Open Door Capital is a real estate investment company by Brandon Turner. It helps investors to generate successful returns by acquiring mobile home communities and apartment complexes while providing housing opportunities for tenants. You buy shares in one of their offerings, then you become a direct equity owner of Open Door Capital that owns the properties.
Open Door Capital focuses on investing in mobile home parks (MHP). It is also known as mobile home communities, trailer parks, land-lease communities and manufactured home parks. Almost 5.6% of the U.S people that estimate 17.7 million people live in mobile homes, providing an opportunity for investors. Also, investing in mobile home communities provides several perks. It includes low cost per unit, cheap repairs and maintenance, low risk, high demand, low turnover and also it has less competition. But, mobile home parks receive less appreciation in their value overtime. Is investing in a mobile home park the best option?
Local lead generation through rank and rent is a low cost and low-risk business model that can generate passive income. It is a type of digital real estate that works simply as you rank and rent your website to local businesses that pay you a monthly rental fee. You don't have to deal with tenants, paperwork, property maintenance, huge investment, laws and regulations, like investing in a mobile home park. Also, you don't have to worry about its value because over 10 million business owners in the USA don't have a website and 68% of local business owners need help with generating leads.
Open Door Capital Pros And Cons
Pros
Open Door Capital has over 10,000 units of multifamily real estate.
Brandon Turner's team has a combined 35 years of experience.
Brandon is one of the former hosts of The Bigger Pockets with over 100 million downloads.
Cons
Open Door Capital offerings are not for everyone.
You need to become an accredited investor to become eligible.
The starting investment is huge.
Price
Open Door Capital minimum cost of investment starts at $50,000 or $75,000.
Refund Policy
There is no information about refund policy.
Origin
Open Door Capital LLC started in 2019.
Reputation
Open Door Capital claims to have over 1,600 investors, 8,400 units and $730 millions assets under management.
What Does Open Door Capital Do?
Open Door Capital helps investors to generate passive income by investing in their acquired properties. They purchase mobile home communities and apartments based on their sets of criteria. They focus on making cash flow for their clients. Open Door Capital has in-house management with over three decades of experience that works all-in to increase your income and decrease expenses while giving satisfaction to tenants. Lastly, they do regular distributions monthly or quarterly, depending on the offering.
Open Door Capital Available Offerings
It has 651 mobile home pads in Wisconsin, Florida, and Alaska.
KEY INFORMATIONS
KEY INFORMATIONS
KEY INFORMATIONS
It offers an exciting 139-unit multifamily apartment syndication comprising three properties in Eagle County, CO (aka the "Vail Valley").
KEY INFORMATIONS
The Point at Cypress Woods provides investors an exciting opportunity to own a solid 530-unit Class B apartment complex in one of the fastest growing markets in the US - Houston, TX.
KEY INFORMATIONS
KEY INFORMATIONS
KEY INFORMATIONS
Cheval Apartments is a 387-unit, Class A apartment complex in a prime submarket of Houston, TX.
KEY INFORMATIONS
It is a 508-unit portfolio comprising three high-quality assets spread across some of the hottest MSAs in the country - Austin, Texas, Atlanta, Georgia, and Daytona, and Florida.
KEY INFORMATIONS
This is the Open Door Capital latest 369-unit offering that is in Austin, TX.
KEY INFORMATIONS
The Lone Star Portfolio has 617 units across two apartment complexes, Rayford's Edge, and Parkwyn, which are in two of the hottest MSAs in the U.S.
KEY INFORMATIONS
KEY INFORMATIONS
Hollister Place Apartments is a 260 Unit, Class A apartment complex in Houston, TX.
KEY INFORMATIONS
KEY INFORMATIONS
Open Door Capital Cabana Club
The Cabana Club is an exclusive group by Open Door Capital for its top investors. But you need to meet a certain investment before you become a member of this premier investor group.
Cabana Club Member Requirements
Cabana Club Member Perks
Open Door Capital The Texas 3-Pack
The Texas 3-Pack is a 673-unit portfolio that has 3 apartment complexes in Houston and Austin MSAs. Open Door Capital with Disrupt Equity secured a fixed rate of 3.8%. It has only interest-only payments in the next 7 years. It has targeted 16%-18% Average Annual Return (AAR). The Texas 3-Pack has a 5-10 year hold period, but you need a minimum investment of $100,000 to be part of this.
Open Door Capital Jobs
Open Door Capital offers some job openings for someone who is interested in working for Open Door Capital and Brandon Turner. Below is the list of current job openings.
Who Is The Founder Of Open Door Capital?
Brandon Turner is the founder of Open Door Capital. Brandon is a real estate investor, podcaster, and author. He is widely recognized as one of the best experts in the real estate industry. At 21, he acquired his first house. Then, Turner quickly expanded his real estate portfolio with over 40 units.
Brandon is the author of some best-selling books including "The Book on Managing Rental Properties', "The Book on Investing In Real Estate with No (and Low) Money Down", "The Book on Managing Rental Properties", "How to Invest in Real Estate" and "The Intention Journal". Brandon lives with his wife Heather in Grays Harbor, Wash with their two kids.
Who Is Open Door Capital For?
Open Door Capital is for investors who are already accredited to invest. Also, their offer is for you if you have a minimum investment of $50,000to $100,000. You can't invest in their offerings if you do not meet their requirements. If you want to learn how to build an Airbnb empire, this course is not for you.
Are Clients of Brandon Turner’s Open Door Capital Successful?
Open Door capital receives 4.9 in its Facebook page with 65 reviews. But, most of the comments are about Forex trading, Crypto trading and Bitcoin. It is shady given that they are offering real estate investment opportunities.
Is Open Door Capital Worth It?
Open Door Capital can not be worth it for beginners who are on a tight budget. The minimum starting investment available in their current offerings is $75,000. Which is enough to start and try online businesses to start with 10k. Also, their offerings have a 100% targeted return of capital within 5 years or fewer. Open Door Capital mentions nothing about safeguards to your investments, refund or action if the investment fails.
However, Brandon Turner has already established a good name in real estate, making him one of the best gurus you can start with. He has a good track of records with over 7,400 units and $650M assets under management (AUM). Also, Open Door Capital's whole team really has expertise and experience in real estate. One of them is Brian Murray, one of the world's leading experts on multifamily real estate investing. And their COO, Walker Meadows, helps Open Door Capital team made $734M+ in acquisitions.
Open Door Capital Alternatives
Conclusion: Is Investing In Mobile Home Parks The Best Option?
No, but investing in mobile home parks can be a good option. Investing in this asset shows good demand, given that 5.6% of the U.S. population lives here. Also, mobile homes save over 40% on housing costs, making it more appealing. Yet, you still need to worry about tenants, daily active work and actively maintaining every unit. In real estate, you need to learn a lot of things. You also need huge working capital to cover investment, some costs for renovation and transactions.
Local lead generation will not require you to do these. You don’t need a big upfront to start your own business: you won’t need to acquire any properties as you are doing digital real estate. What makes this business model better than investing in a mobile home park is that you don’t have to deal with tenants, and ongoing maintenance involves real estate. What you need to do is create a website, rank it on search engines like Google, and rent it out to local businesses to achieve predictable monthly passive income. If you want to scale, repeat the process.
