We focus on Affordable and Workforce Housing. Our portfolios are designed to deliver 15 to 17% gross rental yields.
Our single-family portfolios are generally made up of stabilized individual housing units that are already producing rental income when the investor purchases the portfolio.
1) MidAmerican purchases a property
Proprietary screening and selection process
Attractive rental market
2) MidAmerican remodels the property
Up to code property rehab
Standardized quality and materials
Permits as required
Inhouse project management
3) Inspections for government assistance programs
Inspections performed by third party independent licensed inspectors
City inspections and licenses required
Final approval to qualify for government assistance programs. This enables us to lease out many properties in our portfolios in such a way that part of the rents are received directly from an agency of the US government.
Tenant screening and application review
Background check and references
Rent payment and income
5) Investor purchase:
Rental income from day 1
Post purchase 360° support
CASHFLOW AND RETURNS
Rental income from day one
15 to 17% gross rental yields
Rents paid by federal government