Fourth Quarter
2021 Report

Problem

A shortage in supply
of workforce housing

solution

Increase supply by purchasing and renovating distressed homes to meet demand

Progress Report

107
PROPERTIES purchased
27
PROPERTIES UNDER
CONTRACT
$13M
capital raised

Since November 2020

New Technology

Our proprietary database fed by the MLS is live and working in San Antonio, Houston, Dallas, and Fort Worth.

We have sent out over 500 offers using this system in all markets.

To date we have closed on 13 properties through this system.

Video Summary

Deal by the Numbers

show me a typical deal

4720 Needle Leaf, Duncanville, TX (Dallas)

buy
$123,000
REHAB + CARRY
$50,792
TOTAL COST
$173,792
MARKET VALUE
$195,000
before
after

$1,550

LEASED

1.45x

RETURN ON EQUITY
(unrealized)

12.4%

CASH ON CASH

How We Build: Announcing our New Hires

NATHAN VAIL
Construction Supervisor
JUSTIN PAONE
Construction Supervisor, Licensed Home Inspector
JACQUELINE SPRADLING
Licensed Transaction Coordinator

We Negotiated

14 Unit Portfolio in HoustonThis portfolio was listed for $2.3M, fully leased. We negotiated it down to $1.88M, but our number needed to be $1.82M. The seller would not accept $1.82M. Three weeks later, the seller came back to us and asked if we could close at $1.85M. We said our number was still $1.82M, and they agreed to go under contract with us.

10 Unit Portfolio in HoustonAnother fully leased portfolio.

8 properties under contract in Dallas / Fort Worth

Property Highlights

Before and after of our latest projects
703 FAY ST
SAN ANTONIO, TX 78211
before
after
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1109 N. 17TH ST
TEMPLE, Tx 76501
before
after
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2003 AMELIA
HOUSTON, Tx 77520
before
after
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4720 NEEDLE LEAF
DUNCANVILLE, Tx 75236
before
after
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14419 QUENTION DR
HOUSTON, Tx 77045
before
after
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Goals for the 1st Quarter

Goal 1

Finish Raising Capital

Goal 2

Prepare for Upcoming Foreclosures

Portfolio Summary & Financials

Investment Team

LEON GREEN
President, CPA
JOHN HOLLAND
Head of Acquisitions
BURTON HANSON
Senior Vice President
DARRYL CLARK
Director of Construction Management