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Wilshire Blvd

Location: Hamilton, Pascataway
72856 Shares Left
4.67
(3 reviews) Write a review
bed 4
bath 2
area 1774 Sqft
year 2024
$2,269,900 Purchase Price i This is your custom tooltip message!
$1,995 Rent / Mo i This is your custom tooltip message!
9.5% Anticipated Yield i This is your custom tooltip message!
High Investment Risk i This is your custom tooltip message!
9.3 / 10 Expert Rating i This is your custom tooltip message!
4.8 / 5.0 Review i This is your custom tooltip message!
$1000
About Seller
Customer 1 Customer 2 Customer 3
78% Rise in new investors investing our Assets
4.9 Expert Rating
31 Total Products
5k+ Trusted Customers
78% Return Customers
Total Revenue
$10,850.10
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Offering Details

Vendor transferred his property’s deed to a new LLC and is selling a portion of the LLC on the AskLego Marketplace. 

The property is the only asset owned by the LLC. 

The FOS (Fractional Ownership Share) represent direct ownership in the LLC that owns the property. Vendor will maintain atleast 10% ownership in the LLC indefinitely. 

View proof of Vendor ownership prior to the title transfer and proof of the title transfer. View the LLC Documents here

Common Questions
How Arrived works +

Arrived acquires rental properties into an LLC and sells shares in that LLC to the general public. Arrived then manages the day to day operations including finding tenants and completing repairs. Investors receive cash dividends from rental income each quarter and capture any property value appreciation.

What returns can I expect +

Investing in Arrived rental properties can deliver returns to investors in two different ways:

  • Expected dividends: From the rental income on each property; currently paid out to investors monthly.
  • Appreciation: From the change in property value that will be realized at the end of the investment hold period.
What to expect if my property is still seeking a tenant +

We are currently focused on marketing the rental homes to prospective tenants and will email you when a new lease has been signed. Arrived's strategy for seeking tenants is focused on signing 2 year leases, achieving market rent, and thoroughly vetting applicants. Though it may take a bit more time to lease out the homes, we believe these standards provide our investors the best way to maximize returns over the long term.

Diversification +

With real estate, it can be beneficial to invest in multiple properties and markets to achieve portfolio diversification. Diversifying your portfolio can be a good way to reduce exposure to risk from an individual property, tenant, or market forces.

Investing horizon & liquidity +

Currently investors will need to plan to hold their shares for the full investment period until the property is sold and investors are paid their proportional proceeds from the sale. We anticipate establishing a mechanism to facilitate secondary trading in accordance with the rules and regulations of the U.S. Securities & Exchange Commission (SEC) as an option for liquidity during the investment period, however there can be no guarantee when that will be available. Please submit your email if you would like to be notified of future developments.

Arrived strives to give investors the opportunity to build wealth through real estate. Historically, real estate returns have been maximized when treated as a long-term investment over multiple years. Arrived property offerings typically have a 5 year minimum investment period before a property would be sold.

Disclaimer +

There is currently no public trading market for our Interests, and an active market may not develop or be sustained. There is no guarantee that appropriate regulatory approval to permit such secondary trading will ever be obtained. If an active public trading market for our securities does not develop or is not sustained, it may be difficult or impossible for you to resell your shares at any price before the end of the investment period. Even if a public market does develop, the market price could decline below the amount you paid for your shares, and there may be fees involved. Please refer to our offering circular for more details regarding potential distributions.

+
Wilshire Blvd
72856 Shares Left
4.67
(3 reviews) Write a review

About the Property

Single Family Home located in Lubbock, TX.

Offering Details

  • Austin Hughes, with Thunder Sun Homes, transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
  • Tokens represent direct ownership in the LLC that owns the property. Austin will maintain at least 10% ownership in the LLC indefinitely.
  • View proof of Austin's ownership prior to the title transfer and proof of title transfer here. View the LLC documents here.

Property Details

  • Discover a prime investment opportunity in the heart of Northwest Lubbock, TX. This exquisite single-family home, nestled within a secure gated community, offers the perfect blend of luxury, comfort, and stability—making it a standout choice for savvy investors.
  • Spacious Living: With 3 bedrooms, 2.5 baths, and an expansive 2,574 sq. ft., this home boasts an open floor plan, high ceilings, and abundant natural light.
  • Modern Amenities: Built in 2020 and meticulously maintained, the property features an office, a 2-car garage, and impeccable curb appeal.
  • Tenant-Occupied: Enjoy immediate rental income with reliable tenants currently paying $3,000 per month.
  • Why Invest with Austin & Thunder Sun Homes?
    • With a proven track record of managing 532 rental units, including houses, duplexes, multifamily properties, and mobile home parks, Thunder Sun Homes is a trusted name in the real estate market. Our core value of "treating people like gold" ensures exceptional tenant relationships and high retention rates, leading to consistent returns for investors.
    • Professional Management By the Owner: Our dedicated team at Thunder Sun Homes will manage this property with the utmost care and professionalism, ensuring it remains in top condition and continues to attract quality tenants. We are committed to maintain ownership AND management of this property, as we know that nobody will care for a property as much as we will.
  • Invest in a property that not only offers luxury living but also promises stable and impressive returns. Join the ranks of discerning investors who trust Thunder Sun Homes to deliver outstanding results.
  • Don't miss this exceptional opportunity to invest in one of Lubbock's finest rental properties.

More About the Seller

  • Born in Lubbock, TX, and raised in Houston, Austin Hughes has always been driven by a passion for self-improvement and excellence, both in academics and sports. In 2012, Austin returned to Lubbock to attend Texas Tech University, where his dedication to real estate investing began to take shape. Studying real estate extensively outside the regular curriculum, he founded Thunder Sun Homes during his senior year in September 2015.
  • Since its inception, Thunder Sun Homes has flourished under Austin's leadership. With over 100 properties flipped and a growing portfolio exceeding 500 rental units and notes receivable, the company has become a powerhouse in the real estate industry. As CEO, Austin oversees the financial operations, supported by a skilled team that includes an operations manager, construction project manager, marketing specialist, transaction coordinator, full property management team, and an acquisitions team.
  • One of Thunder Sun Homes' greatest strengths is its versatility in handling various types of remodels and investment strategies. From flipping and renting to owner financing and vacation rentals, the company maximizes every investment opportunity. Austin firmly believes that having a multitude of options is key to holding power in the real estate market.
  • In addition to his business achievements, Austin is dedicated to fostering a strong community of real estate investors locally. He does this through the monthly Lubbock REI Group that he hosts. This event offers education and networking opportunities, where Austin shares the strategies and tactics that have propelled him to success.
  • Outside of real estate, Austin enjoys jiu jitsu, playing piano, and singing in the worship band at church. With a consistent weightlifting routine spanning 15 years and a competitive spirit in judo, having twice won bronze medals at the state championships, he brings the same dedication to his personal pursuits as he does to his professional ones. A passionate cook and food enthusiast, Austin approaches every challenge with zeal and determination, aiming to leave a lasting legacy.
  • Join Austin Hughes and Thunder Sun Homes in transforming real estate investments into lucrative opportunities. With a proven track record and a dynamic approach, Austin is committed to helping investors achieve exceptional returns.

Property Management and Insurance

  • Managed by the seller, Austin Hughes, with Thunder Sun Homes
  • Property Management Agreement
  • Per the seller, Austin, the property management fee will be set at 30% of the rental income. This fee structure is designed to help the property owner make debt service payments while still providing excellent yields to investors. By ensuring that the property manager has the necessary resources to effectively manage the property, they are able to bring high-quality properties like this to the Lofty marketplace and ensure their long-term success. The management fee drops to 10% of gross rental income once the loan is paid off in full. View additional terms in the Property Management Agreement above regarding the Property Manager removal criteria.
  • Insurance Policy from Allstate.

Property Leverage

  • This property has a loan balance of $344,100. View the loan documents here
  • As the seller, Austin Hughes pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Occupancy Status

Location Data

  • "A" Rating for Zip Code on Niche

Top Features

Brand:
Alliance Residential
Location:
Hamilton, Pascataway
Investment Strategy Hypothetical Returns

Single Family Residential

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Investing with Arrived can generate returns in 2 ways:
  1. Annual cash flow from the rental income on each property. The property intends to pay out excess cash to investors monthly.
  2. Annual appreciation returns from any changes in property value. Any appreciation returns net of disposition costs will be paid out upon the sale of the property.
Anticipated Annual Cash Flow


Annual Rent
$26,340
Operating, Financing, Legal & Management Expenses
$9,584



Cash Flow / Dividend
$16,756



Raise Amount
$398,950

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