How It Works
Understanding the Catalyst Fund structure, lifecycle, and investment process.
The Structure
Each year, a new Dickson Catalyst Fund is created, allowing agents to invest in a professionally managed portfolio of 25-30 single-family rental homes across strategically selected Midwest markets. Think of it like a 401(k) for real estate—a disciplined, long-term wealth-building strategy designed for retirement and financial foundation planning.
Key Features:
- •Annual Fund Structure: Each year represents a new, discrete investment opportunity
- •Collective Power: Agent investments are pooled to purchase quality homes
- •Professional Management: Comstock Ventures handles all operations
- •Long-term Focus: 20-year fund lifecycle designed for maximum appreciation
Auto Invest Program (Most Popular)
- • Minimum initial deposit: $5,000
- • Automatically allocate a percentage or fixed amount from your commission checks
- • Contribute monthly over a 12-month period (May through April)
- • Budget-friendly approach that builds your investment gradually
- • Minimum monthly contribution: $750
Lump Sum Investment
- • Make a single investment at any time during the enrollment period
- • Can invest through personal funds, trusts, or LLCs
- • Ideal for agents at different career stages with available capital
Fund Structure
Ownership: 80% agents / 20% manager (Comstock Ventures + Dickson Realty)
The 20-Year Fund Lifecycle
Years 1-2: Enrollment & Acquisition
- • Open enrollment period for agent participation
- • Strategic acquisition of 25-30 quality rental homes
- • Professional underwriting and market selection
Years 1-10: Debt Reduction
- • All rental income applied to paying down mortgage debt
- • No distributions during this phase
- • Building toward debt-free ownership
- • Conservative cash reserves maintained
Years 11-20: Distribution
- • Fund is completely debt-free
- • Annual cash distributions from rental income
- • Steady passive income stream
- • Properties continue to appreciate
Year 20: Liquidation & Final Payout
All properties are sold • Capture 20 years of real estate appreciation • Lump sum payout distributed to all participants
Target Property Profile
Typical Home Characteristics
- • 3-4 bedroom single-family homes
- • Comparable quality to $400K-$550K Reno homes
- • Middle-class neighborhoods with decent school districts
- • Typically family rentals
30-90 years old (well-maintained, character-rich homes)
Conservative Financial Metrics
Why These Markets?
Strategic Market Selection
Comstock Ventures has 7 years of experience and deep relationships in Midwest markets that offer:
- ✓Affordability: Purchase prices allowing strong cash flow and rapid debt paydown
- ✓Stability: Markets with limited new construction and existing housing supply constraints
- ✓Economic Diversity: Multiple markets reduce risk from localized economic downturns
- ✓Strong Yields: Rent-to-price ratios 3-4x higher than Western markets
Middle America Fundamentals
- • Stable employment bases
- • Affordable living attracting working families
- • Limited speculative investor activity
- • Mom-and-pop landlord market (97% of single-family rentals)
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