Thoughts about S.H.A.R. or SCDC

[Damini Dutta]

I came across an RE opportunity that seems too good to be true but number works. They are startup company from Houston. They want to be full service RE professionals. They develop, they build, they finance, they property manage, they will have HAO, cleaning crew etc. etc. etc. so the subsidiary companies make money every step of the way.

From investor perspective:

• The investor pay $15 K to reserve the right to purchase 25 multiplex over the year of next 5 years. 5 each year.
• So for the first property which will cost over $1 mil to construct, there will be stacked loans, essentially $280K will come from loan assistance program,( the name is not correct but the same idea).
• Investor’s deposit will be used to make interest only payment for construction loans.
• After a year you finance, it gets into BRR situation that is no money from your pocket as equity takes care of downpayment and you own the building.
• They property manage and you get cash flow..

Any one heard of them, before I incest $15K with them, Below is thier website

https://sharecommunitydevelopmentcorp.com/