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OUR STRATEGY
Phase 1: Filtering in
Before looking at the financials and starting the Due Diligence we check deal breakers such as:
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Unit size to mitigate occupancy risk
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Occupancy data greater than 90%
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Build year to minimize deferred maintenance
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Major structural aspects such as: electrical, plumbing, roofs, and foundation.
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Market: Ensuring there is a trending population growth, employment, and demand for renters.
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Livelihood: great school ratings, low poverty, crime rate, medium income, job diversity
Phase 2: Financial Due Diligence
Alexa Young, Product Manager
We conduct a thorough underwriting process, diving deep into the financials of the property. This includes analyzing the last year of profits and losses, obtaining insurance and mortgage quotes, and reviewing rent and leasing information. Our goal is to ensure we have a comprehensive understanding of the property's financial health before moving forward.
Phase 3: Offer Letter & Close
In this phase, we offer a price based on the underwriting that meats our return metrics. Along with, contingencies on the properties physical health and verifications of financial documents. We then begin to start the closing process, and share every step of the way with our investors!
Ways we add-value
As we acquire B and C class properties, our goal is to add-value to them, as a means to build equity.
