FAQs
What is the minimum investment amount? The typical minimum investment amount for a limited partner position is $50,000.
What fees does Unite Residential Charge? Most deals will be a 80/20 straight split on the profit only (not the equity you invest). 80% going to the limited partners, 20% to the general partners. A 2% asset management fee and 2% acquisition fee will also be charged. However, fees may change on a deal by deal basis depending on the scope of the project and other general partners involved in that decision.
How do you find these deals? Almost all deals are found through commercial brokers. It is customary to always go through a broker on 50+ unit deals if you want to keep getting high level deal flow. Going direct to seller on these types of assets is an easy way to burn your reputation in the industry. The assets of this size and class are a select few and a handful of brokers control around 90% of the inventory. It is in your best long term interest to always include a broker in the transaction.
What returns can I expect to get? All advertised returns are projections and are not guarantees. What we try to target is doubling the investors initial investment in a 5 year period.
How can I invest? 1. Schedule a call with Noah. This is required for us to send you deals. 2. When Unite Residential gets a deal under contract, they will notify everyone on the list with a webinar invite. 3. Instructions to invest will be given during and after the webinar.
Can I invest through my IRA / 401K? Yes as long as your custodian allows you to self-direct. See IRA tab on the main menu to see further details.
How long are the hold periods on these deals? Usually 3-5 year for a capital event such as a sale or refinance. Our ideal situation would be to refinance the deal, return investor's initial investment and hold the asset forever. Investors would still maintain their same equity split.
Once I invest, can I get my money out? Real estate is an illiquid asset. Only invest if you are willing to have your money in the deal until a capital event.
How does this compare to a REIT? REIT's don't give you tax benefits, REIT's are heavily layered in fees and the real estate is usually bought at a high premium due to them buying massive portfolios, you rarely know the particular assets you're buying in a REIT.
How long has Unite Residentail been in business? Noah has been personally investing in apartments since 2019. Unite Residential LLC was officially established June 2023.
How often will I receive cash flow distributions? Most deals will be quarterly cash flow distributions. If it is a HUD loan, it's required that cash flow distributions can only be distributed semi-annually.
What are the risks involved? All investments have risks including the investments through Unite Residential. There is no guarentee of the safety or returns we can get, only our judgement. Risks involve losing partial or all of your investment. Many factors are out of our control. It is our job to put all of the controllables in our favor. We choose deals that are in prime locations in the United States, low crime, high populationa and job growth, and we do our best to secure long term fixed rate debt in case we need to ride out any economic storms. The assets we choose are large enough to utilize economies of scale. In addition, we set aside substancial reserves held in liquid assets in case of emergency. In our underwriting, we analyze the deal and put it through a stress test of a past recession. The deal must be able to survive this environment with a significant margin of safety before we look at the returns we can get.
How do I keep up with the deal once I invest? You will receive monthly reports that include a write up of the deal, how the business plan is progressing and copies of all the financials.
What tax benefits do I receive? You will receive the depreciation that goes along with owning real estate. If there is bonus depreciation and a cost segregation study, you will receive depreciation for that too. Consult your CPA for whether you can use these tax deductions towards your active income or towards accumulated passive losses. Both forms are beneficial in their own way.
Can I invest if I'm not a US citizen? At the time of writing, you can if you are an accredited investor and we think it would be an easy process for all parties involved.
What tax documents will I receive? You will receive a K-1 which will detail each partner's share of their taxable income/loss from the property. The share of the investor's depreciation will be shown on this document.
Why do I need to have a phone call to invest? Most of the transactions Unite Residential LLC does are structured as a Regulation D 506b offering through the SEC. It is required by the SEC to have a pre-existing relationship with the investor. A qualifying phone call is one way to do this.
Can I invest my 1031 funds into a syndication? Yes, but it requires a process that takes sometimes 90 days with a special entity structure. We can do it if the 1031 investment amount is close to $1,000,000 or more and we are notified at the very beginning stages of the deal or prior. This is our policy because we would have to offer the seller potentially less favorable terms with a longer closing due to the time it takes to process the 1031.
How can you contact Unite Residential? Email noah at Noah@UniteResidential.com, ncnavery@gmail.com or schedule a call at the "Get Started" button below.
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