How it works
You are the investor and the future owner of the properties; we are your team to help you get to a state of stabilization. While we can handle the dirty work, we'll still need your attention and focus on items throughout the process.
You are the investor and the future owner of the properties; we are your team to help you get to a state of stabilization. While we can handle the dirty work, we'll still need your attention and focus on items throughout the process.
Unfortunately, this is not as easy as "Add to your cart". As a large investment, we want to get to know our clients well to ensure we are aligned on goals, financial situation, and timeline. During our first few calls, we'll work with you to ensure that we select the right buy box, source the right lenders, walk through the investment memorandum, pro forma, local partners that we have selected, and answer any and all questions.
Whether it is building from scratch or optimizing an existing portfolio, we are here for you. We'll be asking clients who plan to work with us to not only sign a buyer broker agreement for the deployment timeframe but to also put down a $15k retainer (that will be used towards the 1% acquisitions fee). We'll also spend time working closely with you to find a lender partner (unless the aligned strategy is all equity, then a future refinance)
Unless we are purchasing a bulk build-to-rent portfolio, the scattered site SFRs will be purchased over time with careful attention from our team paid to initial rent-up performance & seasonality. Our team will be underwriting new homes as they come available, offering on homes when they model out, and then hopefully securing the perfect asset to add to the portfolio as we work through due diligence on each transaction. The investor will be involved on each and every transaction, but our team will be sourcing/underwriting the deals.
As new homes make it through escrow and close, our team will then continue with our support during the rent-ready stage (i.e. renovations, punch out items, furnishing where appropriate, staging, cleaning, etc) before handing it off ready to go to the property management company.
As homes get handed off to the property management company and get rented up, the stabilization period will be vital. We'll also be prioritizing partnering with management companies who are professional and strong record keepers so your CPA has all the necessary info to maximize the tax benefits of owning real estate. With that being said, our team will be monitoring the performance of assets during the deployment timeframe and initial lease up to inform future purchases within the buy box.
Dakota Mivshek, eXp Realty
FL DRE: #SL3579723
CO DRE: TBD
TX DRE: #752807
Dane Christiansen
CO DRE: #ER.100072594
MN DRE: #40820407