Rich Pennybags Capital
We win by having a fat bankroll, buying great properties, and passing go.
Alternative real estate investments that move the needle
Rich Pennybags Capital is a premier real estate investment company specializing in high-yield assets. With a diverse portfolio, we seek out unconventional investment opportunities that offer exceptional returns with minimal risk. Our commitment to strategic decision-making ensures that we exclusively acquire ventures where success is assured. With over a decade of industry expertise, we have established ourselves as a leader in the real estate sector.
Fix & Flips
What kind of flips? Flipping is a broad term. We're not your typical flippers though. If you like buying junkers from the 1960's and completely renovating the entire home over a year long project. Hat's off to you. Been there done that, and it's NOT our thing.
Our flip model has an average hold time of less than 2 months and. In, out, double the money. On to the next.
NO - we are not wholesaling. NO - we don't care about your capital gains tax excuse. We've got that part handled.
Tax Liens
The tax lien journey started for Jake when he was a multi-family property manager at that 48-unit in the header of this website.
Over the years, tax liens have generated by far the highest ROI for us across any asset type and investment strategy.
We're freaking tax lien nerds! It's our jam. We love that high interest. What we love more is using our time-tested strategy that took over 10 years to develop that enables us to not only receive mega high interest, but ultimately take possession or properties for pennies on the dollar.
Commercial
Commercial falls into a few different categories. If the deal makes sense and can produce higher than typical returns, we're buyers. So long as we have experience in that asset type.
Currently, our primary focus is on non-residential commercial, small mixed use buildings, and industrial flex. Followed by small multi-family (20 units or less).
The types of assets we are bullish on will vary depending on several factors such as micro market conditions and the lending environment.
Property Management
With our company Stick Construction, we also have the ability to build or do heavy lift renovations on residential and commercial properties up to five stories.
We hold a Class B general construction license in Colorado. We also offer consulting services.
Our founder Ben Fransua served as the Director of Construction, overseeing the rebuild of over 400 properties damaged in Hurricane Harvey and Superstorm Sandy.
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Meet The Team
Lacy Capital Deal Finder
Allow us to introduce our exceptional partner, Lacy, an expert in finding lucrative real estate deals. With an impressive track record in the industry spanning over a decade, Lacy's journey commenced as an on-site property manager in Kansas City, Missouri, back in 2009.
Fueled by a passion for uncovering hidden opportunities, Lacy has delved into various asset types and strategies, consistently expanding their knowledge and expertise.
Johnny Capital Raiser
As a skilled deal finder, Johnny has played a pivotal role in securing substantial funding for new build developments and redevelopments across diverse regions. His sharp intuition for identifying potential investors and their extensive network of investors have solidified their standing as a trusted advisor in the global real estate landscape.
Mastermind Communities We're In
At Rich Pennybags Capital, we understand the immense value of a robust network. It is the cornerstone that connects us to the finest real estate opportunities. That's why we make strategic investments in our education, actively participating in prestigious mastermind groups and esteemed real estate communities worldwide.
We go beyond mere social media groups. Our commitment to growth has led us to invest nearly $100k in learning from industry-leading coaches and advisors. By immersing ourselves in these exclusive networks, we gain access to a wealth of knowledge and expertise. Within these circles, we connect with top-tier professionals excelling in their respective fields.
Through our extensive network, we gain exposure to a vast array of opportunities, capital resources, investors, and a steady stream of lucrative deals. This unparalleled access sets us apart from other investors and empowers us to make informed decisions that drive success.
Join us as we leverage our expansive network to unlock unparalleled opportunities in the world of real estate.
Advisors Mentors & Coaches
Even Michael Jordan had coaches and mentors. These rockstars are just a text away for us.
Steve Self Storage
Triple Net Tom
House Hacker Harry
Land Flip Lance
David Duplex
Retail Strip Richard
Our Current Portfolio
Longer Term Flips
These properties are bought as distressed assets and renovated, leased and held for a term of around two years.
Greensburgh
Purchase Price $6,000,000
Sold $9,433,900
Greenfield
Purchase Price $10M
Sold $16M
Glenda
Purchase Price $1,008,000
Sold $2,074,900
Unicorn Deals
We've created a system to maximize profits by strategically investing in properties that have a higher chance of foreclosure. This allows us to take possession of the properties for pennies on the dollar or generate an abnormally high, yet safe interest of 12% or more.
Roseyard
Purchase Price $8,620
Sold $60,000
Appleplace
Purchase Price $110,963
Sold $450,000
East Eighth
Purchase Price $21,875
Sold $208,500
Multi-Family
400 Unit Complex
Kansas City, Missouri
On-Site Management - Maintenance - Leasing - Evictions - Vendor Contracts - Marketing
Single Family Portfolio
Since 2009 our primary investment model has been the operation single family rentals. Over the years our portfolio hovered around 200 properties. Our investment model has always been to purchase distressed assets and reposition them for long term holds of 5-7 years.
As a vertically integrated company, we handled all maintenance and management in house. This enables us to speak and manage more effectively because we've personally handled every aspect of real estate acquisition, management and maintenance. We feel our hands on approach over the years is what separates us from every other investment company. We know our foundation is solid because we built it with our own hands. Literally.
Contractor Storage Yards
This is one of our contractor storage yards.
Tokenized Real Estate
This is one of our tokenized properties.
Raw Land Flips
This was one of our mountain properties