What is Open Door Capital and how does it work?
Open Door Capital is a private, well-capitalized, real estate investment firm – founded by Brandon Turner – that helps clients achieve superior risk-adjusted returns through the acquisition of mobile home communities, apartment complexes, and self storage facilities nationwide. Open Door Capital is financed by accredited investors seeking a combination of strong cash flow and equity growth.
We purchase mobile home communities, apartment complexes, and self storage facilities with a very specific set of criteria – manage them effectively and efficiently – and distribute cash flow to investors.
What am I investing in?
Open Door Capital offers investors the opportunity to invest in diversified funds and single asset raises for mobile home communities, apartment complexes, and self storage facilities.
Can I invest with my self-directed IRA or other retirement account?
Yes! We can process investments through a variety of self-directed retirement accounts.
How will investor reporting work?
Investors will receive access to their investor portal where they can review their investment details and relevant documents at any time.
Depending on the offering, investors can expect to see monthly or quarterly updates.
Can Open Door Capital accept 1031 proceeds?
Unfortunately no, we cannot accept 1031 funds. You’ll need to invest your 1031 proceeds into like-kind real estate and the majority of our offerings do not meet this description.
Am I investing in a Fund or a Project Specific Syndication?
Open Door Capital offers both funds and project specific syndications based on the asset and your goals as an investor. Each raise will specify both the asset type and the investment type to ensure you are well informed about the investment you are making.
Who is eligible to invest with Open Door Capital?
ICurrently, our offerings are 506c which require you to be an Accredited Investor.
Accreditation status will be verified upon commitment to an offering. An Accredited Investor is a term used by the U.S. Securities and Exchange Commission (SEC). In order to qualify as accredited, an investor must accomplish at least one of the following:
Earn an individual income of more than $200,000 per year, or a joint spousal income of more than $300,000 per year, in each of the last two years and expect to reasonably maintain the same level of income;
Have a net worth exceeding $1 million, either individually or jointly with his or her spouse (excluding their primary residence);
Be a bank, insurance company, registered investment company, business development company, or small business investment company;
Be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered;
Be a business in which all the equity owners are Accredited Investors.
Be an employee benefit plan, a trust, charitable organization, partnership, or company with total assets in excess of $5 million.
Click here for more information about what it takes to become an Accredited Investor.
What tax documents should I expect to receive?
You will receive a K-1 at the end of each year for each of your investments. You’ll be able to access these documents from our secure investor portal.
What are the tax implications of investing in real estate syndications like Open Door Capital?
Real estate investments and syndications offer a number of tax advantages. To fully cover these implications, Brandon Turner interviewed Amanda Han and Matt MacFarland from Keystone CPA. Amanda and Matt specialize in tax strategies for real estate investors. You can watch the full interview here.
Does any depreciation or losses get passed through to the investor?
Yes! We typically perform cost segregation studies on all of our assets, allowing investors to benefit from bonus and accelerated deprecation.
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