Hey John. Thanks for the question. To put it simply, if you don't make money, I won't make money since my payout comes after you. So it's in my self-interest to control expenses.
Hey Joshua. Thanks for your question. We've technically started the project already (preliminary design) and the homes are set to go to market in March of next year. If you look under the "About the Project" section above, there's a full schedule for the project.
Hey Dennis. Excuse the delayed response! To answer your question, in the event the project didn't secure the approvals then, yes, the money would be returned as there'd be no way to proceed. Obviously not anticipating any issues in that regard but appreciate the hypothetical. Thanks for the question!
Hi Jonathan,
Once an investment is made is the money fully at risk if approvals (zoning, historic district, etc.) are not secured...meaning no refund if project does not proceed?
Thanks,
Hi, I’m Jonathan and I’m the developer for this project. I’m here to answer any questions you may have. What do you want to know about the Starter Home program? About this offering? I’m looking forward to your questions.
Hey John. Appreciate the question. The bank will actually take first position.
How will the investment be secured?
The investment is unsecured, actually. As an equity investor (owner), you get paid back after the bank loan is paid in full.
How will I know that I will make money? Based on your documents I can get a return, but you're controlling the expenses.
Hey John. Thanks for the question. To put it simply, if you don't make money, I won't make money since my payout comes after you. So it's in my self-interest to control expenses.
Hey Joshua. Thanks for your question. We've technically started the project already (preliminary design) and the homes are set to go to market in March of next year. If you look under the "About the Project" section above, there's a full schedule for the project.
Will this be a 1st deed of trust on the property?
Hi JT, what is the current start and end date planned for this project?
Hey Dennis. Excuse the delayed response! To answer your question, in the event the project didn't secure the approvals then, yes, the money would be returned as there'd be no way to proceed. Obviously not anticipating any issues in that regard but appreciate the hypothetical. Thanks for the question!
Hi Jonathan, Once an investment is made is the money fully at risk if approvals (zoning, historic district, etc.) are not secured...meaning no refund if project does not proceed? Thanks,
Hi, I’m Jonathan and I’m the developer for this project. I’m here to answer any questions you may have. What do you want to know about the Starter Home program? About this offering? I’m looking forward to your questions.