Golden Hills Investment Group Inc. | Application Preview
-
General Information
Business Registration Number: 45-3934187
Location: Kansas City, MO, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
-
Funding Usage
I am a Real Estate Investor currently engaged in a project in a small rural town in Missouri, located approximately one hour from Kansas City. I have acquired a dilapidated multi-family building, which is undergoing renovations for the apartments. The complex comprises eight habitable units along with two office spaces. At present, three units are occupied: two are leased on a long-term basis, and one is available for short-term rental, while I continue to renovate the remaining units. My objective is to offer high-quality housing to our tenants, with a primary focus on safety and aesthetic appeal. I take great pride in the efforts I have invested to ensure that our apartment units are well-maintained. This endeavor is made possible with the support of my family. The funds will be used to replace windows and renovate four units in need of a complete overhaul. Additionally, I own a triplex that requires a full renovation. The funds will also go towards purchasing ductless mini-split systems for heating and cooling in all units. Currently, all rented units have new window air conditioning units and heaters, but I am looking for a more cost-effective solution. I also plan to replace the water tank with a tankless water heater, improve the building's appearance through painting, and upgrade old appliances. Finally, I will use the funds to repay the debt incurred from renovating the units, which was financed through personal savings, retirement funds, and credit cards.
-
Business Plan
I plan to renovate and update all 11 apartment units and 2 office spaces that are currently unoccupied. This will involve updating the interiors, replacing any outdated fixtures, and ensuring that all units are in top condition for potential tenants. Once the refurbishment is complete, I will begin leasing out the units to individuals and businesses looking for high-quality rental spaces. My goal is to maximize the potential of these properties and provide attractive, modern spaces for tenants to enjoy. Investors are encouraged to consider investing in my project as it aims to bring about positive change in a rural area where access to good housing is limited. The project seeks to offer top-notch rental accommodations, providing tenants with a safe and comfortable place to call home. However, scaling the business is proving to be a challenge due to the lack of adequate funding. While this endeavor will require significant effort and resources, with the necessary funding, the project can be successfully executed in a timely manner. By investing in this project, investors can not only contribute to the improvement of living conditions in the rural area but also stand to gain financially from the potential returns on their investment. The demand for quality rental accommodations in the area is high, and by providing such housing, the project has the potential to generate a steady stream of income for investors. Furthermore, investing in this project aligns with socially responsible investing principles, as it aims to address a pressing social issue and improve the quality of life for individuals in the rural community. This can enhance the reputation of investors as socially conscious and responsible contributors to positive change. In addition, by investing in this project, investors can also benefit from potential tax incentives and other financial advantages that may be available for investments in projects that promote community development and affordable housing. Overall, investing in this project presents a unique opportunity to make a positive impact on a rural community while also potentially yielding financial returns for investors. With the right support and funding, this project has the potential to be a successful and impactful venture.
-
Self Identified Competition
1. The top three competitors I am currently facing are traditional landlords who prioritize profit over the well-being of their tenants, leading to substandard living conditions. 2. My current main competitors are established landlords who prioritize financial gain over the welfare of their tenants, resulting in inadequate and unsafe living conditions. My distinguishing factor is my commitment to making a positive difference in the community. I focus on building long-term relationships with clients by emphasizing integrity and transparency in all business interactions. I uphold the highest levels of honesty and reliability, setting myself apart from competitors in the industry.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
