The Lucas Miles Investment Process: What to Expect
Investing in multifamily real estate can be an exciting way to build long-term wealth, especially when you have the right team guiding you through the process. At Lucas Miles Multifamily, we focus on helping passive investors take part in professionally managed, cash-flowing apartment deals across Minnesota and Iowa. If you’re wondering what it’s like to invest with us, here’s a clear breakdown of our process from start to finish.
1. Initial Consultation
It all starts with a one-on-one conversation. We take time to learn about your financial goals, timeline, and experience level. Whether you’re new to real estate or a seasoned investor, this step ensures we’re aligned from the start. There’s no pressure—just a chance to see if we’re a good fit for each other.
2. Finding the Right Deals
We specialize in sourcing underperforming or value-add multifamily properties, including market-rate and Section 8 housing. Each opportunity is carefully vetted to meet specific return targets before it’s ever shared with our investor list. Our team handles due diligence, financial modeling, and projections so you can make informed decisions with confidence.
3. Investment Opportunity
Once a property is under contract, we share a detailed investment overview with our passive investor network. This includes projected cash-on-cash returns, equity multiples, renovation plans, market data, and timelines. Investors can review everything and ask questions before committing capital.
4. Capital Raise and Closing
Investors who decide to move forward submit their commitments, and once the offering is fully funded, we close on the property. You’ll receive all necessary legal documents, including an operating agreement, subscription documents, and wiring instructions. We ensure everything is fully transparent and legally compliant.
5. Renovation and Stabilization
Post-closing, we roll up our sleeves. Renovations begin immediately—focused on improving the property’s condition, boosting rents, and increasing occupancy. Depending on the asset, this may include unit upgrades, exterior improvements, or efficiency enhancements. Our management team handles all day-to-day operations while keeping investors updated along the way.
6. Distributions and Reporting
Once the property is stabilized, cash flow begins. Investors typically receive quarterly distributions, along with performance updates and financial statements. Our goal is to maximize returns while maintaining transparency throughout the entire holding period.
7. Exit Strategy
Each property comes with a defined exit plan—whether it’s a refinance, sale, or long-term hold with cash-out distributions. When the time comes to exit, you’ll receive your original capital back, along with your share of the profits.
Why Invest with Lucas Miles?
We’re not a giant syndication machine—we’re a hands-on, relationship-driven investment firm. Our track record includes stabilized deals with strong returns, ranging from smaller five-unit properties to large 90+ unit portfolios. If you’re looking for consistent performance, personal communication, and a Midwest-based team that knows its market—you’re in the right place.
Ready to take the next step? Schedule your consultation today and discover what’s possible when you invest with Lucas Miles Multifamily.
