We are seeking investors to help fund our business model of acquiring 200-1,000 homes in the Inland Empire of California. Within the next 18-30 months our investment window in Southern California will close, without a solid funding source we will not meet our goals.
We need funding that will allow us to purchase residential real estate that meets our strict return qualifications. We are presently purchasing one to two homes a month with our own capital and expect to be fully invested by the end of the year with 15-20 homes in our inventory. Our goal is to increase our volume to 5-10 homes a month by 2010.
Summary:
- REO and Distressed single family homes in the Inland Empire of California.
- With over 19 years experience in real estate and in the Inland Empire market we are poised to take full advantage of the cyclical Southern California real estate market.
- We are currently purchasing homes that realize cap rates in the teens with cash on cash rates of return in the high teens to 25%.
- We have the resources in place to take a property from trashed to quality rental in record time.
I know I know, Madoff here we come, these are real returns backed with real property, everything we all want without the Ponzi.
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Is that return based on appreciation or just cash flow? What is your holding period to achieve the return? My experience is that the return before sale is much more modest.