Seeking One Key Principal — 10 Unit Multifamily Roanoke, Va

KP Equity required: ~$151,000–$165,000

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I'll be direct. I have a live deal, a motivated seller, and a broker already asking for an offer. I need one qualified Key Principal to complete the capital stack. This is not a fishing post — it's a real transaction moving on a real timeline.

If you have strong credit, $151K–$165K in liquidity, and want to earn passive income secured by a hard asset while a seasoned operator runs everything — read on.

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WHAT YOU EARN AS THE KP

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① LOAN GUARANTY FEE — PAID AT CLOSING

You will receive a one-time guaranty fee of 1% of the loan amount (~$6,125) paid directly to you at closing — before the first tenant pays rent, before the first distribution, before anything. You are compensated the moment you sign. Most GP/KP deals don't offer this. I do, because your balance sheet is real capital and it should be treated that way.

② 8% PREFERRED RETURN — FROM DAY ONE

You receive an 8% annual preferred return on every dollar of your equity contribution, accruing from the date of closing. This is a senior claim — it is paid before I receive any profit. If cash flow in any given quarter falls short, the unpaid preferred return accrues and is added to your buyout amount. You do not lose a dollar of preferred return simply because Year 1 cash flow is lean.

③ EQUITY STAKE WITH APPRECIATION UPSIDE

You hold a 30–35% equity interest in the LLC that owns the property. As NOI grows from $67,000 in Year 1 to $88,000+ by Year 3, the asset's value grows with it. You participate in every dollar of that appreciation above your capital return.

④ QUARTERLY CASH DISTRIBUTIONS

Cash flow distributions are paid quarterly. Here is what the numbers look like on your investment:

— Year 1: ~$8,400 total distributable cash flow (all applied to preferred return; accrual of ~$3,700)

— Year 2: ~$14,100 distributable; preferred return fully covered + surplus

— Year 3: ~$29,700 distributable; $12,100 preferred + your 30% share of $17,600 above-pref = ~$17,400 to you this year alone

⑤ DEFINED BUYOUT AT YEAR 3–5 — YOU CHOOSE

This is the structure most passive investors never get offered. At Year 3–5, I execute a cash-out refinance based on the property's grown NOI. From those proceeds, I pay you:

— Full return of your capital contribution ($151K–$165K)

— All accrued and unpaid preferred return

— Your equity appreciation share based on appraised value at time of buyout

— Clean exit. No sale required. No market timing. No waiting for a buyer.

Projected total KP return at a Year 3 buyout (conservative estimate):

— Cumulative distributions received: ~$38,000

— Buyout payment: ~$205,000

— Total back in your pocket: ~$243,000 on ~$158,000 invested

— Annualized return: approximately 15–17% over 3 years, passively

Or — if you prefer — you can roll your equity into my next acquisition instead of taking the cash. First right of refusal on every future Haskins Capital deal is yours as the founding KP.

⑥ FIRST RIGHT OF REFUSAL ON FUTURE DEALS

My goal is three commercial acquisitions in 2026. If you perform as KP on this deal, you have the first call on every deal that follows — before I post publicly, before I talk to anyone else. If you want to grow a passive real estate portfolio alongside an active operator without doing any of the work yourself, this relationship is worth far more than one deal.

⑦ FULL TRANSPARENCY — ALWAYS

Monthly financial reporting. Annual audited statements. Open-book access to rent rolls, bank accounts, and operating records at any time. No surprises. No black boxes.

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WHAT YOU NEED TO PROVIDE

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✔ Personal credit score of 700 or higher

✔ Verifiable personal net worth at or above the loan amount (~$612,000)

✔ Liquid capital of $151,000–$165,000 for equity contribution

✔ Willingness to serve as guarantor on a commercial multifamily loan

✔ A passive mindset — I run the deal, you collect the return

That is the entire list. You do not attend tenant meetings. You do not approve repairs. You do not deal with property managers. You provide capital and credit — I provide everything else.

If you have served as a KP or loan guarantor before, that is a plus. If you haven't, I will walk you through exactly what it means, what lenders require, and what your actual exposure looks like. There are no hidden obligations.

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WHAT I BRING TO THIS DEAL

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I am Steven Haskins, Principal of Haskins Capital LLC in Roanoke, VA.

— BSEE + MBA, 20 years of engineering and capital operations experience

— Currently serving as Director of Capital Expenditures at Virginia Transformer, one of the largest transformer manufacturers in North America — I manage multi-million dollar capital programs as my day job

— Completed full underwriting on this asset: proforma, rent roll analysis, DSCR modeling across multiple rate scenarios, capital stack stress testing

— Active broker relationships with the top commercial investment firms in Roanoke

— Seller is already in active conversation on offer terms through the listing broker

I source deals. I negotiate. I manage due diligence. I arrange financing. I oversee property management. I execute the value-add rent strategy unit by unit. I handle every distribution, every report, every lender conversation. I execute the Year 3–5 refinance and I buy you out.

You are not hiring a first-time investor hoping things work out. You are partnering with an operator who underwrites with precision, communicates with transparency, and has a defined plan to build a portfolio — with you in the front of the line for every deal.

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THE DEAL — WHAT YOU NEED TO KNOW

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— 10 units across two buildings, fully occupied, Roanoke VA

— Current rents are $270/month below market across every unit

— Going-in cap rate: 6.88% | Year 1 NOI: ~$67,000

— NOI grows to $88,000–$94,000 by Year 3–5 as rents reach market on lease turns

— Negotiated purchase price: $875,000

— Capital stack: 70% senior bank loan + 15% seller carry note + 15% KP equity

— The upside is not speculative — it is baked into leases already in place at below-market rates

— No address posted publicly. Full underwriting package, proforma, and rent roll shared with qualified parties under NDA.

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KP RETURN SUMMARY

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Contribution: ~$158,000

Guaranty fee at close: ~$6,125 (paid day one)

8% preferred return: ~$12,650/year

Year 3 buyout total: ~$243,000 projected

Annualized return: ~15–17% passive

Hands-on time required: Zero

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This deal is moving. I am not collecting inquiries — I need a decision-maker.

DM me with a brief introduction: your background, current holdings if any, liquidity range, and whether you have prior KP or guaranty experience. I respond to every qualified inquiry within 24 hours with a one-page deal summary.

Steven Haskins | Principal, Haskins Capital LLC

Roanoke, VA