Frequently Asked Questions

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What is a real estate fund?

This is a process where multiple investors can pool money together to purchase real estate assets. The passive investors are provided a set return for their investment, while the experienced, active partners find and manage the properties and the fund.

For the risks associated with investing in a real estate fund, visit our Discolures and Disclaimer Page


How will my money be used?
In the Mission First Capital (MFC) Fund, your investment will be used to purchase cash-flowing, value-add residential and commercial real estate across the country. This will mainly consist of multifamily apartment buildings in various markets across the country.
In addition to directly purchasing real estate assets, invested capital will be used for operating expenses of the fund, at the discretion of the Fund Manager. This strategy will ensure your capital is backed by real, stable assets with a hedge against inflation and historical resilience to market volatility.

What is the minimum investment amount?
The minimum investment amount is $5,000 for the MFC Fund.

What is the maximum investment amount?
The maximum investment is $1M or higher on a case-by-case basis as determined by the Fund Manager. If you would like to invest a larger amount of capital, please reach out to us at MissonControl@missionfirstcapital.co.

Do I have to be an accredited investor?
You do not have to be an accredited investor. The MFC fund is available to anyone, accredited or non-accredited.

How long is the term of the Investment Fund?
The term of the MFC Investment Fund depends on how long you would like to have your investment grow, and what sort of return you are looking for…
The MFC Investment Fund term options are 3 years, 5 years, and 8 years.
For more information schedule a call to talk to Mission Control

 


What returns should I expect to receive?
Your expected returns will change with the term length you chose.
  • For the 3-year term, the projected return on capital is 25%. This means if you put in the minimum $5,000 in 2021, the amount to be returned to you in 2024 will be $6,250.
  • For the 5-year term, the projected return on capital is 50%, which means if you invest the $5,000 minimum, you will receive back $7,500.
  • For the 8-year term, the projected return on capital is 100%, which means your money doubles in 8 years, so again investing the $5,000 minimum, expect $10,000 back in 8 years.


What is a preferred return?
A preferred annualized return or “preferred return” or “pref return” describes the claim on profits for investors in a project. Investors will be the first to receive returns up to a certain percentage, based on the investment term selected.

What if I want to pull out my capital before my term is complete?
Since this is an investment that is going to be purchasing real estate, this should be treated as an illiquid investment – meaning do not use money to invest that you may need within the term you choose.  Unlike investments in the stock market or mutual funds, access to your capital after investment will be limited. If you invest in the 3-year MFC Fund, expect your money to be locked in for 3 years.

When should I expect my first distribution?
Depending on the term you choose, you will receive your payout at the end of those years.

Can I pick the properties the fund purchases?
No, the blind pool fund will be actively managed by experienced real estate investors who are active duty and veterans. Their experience includes numerous multifamily properties across multiple states totaling $30M in assets under management.
They understand the demands active-duty service puts on members and their families, so this allows passive investment in real estate without the typical hassles for the active investor. The fund managers will be dealing with finding the properties, negotiating the best prices, renovating the properties, and either selling them or renting them out.

Can I invest if I live in a different state?
You can invest from any state in the United States of America, even if you are stationed overseas. If you are stationed overseas, please ensure your home of record is a US state or territory. For foreign investors, there are additional restrictions and tax implications for investing in the US and should be thoroughly researched by the investor. Please contact your tax professional if this situation applies to you. Mission First Capital will not provide legal or tax advice.

What expenses or fees should I expect?
There are no additional fees for investors! You only pay for the shares you purchase. All expenses and fees will be covered by the Fund capital raised.  While an asset management fee of 1% of Fund capital raised may be assessed at the discretion of the Fund Manager, it will not affect the preferred return of your investment.

How do I invest with Mission First Capital?
Starting is easy and straight forward! Click the link below and complete some basic information, such as your name, contact information and payment information. Our Broker Dealer, Rialto, will review and approve your application. Once approved, you will receive your digital shares from our Transfer Agent, KoreConX.


What kinds of accounts can I invest through?
You have multiple options to be able to invest your money, here are just a few of the ways:
  • Invest as an individual using your personal bank account
  • Invest as an LLC or business entity
  • Invest using your retirement account (as a Solo 401k or SDIRA option)
  • Invest using your TSP (check out the www.tsp.gov website for more details on TSP Loans)
  • Invest your tax return
  • Invest your special pay or military bonuses

How can I track my investment?
You can track your account balance through your investor portal 24 hours a day, 7 days a week, 365 days a year. No matter where you are in the world you will be able to see exactly how your investment account looks at any hour of the day.  In addition, we will provide you with periodic updates on the performance of your MFC investment, including:
– an annual report
– a semi-annual report
– current event reports for specified material events within ten business days of their occurrence
– supplements to the offering circular if we have material information to disclose to you
– other reports that we may file or furnish to the SEC from time to time.
If you have any specific questions on your investment, please contact MFC Mission Control, any time.

Who is KoreConX?
KoreConX (KCX) is the technology provider of our Investor Portal that allows us to accept your funds for investment. This portal is where you will submit your investment application and will access to get important information about your account.

What is the experience level of the principal partners?
Phil Capron, Founder & CEO of Mission First Capital, began working in the real estate industry by adding value to homes when he departed the U.S. Navy.  He has since developed 400 units at multi-family properties.  He quickly saw a deficit in the ability for his military brothers and sisters to have the opportunity to invest in real estate, if they did not meet the high qualifications held in investing (being accredited); therefore, he felt compelled to create an avenue that anyone military-related could earn money on their investment in real estate.

Can I invest if I live in a different state?
You can invest from any state in the country including if you are stationed overseas. If you are stationed overseas, please ensure your home of record is a US state or territory. For foreign investors, there are additional restrictions and tax implications for investing in the US and should be thoroughly researched by the investor. Please contact your tax professional if this situation applies to you. Mission First Capital will not provide legal or tax advice.

What is KYC?
KYC stands for Know Your Customer. This is a rule created and enforced by the Financial Industry Regulatory Authority that states:

“Every member shall use reasonable diligence, in regard to the opening and maintenance of every account, to know (and retain) the essential facts concerning every customer and concerning the authority of each person acting on behalf of such customer.”

FINRA Website

To comply with this rule, we have to collect some information from you, such as your date of birth, your social security number, income information and/or net worth. Your information is safe with us! Mission First Capital uses this information for the purpose of your investment.

Who can I talk to if I have more questions?

How do I calculate my net worth?
Your net worth is calculated by adding up all your assets and subtracting your liabilities.
  • Assets include cash, checking accounts, savings accounts, retirement savings, real estate, or automobiles.
  • Liabilities are any debts that you have such as consumer debt, personal loans, students loans, auto loans, or mortgages.
If you are unsure or need help determining your net worth, use our free Net Worth Calculator

I don’t know what type of investor I am.
If you are unsure of which type of investor you are, read more about Types of Investors here.