(updated 1.16.24)
Doorway Properties Fund Statistics
Opened: 12/2022
Total Property Value: $26,230,2881
Loans Payable: $12,353,360.50
Capital Invested: $10,383,693.45
Net Equity: $3,493,234.05
Net Income: $638,088.67
Principal Paid: $193,381.96
• Completed over 3,500 real estate deals since 2006.
• Experience doing this lease purchase strategy since 2014.
• Purchased over 250 million in real estate here in St. Louis.
Cash on Cash: 6.85% YTD
Average Interest Rates: 5.76% 30 year fixed
Investment Period: End of 2028
Projected Internal Rate of Return Target: 13 – 14.9%
Fund will be closed to new investors by March 31, 2024.
The Opportunity
Houses have been underbuilt by 5.5 million houses from 2012 to 2021 (source: NAR). A study by Harvard states an additional 21.7 million houses are needed through 2038. This housing shortage has created an incredible buy and hold opportunity in single family houses.
What Do We Do?
We offer lease purchase contracts to our tenants to become homeowners instead of renters. This puts us in the position of a lender, and the tenants in the position of a homeowner:
• Tenants pay us 3.5 to 10% down prior to moving in.
• They are responsible for all repairs, maintenance, taxes and insurance.
Properties put in fund are turnkey:
• Occupied
• Cash Flowing
• Pre – Sold to Tenant Buyer with Lease Purchase Contract
• Average price point: $257,613
This gives us higher returns and lower risk than a traditional landlord. It also gives us the ability to buy properties at higher price points and quality school districts than the typical landlord.
Our Experience
• Completed over 3,500 real estate deals since 2006.
• Experience doing this lease purchase strategy since 2014.
• Purchased over 250 million in real estate here in St. Louis.
Where Is This Going?
An organization has already scaled this lease purchase niche nationally. It ultimately sold for $6 billion in 2021.
We are looking for the right partners to help us grow from a multi-million dollar organization to a billion-dollar organization.
Our team is ready to execute with the right capital partners in place.
An organization has already scaled this lease purchase niche nationally. It ultimately sold for $6 billion in 2021.
We are looking for the right partners to help us grow from a multi-million dollar organization to a billion-dollar organization.
Our team is ready to execute with the right capital partners in place.
The testimonials, statements, and opinions presented are applicable to the individuals listed. Results will vary and may not be representative of the experience of others. The testimonials are voluntarily provided and are not paid, nor were they provided with free products, services, or any benefits in exchange for said statements. The testimonials are representative of client experience, but the exact results and experience will be unique and individual to each client.
All offers and sales of any securities will be made only to Accredited Investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds or hold certain SEC approved certifications. Any securities that are offered, are offered in reliance on certain exemptions from the registration requirements of the Securities Act of 1933 (primarily Rule 506C of Regulation D and/or Section 4(a)(2) of the Act) and are not required to comply with specific disclosure requirements that apply to registrations under the Act.
The SEC has not passed upon the merits of, or given its approval to any securities offered by Doorway Properties LP, the terms of the offering, or the accuracy of completeness of any offering materials. Any securities that are offered by Doorway Properties LP are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell any securities offered by Doorway Properties LP. Investing in securities involves risk, and investors should be able to bear the loss of their investment. Any securities offered by Doorway Properties LP are not subject to the protections of the Investment Company Act.
Any performance data shared by Doorway Properties LP represents past performance and past performance does not guarantee future results. Neither Doorway Properties LP nor any of its funds are required by law to follow any standard methodology when calculating and representing performance data and the performance of any such funds may not be directly comparable to the performance of other private or registered funds.