Frequently Asked Questions
We have provided answers to some of the more frequently asked questions about our offerings. Please see the prospectus for more detailed information about our Funds.
What is a Limited Liability Company?
A limited liability company, commonly called an "LLC," is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
How many buildings does FPM own?
At the present time, our family of funds owns 16 buildings that range in size from single-family residences to apartment buildings of 7 to 25 units. FPM, Inc. continually seeks to acquire new properties that are cash flow positive.
How does FPM choose potential properties for purchase?
We seek properties that are currently cash flow positive, and that are excellent prospects for future development; either into condos or larger, denser apartment buildings.
What is the minimum investment?
One unit share in one of our funds is $100,000.
Can I use my IRA to invest?
Yes, you can use your IRA or other qualified plan.
When will I start to see returns on my investment?
Approximately 45 days from the receipt of your funds, then monthly returns thereafter.
Will I be notified of how my investment is doing?
Yes, all investors receive detailed newsletters from Billy Ruvelson, FPM’s president, on a monthly basis.
How are distributions calculated?
Rental income is combined from all properties within the Fund; expenses are subtracted, and then evenly divided amongst the investors.
Who can invest with FPM?
Accredited investors can invest.
Am I an accredited investor?
You are accredited if you are an individual with $1,000,000 net worth, or if you have an individual annual income of $200,000, or a joint annual income of $300,000.
What are the benefits of investing with FPM?
- Equity in Los Angeles area real estate
- Passive Monthly Income
- Annual distributions between 7-17%
- Professional Property Management Team (No day to day tenant needs)
- Accessibility to company president, Billy Ruvelson
