bed, 2 bathroom
1200 sq ft Rent $1,000.00
5. DEFINITION OF ONE PERCENT RULE A RULE OF THUMB USED TO
DETERMINE IF THE MONTHLY RENT EARNED FROM A PIECE OF INVESTMENT
PROPERTY WILL EXCEED THAT PROPERTY'S MONTHLY MORTGAGE PAYMENT. THE
AIM OF THE ONE PERCENT RULE IS TO HAVE THE RENT BE GREATER OR EQUAL
TO THE MORTGAGE PAYMENT, SO THE INVESTOR BREAKS EVEN ON THE
PROPERTY AT WORST. THE RULE IS USED FOR QUICK ESTIMATION, AS THERE
ARE OTHER COSTS ASSOCIATED WITH A PIECE OF PROPERTY THAT ARE NOT
TAKEN INTO ACCOUNT, SUCH AS UPKEEP, INSURANCE AND TAXES