Joe Raschke
Kansas City, MO (USA)
Role(s):
Founder/Owner/Principal
JR Properties, LLC
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Startup
Location:
Kansas City
Industry:
Real Estate
Year Founded:
2002
Number Employees:
1-10 people
Description:
JR Properties, LLC is a real estate holding company with over $2 million in assets in the Kansas City area. The assets include houses, townhouses, duplexes, and 6 plexes.
Home Assistant, Inc. is a real estate holding company with over $4 million in assets in the Kansas City area. The assets include a 35 unit apt and 21 unit apt building with additional 6 plexes.
Both companies have the same two owners with 50/50 equal share. Home Assistant, Inc. was established in 2002. JR Properties, LLC was established in 2004.
Both owners are involved in the daily operations but do not take a salary. These assets are intended to provide retirement for both owners in 15-20 years.
After 5 years of growth both companies are in the process of selling off the non-performing assets and refinancing the performing assets.
Financials available for both companies with detailed summary of all assets including value, income, expenses, amount currently owed on assets.
Open to all options to preserve our performing assets into a loan package (or equity package) to attain goal of having these assets provide retirement for both owners.
Additional capital to continue growing requested as well once the non-performing assets are purged and the performing assets are stabilized. MULTIPLE opportunities in this market to obtain strong assets cheap !!
Over the last 5 years the owners have a strong knowledge of the KC real estate market. We know where the good deals are and the ones to stay away from. Let the inexperienced and/or out of town buyers make the mistakes of buying the wrong deal.