FOR ACCREDITED INVESTORS · RH LTR FUND II, LLC

RH LTR Fund II

23-25%
Target Levered IRR
3.5% Annual Growth
7.5%
Target Annual Dividend
After 12-month purchase period
$3.5M
Capital Raise
$25,000 minimum
3 yrs
Projected Hold
65-75% LTV
100
Target Portfolio
Homes in Columbia, SC

The Opportunity

We are acquiring 100 entry-level rental homes in the Columbia, SC metro, at deep discounts to fair market value, with strong day-one cash flow.

Target Portfolio100 rental homes in Columbia, SC
Market FocusAffordable entry-level single-family homes under $150,000
Target PropertiesPurchase + renovate under $125,000. 3 bed / 1.5 bath, approx. 1,200 sq ft, renting for $1,300-$1,500/mo.
Average Discount26.7% below fair market value at acquisition
Rent-to-Price Ratio1.18% (nearly 2x the national average of <0.6%)
Below Replacement CostWe acquire under $125,000 all-in, well below today's cost to build. Less than 1% of new construction is priced under $200,000, leaving existing entry-level homes scarce and getting scarcer.
Fastest-Growing StateSouth Carolina ranks #1 in U.S. population growth per capita. Columbia is anchored by USC, Fort Jackson, Scout Motors' $2B EV plant, and Brookfield's $2.7B nuclear revival.

Proven Track Record

Our team previously operated the Alder Somerset II Fund — a 100-home SFR fund in metro Atlanta that returned 3x to investors.

Prior Fund — Actual

Alder Somerset II (2015-2020) — Actual

Capital Raised$3.38M
Homes Acquired100 SFR (Cobb & Paulding counties)
IRR (Actual)24.4%
Investor Return3x
RH LTR Fund II — Projected

RH LTR Fund II (2026-2029) — Projected

Capital Raise$3.5M
Homes Target100 SFR (Columbia, SC metro)
IRR (Target)23.4%
Avg. Discount to FMV26.7% (vs 12.2% on prior fund)

Same strategy. Better discounts. Higher rent-to-cost ratio (1.18% vs 0.97%) — driven by Columbia's tighter supply and stronger rent yields.

Sample Properties

Representative deals underwritten by Restoration Homes, illustrating the fund’s target deal profile. Across the eight sample properties: $122,601 average all-in cost, $180,770 average projected sale, 26.7% average discount to fair market value.

22.8% below FMV

3521 Baywater Dr, Columbia, SC

Purchase
$65,000
+ Renovation
$54,687
Total Cost
$119,687
ARV
$155,000
Rent
$1,475/mo
Exterior
3521 Baywater Dr, Columbia, SC Exterior before
Before
3521 Baywater Dr, Columbia, SC Exterior after
After
Interior
3521 Baywater Dr, Columbia, SC Interior before
Before
3521 Baywater Dr, Columbia, SC Interior after
After
31.3% below FMV

429 Greenlake Dr, Hopkins, SC

Purchase
$90,000
+ Renovation
$50,905
Total Cost
$140,905
ARV
$205,000
Rent
$1,500/mo
Exterior
429 Greenlake Dr, Hopkins, SC Exterior before
Before
429 Greenlake Dr, Hopkins, SC Exterior after
After
Kitchen
429 Greenlake Dr, Hopkins, SC Kitchen before
Before
429 Greenlake Dr, Hopkins, SC Kitchen after
After
31.4% below FMV

451 Loring Dr, Sumter, SC

Purchase
$22,719
+ Renovation
$68,542
Total Cost
$91,261
ARV
$133,000
Rent
$1,175/mo
Exterior
451 Loring Dr, Sumter, SC Exterior before
Before
After soon
Interior
451 Loring Dr, Sumter, SC Interior before
Before
After soon
Renovation in progress. After photos coming soon.

Management Team

Experienced leadership with deep SFR and capital markets expertise.

Adam Slipakoff

CEO — Fund Management
  • +Corporate attorney specializing in venture capital and M&A
  • +Co-founder of $20M Alder Somerset Fund with 3x investor exit
  • +15+ years building SFR portfolios

Alex Fisher

CIO — Acquisitions & Sales
  • +Licensed Broker in SC, NC, and GA
  • +3,000+ SFRs acquired for investors since 2017
  • +Built RH's off-market acquisition channel from 250 to 2,000+ homes in 18 months

Jordan Shutts

COO — Asset Management
  • +Licensed Property Manager in Charge
  • +Former Underwriting Director at an institutional SFR acquirer
  • +9+ years in SFR reno and property management

Resources

Offering Materials

Review the fund materials and reach out with any questions.

Investor Pitch Deck

Fund thesis, market analysis, sample deals, and projected returns.

Download Pitch Deck →

Investor FAQ

Accreditation, minimums, distributions, K-1 timing, tax treatment, and exit mechanics.

Click Here →

Learn More / Questions

Have questions or want to talk through the opportunity? Reach out and the RH LTR Fund II team will follow up.

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Contact Details

This page is informational only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Securities are offered only by RH LTR Fund II, LLC through its Private Placement Memorandum, only to verified accredited investors, and only in jurisdictions where such offer is lawful. All performance figures shown are targets or projections based on management’s current assumptions and are not guarantees. Past performance is not indicative of future results. Real estate investments involve significant risk, including possible loss of principal. Read the full forward-looking statement and risk factors in the Private Placement Memorandum before investing.