Acquisition thesis
Cash flow, appreciation, value-add, land hold, resale, or another defined objective.
Investment brief
Residential investment property
The Stephen Reich Group helps investors search for North Texas residential property. Investors remain responsible for independently verifying rents, expenses, financing, taxes, legal issues, condition, management, and projected returns.
The buy box
Set the limits first.
State the geography, asset type, price, condition, financing, management tolerance, hold period, and exit before calling a property an opportunity.
Underwriting
Do not underwrite the listing copy.
Marketing figures are a starting point, not a model. Investors should test rents, vacancy, expenses, taxes, insurance, financing, repairs, management, and exit assumptions with independent professionals.
Investment review
Assumptions to test
Property facts
Condition, layout, location, rent context, expenses, taxes, insurance, and capital needs.
Execution plan
Financing, diligence, repairs, leasing, management, reserves, and timing.
Exit logic
Hold period, buyer pool, liquidity, market risk, and alternative outcomes.
Investor questions
Advice and verification.
Will the team calculate my return?
The team can help organize property information, but investors should use independent financial, tax, legal, and management advice.
Can you find off-market investments?
The team can discuss broker outreach and private-search criteria without promising unverified inventory.
What belongs in an investor brief?
Include target areas, asset types, budget, financing, return objective, condition tolerance, management plan, timing, and exit.
Talk with the investment team
Share the acquisition criteria.
Share the target areas, asset type, budget, financing, return objective, condition tolerance, and timing.