KPK·REAL ESTATE
29.76°N 95.37°W Greater Houston, Texas

Residential redevelopment. We find potential, we build value.

First acquisitions · Spring 2027 · North of Houston

Work with us How we work

European capital, a builder's discipline, one of the most active housing markets in the US.

Three partners from Austria. Houston is large, affordable and still growing, and a market that favors buyers rewards discipline.

Our own capital in every project, underwritten before any money moves.

7.9M+ Metro residents. Houston added more people than any other US metro in 2024–25.
~$340K Median single-family home price, well below the national existing home median.
5th Largest metro area in the United States, anchored by energy, medicine, and aerospace.

Greater Houston · as of mid-2026 · US Census Bureau, Houston Association of Realtors

Three roles that usually sit at three different firms.

01
Acquisitions & Underwriting
Tobias Kolitscher
Licensed broker in Austria. Sourcing, valuation, transactions.
02
Design & Scope
Tim Kolitscher
Architecture, ETH Zurich. Sets the scope before the first contractor arrives.
03
Construction & Assessment
Moritz Perner
Construction manager and property assessor. Walks every property, runs every site.

What we buy, in plain terms.

The formula decides. A deal slightly outside the profile is still worth sending.

Maximum offer
ARV × 0.70 − rehab

A ceiling, never a starting point. Purchase plus renovation stays under $400,000.

ARV · SOLD COMPS $460,000 ARV $460K × 0.70 $322,000 30% · COSTS, PROFIT, RISK ×0.70 $322K 30% = MAXIMUM OFFER $262,000 − RENOVATION $60,000 = OFFER $262K − REHAB $60K
Target submarkets Spring · Klein · FM 1960 corridor
Property type Single-family, detached
Layout 3 to 4 bed / 2 bath
Size 1,800 to 3,000 sq ft
Year built 1970 to 1995
Purchase price Generally $175,000 to $300,000
After-repair value Generally $300,000 to $600,000
Response time Initial response within 24 hours
Condition

Cosmetic through full gut. Anything repairable is fine.

Outside the box

Above the profile but the numbers work? Send it. The Woodlands included.

Hard exclusions

FEMA zones AE and VE. South of I-10. Inside Beltway 8. Unresolved title.

Three submarkets in one wedge north of Houston.

Inside the wedge only. No FEMA zones AE or VE, nothing south of I-10.

01

Spring

77388 / 77373 · I-45 CORRIDOR

$245KHOME VALUE
1970s to 80sHOUSING STOCK
25 miTO DOWNTOWN

The deepest pool of listings under $200,000 in the wedge. 1970s and 80s homes, updated piece by piece, never as a whole.

02

Klein

77379 · CHAMPIONS FOREST / WIMBLEDON

$369KHOME VALUE
1970s to 80sHOUSING STOCK
26 miTO DOWNTOWN

Klein ISD, A-rated. Estate-sized 1970s homes on large lots, the strongest resale pool in the wedge.

03

FM 1960 corridor

77090 / 77068 · PONDEROSA FOREST / OAK CREEK VILLAGE

$263KHOME VALUE
1970sHOUSING STOCK
22 miTO DOWNTOWN

The southern edge and the entry point. Deep 1970s stock, highest foreclosure share, comps up to $157 per square foot.

Rounded, mid-2026. Home values: Zillow ZHVI by area, 77090 median sale price via RealtyTrac. Distances approximate, from Downtown Houston. Map data © OpenStreetMap contributors © CARTO.

Every project runs the same four steps.

01

Source

Agents and wholesalers. We walk it and answer within 48 hours.

02

Underwrite

Sold HAR comps, FEMA zone by parcel, the 70% rule. No pass, no purchase.

03

Renovate

One scope, licensed trades, 40 to 48 days on site.

04

Sell

Listed through our agent. Roughly 90 days from purchase to closing.

One project, day by day DAY 0 30 60 90 CLOSE & SCOPECLOSE RENOVATIONRENO 40 to 48 days on site, licensed trades LIST & CLOSESALE

Built in phases, not all at once.

Phase 01 · From 2027

Fix and flip

Build a track record and a capital base through disciplined single-family renovations.

Phase 02 · From 2028

Development

Move into ground-up development, starting with small multi-unit projects of four or more homes.

Phase 03 · Long term

Buy and hold

Assemble a long-term rental portfolio in the same submarkets we already know.

From renovation to development

Fix and flip is how we build a track record and a capital base in Houston. It is not the end state.

We act as our own general contractor. Two of three partners come from the building side, so building is a short step from renovating.

From 2028: small multi-unit projects on infill lots, inside the streets we already renovate in.

We grow with the pipeline, not ahead of it.

We hire as the work arrives, never ahead of it.

2027 2–4 people on the payroll, two crews

A lead craftsman with a helper who holds a schedule. Estimating and acquisitions stay with the partners.

2028 4–8 people, two to four crews

One four-person crew on the development site, plus a superintendent for the open projects.

Beyond → grown against real projects

A Houston contracting operation with its own people. How fast depends on the first projects.

NOTE 01 What we look for

People who work to a drawing, price their own material, and speak up early. Reliability over speed.

Not hiring yet. If you work in the Houston trades, we would rather know you before we need you.

Lenders, agents, contractors, and partners welcome.

Agents & wholesalers

Bring us a deal that fits the criteria above.

Lenders

Fund a project with a partnership that underwrites conservatively.

Contractors

Build with us on renovations across the Houston metro.

Issue to [email protected]