Offerings are available only for Accredited Investors according to the definition proposed by your state of residence. States where we have completed the research include:
- Texas
How are the properties managed?
What is a Working class rental?
- We use several indicators to help us determine areas that we deem as “Walmart class”
- We pay attention specifically to
- Unemployed (we like to see less than 5%)
- Percentage Below Poverty Level (we like to see less than 15%)
- Walmart
- We do not go into markets that do not have a Walmart within 10 miles
- Walmart will make sure there is economic activity in an area, so, we piggy-back off of their market research
- We only acquire performing properties that meet a 30% gross yield
- Yield paid monthly to investor
- Depreciation benefits
- Upside appreciation potential
- Sample properties next page
- Accredited investors only
Example Properties
-
1100 Owings
Denison, TX 750202 bedroom / 1 bathroom
Rented for $650 / month
3.3% Unemployment*
12.6% Below Poverty Line*
*zipskinny.com demographics -
509 Rice
Denison, TX 750202 bedroom / 1 bathroom
Rented for $595 / month
3.3% Unemployment*
12.6% Below Poverty Line*
*zipskinny.com demographics -
NOT A Working class rental
While we would all love for our rent houses to look like this AND they meet the ZipSkinny and Walmart criteria, they can not be purchased at a price that gives any level of significant ROI.
Example Zipcode: 75025
1.9% Unemployed
2.3% Below Poverty Line
Purchase price – $130,000
Rent $1200 – Gross yield – 11%
— tough to manage and make any money -
NOT A Working class rental
While many homes can be purchased cheaply, they DO NOT meet the ZipSkinny and Walmart criteria.
Example zipcode: 75215
11% Unemployed
44% Below Poverty Line
Please feel free to review the following documents from our Data Room:
Offering Circular/Private Placement Memorandum
Texas Certificate of Filing – Limited Partnership
IRS Tax ID Filing – Limited Partnership
Texas Certificate of Filing – General Partner
IRS Tax ID Filing – General Partner
General Partner Operating Agreement