Lofty 15 Wilshire Blvd

Single Family Home located in Lubbock, TX.

Offering Details

• Austin Hughes, with Thunder Sun Homes, transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
• Tokens represent direct ownership in the LLC that owns the property. Austin will maintain at least 10% ownership in the LLC indefinitely.
• View proof of Austin's ownership prior to the title transfer and proof of title transfer here. View the LLC documents here.

Property Details

• Discover a prime investment opportunity in the heart of Northwest Lubbock, TX. This exquisite single-family home, nestled within a secure gated community, offers the perfect blend of luxury, comfort, and stability—making it a standout choice for savvy investors.
• Spacious Living: With 3 bedrooms, 2.5 baths, and an expansive 2,574 sq. ft., this home boasts an open floor plan, high ceilings, and abundant natural light.
• Modern Amenities: Built in 2020 and meticulously maintained, the property features an office, a 2-car garage, and impeccable curb appeal.
• Tenant-Occupied: Enjoy immediate rental income with reliable tenants currently paying $3,000 per month.
• Why Invest with Austin & Thunder Sun Homes?
  • With a proven track record of managing 532 rental units, including houses, duplexes, multifamily properties, and mobile home parks, Thunder Sun Homes is a trusted name in the real estate market. Our core value of "treating people like gold" ensures exceptional tenant relationships and high retention rates, leading to consistent returns for investors.
  • Professional Management By the Owner: Our dedicated team at Thunder Sun Homes will manage this property with the utmost care and professionalism, ensuring it remains in top condition and continues to attract quality tenants. We are committed to maintain ownership AND management of this property, as we know that nobody will care for a property as much as we will.
• Invest in a property that not only offers luxury living but also promises stable and impressive returns. Join the ranks of discerning investors who trust Thunder Sun Homes to deliver outstanding results.
• Don't miss this exceptional opportunity to invest in one of Lubbock's finest rental properties.

More About the Seller

• Born in Lubbock, TX, and raised in Houston, Austin Hughes has always been driven by a passion for self-improvement and excellence, both in academics and sports. In 2012, Austin returned to Lubbock to attend Texas Tech University, where his dedication to real estate investing began to take shape. Studying real estate extensively outside the regular curriculum, he founded Thunder Sun Homes during his senior year in September 2015.
• Since its inception, Thunder Sun Homes has flourished under Austin's leadership. With over 100 properties flipped and a growing portfolio exceeding 500 rental units and notes receivable, the company has become a powerhouse in the real estate industry. As CEO, Austin oversees the financial operations, supported by a skilled team that includes an operations manager, construction project manager, marketing specialist, transaction coordinator, full property management team, and an acquisitions team.
• One of Thunder Sun Homes' greatest strengths is its versatility in handling various types of remodels and investment strategies. From flipping and renting to owner financing and vacation rentals, the company maximizes every investment opportunity. Austin firmly believes that having a multitude of options is key to holding power in the real estate market.
• In addition to his business achievements, Austin is dedicated to fostering a strong community of real estate investors locally. He does this through the monthly Lubbock REI Group that he hosts. This event offers education and networking opportunities, where Austin shares the strategies and tactics that have propelled him to success.
• Outside of real estate, Austin enjoys jiu jitsu, playing piano, and singing in the worship band at church. With a consistent weightlifting routine spanning 15 years and a competitive spirit in judo, having twice won bronze medals at the state championships, he brings the same dedication to his personal pursuits as he does to his professional ones. A passionate cook and food enthusiast, Austin approaches every challenge with zeal and determination, aiming to leave a lasting legacy.
• Join Austin Hughes and Thunder Sun Homes in transforming real estate investments into lucrative opportunities. With a proven track record and a dynamic approach, Austin is committed to helping investors achieve exceptional returns.

Property Management and Insurance

• Managed by the seller, Austin Hughes, with Thunder Sun Homes
• Property Management Agreement
• Per the seller, Austin, the property management fee will be set at 30% of the rental income. This fee structure is designed to help the property owner make debt service payments while still providing excellent yields to investors. By ensuring that the property manager has the necessary resources to effectively manage the property, they are able to bring high-quality properties like this to the Lofty marketplace and ensure their long-term success. The management fee drops to 10% of gross rental income once the loan is paid off in full. View additional terms in the Property Management Agreement above regarding the Property Manager removal criteria.
• Insurance Policy from Allstate.

Property Leverage

• This property has a loan balance of $344,100. View the loan documents here
• As the seller, Austin Hughes pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Occupancy Status

• 1 year lease (02/26/2024 - 02/28/2025)
• $3,000/month
• Lease Agreement

Location Data

• "A" Rating for Zip Code on Niche

Due Diligence Documents

• Warranty Deed
• Appraisal
• Inspection Report
• Operating Agreement
• View All Documents