Projects

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Denver, CO

This was our first real estate investment, a duplex in Denver, CO.  We purchased it in January 2018 with 2 equity investors and have self-managed it since day one.  We inherited the tenants at takeover and learned some valuable lessons in property management along the way.  We've since turned both units over, partially renovated them, and placed new tenants through a much more robust screening process.  

Lakeland, FL

This 4-unit building was our first out of state purchase and we closed on it in May 2018 with 1 equity investor.  All 4 units were in need of renovations and were grossly under market rents.  Over the course of the 1st year of ownership, we steadily turned over each unit, completed renovations, placed new qualified tenants at full market rents and have increased gross income by 25%.  We just recently completed a refinance of the property, allowing us to cash out and return close to half of our partner's and our's initial investment.  The property is still cash-flowing and with more equity than we had at purchase, yet we only have half our initial investment left in the deal.

 Spring Hill, FL 

This building was our first jump into commercial leasing and was purchased in September 2018 with 1 equity partner.  Although the property itself is a single-family home, it has been outfitted for elderly care and leased to an assisted-living operator.  Since we are leasing to a business and not a residential tenant, commercial leasing and insurance rules apply.  This property has operated well from day one with very little capital expenditures or repairs, aside from a new AC system and dishwasher.  We believe the residential assisted-living concept is poised for extraordinary growth over the next decade and continue to target these type of properties and lease arrangements.

Lakeland, FL

 We purchased this property as a bank-owned foreclosure in March 2019.  It is a 3 bedroom, 2 bathroom single-family home in the historic district of Lakeland, FL.  The property needed about $18,000 in renovations including an all new A/C system, luxury vinyl plank flooring throughout, new light fixtures, stainless steel appliances, and fresh interior paint. On the exterior we added new siding and some bright colors to the front to add to the curb appeal.  This home rented quickly and continues to cash flow well in a vibrant, up and coming neighborhood.   

Winfield, KS

 This was our first true commercial property, purchased in January 2020.  It is an 18,000 sq. ft. rehabilitation facility in Winfield, KS.  We currently have a long-term triple net (NNN) lease in place with a strong, national tenant. As part of our business plan, we put close to $75,000 in needed renovations into the property including a silicone roof coating, new furnaces, new duct work, replacing some damaged drywall, and replacing the sidewalks/steps on the exterior of the building.   

This was our 2nd assisted living facility and 1st acquisition in the Phoenix metro area.  Our primary focus is always to establish and develop positive, long-term relationships with the assisted living owner/operators that we work with.  We acquired this property in May 2020 and have put over $40,000 into renovations to update the property and take care of some deferred maintenance issues.  We put in a brand new clay tile roof, replaced the front brick patio with stone to improve the curb appeal, and completely transformed the backyard into a more inviting outdoor space for residents.  We also put in a new AC unit, replaced all carpet with luxury vinyl plank flooring, added interior paint, and redid the master bathroom.  The tenant is an experienced assisted living operator who will be leasing the property on a long-term lease agreement.  

We acquired this home in Phoenix and converted it into a licensed 10-bed assisted living facility in January 2021.  Once licensed and fully occupied, we applied for an increase in the special use permit with City of Phoenix zoning that now allows for licensing as a 15-bed facility. The home currently has 13 bedrooms and 13 bathrooms, with planned expansion to 18 bedrooms and 18 bathrooms.  This provides a private bedroom and private bathroom for all residents of the home.  The tenant is leasing the property on a long-term lease with an option to purchase the property from us after year 3 of the lease agreement.  

This was our 2nd behavioral health facility that we purchased in April 2021.  We acquired the home as a licensed 5-bed facility and immediately retrofitted the property to accommodate licensing as a 10-bed facility.  This included restructuring the layout of the home, adding ADA-compliant bedrooms & bathrooms, adding a caregivers quarters, etc..  Our tenant is now licensed as a 10-bed behavioral health facility and operating the home at full capacity on a long-term lease.