Real Income Properties Texas I, LLC
Partner with us as we acquire discounted properties in high growth parts of North Texas, renovate with luxury finishes, and lease to high-income professionals moving to the area. The Texas job growth rate continues to increase at a faster rate than the rest of the nation, adding an astounding 251,000 jobs last year. North Texas exceeded 8 million residents during the pandemic, and is slated to replace Chicago as the 3rd largest U.S. metro in the 2030s and the largest in the United States by 2100. The region grew by more than 155,000 residents last year and 21 cities experienced estimated population growth of more than 10% during the pandemic. Builders have had a difficult time keeping up with demand due to pandemic related shutdowns and subsequent supply chain disruptions. There was less than 1 single family building permit being issued for every 5 jobs created in 2022. Strong migration coupled with low housing supply has contributed to a housing shortage of more than 85,000 homes, and build permits were down 34% in end of 2022.*
Details
North Texas Becoming Global Tech Hub
More big tech jobs are on the way. The US Senate approved $52 billion in subsidies for companies to build semiconductors in America. Many companies are choosing North Texas for their operations, so job growth is expected to explode.
Grow Developments, LLC has partnered with NTX Res LLC to create Real Income Properties Texas I, a single family rental fund that will acquire, renovate and lease single family homes in these high growth areas north of DFW.
The properties will be updated with luxury finishes to attract the many high-paid professionals flocking to the area.
NTX Res LLC offers vertical integration of acquisitions, renovations and management through OmniKey Property Management. Omnikey has been helping RealWealth members acquire and manage investment properties for over a decade, so Kathy Fettke has over 10 years experience working with them.
The fund, Real Income Properties Texas, LLC will be a more passive way to invest in the Dallas area. We are excited to offer this diversified single family fund that offers built-in equity, cash flow, tax benefits and a very good chance of appreciation.
Click Here for Documents
Minimum Investment
$50,000
Profit Split
Investors 75%, Manager 25%
Accredited Investors Only
506C
Hold Time
3-7 years
Webinar #1: Video About the Market
Webinar #2: Video with Fund Details
Webinar #3: Q&A Webinar
Webinar #4: Q&A Webinar
Webinar #5: November 17, 2022
Webinar #6: January 31, 2023
Webinar #7: May 4, 2023
Webinar #8: Latest Acquisitions in the North Texas Rental Fund
Webinar #9: September 18, 2023
How to Invest
Detailed requirements for investment are set forth in the Private Placement Memorandum and Subscription Booklet. (see document tab below)
Below are highlights of the steps to follow:
1. This fund is for Accredited investors only. Please see review the SEC website for the current definition.
2. This investment is offered under Reg D 506(c). This means US Investors will be asked to prove your accreditation status by either uploading a letter stating you are accredited, signed by a 3rd party qualified financial professional or obtain your approval through a pre-approved verification services such as www.verifyinvestor.com. For more information on how to obtain verification see the Subscription Booklet & FAQ page (see document tab).
3. Read the Private Placement Memorandum, Operating Agreement, Subscription Booklet and all Attachments.
4. If you have any questions about the PPM or the webinars, reach out to [email protected]
5. When you are ready to invest, click the blue "Invest Now" button. Fill out and sign all necessary documents in the Subscription Booklet including the Subscription Agreement, W9 and final instructions. Upload your Accreditation letter and Photo ID Documentation.
Please note: if you are a Non-Us Investor please contact [email protected] for appropriate Subscription Documents.
Please note: If you are from New York, the Blue Sky filing requirements are more expensive and will require a minimum number of investors from NY to make it financially viable for the fund. Thank you for understanding.
2. This investment is offered under Reg D 506(c). This means US Investors will be asked to prove your accreditation status by either uploading a letter stating you are accredited, signed by a 3rd party qualified financial professional or obtain your approval through a pre-approved verification services such as www.verifyinvestor.com. For more information on how to obtain verification see the Subscription Booklet & FAQ page (see document tab).
3. Read the Private Placement Memorandum, Operating Agreement, Subscription Booklet and all Attachments.
4. If you have any questions about the PPM or the webinars, reach out to [email protected]
5. When you are ready to invest, click the blue "Invest Now" button. Fill out and sign all necessary documents in the Subscription Booklet including the Subscription Agreement, W9 and final instructions. Upload your Accreditation letter and Photo ID Documentation.
Please note: if you are a Non-Us Investor please contact [email protected] for appropriate Subscription Documents.
Please note: If you are from New York, the Blue Sky filing requirements are more expensive and will require a minimum number of investors from NY to make it financially viable for the fund. Thank you for understanding.
6. Once your Accreditation and Subscription packet is approved, you will receive instructions to fund your investment to secure your spot. Wire instructions will be provided.
7. You will receive confirmation of receipt of funds and once the Minimum Offering amount is achieved, you will receive your acceptance as a Member of the Company.
8. Going forward, you will receive periodic reports on the status of your investment.
*Sources for statistics: www.wfaa.com, Texas A&M US Censes, www.TheDallasMorningNews.com, Dallas Regional Chamber.
This is not an offer to sell nor a solicitation of an offer to purchase securities. The offer is only made through the Private Placement Memorandum (PPM.) The strategies mentioned in the presentations may not be appropriate for everyone. Consult your personal tax advisor and/or attorney to discuss your specific situation. Past performance is no guarantee of future results. Real estate purchases are subject to investment risks, including the possible loss of amounts invested.
The targets above are intended for illustrative purposes only to facilitate analysis and are not guaranteed by Sponsors as there are no assurances these targets will be met. These targets are based on past rental fund performances, and past experiences of the Sponsors in the rental space. Sponsors make no representations or warranties that any investor will, or is likely to, attain the targets shown above since hypothetical or simulated performance is not an indicator or assurance of uture results. Please review the Risk Factors in the PPM.
All offers and sales of any securities within the PPM 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 Real Income Properties Texas I, LLC, the terms of the offering, or the accuracy of completeness of any offering materials. Any securities that are offered by Real Income Properties Texas I, LLC are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell any securities offered by Real Income Properties Texas I, LLC.
Investing in securities involves risk, and investors should be able to bear the loss of their investment. Any securities offered by Real Income Properties Texas I, LLC are not subject to the protections of the Investment Company Act.
Any performance data shared by Grow Developments LLC NTX Res LLC, Real Income Properties Texas I, LLC or RealWealth represents past performance and past performance does not guarantee future results. Neither Grow Developments LLC NTX Res LLC, Real Income Properties Texas I, LLC or RealWealth 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.
The targets above are intended for illustrative purposes only to facilitate analysis and are not guaranteed by Sponsors as there are no assurances these targets will be met. These targets are based on past rental fund performances, and past experiences of the Sponsors in the rental space. Sponsors make no representations or warranties that any investor will, or is likely to, attain the targets shown above since hypothetical or simulated performance is not an indicator or assurance of uture results. Please review the Risk Factors in the PPM.
All offers and sales of any securities within the PPM 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 Real Income Properties Texas I, LLC, the terms of the offering, or the accuracy of completeness of any offering materials. Any securities that are offered by Real Income Properties Texas I, LLC are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell any securities offered by Real Income Properties Texas I, LLC.
Investing in securities involves risk, and investors should be able to bear the loss of their investment. Any securities offered by Real Income Properties Texas I, LLC are not subject to the protections of the Investment Company Act.
Any performance data shared by Grow Developments LLC NTX Res LLC, Real Income Properties Texas I, LLC or RealWealth represents past performance and past performance does not guarantee future results. Neither Grow Developments LLC NTX Res LLC, Real Income Properties Texas I, LLC or RealWealth 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.
