Success Stories

815 Main Street
- Asset Class: office building
- Location: Multiple
- Purchased the property for $185,000
- Approximately 8,000 square foot office building
- Building has a good layout and is nicely positioned for people looking for small individual office spaces or smaller multi-office spaces. It was very dated and needed some significant work such as a new roof
- Building was only about 50% occupied
- Plan was to invest about $150,000 in improvements to make the property more desirable to small businesses
- Initial estimates were very high and we worked hard to manage the remodel ourselves and were able to do it for the $150,000
- The building was fully leased within about a year.
- The building value increased to $625,000 and so we then refinanced the property and took out over $200,000 in cash and used it toward the purchase of another property (Chateau Village)
- The return on our original $75,000 investment has been off the charts.
Chateau Village
- Asset Class: multifamily property
- Location: Austin, TX
- Purchased property in 2020 for $1.7 million
- 18-unit apartment building
- Building was fully occupied but was dated and the tenant population was somewhat rough
- Plan was to spend $10,000 to $15,000 per unit to upgrade the units to attract better quality tenants paying approximately an additional $200 per unit per month in rent
- After purchase we began renovating units and followed the business plan
- Over a two-year period, we have renovated almost all units and increased rent by approximately $400 per month per unit
- We spent approximately $200,000 in renovations and the property is worth about $3.0 million
- We will likely refinance the property early next year and take cash out to return the $700,000 to investors so they can invest in another property with us while still having the same ownership percentage in Chateau Village
