RealtyeVest To Fund Camden Crossing Townhomes Near Amazon Fulfillment Center in Jacksonville, FL

President of Northeast Florida Home Builders Association to Build Camden Crossing

New Leaf Communities, in partnership with RealtyeVest, announced plans today to raise capital for the new construction of Camden Crossing, a 35-unit multifamily townhouse development located in thriving northeast Jacksonville, FL. Online retail giant, Amazon, has plans to open a fulfillment center which will add approximately 1,200 new jobs located less than 2 miles away from the planned property. Additionally, Camden Crossing will be located less than 2 miles from River City Marketplace (a large, bustling outdoor shopping center) and Jacksonville International Airport (JIA). Forbes named Jacksonville one of America’s fastest growing cities in 2017. The 1,495 square foot townhouses will have 3 bedrooms, 2.5 baths, single car garages, and will be located on 6.15 acres.

According to Lee Arsenault of New Leaf Communities, Camden Crossing will offer investors an opportunity to earn an above market return while being secured in a hard asset like real estate, including multifamily investments.  Lee is serving as President of the Northeast Florida Home Builders Association and has served as President of the Florida Builders Association. Adding to the extensive experience for New Leaf Communities is Lee’s partner John Latshaw, Jr. John is a highly experienced Ponte Vedra, FL Tax Attorney, developer, and development consultant specializing in small multifamily projects such as Camden Crossing. He and Lee formed New Leaf Communities when market trends indicated more and more people were choosing to delay house purchasing or downsizing and instead opting to rent.

RealtyeVest was chosen exclusively to raise capital for this project due to their powerful real estate crowdfunding platform, which allows individuals to review and invest in real estate online. According to Lee, “After meeting with Dan Summers and his RealtyeVest team, we are convinced of their excellent real estate acumen and that their crowdfunding platform is head and shoulders above any other platform we’ve reviewed.”

The RealtyeVest online platform and social network provide accredited investors unprecedented access to professional-grade real estate. Unlike competitors, RealtyeVest reviews each offering through an extensive due-diligence process and remains actively involved through completion, investing side-by-side with its investors. According to Dan Summers, “New Leaf was able to structure its capital stack to allow investors an annualized overall yield of 10% secured with 1st lien. Investment opportunities for the Camden Crossing project are now open to the public exclusively at the RealtyeVest online marketplace.

 

The post RealtyeVest To Fund Camden Crossing Townhomes Near Amazon Fulfillment Center in Jacksonville, FL appeared first on RealtyeVest Crowdfunding News.

10 Things to Consider When Investing in a Real Estate Crowdfunding Deal

Investing in real estate through a crowdfunding platform can be an exciting and lucrative endeavor.  This is especially true for investors who are new to the real estate investing industry.  Since the crowdfunding platform is new and unique to real estate, there are pitfalls in which investors should avoid when attempting to invest in a crowdfunding opportunity for the first time.  These are the top items investors should consider before investing in a crowdfunding opportunity. 

1. Experienced Real Estate Underwriters

As a real estate investor, knowing that a company has knowledgeable real estate underwriters helps ease the burden of wondering if this deal is real or even profitable.  The real estate underwriter’s primary focus is to analyze the deal, identify the risks involved, determine how to eliminate as much risk as possible and structure a deal that results in the best possible outcome. This process will ensure that deals are worthy of investing in.  The main focus of an underwriter is in the financial portion of the deal, it is imperative that the underwriter carefully assess all assumptions to ensure that profitability is achievable and that investors will earn a generous return on their investment.

2. Investment Returns  

As a rule of thumb, if you have extra money sitting around in a retirement account or savings account earning less than 10%, it would be wise to consider real estate to help grow your retirement nest egg.  Crowdfunding platforms can offer exciting opportunities to new investors that were not available to them even a few short years ago. Most crowdfunding platforms offer an annualized 10% yield per deal and some crowdfunding companies offer profit participation as an additional upside to investing in a particular deal.

3. Quality of Sponsor

Having a strong and experienced sponsor is one of the best ways to mitigate risk.  A strong sponsor will understand how to value the property in the initial acquisition phase. Successful sponsors understand what it takes to run a property through the investment cycle from the acquisition, managing the asset during the holding period, then timing the correct moment for selling the asset at its most profitable. Having a sponsor that can demonstrate the qualities will help ensure that the investment is profitable.

4. Quality of Asset

A strong real estate asset is a key to profitability. Depending on the asset class, being located in a highly desirable market contributes greatly to the asset as a whole.  In addition to the market, the asset’s quality can also be determined by trailing financials or rent rolls for example.

5. Cost of Entry

The minimal investment may not be important to some, but others, who just want to test the waters would likely not want to shell out, for example, $25,000 on their very first investment.  Lower minimal investments allow new investors to get a feel for crowdfunding especially if they are new to the platform or crowdfunding as a whole.  Ultimately, smaller minimal investments give investors a chance to find out if real estate crowdfunding is for them in the future.

6. Comprehension

In addition to having professional real estate underwriters analyze the deal, the information or data from the underwriter should be easy to follow and make sense.  An investor should be able to determine if a particular deal is worthwhile or not; simply by the way the information is presented on the offering page.  Advance jargon is sometimes confusing for a novice real estate investor. Real estate investing through crowdfunding should be easy and seamless, and not require an advanced degree of any kind.

7. Getting Paid and How Often

Getting paid should not be a mystery, it should be clearly stated somewhere within the deal.  If you cannot find how often or when you are paid, then likely you should find another deal in invest in all together; because making money is the reason you’re investing in real estate in the first place, right?

8. Exit Strategy

Knowing how and when the investor will get their money back is imperative to any investment opportunity.  A crowdfunding deal should have a clear exit strategy listed within the deal that clearly tells investors how the sponsor intends to repay the initial capital investment; best if in a sequence of easy to follow steps.  If the exit is not listed, you should be able to find out relatively easy from the platform’s customer service team.

9. Crowdfunding Platform

A real estate crowdfunding platform should be easy to navigate. The platforms should be secured and offer an investor every tool they will need to make an informed decision of whether to invest in a deal or not.

10. Fees

A real estate crowdfunding platform is best when they do not charge the investors fees for investing.  It seems kind of silly that an investor who is lending their money should pay to play twice. There are more than enough deals on different platforms that do not charge the investor asset manager or accounting fees. It would be wise to seek those out first, then fall back on investor fee-based platforms when they have an irresistible deal that would be worth paying the fee to invest in that particular deal.

Summary

As you can see, there’s a lot that goes into investing in a crowdfunded real estate deal.  Following these tips will help investors land the perfect deal on any platform regardless of how the platform structures the deal.  

When you are ready to invest, go through t this list to ensure that everything meets your standards as a real estate investor. 

The post 10 Things to Consider When Investing in a Real Estate Crowdfunding Deal appeared first on RealtyeVest Crowdfunding News.

Press Release: Introducing Exclusive No-Load Pledge Fund

Offers Investors Unique Opportunities in High-Performing SFR Asset Class

Jacksonville, FL, June 15, 2017 — RealtyeVest seeks accredited investors to create an exclusive $1M Single Family No-Load (1) Pledge Fund for the fast financing of highly opportunistic off-market Single Family Residential (SFRs) deals in North Florida’s profitable SFR buy-renovate-sell market. Investors in this eFund strategy will have a strategic advantage over competing non-fund investors.

“Given the number of Funds seeking capital in today’s private equity market, emerging managers often run into difficulty finding investors willing to fully commit their capital for 10 to 12 years in a traditional blind-pool private equity fund structure,” said Daniel Summers, CEO of RealtyeVest. “As a result, our clients have increasingly asked us about short-term, No-Load alternatives to the traditional private equity/debt Fund model.”

What is a Pledge Fund
A Pledge Fund is an arrangement where investors pledge a predetermined dollar amount into an investment pool with pre-disclosed parameters. Sponsors (real estate operators) have access to the pledge fund for fast financing of attractive deals, enabling them to almost always edge out the competition. Details of every investment opportunity are completely transparent, providing investors the choice, on a deal-by-deal basis, whether to participate in an investment.

Hottest Market Opportunities
North Florida is one of the Real Estate Markets in Florida and in the United States according to Forbes. Single family properties are increasingly in high-demand and selling quickly in the Greater Jacksonville area. Real estate investors who have their financing secured ahead of time stand the best chance of acquiring the hottest properties normally without layers of brokerage fees, and earning aggressive financial returns on their investment.

Pledge Fund Property Distinctions

  • Located in Duval, St. Johns, Clay, and Nassau Counties
  • Off-Market
  • Single Family Residences
  • No Mobile or Manufactured Homes
  • No Rural Areas, Located in Up-Trending Neighborhoods
  • ARV (After Repair Value) Generally Between $100k – $300k

Pledge Fund Financial Overview

  • $1,000,000.00 Pre-Pledged Fund
  • Interest Only Loan (2)
  • 10% Interest Paid Monthly
  • 10% Profit Participation From Net Profits (5)
  • Secured By a 1st Mortgage with 1st Lien Position (3)
  • Pre-Paid Interest Will Be Held in Escrow and Drawn Upon For The Length of Term
  • Loan to Verifiable ARV (4) Not to Exceed 70%
  • Normal term is 6-9 months
  1.  No-Load Fund – A no-load fund means you can invest in single-family homes shares of the fund at any time without a commission or sales charge.
    Interest-Only Loan – A non-amortizing loan in which the lender receives interest during the term of the loan and principal is repaid in a lump sum at maturity.
  2. 1st Lien Position – A lender or creditor in a first lien position has priority in case a debtor defaults and collateral has to be liquefied to settle the debt. For example, mortgage lenders are usually in a first lien position; if a borrower defaults on his payments, the mortgage lender is the first creditor to receive remuneration from the sale of the property.
  3. ARV – ARV stands for After Repair Value. This is an estimated value of a property after it has been completely renovated. This is a crucial number for those flipping homes and allows you to calculate the spread between what you should purchase it for and the price you can expect to resell it for.
  4. Net Profits – defined as Gross sales price less any and all acquisition costs, holding costs, rehab costs, closing costs including but not limited to liens, commissions, title charges, etc.

Carpe Diem
Because RealtyeVest’s Single-Family No-Load Pledge Fund is financing properties exclusively in America’s hottest real estate market, the Pledge Fund will quickly reach it’s $1M funding goal. Accredited investors are encouraged to immediately express their interest in pledging to the fund in order to seize their spot in this unique, high-yield investment opportunity.

Visit realtyevest.com/pledge-fund to learn more about their Single Family Pledge Fund. And read their educational article to learn more about Pledge Funds.

Connect with RealtyeVest crowdfunding on social media @RealtyeVest, on Twitter, Facebook or Linkedin.

The post Press Release: Introducing Exclusive No-Load Pledge Fund appeared first on RealtyeVest Crowdfunding News.

Why Pledge Funds Are Becoming More Popular Than Blind Pool Funds

It’s a challenging environment for fund managers. Investors want more control over their investment decisions and to “know” exactly what they are investing in. Investors also want good overall returns while maintaining some control over what they are investing in. For these and other reasons, the Pledge Fund is exploding in popularity over the more traditional Blind Pool Fund.

Old concepts become new again, particularly in the investment world. Pledge Funds are an old concept that is finding increased usage in the real estate investment world. Investors are embracing the control and power that Pledge Funds give them over Blind Pool Funds. To understand just why they are becoming more popular, it’s important to know what they are and the advantages they have over Blind Pool Funds.

Pledge Funds Defined
Pledge Funds are private equity/debt funds that are set up to invest in projects within a very limited set of parameters. The managers of the Fund find projects to invest in that meet the pre-determined set of parameters. Investors are given information on the project and its expected returns. Projects are funded on an individual per deal basis. If an investor doesn’t want to fund a deal, they don’t have to, even if every other investor in the fund invests in the project.

VIEW THE PLEDGE FUND!

Login to view details about the ReV Single-Family Pledge Fund!

Pledge funds are seemingly a 21st-century investment vehicle, but a form of the pledge fund has existed for centuries. In fact, the railroads were built with a form of this fund. It was only recently that investors chose to turn over all investment authority over to fund managers.

It’s clear that Pledge Funds offer advantages when it comes to making investment decisions. These advantages are becoming even more pronounced in industries like real estate. Pledge Funds put decisions in the hands of individual investors, but the actual managing of the investment stays with the fund managers. It’s a powerful advantage for those who want an active role in their investments without the day-to-day management work.

Blind Pool Funds Defined
Blind Pools Funds for investors to investing private equity and debt fund where investors invest in the Fund and a fund manager has wide latitude in determining what investments are made and when they are made. Investors in the blind pool fund do not green light or red light investments as these decisions are made solely by the fund managers.

Blind Pool Funds became popular in the 1980’s and 1990’s with the rise of venture capital and angel investors. While they are still quite popular, some investors began to shy away from them after the dot-com bust. Many Blind Pool Funds had made investments in ideas that were never destined to earn money and some investors lost heavily. A good example is the spectacularly famous flop that was Pets.com.

The obvious advantage of Blind Pool Funds is that decisions are made by the fund managers. The fund managers know that they can throw the weight of the fund behind any project they feel should be backed. Investors don’t need to worry about investment decisions because they are made by skilled fund managers.

Pledge Funds vs. Blind Pool Funds
Pledge Funds have the distinct advantage of putting investment decisions in the hands of the individual investors. They are not bound to invest in what the majority of the investors in the fund want to invest in. If the majority of the investors want to invest in a new shopping mall, those investors who feel there is a shopping mall surplus can choose to abstain for investing in the project.

Pledge Funds can easily limit themselves to certain real estate sectors, like single-family real estate, making the investment parameters naturally narrow. Individual investors understand what the projects are doing and what the expected returns are. They know whether an investment is a good choice or not and can choose to pledge their funds accordingly.

VIEW THE PLEDGE FUND!

Login to view details about the ReV Single-Family Pledge Fund!

Investors without the time to manage or determine what investments to make are a good candidate for a Blind Pool Fund. It’s a set it and forget it method of investing that can solely focus on fund returns. Investors may also fall into this category if they don’t have access to investment information or support.

It is possible for Pledge Funds to provide the right kind of investment information support to these investors so that they feel more comfortable pledging or not pledging an investment. Just because a fund allows an investor to make a choice, it doesn’t mean they are forced to make a choice. The fund manager can give advice on real estate investments. It’s this flexibility that is making pledge funds a popular choice.

As the real estate investment market continues to change, investors should definitely look at the Pledge Fund as a popular alternative to the traditional blind pool fund. It may provide just what investors want and need when taking control of their investment choices. With the right kind of management, they can produce above average returns while providing investors with a good choice of real estate investment vehicles.

This is why RealtyeVest has chosen to focus its first ReV Pledge Fund on single-family homes in the hottest real estate markets in the United States. In the right market, single-family investments are predictable and offer returns ranging from 10% – 14% annualized yield. The ReV Single-Family Pledge Fund focuses on debt investments with limited up-side profits participation in Northeast Florida that are secured with a 1st lien mortgage. This short-term investment fund allows investors to pre-fund quality investments, securing their position in Northeast Florida’s highly competitive real estate market. The ReV Pledge Fund was designed for both novice real estate investors looking for a simple and seamless way to invest in single-family buy-and-sell projects as well as accredited investors searching for a great starting place with quick turn arounds. If you fall into either of these categories, the ReV Single-Family Pledge Fund is a great solution for you!

The post Why Pledge Funds Are Becoming More Popular Than Blind Pool Funds appeared first on RealtyeVest Crowdfunding News.

Space Travel is Powering The Real Estate Market on Earth

Florida’s Space Coast, including the Merritt Island area where Cape Canaveral sits, continues to experience a booming space travel activity. As big names such as Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin set up shop in the area, more high-earning professionals continue to troop into the Space Coast, causing a real estate boom that is expected to last for a long time to come. As a result, Florida real estate investment news will be nothing without mention of space travel.

Space travel continues to attract the interest of many people, thanks to advanced technology and entry of notable private investors like Elon Musk, Jeff Bezos and Richard Branson. Perhaps, owing to the charisma of these personalities, the opening of space industry to private companies as opposed to government agencies likes NASA inspires more people. This means Florida’s Space Coast is in need of more investment in real estate to cater for demand of quality housing by the staff of these companies and the flurry of other support businesses that will crop up.

Big Investment and Job Growth due to Space Travel

The fact that the number of applicants to NASA’s class of astronauts rose from 6,300 in 2013 to a record 18,000 in 2017 asserts the growing popularity of space travel. This was apparent as Vice President Mike Pence joined NASA officials on Wednesday, June 7 to unveil 2017’s new class of astronauts. This gesture of federal support to space travel will definitely boost investor’s confidence for the benefit of Florida’s Space Coast real estate.

This comes after Space Florida approved a $5 million budget to upgrade the Cape Canaveral Air Force station’s Launch Complex 40 to support more efficient launch operations. Already, SpaceX is doing repair works on the launch pad destroyed by a rocket explosion in September 2016. Undoubtedly, these developments will see a hike in demand for housing in the Merritt Island area, signaling handsome returns for realtors and investors in the Space coast.

 

space coast real estate investments

Florida Real Estate Investments – RealtyeVest

 

Elon Musk’s Space Exploration Technologies Corporation, also known as SpaceX, has found renewed energy in space travel. It has partnered with United Launch Alliance, which brings together Boeing and Lockheed Martin, and they already use launch pads at Cape Canaveral for their space travel operations.

Space Florida CEO, Frank DiBiello, said that the $5 million would be matched by over $35 million in private investment and will generate 70 jobs each attracting average pay of $80,000 per annum. “That’s a good match,” Bill Dymond, the Space Florida board chair, said. “And 70 jobs at $80,000 a year I think is worth $5 million as well.” This means that demand for high quality real estate by high-earning individuals will not be in short supply.

Moreover, Blue Origin is investing $200 million to build a rocket factory in the locality. “We’re not just launching from here,” Mr. Bezos said of the move, “We’re building here.” According to state officials, the rocket manufacturing and assembly plant will create a projected 330 direct jobs. Jeff Bezos’ Blue Origin already leased Launch Complex 36 for its space travel operations. This attests to the expected growth in demand for quality single family housing on Merritt Island.

Such an announcement by Blue Origin and the evident presence of SpaceX and NASA on the Cape Canaveral speaks volumes of renewed activity on the Space Coast. In fact, Jeff Bezos hopes to revive Launch Complex 36 that has laid dormant for a decade! Similarly, these investments are breathing a new life to real estate market around the Merritt Island area.

invest in florida real estate

Space Florida Ramps up Spending to Support Space Travel

Space Florida, on the other hand, has shunned budget cuts to spur growth in the space travel industry. It is not only charged with developing aerospace business, but also with managing spaceport infrastructure in the State. Therefore, it works in close contact with organizations like SpaceX, Blue Origin, Boeing and NASA to achieve its goals. Due to its efforts, companies like Embraer, Northropp Grumman and Rocket Crafters have moved into Merritt Island or expanded their operations.

Funding for the state organization was maintained at $19.5 million in 2017, as was the case in the 2016 budget. This means it can comfortably pursue space travel business to the benefit of the economy. Consequently, real estate businesses stand to gain from the growth in space travel that Space Florida advances.

The agency is keen in offering incentives to aerospace and aviation businesses to woo more investors and boost their businesses. For instance, it allocates $20 million per annum of what is provided by the State Department of Transport to build and improve infrastructure such as launch pads at the Kennedy Space Center. After the shuttle downturn that led to 18,000 job cuts in 18 months back in the 1970s and dampened Florida real estate investment news, there is no taking chance with the new space travel economy.

Furthermore, the Space Florida has approved up to a tune of $2.75 million more in FDOT funding in order to expand roads, relocate overhead utility lines as well as access roads in Exploration Park. This is aimed at benefiting Blue Origin and other companies such as OneWeb Satellite. However, we know that good infrastructure is a catalyst for growth in real estate business and rises in house prices. Therefore, real estate investors stand to gain a lot from the infrastructure spending.

In conclusion, space travel has unleashed many opportunities for real estate business in Space Coast. Merritt Island area real estate business, due to its strategic location and hosting of the Kennedy Space Center and several launch pads, stands to gain a lot from the space business. Therefore, Florida real estate investment news will be dotted with success stories of Merritt Island real estate investors.

Subscribe Today!

SUBSCRIBE TO GET THE LATEST REAL ESTATE NEWS OR CREATE AN ACCOUNT TO VIEW OUR REAL ESTATE INVESTMENT MARKET PLACE

The post Space Travel is Powering The Real Estate Market on Earth appeared first on RealtyeVest Crowdfunding News.

RealtyeVest Lowers Minimum Real Estate Investment Amount to $5,000

JACKSONVILLE, Fla., June 7, 2017 — RealtyeVest lowered their required minimum investment amount today to just $5,000 for all offerings on their real estate crowdfunding platform for accredited investors. Previous minimum investment amounts ranged from $15,000 to $50,000, depending on the real estate project. The new $5,000 threshold is intended to give first-time investors a chance to experience RealtyeVest‘s high-caliber performance with a nominal financial commitment.“We are seeing significant activity on our platform, however we feel there is a corner of the market we are not appealing to,” said Daniel Summers, RealtyeVest CEO. “So we are offering investors a taste of our service with a new lowered investment amount for all projects. Once they see the quick return on their investments, they will no doubt want to increase their contribution amounts.”

RealtyeVest connects commercial and residential real estate owner-operators with investors. Their one-stop platform, realtyevest.com, provides a simple, secure, and transparent investments for accredited investors to partake in exclusive high-yield investment opportunities. New investors can complete the simple accreditation process right on the RealtyeVest website and become accredited within approximately 24 hours.“Our offerings generate returns ranging from 10 to 30 percent for our clients,” said Summers. “Lowering the minimum investment amount will allow many more investors to experience the benefit of working with us.”

CEO Daniel Summers

Mr. Summers has over 30 years of real estate finance experience. He is rapidly building RealtyeVest to the same magnitude he did with his former real estate investment firm Hastings Realty and Madison Realty Group, which he grew into a $1 Billion collection of office buildings and shopping centers.

Mr. Summers is a frequent participant on investment panels, speaks regularly at real estate and investment events, and hosts webinars about real estate investing.

Opportunities and Market Trends

Real Estate investing with Realtyevest specializes in affordable housing and low-income community properties, as well as single family residential investments and commercial real estate rehabilitation projects. New projects are added to their platform weekly. They publish current real estate market trends and financial forecasts on their blog.

Learn more about RealtyeVest at realtyevest.com. Connect with them on social media @RealtyeVest, on Twitter, Facebook or Linkedin.

Subscribe Today!

SUBSCRIBE TO GET THE LATEST REAL ESTATE NEWS OR CREATE AN ACCOUNT TO VIEW OUR REAL ESTATE INVESTMENT MARKET PLACE

The post RealtyeVest Lowers Minimum Real Estate Investment Amount to $5,000 appeared first on RealtyeVest Crowdfunding News.

Sponsor Spotlight – John Daley: Raise Capital For Real Estate

When John Daley, 55, wanted to start investing in assisted living homes, he didn’t go the traditional route of borrowing money from a bank. Instead, he looked to RealtyeVest, the premiere real estate crowdfunding platform, to raise capital for real estate that he needed in order to purchase his next fix and flip project. Thirty days later, RealtyeVest had raised $215,000 from various investors around the country and Daley had his property.

Under construction now, the Sweet Water Park project is a residential assisted living facility in Jacksonville, Fla… The project build out will consist of three phases, which will take place over the next several months.

“The first phase will be licensed for 15 beds and is under construction right now, and should be completed by July. After that, it will take between 60-90 days of licensing and we should open our doors for business by September,” Daley said.

“The second phase will include adding another 15 beds in a new construction project on the property. Phase three will include expanding the current structures so in the end there will be a total of 50 beds at this location. The structures are being built on 5.8 acres in a park-like setting that features a one-acre pond, trees and benches. There will be front porch seating so the residents will be able to enjoy the gorgeous view of the pond in the Florida weather. Residents will also enjoy one-on-one care, organic produce and fresh ingredients in all the food provided.”

Originally from Biloxi, Miss., Daley, 55, has been living in Florida for the majority of his adult life. His interest in real estate peaked seven years ago, when he saw a Carleton Sheets’ infomercial on television. From there, he joined a real estate investment club in Jacksonville, where he spent eight months learning the intricacies of real estate investing.
Since, Daley has been involved in several renovation projects, including six single-family homes, three of which have been sold.

Q: What is the secret to your success and how have you been able to secure financing for those projects?
Mr. Daley: Actually, I have now sold five of the six single-family homes. I only have one house left and that should be on the market in about two weeks. After that, I am going to concentrate on my Assisted Living project until it is up and running. As for the secret to my success, it is all about buying right and not taking any short cuts. Once completed, my houses sell within a week because I purchase them at a low enough price that sets me up to make a profit. Having said that, we do not take any shortcuts when it comes to making renovations. The last house I sold, the buyers home inspector stated on the home inspection that it was the best renovation by an investor he had ever seen.

Q. Tell me about your next project(s) and where you see yourself in five years?
Mr. Daley: Once the Sweet Water facility is up and running, I have plans to open several more Assisted Living Facilities in Jacksonville and several other locations. As for the Florida market, I have plans to open another four to five Assisted Living Facilities in the Jacksonville area within the next 5 years.

Q. How has your experience raising capital through crowdfunding platforms helped expedite the timeline of past, present and future projects?
Mr. Daley: My ability to raise capital for real estate through crowdfunding platforms has helped me move much faster on obtaining my first Assisted Living Facility. I spent many months jumping through hoops without any approval for a small business association loan before I was approached by Dan Summers of RealtyeVest about crowdfunding. As I mentioned, through crowdfunding, I was able to get the perfect property under contract and purchased within about 30 days.

Q. How has your business been received since partnering with RealtyeVest?
Mr. Daley: Everyone I have spoken with about Sweet Water has been extremely impressed with the design and speed of the project, which might not have happened without RealtyeVest and the funds they have raised for the project.

Q. Lastly, would you recommend RealtyeVest to other developers and real estate operators?
Mr. Daley: I have financed several real estate projects using crowdfunding through RealtyeVest and would recommend RealtyeVest to any real estate investor or operator. They have come through for me in raising funds on every project that I have done with them.

The post Sponsor Spotlight – John Daley: Raise Capital For Real Estate appeared first on RealtyeVest Crowdfunding News.

June Newsletter: Lower Entry, Investor Growth & New Offerings

RealtyeVest’s Lowers Minimum Investments Across the Board

Beginning in June RealtyeVest’s investor community will be able to participate in all investments for as little as $5,000. This will allow for new and experienced investors to get into more deals and diversify their real estate investments across more offerings.

Since the launch of the new RealtyeVest platform, our investor base has experienced a 61% growth rate over the previous month. This growth has largely stemmed from our extensive marketing campaigns, rebranding efforts, new investment offerings and promotional outreach.

RealtyeVest is evolving into a national crowdfunding brand. We have recently been invited to speak at a number of national and international conferences along with attracting several very large sponsors.  Other national crowdfunding platforms are evolving into more of a traditional lending capacity, making the on-boarding process laborious and untimely, while RealtyeVest remains nimble and user-friendly.


 June Updates

The Monroe House

RealtyeVest is pleased to announce that it has recently added a new debt investment offering for a 40,000-square-feet Assisted Living Facility in southwestern Mississippi, near the Louisiana state line. The development includes 60 one-bedroom/bathroom units.

Dubbed The Monroe House, the project is a $1,000,000 debt investment opportunity that’s being offered at 12% interest as a current payment with 10% profit participation in a capital event. The total raise for the project will be $5,000,000 in five total tranches. Construction for the development has been approved by the planning and zoning commission, and the board of supervisors.

VIEW DETAILS

Island Oaks

RealtyeVest is pleased to announce that it has recently added a new debt investment offering in Merritt Island, Florida. Island Oaks Condominiums is a four-building, 48-unit condominium development located off North Courtenay Parkway. The community also lies within the Space Coast, an area inside Brevard County that got its name because of its proximity to the Kennedy Space Center and Cape Canaveral Air Force Station.

The development, which is currently under construction, is $2,000,000 debt investment opportunity with a 10% ROI and 10% profit participation. The total cost to capitalize the development is $10,271,520, which includes $1,500,000 in land acquisition costs; $6,252,000 in construction hard costs; $707,000 in soft costs; and $1,812,520 in carrying costs and project fees.

Why We Like This Deal


A Word From The CEO


“You spoke and we listened… we lowered the minimum investment on “every” deal on our site to $5,000. This opens the floodgates for first time investors to invest with us with an increased comfort level. We look forward to working with new and seasoned investors and as always, I am available via phone or email to answer any questions. Thank you and Happy Investing.” – Dan Summers

Tip of the Month

A lot of investors try to cut corners to save money, but in our opinion, they end up having more issues when they attempt to sell the property. If a renovation project is not done correctly and repairs are left needed… don’t expect to get the full market value of the asset. Look to crowdfunding for additional capital to help with the unexpected costs and renovations of projects.


RECENTLY CLOSED DEALS

Sweet Water Park Assisted Living Facility

The equity investment portion on this Senior Living Project, which offered a 28% ROI, has just closed. Under construction now, Sweet Water Park is a residential assisted living project in Jacksonville, Fla. The project build out will consist of three phases, which will take place over the next several months. The first phase will be licensed for 15 beds and should be completed by July.  The second phase will include adding another 15 beds in a new construction project on the property. Phase three will include expanding the current structures so in the end there will be a total of 50 beds at this location. The structures are being built on 5.8 acres in a park-like setting that features a one-acre pond, trees and benches.

But for the investors who participated in this project, there is nothing left to do but relax and enjoy the fruits of passive real estate investing.

For more information on Sweet Water Park check out our spotlight interview with project sponsor John Daley.


“Buy land, they’re not making it anymore” – Mark Twain


SPONSOR SPOTLIGHT: Mr. John Daley


Originally from Biloxi, Miss., Daley, 55, has been living in Florida for the majority of his adult life. His interest in real estate peaked seven years ago, when he saw a Carleton Sheets’ infomercial on television. From there, he joined a real estate investment club in Jacksonville, where he spent eight months learning the intricacies of real estate investing.

Since then, Daley has been involved in several renovation projects, including six single-family homes, five of which that have already been sold, he said, “and the sixth should be on the market in about two weeks.”

READ FULL INTERVIEW


Events


Crowd Invest Summit West 2017
RealtyeVest CEO Daniel Summers is scheduled to present at the upcoming 6th Annual Global Crowdfunding Convention at the Planet Hollywood Resort & Casino in Las Vegas, Oct. 23rd – 24th.

The two-day convention, sponsored by Microsoft, is considered the flagship crowdfunding event of the year!

Get Your Tickets

The post June Newsletter: Lower Entry, Investor Growth & New Offerings appeared first on RealtyeVest Crowdfunding News.

Online Real Estate Investment: The Monroe House

real estate investment

 

online real estate investments

 

      VIEW DETAILS

 

WHY WE LIKE IT

Online Real Estate Investment

INVEST TODAY

Location

The Monroe House is an online real estate investment in the community of Carriere, Mississippi — midway through Pearl River County — located between cities Picayune and Poplarville. The area is known for its growing population, which increased by 6,600 residents from 2000 to 2014, according to the U.S. Census Bureau. From 2010 to 2015, the county also experienced an increase of about 1,500 senior citizens.

Weak Competition

It’s important to note that there is only one identified assisted living facility within the Pearl River County primary market area (PMA) that offers assisted living services. While there are no imminent plans for senior living developments in Carriere, the area represents a large untapped market for investors.

The post Online Real Estate Investment: The Monroe House appeared first on RealtyeVest Crowdfunding News.

The Real Price of Tesla Solar Shingles Is Through the Roof

Tesla Solar Shingles

Tesla’s announcement to start selling its long-awaited solar roofing system was met with mixed reviews last week when the automaker published a cost comparison blog on its website.

The news of the announcement follows the 2016 merger between Tesla and SolarCity — one of the largest solar energy companies in the United States — and further implements Tesla CEO Elon Musk’s vision of a future defined by carbon-free energy.

In the blog post, Tesla said the new solar roofing system will cost $21.85 per square foot for an average American home — roughly 2,500 square feet.

While the product might be pricier than a traditional roof ($4.00-$7.00 per square feet,) it will ultimately pay for itself in reduced electric bills — a process Tesla says will take about 30 years to realize.

And if that isn’t enough, in reality, the price might nearly be twice that amount.

The Real Costs

The true cost, according to the blog, will be about $42 per square feet for solar tiles and $11 per square feet for non-solar tiles. Although Tesla recommends at least 50 percent of solar coverage to meet your home’s energy needs, the automaker factored in only 35 percent of the roof being covered with solar tiles when determining the average price.

Tesla even published a cost calculator for customers to price out their own roof with coverage of up to 70 percent of solar tiles.

tesla solar shingles

The price was calculated for a roof where 35 percent of the tiles are solar, in order to generate $53,500 worth of electricity, which according to Consumer Reports would make a solar roof more affordable than an asphalt shingle roof.

Regardless of the percent of coverage, costs will vary significantly depending on customer choice and the size of the roof.  But one thing is for sure, the installation before factoring in the cost of energy will be much higher than a conventional roof.

Energy Wave

Fifty years ago, the idea of building eco-friendly modular homes, using energy-efficient products, renewable materials and solar panels was impractical. Today, the momentum is with renewable energy, and because of proven tax benefits, more developers are opting to build energy-efficient homes and facilities.

For example, this assisted living facility in Carriere, Miss. will be developed as a “Green” building, which will significantly reduce its monthly utility costs.

This is all part of the global shift designed to reduce our reliance on fossil fuels, eliminate pollution and promote green energy alternatives. So, even though solar roofing isn’t cheaper than other current options, it may be a practical alternative for some energy conscious consumers.

The Bottom Line

But here’s the bottom line: although the installation includes materials and the removal of your old roof, taxes, fees and additional construction costs such as skylight replacements and structural upgrades are not included.

Even if someone decides to purchase Tesla’s Solar Roofing, most Americans live in their homes for less than a decade before selling. This means the majority of homeowners who purchase the new product will have relocated long before the investment pays for itself.

This feature is made possible by using two types of glass tile, solar tile and non-solar tile. Both appear the same from street level.

It’ll be interesting to see how much success the automaker has selling to different markets, with a price tag that can range from $30,000 to upwards of a $100,000 per installation.

I guess the market niche for Tesla’s solar roof product is that it turns sunlight into electricity, while maintaining the appearance of a traditional shingled roof. Nowadays, some solar panels cost less than $3 per watt for installation, and can pay-off in more than half the time (7-10 years) than the projection for a Tesla solar shingles roof.

Made with tempered glass, this product, unfortunately, will likely be limited to the more affluent suburb market.

So far, other companies have had little success incorporating solar technology into roofing tiles or shingles. As for the bigger picture, it remains questionable if the automaker’s newest gimmick will appeal to consumers as much as its vehicles do.

Subscribe Today!

SUBSCRIBE TO GET THE LATEST REAL ESTATE NEWS OR CREATE AN ACCOUNT TO VIEW OUR REAL ESTATE INVESTMENT MARKET PLACE

The post The Real Price of Tesla Solar Shingles Is Through the Roof appeared first on RealtyeVest Crowdfunding News.