Open Door Capital Reviews

Open Door Capital Reviews

Open Door Capital offers different ways for people to invest, helping people make wise decisions when investing in properties such as mobile home communities, apartment complexes, and self-storage facilities.  It is putting money into specific properties or spreading it out across various funds.

When you invest with them, you will become a part owner of the company that owns these properties and get to share in the profits they make. It lets investors directly benefit from how well the real estate assets in the portfolio do.

Let us take a closer look with this review at how Open Door Capital works and what they offer.

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Founders

Brandon Turner

Open Door Capital Reviews

Brandon Turner‘s journey into real estate started right after he finished college with a degree in History. He gave law school a shot but quickly realized it was not his thing. That is when he turned his attention to real estate. His first move was buying a single-family house, renting out some rooms, and eventually selling it for a cool $20,000 profit. That is when he got hooked on real estate investing, and there was no turning back.

Now, Brandon is the big boss over at Open Door Capital which is a pretty well-known real estate investment firm. He is also a big-shot author in the real estate world, with over a million copies of his books flying off the shelves. People look up to him as a real estate guru because he has been crushing it for the past decade, making smart investments in things like apartments and mobile home communities. Also, let us not forget his gig as the former host of the BiggerPockets podcast, which is a real estate podcast with over 100 million downloads worldwide.

Brian Murray

Open Door Capital Reviews

Brian Murray is the co-founder of Open Door Capital and he is the real estate guru you want in your corner. He is known far and wide as one of the top dogs when it comes to multifamily real estate investing. His books, “Crushing It in Apartments and Commercial Real Estate” and “The Multifamily Millionaire, Volumes I & II,” have become must-reads for anyone looking to dive into the real estate game. In addition, he has over 8,000 units of multifamily properties under his belt.

Brian, the guy who started Washington Street Properties, pulled off something pretty impressive when his company got listed on the Inc. 500|5000 list for five years straight. His strong leadership and smart ideas were major reasons why Washington Street Properties grew and did so well. Plus, in 2015, Brian got a big honor when he won the Gold Stevie Award for Executive of the Year, showing just how much, he’s contributed to the real estate world and what a great leader he is.

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What is Open Door Capital?

Open Door Capital Reviews

Open Door Capital is a real estate firm. They focus on buying different kinds of properties like mobile home parks, apartments, and storage units. They claim to only buy properties that meet their strict standards. After they snatch up these properties, they keep a close eye on them to make sure everything runs smoothly and efficiently. And when they make money, so do the investors.

You can hop on board with Open Door Capital’s investment either through specific property deals or by joining their mixed bag of funds. These options span across various real estate goodies like mobile home communities, apartments, and storage spots. When you buy shares in these deals, you become part owner of the company that owns these properties.

Current Offering

Fund 11: A CashGrowth+™ Fund

Fund 11 is Open Door Capital’s newest CashGrowth+™ Fund. Its goal is to increase cash flow in the first year while also aiming for big equity growth over the long haul, even when the market is changing. And they are rolling out a special Platinum Share class for the first time. With this, interested investors get 85% of the profits above the 8% preferred return, but there is limited availability. 

They are also bringing back Holding Interest, which means you can earn up to 3.5% until the fund is all used up. The plan for this fund is to get 4-7 mobile home communities and/or self-storage spots, hang onto them for 5-10 years, and throw in a bit of debt fund action to boost cash flow early on. 

Then, when the time is right, sell after adding tons of value—mostly by filling up those spaces, improving how they are run, sorting out utility payments, and hiking up the rents. They think mobile home parks and self-storage spots are gold right now, giving solid cash flow even when times get tough.

Essential Details:

Hold Period: 5-10+ Years

506(c) Requirement: Accredited Investor status is necessary.

Class A (Platinum):

    • Investment Amount: $500,000+
    • Profit Split Above 8% Pref.: 85% LP / 15% GP

Class B (Enhanced):

    • Investment Amount: $200,000+
    • Profit Split Above 8% Pref.: 80% LP / 20% GP

Class C (Standard):

    • Investment Amount: $100,000+
    • Profit Split Above 8% Pref.: 70% LP / 30% GP

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Past Offerings

Fund 5

Fund 5 is about getting cash flowing right away and making sure they are set up for success as the market shifts. The plan was to grab hold of 5-10 mobile home parks in different areas, hang onto them for 5-10 years, and then sell them after they had boosted their value.

Essential Details:

    • Accredited Investors
    • 506(C) REG D
    • Minimum Investment: $100,000
    • Hold Period: 5-10 Years
    • Class A Cumulative Preferred Return: 12%
    • Class A Profit Split Above Preferred Return: None
    • Class B Cumulative Preferred Return: 7%
    • Class B Targeted AAR*: 14-20%
    • Class B Profit Split Above Preferred Return: 70 LP/30 GP
    • Class B Profit Split After 15% LP IRR: 50 LP/50 GP

Fund 6

Fund 6 aims to buy 5-10 mobile home parks in different areas, hanging onto them for 5-10 years before selling. The plan is to boost their value by filling up more spaces, managing them better, charging back utilities, and hiking up rents.

Essential Details:

    • Accredited Investors
    • 506(C) REG D
    • Minimum Investment: $100,000
    • Hold Period: 5-10 Years
    • Class A Cumulative Preferred Return: 10%
    • Class A Profit Split Above Preferred Return: None
    • Class B Cumulative Preferred Return: 7%
    • Class B Targeted AAR* (Average Annual Return): 14-20%
    • Class B Profit Split Above Preferred Return: 70 LP/30 GP
    • Class B Profit Split After 15% LP IRR: 50 LP/50 GP

Heights on Katy

Heights on Katy is a top-notch 387-unit apartment complex nestled in a prime spot in Houston, TX. Despite being a Class A property built back in 2005, it’s still got plenty of room for improvement. With some smart tweaks like unit upgrades, bumping up rents, and seizing extra income opportunities, we see some serious potential for growth in this hot Houston submarket.

Essential Details:

    • Accredited Investors
    • 506(C) REG D
    • $75,000 MINIMUM INVESTMENT
    • Hold Period: 5-10 Years
    • Class A Cumulative Preferred Return: 11%
    • Class A Profit Split Above Preferred Return: None
    • Class B Cumulative Preferred Return: 7%
    • Class B Profit Split Above Preferred Return: 70 LP/30 GP
    • Class B Profit Split After 15% LP IRR: 50 LP/50 GP
    • Class B Targeted AAR*: 13-18%

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Sunbelt Diversified Portfolio

The Sunbelt Diversified Portfolio packs a punch with three top-notch properties totaling 508 units in hot spots like Austin, Texas; Atlanta, Georgia; and Daytona, Florida. These places are buzzing with people and economic opportunities. Each property brings its own flavor to the mix, with unique market vibes, building ages, and profit potentials, making sure they have their eggs in different baskets.

Essential Details:

    • Targeted Average Annual Return: 13-18%+
    • Targeted Average Annual Cash-on-Cash (COC) Return: 7-9%+
    • Cumulative Preferred Return: 7%
    • 506(c) Regulation D
    • Accredited Investors
    • Profit Split Above Preferred Return: 70% LP/30% GP
    • Minimum Investment: $100,000
    • Profit Split Above 15% LP Internal Rate of Return (IRR): 50% LP/50% GP
    • Hold Period: 5-7 Years

Array Apartments 

Array Apartments in Austin, TX is sitting pretty amidst a surge in population and job opportunities, drawing folks in from all corners. This bustling activity is driving up demand for multifamily properties in Austin, and Array’s spot in the Southeast Central submarket is one of the hottest places in town for folks looking to invest in commercial real estate.

Essential Details:

    • Targeted Average Annual Return (Class B): 17-22%
    • Targeted Average Annual Cash-on-Cash Return (Class B): 7-9%
    • Cumulative Preferred Return (Class A): 10%
    • Cumulative Preferred Return (Class B): 8%
    • Profit Split Above Preferred Return (Class A): None
    • Profit Split Above Preferred Return (Class B): 70 LP / 30 GP
    • 506(c) Reg D: Accredited Investors
    • Profit Split Above 15% LP Internal Rate of Return (IRR) (Class B): 50 LP / 50 GP
    • Minimum Investment: $100,000
    • Hold Period: 5-10 Years

You can find their previous offerings listed on their official website.

Conclusion

The folks at Open Door Capital bring a wealth of experience to the table, especially Brandon, who’s pretty well-known in the real estate game. Plus, they have ownership of thousands of multi-family real estate units under their belt. However, their deals aren’t open to just anyone. You have to be an accredited investor to get in on the action. In addition, initial investment required is pretty hefty too.

Before leaving…

If you are serious about starting your own online business, I highly recommend you to check out my #1 recommendation.

This is simply the BEST business to start right now and it made me $30,391 in the last month alone.(*and sky’s the limit*)

Go here to start leasing leads to small business owners and become a digital landlord

 Best Business To Start >>