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MARCH 2023 // VIEW IN BROWSER
Hello Friend,

We’ve found a way to make investor returns even better!
 
If you purchase one of our new construction homes by June 30, 2023, Meridian will:
  • Pay you $250 per month on top of monthly rent collected for 36 months
  • Waive your initial lease-up fee
Our new incentive package is designed to boost monthly cash flow during the first three years of ownership and deliver cap rates as high as 6%. To review available inventory and projected returns, please contact Brian Conlon at 805.276.8654 or bconlon@meridianpac.com.
 
If you’re looking for financing, don’t forget that we have several lending partners ready to support you with your investment purchase.
INVENTORY UPDATE

Deal of the Month

How does an additional $100/month sound – for a total rent bonus of $350/month for 36 months?
 
Our March deal of the month is an occupied home in the community of Nicole Place, which guarantees the buyer rental income on Day 1 of ownership!

⬇️ ⬇️ ⬇️ ⬇️
🏡   Address: 5959 Tucker Landing, Horn Lake, MS 38637
💲   Sales Price: $353,000
💲   Lease Terms: $1,945/month for 24 months
💰   Total Incentives: No lease-up fee (a $1,945 savings) and $350/month in bonus rent for 36 months
 
This home offers amazing curb appeal and has 5 bedrooms, 3 bathrooms, and over 2,200 square feet. Call Brian Conlon today at 805.276.8654 for more information and to review this home’s projected 10-year pro forma. 

Tennessee Homes Are Back!

It’s been nearly two years since Meridian has had new construction homes available in Tennessee – a state with no income tax and relatively low property taxes. We now have nine homes available!

The community of Windstone Estates is located in Millington, just 18 miles northeast of Memphis and 30 minutes from Ford’s BlueOval manufacturing plant. BlueOval is expected to bring 30,000 direct and indirect jobs to the region, where housing is already an issue. Our leasing team has been busy moving in residents, and their feedback about the community and our homes has been overwhelmingly positive. 

Homes in Windstone Estates include up to 5 bedrooms, 3 bathrooms, and just over 2,200 square feet of living space. Pricing starts at $318,000; close by June 30 to take advantage of our enhanced incentive package. To learn more, please contact Brian Conlon at 805.276.8654 or bconlon@meridianpac.com

Attention Horn Lake Investors


In December, we shared that the city of Horn Lake had passed an ordinance that will impose a nominal licensing fee on all rental units within the city limits beginning Jan. 1, 2023. Known as the Rental Property Licensing Act (RPLA), this monitoring system aims to preserve and promote the general welfare of the city’s residents and assure proper maintenance of the city’s residential housing. 

This month, Meridian Property Management (MPM) began filing rental license applications on behalf of all clients who own investment properties in Horn Lake. For investors with 1-3 properties, the fee is $50 per property per year. For investors with 4+ properties, the fee is $200 per property per year. Investors will see this expense on their owner statement. As required by the RPLA, MPM will renew each property’s application annually and update it anytime there is a new resident. 

Please contact your Property Manager with any questions or concerns.
NEWS ARTICLES

Investor Education

  • It’s official! Meridian has sold more than 500 new-construction homes to investors. - Meridian Pacific Properties
  • Last year, economists revised their housing-market forecasts downward multiple times. Now Zillow’s economists are taking a more optimistic view. This week they named the 238 U.S. markets they believe will show the most price appreciation between Jan. 2023 and Jan. 2024. - Fortune
  • During a recent webinar, Wells Fargo economists presented an in-depth look at the 2023 housing market. They covered mortgage rates, affordability, single-family rent growth, migration patterns, household formation, and builder confidence, among many other topics. - Wells Fargo

760.798.3095
info@meridianpac.com
910 W. San Marcos Blvd, Suite 210
San Marcos, CA 92078

 
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Copyright © 2023 Meridian Pacific Properties, All rights reserved.

DISCLAIMER: The calculations and data presented herein are deemed to be accurate, but accuracy is not guaranteed. The projected pro forma returns on investment are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed by Meridian Pacific Properties, LLC. or its affiliates and subsidiaries. The information provided herein is not intended to replace or serve as a substitute for any legal, real estate, tax, or other professional advice, consultation or service. The prospective buyer should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts pertaining to the property or properties described herein.





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