Question 1

What are the financing qualifications or criteria that you must meet in order to purchase as well as have the 30 year mortgage payments?

Accepted Answer

These buildings will be financed the same as a traditional building. That means a bank mortgage or construction loan. Many other alternative financing routes also exist. If the Casita is placed in a backyard, it will likely be a refinance of the primary mortgage. I think one of the more popular options will be this https://www.fanniemae.com/HomeStyle/lender/index.html

Question 2

Nice video and offering! What is the maximum amount of "1st mortgage payment" on perk 1? Is this assuming 15yr or 30yr mortgage?

Accepted Answer

There is no set maximum. It would be the total cost for the installed Casita on a 30 year mortgage term. Since install costs and mortgage terms can be different, the monthly payment might vary a bit.

Question 3

Are the "purchase orders" different than the 1500+ People that put down a deposit? Are purchase orders mainly from Corporate End Users or Commercial RE Developers?

Accepted Answer

Yes they are different, purchase orders and letters of intent are from big company customers, like Builders/Developers who want to order hundreds or thousands of units. Then, we have a list of 10,000+ people who have joined the "waitlist", out of that 10,000+, 1,500+ have given us small deposits ranging from $100-$1200. These guys are mostly end users who want on for themselves. We anticipate the bulk of our orders will be from big companies who need workforce housing, disaster relief, large ...

Question 4

The investment type is a bit hard to find, is this classified as Regulation Crowdfunding, Regulation D and Regulation A+? Update: I think this is the answer buried somewhere :0 .. "We are seeking to raise up to $10,500,000 in this offering, with up to $1,070,000 coming from sa...

Accepted Answer

Yes thats right! Unfortunately, the SEC rules make things a bit confusing. Out of the ~$10m, ~$1m can come from lower net worth investors, and the remaining ~$9m must come from high net worth investors. We have been exploring the potential of a Reg A+ offering, which would allow us to raise up to ~$50m from anyone. We thought it was important to setup the reg CF so that our friends, family, and early supporters who might not be "high net worth" could join us on this journey!

Question 5

So in layman's terms, how do we cash in in the long run? If one day, heaven forbid we want to sell :0, what are the ways to cash out? If the company is private, it would be to another private investor that we find? Or if public, on the public stock exchanges? Will there be div...

Accepted Answer

A desirable outcome would be getting acquired or IPO. We want to cash out too. At the moment we are interested in the IPO route but wouldn't turn down other offers. At the end of the day, if we can execute on our vision, the potential market size is incredibly massive, we have designed the product to be compatible with almost the entire globe.

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