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Sounds like a cool idea, but I couldn’t figure out how you bootstrap. Do you rely on warm hearted homeowners to take a cut in their potential profit from the p
by algebra-history 6y ago
Sounds like a cool idea, but I couldn’t figure out how you bootstrap. Do you rely on warm hearted homeowners to take a cut in their potential profit from the potential for renting ?
- Artistry121 6y agoHey! Our models indicate if we can get market rate mortgage debt on our portfolio (likely) to fund 80%, and prime plus low to average mezzanine debt rates on 15% to fund the rest all holders can make returns - including equity - so long as we minimize fees and keep occupancy high. In the long run, there are many ways being the gateway to financing a home / a person's largest monthly expense allows many methods for expansion. Real estate is a fairly efficient market but the strange dichotomy between rent and mortgages mean there are two starkly different return structures. There's a lot of margin in between the two to create a hybrid that satisfies everyone.
- algebra-history 6y agoI’m not savvy when it comes to debt, mortgages, real estate, investors, and the like, so I have difficulty understanding your message. But, I am happy to hear you’re going for it!
- Artistry121 6y agoThank you!