Although we usually focus on DFW multifamily deals, sometimes, the market provides good opportunities in other areas.  MBP Capital, Inc. believes that Majestic Realty Services is in a good position to take advantage of a current opportunity.  The below is an investment opportunity for an Accredited Investor. 

Majestic Realty Services in Dallas, Texas, is putting together a partnership for the purpose of purchasing undervalued single family homes and duplexes in Dallas.  Majestic believes that in the current economic environment there are great opportunities to purchase undervalued single family homes and duplexes at 60% to 75% percent of their fair market value.  Most of these homes will require some rehab work, but even after the rehab work is completed, Majestic expects the basis in the individual properties to still be 70% to 80% of their improved value.

After the homes are repaired, Majestic will rent them out and hold them until the housing market is stabilized and they can be sold for a profit.  Majestic expects the holding period to be about five years.  If houses are sold along the way, the proceeds will be either re-invested or paid out to the partners depending on the housing market at the time of the sale.

A preferred return of 10% per annum is paid quarterly to all partners.  Any profits after the 10% preferred return and return of the original investment to the partners, will be split 50/50 with the General Partner.  If the return is less than 10% in any quarter, the shortfall will be accrued to future months to be paid out as profits allow. 

Expectations - Majestic expects a 12 to 18 month window for the acquisition of these properties.  Each property will most likely be held for 48-60 months, and liquidated with an overall return of 15-18% per annum.

 If you have an interest in learning more about this opportunity, please click here, fill out the attached form and fax it to 214-580-9523.  Someone will contact you shortly.

 To learn more about Majestic Realty, please click here.