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Acquisition Criteria
We are not passive investors. Therefore we are not
interested in properties that are beautiful, and leased at market
rents. Our strategy is to solve problems. We are
interested in turn around properties, which are undervalued and can be
purchased below replacement cost. The properties should be
those were we can assume "risks" and create value by
mitigating those risks.
We like to buy Apartment Complexes,
Manufactured Home Communities, and Mini Storage properties that are
valued under $2,000,000. We will purchase properties
outside this price range depending upon the properties specific
characteristics. Our
preference is to stay within the State of Texas, but will not exclude
properties outside the state. We can
bring new capital to the property and can close on properties extremely
fast (in less than one month if the property warrants that kind of
speed). We are open to purchase
problem properties and not afraid to think creatively about a property! |
