HOW CAN I HELP?
Most frequently asked questions.
How do I get started as an investor with Reed Goossens?
Step 1: Let’s first get to know one another. Schedule an introductory call.
Step 2: Once I understand your investment criteria, I will add you to my investor database.
Step 3: You will be notified (via email) once I secure a new investment opportunity.
Step 4: Join the investor webinar, where I will walk interested investors through the deal, the business plan, and investors returns – plus answer any investor questions.
Step 5: Login to the secure online portal to review the legal docs and secure your spot in the new investment opportunity.
Step 6: Sign legal docs
Step 7: Wire funds
Step 8: Sit back as me and my team get to work implementing the business plan. You will receive monthly and quarter updates.
Who Can Invest with Reed?
As much as I would love to accept all investors, certain regulations means I am only allowed to accept accredited investors.
For those of you who aren’t an accredited investor (just yet), don’t worry, there are still plenty of great educational tools on my website to keep you progressing along your journey towards financial freedom.
Who is an accredited investor?
Two ways to qualify as an accredited investor.
1) You have a net worth, or joint net worth with your spouse, that exceeds $1 million excluding the value of the individual’s primary residence;
2) You have a personal income exceeding $200,000 in each of the two most recent years or joint income with your spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.
What is the minimum investment?
How long is the term of the investment?
Typically we hold the asset between 3-5 years depending on the exact business plan.
What is the targeted IRR?
Our target IRR is 12-14%.
How often will I receive distributions?
Investors will receive distributions every quarter starting with the first quarter after closing.
What is Reed’s strategy for finding an investment property?
Reed locates assets in markets with strong population, job and GDP growth. Within each market he will identify sub markets that are within the true “path of progress”; some of the metrics that indicate robust growth are strong school districts, high house hold incomes (HHI), average cost of homes within 1/3/5 mile radius, identify the biggest employers within the area, crime statistics and much more.
In terms of the asset itself, Reed likes to buy value-add assets in his chosen market/s. A good indication of “value-add” is when the in-place rents are well below market rents in the surrounding area – this means there is room for massive improvement. Reed will look to maximize on these rental discrepancies by improving property management, full exterior renovations to increase curb appeal, rebranding the asset, adding new amenities, improving online marketing, and implementing an interior renovation plan for all units whilst keeping the asset over 90% occupied.
Can I invest if I live outside the US?
You sure can! We currently have a small portion of our investors who live outside the US. There are a few extra (simple) steps that international investors will need to take but we can guide you through the entire process.