Mailbox Money
Owning quality multi-family properties can lead to a pleasant experience: money arriving directly in your mailbox. Investors affectionately term this phenomenon as ‘mailbox money’.
Leveraged Growth
Capital appreciation hinges on the overall value of the property, rather than solely on your initial down payment. In essence, you’re potentially earning 7% on a $600K asset instead of just a $150K investment, fostering accelerated growth for your capital over time.
the Tenants pay
Over time, your shares in the LLC will be worth more and more, as the tenants pay down the mortgage on the properties it owns, rather than you.
FORCED APPRECIATION
When investing in “value-add” multifamily assets, investors can rapidly create value and force appreciation through improving the physical asset, management quality, increasing revenue, and reducing expenses.
our mission
Enjoy the benefits of rental property ownership without the hassles or the huge downpayment.
Granite State Property Partners is a Limited Liability Corporation which purchases, manages, improves, rents out, and eventually sells multi-family properties in a geographic area centered around
Dover NH.
Investors purchase shares in the company, rather than the property directly, and benefit from the capital appreciation and rental income of those properties, without having to front all the money, and without the management hassle
typically associated with being a DIY landlord.
The properties are managed by the General Partners, who know what they are doing.
Granite State Property Partners invests in multifamily assets located in promising markets throughout New Hampshire. We look for opportunities that are located in C/B class neighborhoods within quality submarkets, where we have the opportunity to create value through renovations and management improvements.
Important: Granite State Property Partners Dover One fund is available for accredited investors only.
Three limiting beliefs that prevent investors from investing in real estate
Unaware of opportunities
Some investors may believe they don’t know enough about real estate or don’t have enough experience to invest.
Syndication solves this issue
No Time
Investing in real estate on your own requires significant time to locate deals, arrange financing, manage tenants, etc.
Syndication solves this issue.
lack of Significant capital
You don’t need hundreds of thousands of dollars to invest in real estate if you invest in a syndication. Investors can participate in our deals for as little as $50,000
What are some of the barriers to DIY ownership of multi-family properties?
High cost of entry– a typical multi-family home in Dover NH costs $600K – $650K
You have to put down 25% plus cover closing costs. The typical cash needed to close is about $170K. That prices a lot of people out of the market.
Owning a single building, even if you could afford it, exposes the owner to periodic vacancies, which can hurt when suddenly half or 1/3 of your rental income disappears. Vacancies matter a lot less when you instead own a share of many units.
Dealing with tenants and other issues is not for everyone.
There are no economies of scale when you do it yourself.
Why choose Granite State Property Partners?
Our General Partners boast nearly three decades of expertise in property ownership within the southern NH market, currently managing a collective portfolio of 33 units. Our mission is to democratize real estate ownership, empowering
individuals to embark on their own wealth-building journey.
By aligning our interests, we prioritize your success—our payout is entirely contingent upon your success.
TRUSTWORTHY
Our corporate attorney is
John Bosen, one of the most experienced and trusted real estate attorneys in Portsmouth.
LOCAL-OWNED
Both the General Partners live in Portsmouth NH. The properties we purchase will also be local, so you can drive by them yourself to see where your money is. This is unlike the typical REIT.
29 YEARS EXPERIENCE
One of our managers bought his first multi-family unit in 1995. He has since bought and sold dozens of properties and never lost money.
eCONOMIES OF SCALE
We have systems in place that make everything easier, cheaper, and faster than if you did it yourself.
Legal Structure – How it works
As an accredited investor, you purchase shares in an LLC, not the property directly. The LLC purchases and manages the buildings. Our attorney, Patrick Closson of
Mclane Middleton, handles all the paperwork to make sure everything is legit and investor rights are protected.
Investors are Limited Partners in the LLC. There is another class of partner referred to as the General Partners. The
General Partners do the work, while Limited Partners are passive investors.
When it comes time to sell the properties, Limited Partners get their capital back first but as an incentive to get the General Partners to do the work, the capital gains are split. After the hold period, generally 10 years, the limited
partners and the general partners split the gain based on a formula specified in the Partner Agreement. This creates a strong incentive for the general partners to maximize the capital gains, and they get nothing if the properties
do not appreciate.
General Partners take a percentage of the rent as a management fee, and the rest is distributed to the limited partners quarterly, based on their equity percentage.
In ten years (or so), every share (a $1,000 investment) should be worth $3,000 – $3,500– a 7.5% return– hopefully much more but of course we cannot (and do not) guarantee any specific rate of
return.
Call us now at
781/608-4060
to get your questions answered