Frequently asked questions
The minimum investment from a single investor is $50,000, however the Fund Manager in its sole discretion may lower it for returning investors.
The biggest advantage the Hancock Growth & Income Fund(s), LLC has, is its ability in many cases to pay cash for assets and take advantage of market opportunities. With that said, our Executive Team will confirm each asset being considered meets are targeted financial objectives for our Investors. So answer is no, we do not pre-identify the assets then search for investors funds, rather, we already have investor funds in Escrow ready to be deployed in market when the opportunities present themselves.
Each investor has an encrypted Log-In credentialed Dashboard that can be logged into 24/7. This Dashboard will allow each Investor to transparently view all financial activity related to their investment, including but not limited to their respective ACH distributions that are automated securely from bank to bank deposits. These Dividends are paid on a trailing quarterly basis.
Through Investor Dashboard, each Investor will have 24/7 access to their Portfolio Investments. It is here that all property and portfolio financials will be uploaded to as well as any key updates on properties being repositioned and optimized.
As an Asset Performance Expert, Mr. Reyes (Fund Manager) along with Executive Team, make certain strict criteria are met and detailed due diligence is being exhausted to meet the Company’s fund goals and objectives. This includes identifying properties that are under-managed, under performing and have value add strategy. Properties that can not meet financial threshold allowing maximum investor returns will not be considered for acquisition.
Yes. Federal legislation titled Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism, better known as the USA Patriot Act, was approved by Congress. The law was designed to combat money laundering and terrorist financing. Hancock Investment Group, LLC is committed to NOT having business dealings with individuals or entities listed on the Office of Foreign Asset Control (OFAC), Specially Designated Nationals (SDN) and Blocked Persons List. The screening process assists our Team in determining whether an Investor is an Accredited Investor vs. a Sophisticated Investor for the purpose of Investor reporting and Regulation D Rule 506(b) exemption compliance.
Each Investor is provided with a K-1 Form for each investment. This is the Form that is similar to a 1099 but intended for passive Investors in Real Estate partnerships. It is a good idea to speak to your CPA for further explanation on how you may have received quarterly distributions from property cash flow but show a “paper-loss” due to taking advantage of depreciation that will help reduce your tax liability.
YES. International Investors are allowed to invest in the Hancock Growth & Income Fund, LLC under IRS Regulation S exemption. Certification will be required to be obtained that you are indeed not a U.S Citizen.
No. Real Estate investments, although a great wealth building and cash flow vehicles, are not like stocks or other liquid asset. The life cycle for our Hancock Growth & Income Fund, LLC is 5-7 years but shares can be potentially sold to other Class A investors or management after a 1 year hold period.
Absolutely. We have excellent relationships with Self Directed IRA Custodians who can assist you in setting up an account whereby you even have checkbook control of your IRA and will not rely on your custodian to process investment decisions you have made.
The short answer is No. But a more detailed conversation would need to be had with Fund Manager, as there is a Finance Disclosure trigger for any one investor that invests more than 20% in any one Fund and may require investor to allocate investments among a diversified portfolio of funds.
The one very unique variation between the many in advertisement one will see on the web and the Hancock Funds is that our Regulation D Rule 506(b) exemption requires us to have a pre-existing relationship with our investors. This relationship is critical to our understanding our investors on a very granular level allowing our Executive Team to work very closely with our capital partners on strategy, whether it be completing a 1031 Exchange to continue growing a particular portfolio or selling at maximum returns. This level of relationship will make all the difference in the world when investors seek flexibility to optimize returns and opportunities.