Question 1

Hi, this is an excellent idea and well thought-out, You seem to have the energy and commitment to be successful. My concern is that payback is from net and not gross revenue. If you raise your max investors will not be fully paid back until you achieve a total net profit of ov...

Accepted Answer

Great question, Alan, and happy to have the chance to clarify. Net Revenue is not the same as net profits here. Net Revenue is all of our actual money received, reduced only by returns and cancellations, if any. This term is defined in the Revenue Note attached above. Again, the 12% will be calculated before paying other expenses, mortgage payments, and overhead.

Question 2

What is the current fund raising deadline?

Accepted Answer

The sooner we fully fund the offering, the quicker we get the house up and running and start earning revenue (and get our investors paid!). Our goal is to fund in 60 days, but we have the option to keep the offering open longer than 60 days if needed.

Question 3

Thanks Sarah, in that case the 12% may be quite reasonable.

Accepted Answer

Let me know if you have any other questions!

Question 4

Hi! Assuming you close the funding when you reach the $60K goal, by when do you project to payoff the entire loan? Same question if you’re fully funded at $107K?

Accepted Answer

Hi Jacquelyn, Based on our projections, we hope to start repaying back our investors around April 2020, and it will take about nine years of quarterly payments. In addition to the Nashville property, we are planning to identify, purchase, and launch a new property every 3-4 years as well. If we hit these marks, investors will receive approximately 13% interest per year over the course of the repayment, with early bird investors receiving a slightly higher interest rate and everyone else sligh...

Question 5

This company looks interesting. I want to know when is the last day to invest? I might wait till you hit the minimum before adding my funds.

Accepted Answer

Hi Samuel, There is no set closing date. We are hoping to be fully funded in 60 days, but if that doesn’t happen, we will keep it open longer. The benefit if getting in before we hit our minimum is the repayment of 2x instead of 1.5x, and if we don’t reach our minimum, you would be getting your money back anyway!

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